ChainCatcher News, according to Cointelegraph, crypto analyst and network economist Timothy Peterson stated that Bitcoin's price will reach a target of $1.5 million per coin, and it should be achieved within ten years. Timothy Peterson cited his own model, placing network expansion at the core of Bitcoin's future value proposition, predicting that by the midpoint of the next decade, the trading price of BTC/USD will increase 15 times.

It is reported that Timothy Peterson successfully predicted in 2020 that Bitcoin would not drop below $10,000 again.