Bitwise CEO Hunter Horsley forecasts Bitcoin could reach between $1.3 million and $1.5 million, a scenario expected to significantly reduce sell-offs from early investors and accelerate price momentum through tightening supply and heightened demand.
At current prices hovering around $100,000, some early adopters continue to liquidate portions of their holdings. However, this selling pressure is anticipated to diminish as Bitcoin appreciates toward Horsley’s projected valuation range.
Elevated price levels may shift investor behavior toward borrowing against Bitcoin holdings for liquidity needs rather than outright selling. This transition would further constrict available supply while amplifying demand-driven upward price pressure.
The projection highlights Bitcoin’s evolving market dynamics as institutional adoption progresses, reflecting maturation in how participants interact with the cryptocurrency amid sustained appreciation cycles.