Bitcoin is expected to break through $1 million in the next 10 years. This is not an aggressive prediction but an inevitable trend based on supply and demand fundamentals. Looking further ahead to 2046, surpassing $21 million is also not a pipe dream—key is understanding the threefold logic behind it.

**Mathematical inevitability of supply and demand imbalance**

The total supply of Bitcoin is permanently fixed at 21 million coins, an unchangeable fact at the protocol level. What about the supply side? It decreases every four years through halving events. After the April 2024 halving, the block reward will drop from 6.25 to 3.125 coins, meaning fewer coins are mined over time.

On the demand side? It’s exploding. MicroStrategy has accumulated 200,000 coins in one go, and publicly listed companies like Tesla and Morgan Stanley are continuously increasing their holdings. Sovereign funds such as Norway’s Oil Fund and Saudi Arabia’s Public Investment Fund (PIF) are also quietly entering the market. The most explosive development was in August this year, when a country’s regulatory authority approved new rules allowing 401(k) pension plans to include Bitcoin in their portfolios, indicating potential trillions of dollars in capital ready to flow in.

On one side, supply is linearly decreasing; on the other, demand is growing exponentially—this divergence will eventually close.

**The real gap between costs and prices**

Leading global Bitcoin mining companies leverage cheap electricity from North American shale gas fields (costs below $0.03 per kWh) and scale mining operations, producing about 3% of the world’s Bitcoin daily. However, their cost per coin is roughly around $30,000.

Compare this with the current market price—this cost structure means that even with short-term market fluctuations, there is enough support. As demand continues to rise, the price surpassing costs is only a matter of time.

In simple terms: Bitcoin is the world’s scarcest asset. Buying and holding long-term is the only reliable strategy.