Bitcoin may change the entire financial world: 100X in the near future?

In the crypto world, predictions about the growth of Bitcoin always draw strong attention from investors and experts. Recently, Brad Mills, one of the Bitcoin maximalists, made an optimistic forecast that the Bitcoin market is in the early stages of a long-term growth cycle, referred to as the "SaylorCycle." According to him, this cycle will last for decades, thanks to the strong influence of Michael Saylor, the founder of Strategy, along with several other notable macro factors.

SaylorCycle – Sustainable Growth Cycle

Brad Mills believes that one of the biggest drivers for Bitcoin entering a long term growth cycle is the transformation from an "illegal asset" to a "must-have asset" in the eyes of corporations and nations. This transformation is clearly reflected in specific actions, such as El Salvador holding 6,209 BTC, or Michael Saylor's vision of a $200 trillion economy, with Bitcoin as an essential part.

According to Mills, major countries and corporations will hoard Bitcoin as part of their treasury and strategic reserves, thanks to its scarcity and ability to protect assets in the context of inflation and financial instability. He emphasized that Bitcoin could increase in price up to 100 times within the next 10-20 years, with a forecasted price that could reach 10 million dollars per Bitcoin.

Availability and supply-demand model

Brad Mills' growth forecast is based on one key factor: the limited supply of Bitcoin. Only 21 million Bitcoins can be mined, and each halving reduces the amount of new Bitcoin issued by half, creating a scarcity. Coupled with this is the increasing demand from institutional investors and payment platforms. For example, in 2026, Square will implement payments supported by the Lightning Network, helping to reduce transaction fees and promote the use of Bitcoin.

Another factor contributing to this growth is the development of Chaumian eCash issuers, such as CashuBTC, which enable retail savings with highly secure transactions. These companies will help increase consumer exposure to Bitcoin and encourage them to accumulate Bitcoin, also known as "sats" – a small unit of Bitcoin.

Contrasting views from Adam Back

Although Brad Mills believes in the strong long term growth of Bitcoin, some industry experts offer contrasting views. The CEO of Blockstream, Adam Back, argues that Bitcoin is currently in a transitional phase and could break the traditional parabolic uptrend model. Back predicts that Bitcoin may experience a stronger price increase, not based on the halving cycle and traditional profit reductions, but due to the increased widespread adoption and reduced market volatility.

This idea challenges models like Stock-to-Flow (S2F), which have been widely used to predict Bitcoin prices in previous cycles. According to Back, Bitcoin may enter a phase of explosive growth, especially as more organizations and countries view it as an important treasury asset.

Bitcoin Reserve Fund: A New Macro Force?

Veteran trader Peter Brandt's recent predictions of a 75% Bitcoin price drop, similar to the 2022 slump, have been met with skepticism from some analysts, including Pav Hundal. Mr. Hundal said that Bitcoin is now strongly supported by increasing adoption from institutions, which was not achieved in the context of the market in 2021. This view further strengthens Brad Mills' theory of reducing Bitcoin's volatility in the future.

One notable factor that could change the dynamics of the Bitcoin market is the US government's steps to establish the Strategic Bitcoin Reserve Fund. Senator Cynthia Lummis' Bitcoin Reserve Act, backed by President Trump's executive order in March 2025, launched a reserve fund consisting of 200,000 BTC, seized from past criminal cases. While the move didn't have an immediate impact on supply because BTC was already in custody, it did mark a marked shift in policy: the U.S. intends to hold Bitcoin as a long-term strategic asset, rather than sell it.

This executive order also allows for flexible reserve expansion methods, including asset swaps or sovereign mining, with the aim of not relying on taxpayer budgets. This is a clear indication of a long-term commitment to Bitcoin by the U.S. government.

Chris Dunn, a veteran investor, believes that these developments could mitigate the impact of internal factors affecting Bitcoin's price, such as the halving cycle, shifting the focus to external macroeconomic factors. If more and more countries adopt similar reserves, Bitcoin could evolve into a global strategic asset, on par with gold and U.S. Treasuries. This is a point that aligns with the "SaylorCycle" predicted by Brad Mills, a long-term growth cycle driven by the acceptance of institutions and nations.

Brad Mills' prediction about the strong growth of Bitcoin in the future is not only based on technical factors but also reflects a major shift in how countries and organizations perceive Bitcoin. The emergence of Bitcoin reserve funds and the increasing adoption of Bitcoin payment platforms could create a powerful bullish wave. However, like all financial forecasts, the success of Bitcoin in the future still depends on many factors, including clarity in regulations and sustainable demand from institutional investors.

However, with the steady steps of large organizations and governments, along with the supply-demand model of Bitcoin, the prospect of a bright future for Bitcoin is not too far-fetched.

Emma