Bitcoin continues to capture attention at the highest levels of finance, with some experts calling for an unprecedented rise in its valuation over the coming years.
Despite the asset stabilizing near $117,000 after reaching a fresh high of $122,000, influential voices remain unfazed and are doubling down on ultra-bullish predictions.
One of the most outspoken is Fundstrat’s Tom Lee, who reaffirmed his conviction that Bitcoin could ultimately reach $1 million. In a recent interview, Lee framed Bitcoin as the digital counterpart to gold—a form of financial trust in a turbulent monetary world. With gold’s market cap at $23 trillion, he believes that Bitcoin matching that value is not just aspirational but plausible, given its fixed supply and expanding investor interest. For Lee, the emergence of new business models on the Bitcoin network will only accelerate this valuation climb.
That sentiment is echoed by investor and MythOfMoney author Tatiana Koffman. In an appearance on Schwab Network, she argued that the recently passed Bitcoin Act—enabling the U.S. government to build BTC reserves—could serve as a powerful long-term tailwind. If the U.S. buys 200,000 BTC annually, Koffman sees a scenario where scarcity drives the asset toward $1 million. She also believes this strategy could be mirrored globally, as other governments and corporations adopt Bitcoin for their treasuries.
The common thread in both forecasts is supply. With a hard cap of 21 million BTC, institutional demand—especially from sovereign actors—could dramatically reduce available supply, driving prices higher. While critics see these projections as overly ambitious, the growing policy support and evolving role of Bitcoin as a strategic asset suggest that such long-term targets may not be as far-fetched as they once seemed.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/could-government-reserves-push-bitcoin-past-1-million/