News 
December 19, 2024 
3 min. 
A recent study by Dr. Murray A. Rudd and Dennis Porter of Satoshi Action Education suggests Bitcoin price could surpass $1 million by January 2027. Their research looks at Bitcoin’s fixed supply, growing adoption, and strategic reserves to predict price movements after the next halving.
Bitcoin Could Hit $1 Million by 2027: A New Supply-Demand Model
The model combines basic economic principles with Bitcoin’s unique characteristics. It examines how rising demand and shrinking liquidity could push prices higher. Key factors include institutional buying, long-term holding, and daily withdrawals of Bitcoin from exchanges. Even modest increases in these behaviors could drive prices toward seven figures within three years.
In scenarios where adoption grows rapidly and Bitcoin reserves increase, prices could exceed $1 million by early 2027. If these trends accelerate further, the model suggests Bitcoin could hit $2 million by 2028 and even higher levels in the 2030s.
A Forward-Looking Approach to BTC Valuation
Unlike traditional models based on historical trends, this framework looks ahead. It treats Bitcoin as a commodity with a hard cap of 21 million coins and focuses on how structural changes in demand and strategic accumulation could impact its value.
BTC fixed supply means rising demand can’t be offset by creating more coins, which could lead to significant price jumps and volatility. This method stands apart from energy or network-based models, offering a clearer view of how scarcity and adoption interact over time.
The study has practical uses for investors, fund managers, and policymakers. By experimenting with different scenarios, decision-makers can adjust strategies as market trends evolve. For example, companies like MicroStrategy use creative methods, such as expanding credit, to acquire Bitcoin. Governments are also exploring the idea of holding Bitcoin reserves.
Other models, like power-law approaches, have also predicted Bitcoin reaching seven figures in the same timeframe. These similarities give further credibility to using supply-and-demand dynamics to analyze Bitcoin’s future. As adoption grows and liquidity tightens, this model could become a key tool for understanding Bitcoin’s long-term potential.
