Bitcoin has recorded losses for about five consecutive weeks after a momentary upsurge at the beginning of the year. The cryptocurrency reversed after an initial rally to $97,939 in the second week of January 2026. Since then, BTC has declined nearly 40%, bounced off support, and is trading at $66,935 as of writing, according to TradingView’s data.
Bitcoin has recorded losses for about five consecutive weeks after a momentary upsurge at the beginning of the year. The cryptocurrency reversed after an initial rally to $97,939 in the second week of January 2026. Since then, BTC has declined nearly 40%, bounced off support, and is trading at $66,935 as of writing, according to TradingView’s data.
Despite Bitcoin’s recent struggles, many analysts, particularly the crypto asset’s supporters, believe the bullish trend will return. One such supporter is Donald Trump’s pro-crypto son, Eric Trump, who recently stated his belief that Bitcoin will rally to $1 million.
We asked AI solutions ChatGPT, Claude, and Grok about their opinions on the predictions of Bitcoin reaching $1 million and got the following responses:
ChatGPT agrees with Trump’s prediction, but added the caveat that such a rally is not guaranteed. The AI solution provided reasons for aligning with Trump, including Bitcoin’s fundamental economics of rising demand amid fixed supply. According to , BTC can reach the $1 million target as early as 2027 if the industry experiences heavy institutional accumulation and very low selling.
Notably, market cap will need to swell significantly for the cryptocurrency to achieve the $1 million dream. Beyond broad institutional investment, ChatGPT cited large holdings by governments or sovereign reserves and a high proportion of global wealth allocated to Bitcoin as the potential drivers for the million-dollar BTC dream.
According to , Bitcoin can reach the $1 million. However, the main debate revolves around how soon it can happen. The AI solution analyzed Bitcoin’s historical performance, citing its rise from $0 to over $100,000 in less than 15 years as a yardstick to measure the cryptocurrency’s behavior.
However, Claude noted that long-term projections suggest Bitcoin could reach between $1.4 million and $2.1 million by 2050. Meanwhile, more optimistic analysts project a shorter timeframe, targeting the mid-2030s for Bitcoin to reach the much-talked-about milestone.
Grok was affirmative in its response to the question of whether BTC can reach the $1 million target. According to , Bitcoin can realistically hit $1 million, though the timeline, probability, and exact conditions remain heavily debated.
The AI solution highlighted that it would take approximately a 15x increase from current levels for Bitcoin to achieve this feat, potentially pushing the digital asset’s market cap from roughly $1.3-$1.4 trillion to about $21 trillion. Grok noted that many prominent voices have gone beyond arguing whether Bitcoin can reach $1 million to debating that it could happen over the coming years.
