Bitcoin could hit $1.5 million if it matches gold’s market value
Bitcoin could rise to about $1.5 million if it achieves the same market value as gold, a forecast said.
On March 6, blockchain outlet The Crypto Basic reported that Adam Back (아담 백), CEO of Blockstream, highlighted bitcoin’s long-term growth potential at the Global Aerts Miami 2026 conference. He analyzed that bitcoin recorded the highest average annual return among major assets over the past decade. He added that investors must endure high volatility to earn those returns.
He also reiterated a previous prediction that if bitcoin establishes itself as “digital gold,” it could surpass gold’s total market value, in which case the price per coin would reach $1.5 million.
Institutional investors are also considering adding bitcoin to their portfolios. Back introduced an investment strategy that BSTR chief investment officer Sean Bill (션 빌) proposed to pension funds in 2019, saying it suggested allocating 2 percent of a portfolio to bitcoin and holding it for the long term. The strategy seeks to maximize gains when prices rise by using bitcoin’s asymmetric return profile and to limit losses when prices fall.
This trend is spreading across the financial sector. As large financial firms such as BlackRock, Morgan Stanley and Bank of America begin to address bitcoin investment strategies, discussions on formal institutional investment are becoming more active, the outlet reported.
Bitcoin has recently maintained strength, recovering $70,000 even amid tensions in the Middle East. It is still down 44 percent from its all-time high of $126,080 set on Oct. 6 last year, but rising inflows into exchange-traded funds are acting as a positive signal.
About $1.1 billion flowed into spot bitcoin ETFs from March 2 to 4, and BlackRock’s iShares Bitcoin Trust (IBIT) drew $306.6 million on March 4 alone. As institutional demand recovers, expectations for bitcoin’s long-term value are also growing.
