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Key Takeaways
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Prominent investors are reinforcing long-term forecasts that see Bitcoin reaching $1 million.
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Prediction markets show traders increasingly believe Bitcoin could outperform gold and the S&P 500 as early as 2026.
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Despite bullish long-term sentiment, analysts warn that weakened technical indicators could expose Bitcoin to further downside.
Bitcoin bulls are growing increasingly vocal, with investors and traders betting that the cryptocurrency will outperform traditional assets both in the near term and over the next decade.
That long-term conviction was underscored on Christmas Day when investor Mike Alfred posted on X that he was staking both his reputation and his Bitcoin holdings on the asset’s future.
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 forecast, Alfred said he would sell his entire Bitcoin portfolio and delete his X account if Bitcoin’s price does not reach $1 million by Dec. 31, 2033.
“You only live once, and I think it’s important to take a stand, believe in something, and put your money where your mouth is,” Alfred wrote.
to silver this week,Some investors are ‘putting their money where their mouth is.’Days later, Alfred reiterated his optimism, arguing that much of the recent selling pressure had already played out.
In a Dec. 27 post, he claimed that traders he described as “the worst” he knows had shifted into silver and sold their Bitcoin positions.
“What happens next will be obvious to anyone who isn’t a vegetable,” he added.
Alfred’s comments align with a broader wave of optimistic Bitcoin price predictions from prominent figures in the crypto industry.
Fundstrat’s Tom Lee has repeatedly projected that Bitcoin could rise above $200,000 over the long term, citing easing financial conditions and growing demand as key drivers.
Meanwhile, Michael Saylor, executive chairman of Strategy, has long-argued that Bitcoin’s price could eventually exceed $1 million.
Samson Mow, CEO of Pixelmatic, has also long supported the $1 million Bitcoin thesis.
“Since getting into Bitcoin, what I’ve consistently found is that everything always happens faster than I expect,” Mow wrote in a March post on X.
While Mow has said his internal models point to Bitcoin reaching $1 million by 2031, he has also suggested the milestone could arrive sooner.
Bullish sentiment is not limited to long-term projections.
On Polymarket, traders are placing real-money bets that Bitcoin will outperform traditional assets as early as 2026.
Current odds give Bitcoin roughly a 40% chance of outperforming both gold and the S&P 500 that year.
By comparison, traders assign a 32% chance to gold and a 27% chance to the S&P 500.
However, not all indicators support a bullish outlook in the near term.
Some analysts warn that Bitcoin’s technical structure has weakened, which complicates the prospects for a swift recovery.
Victor Olanrewaju, an analyst at CCN, said Bitcoin has broken down from a key bullish pattern 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 a rising wedge pattern, a development that typically favors further downside rather than continuation.
Momentum indicators are also reinforcing the bearish signal. The Moving Average Convergence Divergence (MACD) has printed a bearish crossover on the higher timeframe.
“That crossover reinforces the view that selling pressure is gaining traction,” Olanrewaju said.
With Bitcoin now trading below a former support zone, he noted that a rebound could struggle to gain momentum. A retest of resistance near $96,792 may prove difficult, and failure to reclaim that level could expose the market to deeper losses.
“If buyers fail to reclaim that area, downside risk increases, with $78,596 emerging as the next key support zone,” he said.
Still, Olanrewaju emphasized that the setup is not conclusive.
A strong resurgence in demand, particularly if accompanied by higher trading volumes, could invalidate the bearish breakdown.
“A surge in demand backed by more substantial volume could reopen the path toward the $100,000 psychological level,” he said.
The post Bitcoin Price Will Surge to $1M By 2033, Says Investor, Predictions Claim It Will Beat S&P 500 in 2026 appeared first on ccn.com.
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