According to Coinbase CEO Brian Armstrong, 1 top cryptocurrency before soaring 792%.

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According to Coinbase CEO Brian Armstrong, 1 top cryptocurrency before soaring 792%.

Coinbase CEO Brian Armstrong recently predicted that Bitcoin could hit $1 million in five years.
Bitcoin needs to grow at a rate of 55% per year to achieve this lofty goal.
Institutional adoption is the biggest factor in improving Bitcoin.
10 Best Stocks Ours More Than Bitcoin ›

Many high-profile investors – including ARK Invest’s Cathie Wood and Michael Saylor strategy (NASDAQ: MSTR) – Big things that have been predicted in the future Bitcoin (Encryption: BTC). The consensus among these bulls is that Bitcoin could reach $1 million in the next few years.

The club’s latest addition is Brian Armstrong, CEO of Crypto Exchange Coinbase Global (Nasdaq: Coin). Then is he (and others) right?

Image source: Getty Images.

Armstrong said the biggest reason for staying optimistic about Bitcoin is the high speed of institutional adoption. In short, large institutional investors now choose to allocate their portfolios to Bitcoin. This steady buying pressure will certainly increase the price of Bitcoin over time.

The easiest place to see this buying pressure at work is spot Bitcoin Exchange Trading Funds (ETFs). In less than a year, these spot Bitcoin ETFs have attracted more than $100 billion of investors.

Institutions adopt strategic business models that also come from Bitcoin Treasury companies, all of which are accumulating strategically based on funds raised in the capital market. According to the latest data from BitCoinReasuries.net, these companies hold more than 1 million bitcoins, accounting for about 5% of all bitcoins. Of course, the share of the Lion is a strategy, with the estimated Bitcoin holdings of the strategy being $70 billion.

Meanwhile, the U.S. government is accepting Bitcoin as part of an overall plan to make the U.S. a “crypto capital.” The best evidence is the decision to launch a strategic Bitcoin reserve earlier this year. Although the fund has not yet begun any new Bitcoin purchases, the government believes Bitcoin is a strategic asset worth storing in the future.

Another factor that favors Bitcoin is its inherent scarcity. Bitcoin’s lifetime supply is 21 million coins, which are already in circulation. So we are quickly approaching all the bitcoins that already exist.

As the number of Bitcoin use cases increases, demand for coins will deviate from the charts as more and more institutional investors put it into Bitcoin. Soaring demand combined with fixed supply should lead to higher prices. This helps explain why Bitcoin’s value has soared over the past few years.

So far, so good. The huge appreciation of demand, coupled with the scarcity forced by Bitcoin’s rigidity and invariant algorithms, is a catalyst for price appreciation. Any economics 101 textbook will tell you. This is the supply and demand law at work.

However, this article has only one small problem. Bitcoin has only grown 20% this year, which should have been a long history. Many people think that the price of Bitcoin is easy to double, and by the end of 2025, Bitcoin will range from $100,000 to $200,000.

If you run the numbers, if Bitcoin only grows at 20% per year, you may not be able to reach a $1 million price. Based on the current $114,000 price, with a compound annual growth rate (CAGR) of 20%, it can only bring Bitcoin to $275,000 in five years.

As Armstrong predicts, in order to reach a $1 million price, Bitcoin needs to grow at a CAGR of 55% per year. Given that Bitcoin has shown its ability to increase the triple-digit percentage return over the years, this is certainly possible.

But how likely is it? The CAGR is even higher than the fastest-growing tech companies. Nvidia (NASDAQ: NVDA)For example, in the past five years, it has grown at a compound annual growth rate of 38%.

Currently, the online forecasting market offers Bitcoin a 22% chance to reach $150,000 this year, and only a 5% chance to reach $200,000. The most likely result at the moment (with a 66% chance) is Bitcoin reaching $125,000 by year-end.

Yes, it’s impressive. It will mark another all-time high for Bitcoin. But is it enough to get investors back more in 2026?

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Dominic Basulto has a position in Bitcoin. Motley fool has a place and recommends Bitcoin and NVIDIA. Motley Fool recommends Coinbase Global. Motley Fool has a disclosure policy.

According to Coinbase CEO Brian Armstrong, a high cryptocurrency was initially published by Motley Fool before soaring 792%.