Bitcoin (BTC) on Thursday hit an all-time high of $111,862.98, gaining 3.3% in a single day and edging close to the psychological $112,000 mark. But according to industry experts, this may just be the beginning—with some predicting BTC could reach $200,000, $500,000, or even higher in the coming years.

Adam Back, Blockstream CEO
Renowned Bitcoin developer and Blockstream CEO Adam Back believes BTC could soar to $500,000 to $1 million in this cycle. He told Decrypt that current prices are "surprisingly low" considering the post-halving environment and significant institutional involvement. "A new all-time high could quickly become much higher," he said.

Standard Chartered: $200,000 in 2025, $500,000 by 2029
British banking giant Standard Chartered is also bullish. Geoffrey Kendrick, the bank's Global Head of Digital Assets Research, expects Bitcoin to hit $200,000 by the end of 2025, citing a shift away from U.S. assets as investors seek non-sovereign stores of value. Looking further ahead, Kendrick projects $500,000 by 2029, when former President Trump’s next term is expected to end.

Bernstein: $200,000 in This Bull Run
Investment firm Bernstein forecasts Bitcoin reaching $200,000 during the current bull run, driven by institutional inflows. Analysts say up to $330 billion could be invested in BTC over the next five years. "The Bitcoin genie is out of the bottle," they stated, emphasizing the irreversibility of growing institutional interest.

Arthur Hayes: $150,000 in 2025
Former BitMEX CEO Arthur Hayes predicts $150,000 by the end of 2025, arguing that global capital will flee traditional assets amid aggressive central bank money printing. “Bitcoin is the only lifeboat,” he wrote in a recent blog.

Tim Draper: $250,000 by End of 2025
Venture capitalist Tim Draper expects BTC to reach $250,000 by late 2025. He criticized companies not holding BTC as being “irresponsible” and noted Bitcoin’s increasing gravitational pull on global capital.

Larry Fink: $700,000—Eventually
BlackRock CEO Larry Fink, whose firm launched the iShares Bitcoin Trust, suggested BTC could eventually hit $700,000, especially as sovereign wealth funds allocate even a small portion of their assets to crypto.

Brian Armstrong: Multi-Million Dollar Future
Coinbase CEO Brian Armstrong envisions Bitcoin reaching multiple millions in the long term, driven by nation-state adoption. However, he cautioned that BTC still has a long journey ahead before hitting those heights.