Bitcoin At $10 Million? Adviser Claims Doubters Still Won’t Believe It Even When It Happens

Bitcoin's astronomical price prediction hits Wall Street—and still gets dismissed by traditional finance skeptics.

The $10 Million Threshold

One financial adviser's bold forecast pushes Bitcoin's potential valuation into uncharted territory, suggesting a future where today's prices look like pocket change. Yet despite the staggering number, critics remain unconvinced—proving some would deny a tidal wave even while drowning in it.

Market Psychology Meets Hard Reality

Institutional adoption accelerates while retail sentiment swings between euphoria and disbelief. The adviser argues that even concrete proof—a verified $10 million BTC price—wouldn't sway hardened doubters, highlighting how deeply financial dogma runs. Wall Street's resistance to crypto continues, almost like they're protecting spreadsheets from the inevitable.

Future-Proof or Fool's Gold?

As blockchain infrastructure expands and global liquidity searches for non-sovereign assets, Bitcoin's case strengthens. Yet traditional portfolios still treat it like a fringe experiment—classic finance, always fighting the last war instead of preparing for the next one.

Skepticism Will Likely Persist

According to Luke Broyles, a commentator known as The bitcoin Adviser, doubt about bitcoin’s upside will probably stick around even if prices soar.

Broyles told Natalie Brunell on the Coin Stories podcast that he expects bitcoin to reach $5 million, $10 million or more, and that people will still insist it can’t go any higher.

He said this is not just a market problem. It is a mindset problem.

Psychology Trumps Tech For Many People

Broyles argued that most people have not yet connected bitcoin to things that change daily life. “I think it’s going to be that way for a very long time,” he said.

Adoption, he suggested, will advance faster when bitcoin is tied to familiar financial decisions rather than presented as a small, optional investment to chip away at over months.

That, he said, is what will convince larger groups of people to take it seriously.

Broyles offered a practical example. He asked whether it WOULD be easier to persuade someone to buy small amounts of bitcoin for 200 months, or to tell them they could refinance a home and convert some equity into bitcoin.

He said the latter would “blow people’s minds.” Reports have disclosed that blending bitcoin with mortgage and loan products could make the asset feel more useful, not just speculative.

According to an August 2024 survey by Australian exchange Swyftx, over 40% of nearly 2,230 respondents said they had not used crypto because they were not sure about it.

That finding underscores a persistent gap between market moves and mainstream comfort. Price records are visible and headline-grabbing. Practical familiarity is slower to arrive.

History shows critics have questioned Bitcoin at each new high and during every correction. At times when prices tumbled, some commentators said it was over for good.

Those views faded when the market recovered. That pattern has been repeated many times and was noted again in recent comments from market watchers.

Featured image from Unsplash, chart from TradingView