The possibility of Bitcoin reaching $1 million is being increasingly discussed in the markets. Analysts claim that, based on Dogecoin’s performance in past bullish markets, it carries a higher potential for a rise compared to Bitcoin.

Bitcoin is predicted to reach $1 million by the year 2030. However, according to Bernstein’s analysis, Bitcoin may not reach this level until the year 2033. If Bitcoin reaches such levels, the market value of the leading cryptocurrency could surpass $20 trillion, leaving behind the total value of today’s gold market. Dogecoin (DOGE), which has long been moving speculatively in the cryptocurrency market, continues to be positioned in investors’ eyes as an alternative to Bitcoin or even a sort of wildcard. DOGE, often accompanying the rising waves of Bitcoin’s price, is once again attracting investors’ attention with community support and market excitement. While analysts focus on the possibility of Bitcoin reaching a valuation of $1 million within the next ten years, speculations about Dogecoin’s potential peak are also increasing. Could Bitcoin reach $1 million? The current price of Bitcoin hovering around $96,000-97,000 and predictions from some experts that it could reach much higher levels in the coming years are creating a great expectation in the markets. Additionally, the positive outlook of known supporters of digital currencies, especially Bitcoin, like Donald Trump being re-elected as president in the U.S., has further increased positive expectations towards the leading cryptocurrency. Reflecting these positive expectations, two experienced businessmen – Jack Dorsey and Robert Kiyosaki, the founder and CEO of IREN, a publicly-traded Wall Street Bitcoin mining company, Daniel Roberts, point out the growing interest of institutional investors in Bitcoin, emphasizing the increasing importance of digital assets as a store of value. According to Roberts, the demand for Bitcoin ETFs and large corporations starting to add BTC to their portfolios could lead to the price reaching record levels in the coming years. Speaking to Livewire Markets based in Australia, Roberts stated, “Considering the historical price trend of Bitcoin and the momentum in institutional investments, it would surprise me if we don’t reach $1 million by 2030.” The connection between Bitcoin and Dogecoin If Bitcoin reaches $1 million, a widespread rally in the cryptocurrency market is predicted. Historical data shows that when Bitcoin rises, altcoin markets record even higher percentage increases. Based on this data, Dogecoin, one of the most popular altcoins in the market, is suggested to have the potential to rise at a much higher rate than Bitcoin. Supporting the past data, Dogecoin has performed better than Bitcoin in past bullish markets. For instance, while Bitcoin increased by over 100% last year, Dogecoin saw an increase of over 200%. If a similar trend continues, it is believed that Dogecoin could provide higher returns compared to Bitcoin in a new bullish run. Is a new rally possible for Dogecoin? The price increases of Bitcoin continue to serve as a catalyst for popular altcoins like Dogecoin. The general belief in the market is that if Bitcoin, currently at around $97,000, were to rise by 900% to reach $1 million, Dogecoin could show a much higher rate of increase. However, it should not be forgotten that the price movements of Dogecoin are largely dependent on community interest and market sensitivity. Considering that in 2021, the value of DOGE skyrocketed with tweets from Elon Musk, it is believed that similar social media influences could steer its price in the future. While making a precise prediction about the levels Bitcoin will reach in the coming years is difficult, speculative assets like Dogecoin continue to attract investors with the possibility of significant gains.