Bitcoin Could Hit $1 Million by 2030, Tech CEO Predicts

Daniel Roberts, founder and CEO of publicly-listed Wall Street Bitcoin miner IREN (NASDAQ: IREN), argues that Bitcoin's superior characteristics as a digital

Bitcoin (BTC) price could reach an unprecedented milestone of $1 million per coin by 2030, potentially matching gold's current market capitalization of $19.3 trillion, according to a bold prediction from a prominent tech executive.

Bitcoin Could Hit $1 Million by 2030, Tech CEO Predicts

Daniel Roberts, founder and CEO of publicly-listed Wall Street Bitcoin miner IREN (NASDAQ: IREN), argues that Bitcoin's superior characteristics as a digital store of value, combined with increasing institutional adoption, could drive the cryptocurrency's value to new heights.

“If you consider Bitcoin’s historical price trajectory, I'd be surprised if we're not at a $1 million by 2030 given the traction of ETFs and institutional buying now,” Roberts forecasted, quoted by Livewire Markets.

The cryptocurrency, currently trading around $100,000, has already posted a 120% gain over the past year, outperforming traditional assets as Wall Street giants increasingly embrace digital currencies.

Why Bitcoin Could Leave Gold in the Dust

Roberts, a former Macquarie banker, also draws a stark comparison between Bitcoin and gold, likening the relationship to "digital versus analog" or "Netflix versus Blockbuster."

“Bitcoin's better at being gold, than gold is,” Richardson stated. “It’s scarcer, easier to transfer, and easier to divide. So, all those characteristics that give gold value, Bitcoin is objectively better at.”

Meanwhile, gold recently reached a record high of $2,840 per ounce, driven by inflationary concerns and increased physical demand, as evidenced by record COMEX futures trading volumes for February 2025.

IREN vs. Bitcoin

Richardson’s company, IREN, which operates data centers for Bitcoin mining and AI services, has attracted investments from major financial institutions including Fidelity, Invesco, and Citadel.

Although mining company stocks are considered an indirect exposure to Bitcoin for investors, the shares of the former Iris Energy have not surged as dynamically as the world's oldest cryptocurrency. In 2024, they gained 37%, but currently, they are up by just under 13%.

IREN, like the entire cryptocurrency industry, is facing challenges. Record-high BTC prices come with rapidly increasing mining difficulty, driving up the cost of producing a single Bitcoin. Companies are able to mine less due to the rising hash rate, while higher maintenance costs eat into their margins.

IREN’s struggles became evident in mid-2023 when the company reported a $29 million loss. While this marked a sixfold reduction in debt from the $172 million reported a year earlier, it highlights the difficulties of the crypto mining business.

In response, the company has decided to join the growing AI trend by repurposing its data centers to support high-performance computing. However, it has faced a class-action lawsuit alleging that it misrepresented its capabilities and future prospects to investors.