Research model points to $1M Bitcoin by 2027

New academic research reportedly models a path for $BTC to reach $1 million by early 2027 if current demand levels continue.
The same framework also points to a potential $5 million Bitcoin price by 2031 under sustained demand growth.
That is an extremely aggressive long-term projection, but it highlights how sensitive Bitcoin’s price can be to persistent supply-demand imbalance.
For $BTC, the bigger signal is that long-term valuation models are increasingly focused on demand durability, scarcity, and institutional accumulation.
The key question is whether real demand can stay strong enough to support those assumptions through multiple market cycles.