Bitcoin’s potential for exponential growth and its evolving appeal to investors took center stage in a recent conversation.
Roundtable anchor, Rob Nelson, joined Armando Pantoja, Futurist & Founder at Quant Index, to discuss the cryptocurrency’s future price trajectory, historical performance, and the role of smaller denominations in driving adoption.
Rob Nelson expressed a bullish view on bitcoin's trajectory, stating, “I actually think I have underestimated what bitcoin will do in the next year.” He suggested that, based on previous halving cycles, bitcoin could potentially reach $150,000 to $200,000 by the end of next year and speculated it might even surpass a million dollars. “It’s not crazy to think bitcoin would rocket past a million,” he added.
Armando Pantoja agreed with the possibility of bitcoin hitting a million but emphasized the uncertainty of the timeline. “Maybe in this cycle, maybe not, but a million is almost inevitable,” he said. Pantoja highlighted historical trends, noting bitcoin’s dramatic growth in 2017, and suggested a more tempered pace moving forward. “It could happen again, but I don’t think it will be that dramatic because derivatives and ETFs tend to bring down volatility.”
Both speakers acknowledged bitcoin's significant potential over the next decade. “A 10x from here in the next five to ten years is not outside of what’s capable of bitcoin,” Pantoja said. However, he argued against bitcoin ever being priced at ten million or more due to future shifts in how it’s denominated. “We’ll denominate bitcoin at lower amounts, like micro bitcoins or Satoshis. That’s the key,” he explained.
Pantoja further elaborated on the appeal of lower denominations, likening it to a stock split. “People buy more stocks when they’re lower priced, regardless of the economics,” he remarked. He suggested that pricing bitcoin in smaller units could make it more accessible and attractive to retail investors, potentially paving the way for broader adoption.