Bitcoin (BTC) could eventually reach $1 million per coin, according to crypto industry veteran Michael Terpin.
Speaking on the David Lin show at the conclusion of the Consensus Miami conference, Terpin, founder and CEO of Transform Ventures and widely known as the “Godfather of Crypto,” reaffirmed his long-standing prediction that Bitcoin remains on a path toward seven-figure valuations despite ongoing market volatility.
“I have no change in the progress to a million-dollar Bitcoin,” Terpin said when asked whether he still stood by a forecast he previously outlined for Bitcoin to reach $1 million by 2033.
His comments come as Bitcoin continues to experience significant price swings following its rally to an all-time high of approximately $126,000 last year. While many investors remain focused on short-term price movements, Terpin argued that a structural shift in demand is taking place behind the scenes.
According to Terpin, one of the biggest changes in the Bitcoin market over the past year has been the emergence of Strategy’s latest capital-raising vehicle, STRC, which has significantly increased the firm’s ability to accumulate Bitcoin.
 
Notably, the CEO revealed that Saylor recently shared an ambitious vision for expanding Bitcoin purchases during a private investor session at the Bitcoin Conference in Las Vegas.
“I saw him at the Bitcoin conference just this last week in Las Vegas,” Terpin said. “He said pretty much his thesis is to get to $10 billion dollars a month and then to $100 billion and then to a trillion and then to $10 trillion.”
While Terpin acknowledged that some of those targets may be difficult to achieve, he believes the company’s purchasing power is already large enough to influence Bitcoin’s long-term market structure.
“I don’t know if he’s ever going to get to $10 trillion, but he’s certainly going to get to $10 billion pretty quickly,” he added.
He further noted that if Bitcoin were to experience a sharp correction, Saylor would likely increase purchases aggressively, helping absorb selling pressure.
Terpin also argued that the Bitcoin market is gradually transitioning away from being dominated by individual whales and toward a structure increasingly influenced by institutions.
“I don’t think the percentage of whales is going up. I think the percentage of institutions is going up,” he said.
The combination of corporate treasury adoption, Bitcoin ETFs, and long-term institutional holders could reduce panic selling during downturns and support higher valuations over time.
Although Terpin remains bullish on Bitcoin’s long-term prospects, he acknowledged short-term risks.
His fund currently maintains a cautious outlook and believes there is still a possibility that Bitcoin will revisit lower price levels before the next sustained rally begins.
“We think we’re pretty confident about 2-to-1 odds that we are going lower,” he said, adding that a move back toward the $50,000-$60,000 range would not surprise him.
Terpin is not alone in forecasting a seven-figure Bitcoin price. Earlier this month, Lightspark CEO David Marcus echoed a similar outlook during an appearance on CNBC.
“The interesting thing about the price of Bitcoin is that it ebbs and flows, but over the very long run, it always trends in the same direction,” Marcus said.
“Over the very long term, this thing should be worth over a million dollars or more,” he added.
Marcus, the former PayPal president and Meta executive, has argued that Bitcoin’s fixed supply gives it a significant advantage over traditional stores of value such as gold.
At press time, BTC was trading at $73,509, reflecting a 0.52% drop in the past 24 hours.
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