Bitcoin price to reach one million dollars by January 2027 based on this new model

Bitcoin price can exceed a million dollar sign in January 2027, with access to higher levels by 2030.

This is according to a recently published paper by Dr. Murray Road and Dennis Porter from the Satoshi Fund, which is prominent Bitcoin The invitation group.

Paper The balance of demand and supply is proposed to predict the price of the original, which represents its fixed supply and advanced demand.

Big broken: a pair returned by peers led Drmurrayrudd He explains that Bitcoin is on the right track to exceed $ 1,000,000 per currency by January 2027 with access to millions of dollars by 2030. pic.twitter.com/12ayhosjhe

– Dennis Porter (Dennis_porter_)) January 30, 2025

Specifically, the study combines continuous elasticity of the demand in the alternative (CES) with an elastic supply curve in Bitcoin.

The CES application is a mathematical formula used to show how the demand for the original can change in response to changes in its price and relevant asset prices.

By setting these parameters, using the price of bitcoin and width at the time of 2024 in half, indicating the job intersections with the unleashed assets curve, the model expects its price under different circumstances.

With this model, the authors of the paper believe that Bitcoin exceeds the sign of one million dollars by autumn 2028 in the conservative scenario. This scenario assumes the remains of the demand for levels seen in mid -December 2024, which is largely driven by the boxes circulating on the stock exchange.

However, in the upscale scenario, which is the main goal of the paper, the desired teacher strikes in January 2027. Here, the authors cite the effect of the adoption of companies It was ignited by microstrategy And the demand that can come from Suggested strategic reserves From several American states And countries around the world.

It is worth noting that the Satoshi Fund was a major defender of these reserves in many American states, and its efforts seem to see results. As the CEO of the group and the co -author of the last paper, Dennis Porter, It was recently highlightedAt least 11 states studying proposals to create a strategic Bitcoin reserves, where about five others are expected to join.

In essence, the motive behind the last paper was to highlight the Bitcoin capabilities as a backup asset.