Timothy Peterson anticipates that Bitcoin (BTC) will achieve a value of 1.5 million USD by 2035. This forecast is based on the expansion of the Bitcoin network and the application of Metcalfe’s Law. Peterson projects that BTC will trade at over 15 times its current price by mid-next decade.

Peterson believes traditional monetary models fail to explain Bitcoin’s value dynamics, which can be described using network connectivity laws. Despite recent fluctuations in BTC prices, some analysts maintain a bullish sentiment. The forecast considers both the challenges and opportunities present in the evolving cryptocurrency landscape.