Renowned Economist Nik Bhatia: “Bitcoin Will Reach $1 Million Sooner Than Expected”

Nik Bhatia, a well-known figure in the financial world, appeared on Michaël van de Poppe’s program and made important statements about Bitcoin’s current market cycle, global liquidity conditions, and long-term future. Bhatia argued that despite short-term fluctuations, Bitcoin’s status as “digital gold” is being reinforced day by day.

Nik Bhatia believes the worst is over in the Bitcoin market. He specifically described the price movements in January and February as a phase of “capitulation,” stating, “I think Bitcoin has hit bottom. While this doesn’t mean we’re in a bull market yet, it’s a sign that the bear market is over.”

Sharing his long-term predictions, Bhatia foresees Bitcoin reaching seven-figure numbers within the next decade. “I believe Bitcoin will surpass $1 million in the 2030s,” said Bhatia, adding that a new peak of $130,000 for Bitcoin within the next 18 months would confirm this journey.

Bhatia also touched upon the classic “4-year halving cycle” theory, stating that this thesis is no longer the main scenario. Referring to his work with mathematician Dr. Steven Perrenod, he indicated that cycles can now be spread over a wider period of time.

*This is not investment advice.