Bitcoin Price Could Surge to Over $4 Million by 2036 on Institutional Demand, Analysts Say
Bitcoin (BTC) could reach between $205,000 in 2025 and up to $4.3 million by 2036 if historical patterns and rapidly growing institutional demand continue, according to analyses from CryptoQuant and researchers Murray Rudd and Dennis Porter. Historically, Bitcoin shows strong price growth tied to four-year halving cycles, with 2025 expected to be particularly bullish following positive years in 2023 and 2024. Long-term data highlight a robust bullish market structure, bolstered by realized cap all-time highs and sustained institutional inflows into U.S. spot Bitcoin ETFs—these saw $1.46 billion in net inflows over five sessions in June 2024. The latest research underscores Bitcoin’s limited liquid supply (approximately 11.2 million BTC), with around 4 million BTC permanently lost, intensifying the possible supply shock as institutional players, including ETFs and governments, accumulate increasingly large amounts. Three institutional growth scenarios are outlined: a conservative estimate targets $2.2 million per BTC by 2036, a bullish scenario reaches $5 million by 2031, and an extreme outcome projects up to $4.3 million if liquidity dries up at a rate of 4,000 BTC per day. Both short-term and long-term trends suggest significant price appreciation potential, especially for institutions or traders who position early. Increasing institutional adoption is likely to drive exponential growth, making strategic timing essential for market participants.
Bullish
Both reports emphasize the historically bullish impact of Bitcoin’s halving cycles and point to accelerating institutional demand, particularly through spot Bitcoin ETFs and potential government acquisition. The fixed and diminishing liquid supply of Bitcoin combined with growing institutional accumulation is set to create a pronounced supply shock, which historically has driven rapid price appreciation. Near-term volatility may persist due to macro factors, but the sustained net ETF inflows and the potential for exponential price increases in longer timeframes signal a strong bullish trend. Late-entrants—especially large institutions—risk being priced out, underlining the urgency for strategic positioning. Traders should expect heightened market activity and upward pressure on BTC price, reinforcing optimistic sentiment both in the short and long term.