Bitcoin has continued its upward trajectory this week, surpassing $122,000 and marking its fourth consecutive month of gains. The digital currency briefly reached $123,000 on Monday before experiencing a slight dip.
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With prices at these levels, the affordability of Bitcoin is out of reach for many average earners. The average yearly salary in the US, as reported by the Social Security Administration, is $66,600. This means that the cost of a single Bitcoin now exceeds double the annual earnings of a typical worker.
Bitcoin Prices Reach New Heights
Altcoin Daily, a prominent crypto channel, has been advising high-net-worth individuals to act quickly. The platform suggested that millionaires should consider acquiring at least 1 BTC while it is still attainable.
El Salvadorian President Nayib Bukele also emphasized the limited supply of Bitcoin, noting that not all millionaires would be able to purchase a whole coin. With a fixed supply of 21 million BTC and over 50 million millionaires worldwide, even owning 0.5 BTC could be beyond the reach of many.
If you’re already a millionaire, you need to buy 1 whole Bitcoin before it becomes too expensive for you.
— Altcoin Daily (@AltcoinDaily) July 13, 2025
Increasing Demand Amid Supply Constraints
Traders are now considering Bitcoin in terms of “millions per coin,” reflecting the growing anticipation of the digital currency reaching seven-figure valuations.
Eric Trump, son of former US President Donald Trump, remarked that owning half a Bitcoin will soon represent a substantial amount of money and predicted that Bitcoin could reach $1 million in the near future, joining a chorus of bullish voices.
The Pressure on Millionaires
According to analysis by Changpeng Zhao, co-founder of Binance, reaching the $1 million milestone for Bitcoin isn’t far off, with forecasts indicating it could happen in the current bull cycle. Brandon Green of BTC Inc. echoed similar sentiments, suggesting that owning less than a whole Bitcoin may soon feel insignificant.
Optimistic Predictions for Future Gains
Ark Invest has set a base-case target of $1.5 million for Bitcoin by 2030, with a bullish scenario of $2.4 million hinging on increased institutional and nation-state buying.
Meanwhile, Michael Saylor of Strategy has raised the bar even higher, projecting a price of $13 million per Bitcoin by 2045, citing regulatory clarity and corporate investment as catalysts for rapid growth.
Bold Forecasts Reflect Supply-Demand Dynamics
While some of these price projections may seem ambitious, they underscore the simple equation of limited supply meeting rising demand. Fractional ownership options allow small investors to participate gradually, but the sense of urgency in acquiring Bitcoin is hard to ignore.
Bitcoin’s current rally is reshaping affordability standards, and the accessibility window may be closing soon.
Featured image from Meta, chart from TradingView