Bitcoin is currently priced at $97,000, showing significant recovery from its 2022 low. Analyst Joe Burnett forecasts a rise to $250,000 in 2025 and potentially $1 million by 2030, supported by improving macro conditions and rising institutional interest. Concerns about market volatility and liquidity remain, while other analysts offer varied predictions about Bitcoin’s future price growth.
Bitcoin’s market performance continues to mystify analysts and investors alike, particularly as it maintains a steady climb in 2025. Currently priced around $97,000, Bitcoin has dramatically rebounded from its 2022 low of approximately $16,000. The big question everyone’s asking is how high can it possibly go?
Joe Burnett, the Director of Market Research at Unchained, is forecasting Bitcoin to hit $250,000 by the end of this year and an even more audacious $1 million by 2030. His bullish stance isn’t just hot air; it’s based on a confluence of factors impacting the cryptocurrency market.
In a recent appearance on Cointelegraph’s Chain Reaction show on the platform X (previously known as Twitter), Burnett voiced his optimism, stating, “I wouldn’t be surprised at all to see Bitcoin hit $200,000 or $250,000 this year.” He attributes much of this potential rise to an improving macroeconomic environment which is creating favorable conditions for Bitcoin.
Burnett elaborated, discussing how global metrics like M2 money supply are shifting, with the Volatility Index (VIX) recently hitting highs not seen since March 2020. This environment of market stress could lay the groundwork for a substantial rally for Bitcoin. “When the bottom is in and global liquidity expands, that’s when you’ll want to invest in what I see as the fastest horse: Bitcoin.”
Furthermore, institutional adoption appears to be gathering steam. Notable companies such as MicroStrategy along with emerging firms like 21 Capital are currently stockpiling Bitcoin — often using borrowed funds to do so. This trend could spark a fear of missing out (FOMO) among other corporations and governments, as highlighted by Burnett: “If the price begins to rise, companies might mirror that enthusiasm, fearing their own assets diminishing in purchasing power compared to Bitcoin.”
Looking even further, Burnett envisions Bitcoin potentially reaching $1 million by the year 2030, suggesting this might be a tenfold increase from where it stands today. His reasoning is predominantly based on Bitcoin’s inherent advantages when matched against traditional stores of value. “If we measure Bitcoin against gold, we’re looking at a current parity upwards of $1 million,” he commented, asserting that Bitcoin’s scarcity makes it a superior asset.
Interestingly, Bitcoin’s resilience is also drawing scrutiny. Dr. Kirill Kretov from CoinPanel suggests that while Bitcoin is moving up, the rally is not entirely driven by solid investor confidence. He observed, “Recent market volatility appears to be largely artificial. Significant withdrawals from exchanges since late last year have left the market in a delicate and fragile state, leading to erratic price movements.”
Several forecasts for Bitcoin’s trajectory by 2030 are out in the open. The table below illustrates some predictions:
| Forecaster/Institution | 2025 Price Target | 2030 Price Target |
|————————|——————|——————-|
| Joe Burnett (Unchained)| $250K| $1M|
| Cathie Wood (ARK Invest)| Not specified| $1.5M-$2.4M|
| Robert Kiyosaki| $180K-$200K| $400K-$600K|
Beyond price predictions, Burnett argues Bitcoin’s highly unique properties make it stand out against traditional fiat currencies and other digital currencies. “Bitcoin cannot be printed on a whim, which adds to its appeal and scarcity. It’s a blend of being both portable and rare,” he stated, highlighting Bitcoin’s uniqueness in the economic landscape.
Moreover, rising global liquidity correlates tightly with Bitcoin price movements. Burnett stresses that as global monetary supply increases, it historically signals upward price movement for Bitcoin. As we see more signs of liquidity returning, this could set the stage for another rally.
Additionally, the race among nations to acquire Bitcoin is intensifying. With recent U.S. executive orders aiming for a National Strategic Bitcoin Reserve and impending proposals to ease government purchasing of Bitcoin, the backdrop points to a potential international competition for this digital asset.
Michael Saylor’s perspective resonates with long-term Bitcoin believers: “It’s not just about moving money across borders. It’s about securing wealth for the future.” As the forecasts suggest Bitcoin is set for a leap to $250,000 this year and potentially $1 million by 2030, the journey appears far from over.
In summary, while Bitcoin’s future road is riddled with uncertainty, analysts remain optimistic, bolstered by macroeconomic conditions, institutional adoption, and its unique characteristics that may solidify its status as a store of value.
