Bitcoin Price Will Hit $1 Million By 2033, Investor Says, Predictions Claim It Will Beat S&P 500 In 2026

Key takeaways

• Prominent investors are boosting their long-term predictions that Bitcoin could hit $1 million.

• Prediction markets show traders increasingly believe Bitcoin could outperform gold and the S&P 500 as early as 2026.

• Despite long-term bullish sentiment, analysts warn that weakening technical indicators could expose Bitcoin to further declines.

Bitcoin bulls are becoming increasingly vocal, with investors and traders betting that the cryptocurrency will outperform traditional assets both in the near term and over the next decade.

This long-term belief was underlined on Christmas Day when investor Mike Alfred posted on X that he was putting both his reputation and his Bitcoin holdings on the future of the asset.

Mike Alfred, a well-known investor recognized for his long-standing bullish stance on Bitcoin, went further than usual in a Christmas Day post.

Rather than simply sharing a prediction, Alfred said he would sell his entire Bitcoin portfolio and delete his X account if the price of Bitcoin did not reach $1 million by December 31, 2033.

“You only live once, and I think it’s important to take a stand, to believe in something and to put your money where your mouth is,” Alfred wrote.

to money this week, some investors are “walking their talk”. A few days later, Alfred reiterated his optimism, arguing that much of the recent selling pressure had already manifested itself.

In a December 27 article, he claimed that traders he describes as “the worst” he knows had turned to cash and sold their Bitcoin positions.

“What happens next will be obvious to anyone who is not a vegetable,” he added.

Alfred’s comments align with a broader wave of optimistic Bitcoin price predictions from prominent figures in the crypto industry.

Tom Lee of Fundstrat has repeatedly projected that Bitcoin could surpass $200,000 in the long term, citing easing financial conditions and growing demand as the main drivers.

Meanwhile, Michael Saylor, executive chairman of Strategy, has long argued that the price of Bitcoin could eventually exceed $1 million.

Samson Mow, CEO of Pixelmatic, has also long supported the $1 million Bitcoin thesis.

“Since I started Bitcoin, what I have consistently noticed is that everything always happens faster than expected,” Mow wrote in a March article on X.

Although Mow said that its internal models indicate that Bitcoin would reach $1 million by 2031, it also suggested that this milestone could come sooner.

Bullish sentiment is not limited to long-term projections.

On Polymarket, traders are betting real money that Bitcoin will outperform traditional assets as early as 2026.

Current odds give Bitcoin about a 40% chance of outperforming gold and the S&P 500 that year.

For comparison, traders give gold a 32% chance and the S&P 500 a 27% chance.

However, not all indicators support a bullish outlook in the short term.

Some analysts warn that Bitcoin’s technical structure has weakened, complicating prospects for a rapid recovery.

Victor Olanrewaju, an analyst at CCN, said Bitcoin has broken down from a key uptrend on the weekly chart – a move that historically increases downside risk.

“On the weekly chart, Bitcoin’s structure has weakened, making a near-term recovery less straightforward,” Olanrewaju said.

He added that Bitcoin has fallen below the lower boundary of an ascending wedge pattern, a development that generally favors further decline rather than continuation.

Momentum indicators also reinforce the bearish signal. The Moving Average Convergence Divergence (MACD) printed a bearish cross on the higher time frame.

“This crossover reinforces the idea that selling pressure is gaining ground,” Olanrewaju said.

With Bitcoin now trading below a former support zone, he noted that a rebound may struggle to gain momentum. A retest of resistance near $96,792 could prove difficult, and failure to reclaim this level could expose the market to greater losses.

“If buyers fail to reclaim this area, downside risk increases, with $78,596 becoming the next key support area,” he said.

Olanrewaju nevertheless stressed that this configuration was not conclusive.

A strong resurgence in demand, particularly if accompanied by an increase in trading volumes, could invalidate the bearish breakout.

“An increase in demand supported by higher volume could reopen the path towards the psychological level of $100,000,” he said.

Bitcoin Price Will Hit $1 Million By 2033, Investor Says, Predictions Claim It Will Beat S&P 500 In 2026 appeared first on ccn.com.