Sina_21st announced his 2030 predictions for Bitcoin in his assessment today. According to the analyst, Bitcoin could rise to $947,000 by 2030, but the base target will be around $250,000. Although these targets seem like a distant time period for now, 2030 is only 5 years away. 2020 seems like yesterday and marked the beginning of the last bull markets, just like 2024; now we are stepping into 2025, the real rise period. Bitcoin is expected to reach a six-digit peak by 2025. What about 2030?

Sina_21st focused on Bitcoin’s $97,859.9 estimates for 2030 in his today’s assessment. These dates are not that far away in the cryptocurrency world, as those who were in the cryptocurrency market in 2014 and 2017 will easily remember this period. The analyst shared the following model to show Bitcoin’s future potential: Bitcoin could reach $1 million by the end of 2030.

The Bitcoin Quantile Model can answer this projection. This model is a quantile regression of Bitcoin’s historical data. While OLS regression allows modeling only the mean of a variable, quantile regression allows modeling all quantiles. Only two quantile values ​​were considered for the analysis: the 1st and 99th percentiles.

The percentile line models the Bitcoin data such that 99% of the data falls below it. Similarly, the 1st percentile determines the point at which only 1% of the data falls below it. Extrapolating these lines reveals a price channel where Bitcoin will approach $1 million ($947,000) by the end of 2030. Sina_21st’s base level is $250,000. It would be surprising to even imagine Bitcoin reaching $250,000 today. If this projection proves true, the mood of investors could be negative when Bitcoin drops to a quarter of a million dollars, comparable to the price of Bitcoin reaching $20,000 in 2017. Just as there would be disappointment today when Bitcoin drops to $86,000.

If BTC continues its current historical performance cycle, a peak near $947,000 is likely to be reached in 2030. At the time of writing, Bitcoin was around $98,345, while altcoins also started the day with weak gains. The market seems to have calmed down after the weekend’s lack of volume. However, the supportive ETF data released on Friday is making the current market conditions positive.

As a result, Bitcoin could potentially see $1 million in the long term, but short-term price action has always been misleading and market reality will take shape over the years with more solid validation.