Even with Bitcoin reaching unprecedented heights, skepticism about its potential for further growth is likely to persist, even at a price of $10 million, according to a Bitcoin advisor. This sentiment echoes the historical pattern of doubt that has followed Bitcoin's journey, with critics questioning its ability to climb further each time it reaches a new all-time high.
Luke Broyles of The Bitcoin Adviser, in a recent discussion on the Coin Stories podcast, suggested that this skepticism isn't rooted in technical limitations but rather in a psychological barrier, with many people not yet convinced that Bitcoin can improve their daily lives. He stated that even if Bitcoin reaches $5 million, $10 million, or higher, people will still question its potential for further growth.
Bitcoin has demonstrated significant growth, reaching a high of $124,100 in July 2025, before pulling back to around $108,978. Despite this, Broyles believes that mass adoption will not occur until people personally experience Bitcoin's benefits. He also proposed that integrating Bitcoin with real estate loans could accelerate adoption more effectively than trying to convince skeptics to invest small amounts over time.
Various experts have offered differing predictions for Bitcoin's future value. Robert Kiyosaki, known for his "Rich Dad" series, predicts Bitcoin will reach $10 million, driven by investors fleeing the dollar. Others, like Cathie Woods and Jack Dorsey, foresee Bitcoin reaching $1 million by 2030. Chamath Palihapitiya has suggested a price of $500,000 by October 2025, while Peter Brandt estimates a range of $120,000 to $200,000 by September 2025. In contrast, Warren Buffet has expressed extreme skepticism, stating he wouldn't pay $25 for all the Bitcoin in the world.
Currently, Bitcoin's price is calculated in real-time by aggregating data across numerous exchanges and markets, utilizing a volume-weighted average formula. Its market capitalization is over $2.1 trillion, ranking it as the top cryptocurrency.
Recent events in the Bitcoin market include Bitcoin ETFs experiencing outflows for six consecutive days, with nearly $2 billion flowing out by the end of August. Additionally, long-term Bitcoin holders are moving dormant coins, potentially indicating a shift in investment strategies. El Salvador recently transferred its Bitcoin holdings to new wallet addresses to enhance security against quantum threats.
Despite the volatility and skepticism, proponents believe Bitcoin's unique blend of software, cryptography, and financial incentives, along with its decentralized nature, positions it as a revolutionary force in the financial system. The ongoing narrative of Bitcoin and the rise of a borderless, permissionless financial system continues to be shaped by various stakeholders, including miners, traders, and builders.
