{"id":8922,"date":"2025-08-26T18:34:09","date_gmt":"2025-08-26T18:34:09","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-price-could-hit-1m-chainlink-founder-says\/"},"modified":"2025-08-26T18:34:20","modified_gmt":"2025-08-26T18:34:20","slug":"bitcoin-price-could-hit-1m-chainlink-founder-says","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-price-could-hit-1m-chainlink-founder-says\/","title":{"rendered":"Bitcoin price could hit $1m, Chainlink founder says"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin price continued its recent crash today, Aug. 26, reaching its lowest level since July 10.<\/p>\n<div id=\"cn-block-summary-block_5d06f44d72dc535637f7ac4e94bf4e61\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Sergey Nazarov believes that Bitcoin price has a strong path to $1 million over time.<\/li>\n<li>He sees the ongoing adoption by pension funds, hedge funds, and family offices as the next major catalyst\u00a0\u00a0<\/li>\n<li>Other top analysts believe that the BTC price will continue rising over time.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Bitcoin (BTC) has entered a correction after falling 11% from its year-to-date high. Still, Sergey Nazarov, the founder of Chainlink (LINK), the $16 billion coin, believes that it can jump to $1 million over time.<\/p>\n<h2 class=\"wp-block-heading\">Chainlink\u2019s founder delivers a bold Bitcoin price prediction<\/h2>\n<p>In a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/CoinDesk\/status\/1960372154798641482\">CoinDesk interview<\/a>, Nazarov became the latest major player to predict that Bitcoin price will jump to $1 million. With BTC trading at $109,000, it needs to jump by 817% to reach that target.<\/p>\n<p>Such a move would push its fully diluted valuation to $21 trillion, which is lower than gold\u2019s valuation of $23 trillion.\u00a0<\/p>\n<p>Nazarov believes that the main catalyst for the next move to $1 million will be accumulation by sovereign wealth funds, family offices, and pension funds. He estimates that these funds may allocate at least 5% of their assets to crypto.<\/p>\n<p>Nazarov joins other popular individuals who have delivered bold Bitcoin price predictions. For example, Cardano\u2019s Charles Hoskinson believes that it can jump to between $250,000 and $500,000 in the next 12 to 24 months, citing the rising crypto adoption, regulatory clarity, including the CLARITY Act, and Bitcoin DeFi adoption.<\/p>\n<p>Standard Chartered sees BTC price rising to $200,000 by the end of the year and $500,000 by the end of 2028. BlackRock sees it rising to $700,000, while Ark Invest believes it can get to $2.4 million by 2030.<\/p>\n<p>The main catalyst for the Bitcoin price surge is the ongoing global adoption, as evidenced by rising exchange-traded fund inflows and Bitcoin treasury companies. At the same time, the supply of Bitcoin on exchanges has dropped to the lowest level in years.<\/p>\n<h2 class=\"wp-block-heading\">Technicals suggest BTC price could drop before rebounding\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">BTC price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>While the long-term Bitcoin price forecast is bullish, there is a likelihood that it will have some short-term volatility as it has done in the past.<\/p>\n<p>The weekly chart shows that it has been forming a rising wedge pattern since March 2024, with the two trendlines nearing their confluence.<\/p>\n<p>At the same time, the coin has formed bearish divergence patterns as top oscillators like the MACD and the Relative Strength Index have continued moving downward.<\/p>\n<p>Therefore, the coin could crash below $100,000, and possibly to the 100-week moving average at $79,186, and then resume the uptrend over time.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price continued its recent crash today, Aug. 26, reaching its lowest level since July 10. Summary Sergey Nazarov believes that Bitcoin price has a strong path to $1 million&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6703,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8922"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8922\/revisions"}],"predecessor-version":[{"id":8923,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8922\/revisions\/8923"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/6703"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}