Bitcoin could hit $1 million in 5 years amid rising institutional interest and AI mining trends.

Matthew Sigel of VanEck predicts Bitcoin may reach $1 million per coin by 2031, driven by demographic shifts and its growing role as a central bank reserve asset. Despite recent price dips, Sigel sees current gains as macro-driven and not a bubble, warning of volatility ahead. The integration of AI with Bitcoin mining is a key focus for VanEck, aiming to stabilize price swings. Other bullish forecasts include Cathie Wood's $1.2 million target by 2030 and Michael Saylor's $10 million prediction based on Bitcoin as a digital credit collateral.