Can Bitcoin make it to six digits in the next bull run? Probably yes.

Bitcoin performance report, September 2023

I could make grand predictions that one Bitcoin will be worth $1 million by 2025. That might drive clicks and deliver some much needed hopium in the bear market.

But this isn't how we roll here. Instead we are going to look at what's likely to happen in the bull case.

And the good news is that's already pretty good.

Can Bitcoin make it to six digits in the next bull run? Probably yes.

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Can Bitcoin make it to six digits in the next bull run? Probably yes.

The takeaway

The next big milestone for Bitcoin will be to seriously start chipping away at the gold market.

That would translate into one BTC being worth about $120k.

To reach that target during the next bull market (expected before 2027) Bitcoin would need to have a compound annual growth rate of 48%.

When you put that number in context this is a completely realistic target as long as a bull market materialize.

But let’s see how the math works out.

How long to reach the milestones?

If you subscribe to the digital gold bull case for Bitcoin (and still at this point there is no reason not to) then the next couple of milestones are: