Economists Predict Bullish Bitcoin Outlook Based on Supply-Demand Model, Eyeing $1 Million by Early 2027

A paper published around January this year by economists, including Murray A. Ladd from the non-profit organization 'Satoshi Action Education', has garnered significant attention. According to the paper, under a bullish scenario, Bitcoin could potentially reach $1 million (approximately 140 million yen) by early 2027. Even under a conservative scenario, it is expected to hit this mark by June 2028. Ladd and his colleagues have used a supply and demand equilibrium model to unfold their predictions, covering a forecast period from April 2024 to 2036, focusing on the increase in demand and the circulating supply...