In a bold forecast, analyst Brad Mills has predicted that Bitcoin could soar to an astonishing price of $3 million per coin while marking a potential 100-fold increase in its market value. As the institutional adoption of Bitcoin and other cryptocurrencies keeps growing at an enormous pace, this prediction has excited the crypto community, with thousands of users agreeing with the analyst.
Mills, a prominent voice in the crypto space, shared this latest analysis on TradingView on June 16, introducing the concept of the “SaylorCycle”—a new era for Bitcoin driven by institutional adoption and macroeconomic shifts.
“We are in the first year of the SaylorCycle,” Mills said. “The next decade we will see a complete change in the structure of the Bitcoin market as there is a 10-year boom in bitcoin accumulation on a global level.”
Mills’ prediction hinges on the end of Bitcoin’s traditional boom-and-bust cycles, which he attributes to the transformative influence of Michael Saylor, CEO of MicroStrategy, and the broader adoption of Bitcoin as a reserve asset. In his detailed analysis, Mills noted that a steady upward trend post-Quantitative Easing (QE) era will vigorously fuel Bitcoin’s upward price trajectory, contrasting sharply with its historical volatility.
“Bitcoin cycles are dead. The days of parabolic booms & devastating crashes are done,” Mills wrote in an X post, emphasizing the asset’s inevitability in a world of increasing demand.
The analyst’s thesis draws parallels with the U.S. Federal Reserve’s quantitative easing policies since 2008, which have seen a growing appetite for treasuries. Mills argues that Bitcoin’s fixed supply of 21 million coins, combined with growing institutional interest, could lead to its price soaring.
“We should no longer see 80-90% drawdowns, and the Bitcoin market structure should move like the rest of the global markets as there is a strong bid for Bitcoin from institutional & sovereign buyers,” he said.
Bitcoin to Hit $3 Million: When?
Mills’ $3 million target implies a market capitalization of approximately $63 trillion, surpassing gold’s current valuation. He suggests this could unfold over the next decade, driven by widespread adoption among the global middle and lower classes saving in Bitcoin. This timeline challenges bearish forecasts, with Mills asserting that the “chasm is crossed” for Bitcoin’s mainstream acceptance.
The chart and analysis shared by Mills show that the target for Bitcoin price, potentially hitting the $3 million price mark, could come into play by the end of 2031. Although this is just a speculation, a clear explanation in the chart—highlighting various cyclic phases—strongly supports the claim.
Going even further, the analyst also speculates that the Bitcoin price will “advance to levels as high as $10 million per coin over the next decade or 2” while comparing it to the asset’s historic gains, which have continued giving “parabolic returns” over the past years.
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