Foreign media report that Alex Svanevik, co-founder and CEO of Nansen, believes a $1 million price for Bitcoin by 2030 is a plausible scenario, but not a guaranteed outcome. He argues that Bitcoin’s long-term trajectory depends more on global liquidity, government spending, and monetary expansion than on any single market news event.
The basis for judgment points to monetary expansion.
Svanevik believes that Bitcoin's core characteristic remains its well-defined supply cap. In an environment where fiat currency supply continues to increase, scarce assets are more likely to attract capital attention. He noted that Bitcoin has typically exhibited a pattern of "higher highs and higher lows" over previous cycles, with a significant upward movement occurring approximately every four years.
He also noted that the long-term pricing of Bitcoin is more dependent on changes in broad liquidity. If funds continue to increase in global markets, the central price level of Bitcoin may rise accordingly. According to this logic, the $1 million target is not driven by a single catalyst, but rather built upon a backdrop of long-term monetary expansion.
Crypto.news notes that market predictions for Bitcoin's price in 2030 vary widely. Previously compiled forecasts by the outlet mostly fall between $250,000 and $500,000, with ARK Invest’s optimistic scenario projecting $1.5 million and its base case around $700,000.
The $60,000 bottom claim remains controversial
In addition to the 2030 target, Svanevik stated that he personally does not believe Bitcoin will fall below $60,000 in the future, viewing this level as a long-term bottom.
However, the article notes that this assessment does not fully align with recent market performance. Bitcoin briefly fell below $60,000 in February 2026 and approached this level again during heightened volatility in June. In early August, BTC also dropped to around $62,556 due to ETF outflows, market safety concerns, and uncertainty surrounding U.S. cryptocurrency legislation.
Experienced trader Peter Brandt offered a more cautious view on the same range. On August 10, he stated that if Bitcoin fails to reclaim the key resistance level, the price could still decline toward $58,000. However, this is merely a technical analysis based on chart patterns, not an executed trading decision.
U.S. ETF fund flows continue to fluctuate
Svanevik believes the trend of Bitcoin entering more retail and institutional portfolios is already evident in U.S. spot Bitcoin ETFs. These products allow investors to gain exposure through brokerage and retirement accounts without having to hold private keys directly.
However, ETF funds have not consistently flowed in one direction. The article shows that in late May 2026, U.S. spot Bitcoin ETFs experienced nine consecutive trading days of net outflows, totaling approximately $2.8 billion, with BlackRock’s iShares Bitcoin Trust accounting for about $2.04 billion. The total net outflow for the entire month of May amounted to approximately $2.43 billion.
Subsequently, market liquidity improved. Over the five trading days ending the week of August 7, U.S.-listed Bitcoin ETFs attracted over $850 million in net inflows, marking their strongest weekly performance since April. The article suggests this demonstrates that regulated investment vehicles can amplify buying pressure when capital flows in, while also generating selling pressure when redemptions increase.
Institutional disclosure filings also show that several U.S. advisory firms are incorporating bitcoin products into their portfolios. Clear Creek Financial Management disclosed in its latest 13F filing that it holds three bitcoin ETFs, with a combined value of approximately $10.4 million, including about $9.69 million in Bitwise BITB.
Overall, the article argues that whether Bitcoin can reach $1 million by the end of this decade still depends on whether the monetary environment, institutional demand, and market liquidity continue to align. According to the article’s calculations, if Bitcoin reaches this level, its fully diluted market capitalization would approach $21 trillion.