BTC Price Prediction: $1 Million Bitcoin Value by 2033
Bitcoin is low, but some investors say it could do much better in 2026 and hit $1 million in a few years.
Quick overview
- Bitcoin has lost over 8% of its value this year, currently sitting at $87,268.
- Investor Mike Alfred predicts Bitcoin will reach $1 million by 2033, even staking his holdings on this forecast.
- The cryptocurrency market has faced challenges due to high tariffs and lack of support from the current U.S. administration.
- Despite recent struggles, some investors believe Bitcoin could outperform traditional assets like the S&P 500 and gold in the near future.
Bitcoin may have lost more than 8% of its value this year, but Alpine Fox LP investor Mike Alfred predicts that the coin will reach $1 million by 2033.
Forecasts for Bitcoin continue to predict a $1 million price point sometime in the future, with the latest from Mike Alfred calling for that goal to be reached by 2033. Alfred is so sure of his prediction that he said he would stake his Bitcoin holdings on it.
BTC/USDBitcoin (BTC) has not just struggled this week, however, with a drop of 3% over the last seven days. It has lost more than 8% this year, making no forward progress overall. The coin has been hindered by a tough cryptocurrency market, high tariffs imposed by President Donald Trump, and an alarming lack of support from the current administration despite promises that Trump would be pro-crypto.
Can Bitcoin Recover from Its Tough Year?
The U.S. government did set up a cryptocurrency reserve this year and passed the GENIUS Act to make stablecoins easier to buy and sell, but beyond those seemingly token gestures, not much progress has been made to provide strong support to the market. With Trump focusing on foreign trade, tariffs, and international conflict in 2025, it seems like there was little time to give cryptocurrency the support it needed to thrive this year. It could be assumed that the lack of attention paid to the crypto market by this administration so far is a big part of what caused the BTC price to dip.
Now down to $87,268 (BTC/USD), Bitcoin is at a critical level below $90K where investor support is faltering. That has not stopped prominent investors from predicting that the coin will get out of its slump in the future and surge to $1 million in the coming years.
Some predictions say that Bitcoin could beat the performance of both the S&P 500 and gold as soon as next year. The S&P 500 grew by 17% in 2025, but this was an unusually high year for the stock index. Gold gained 67% in 2025 due to the faltering strength of the dollar. For Bitcoin to outperform both of these would be impressive and to expect a massive recovery as soon as 2026 may be overly optimistic.
The bulls have held onto Bitcoin for months now, pulling it down since the October record high. It is expected that they will continue to strangle the coin and keep it below the $100K mark for a while longer. If the current administration turns its focus to cryptocurrency, then Bitcoin could surge. Investors like Alfred believe that the selling pressure on Bitcoin is pretty much finished. According to them, the expensive bear run may be at an end, and the bulls may take the coin and run with it from here.
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