While many investors believe Bitcoin’s days of exponential growth are behind us, some early adopters see a different story unfolding. Brad Mills, a well-known Bitcoin OG and market commentator, has sparked debate by suggesting we may be at the start of a new supercycle—one that could drive BTC another 100x from current levels.
In a recent post, Mills declared: “The chasm is crossed. Bitcoin is inevitable.” Backing his view is not just narrative optimism, but a detailed chart laying out the macro transformation of Bitcoin from a speculative asset to a strategic reserve.
So, is a $10 million BTC really possible—or just wishful thinking?
From Boom-Bust to the SaylorCycle: Bitcoin’s Next Evolution
Mills’ thesis is based on the idea that Bitcoin cycles have fundamentally changed. Where past rallies were driven by parabolic hype and ended in dramatic crashes, the next phase—what he calls the “SaylorCycle”—could be much smoother, but significantly larger in scale.
Source: Tradingview
His annotated chart breaks Bitcoin’s history into three eras:
- The Innovator Era (2011–2013): Driven by libertarians, cypherpunks, and early adopters.
- The Retail Era (2013–2021): Dominated by public hype, ICOs, and speculators.
- The Strategic Reserve Era (2024 onward): Characterized by institutional accumulation, sovereign adoption, and ETFs.
The current trajectory shows Bitcoin entering a long-term appreciation curve backed by treasury adoption, ETF growth, and macro-level integration—factors that could push it to global reserve asset status over the next 10 years.
Why This Time Could Be Different
There’s growing evidence supporting Mills’ outlook. In 2025 alone, we’ve seen:
- $46 billion in net inflows to Bitcoin ETFs.
- Strategic Bitcoin holdings expanding from companies like MicroStrategy, Metaplanet, and possibly sovereign entities.
- New frameworks like Pakistan’s BTC treasury plan, signaling that national-level strategies are no longer theoretical.
Mills argues that these developments are qualitatively different from past bull runs. Rather than being driven by retail FOMO, the market is now maturing into a structural buyer environment—which historically results in long-term revaluation.
Final Thoughts: Bitcoin’s 100x Path—Possible, Not Probable?
Skepticism is warranted when bold targets like “100x” are thrown around. Yet Mills doesn’t promise a short-term moonshot. Instead, he outlines a long-term transformation where Bitcoin is slowly absorbed into institutional portfolios, global reserves, and monetary infrastructure.
In that light, the question isn’t “will Bitcoin 100x tomorrow?”—but rather, “if Bitcoin becomes digital gold on a global scale, what valuation would that demand?”With each ETF approval, treasury announcement, and macro hedge fund pivot, the idea becomes less outlandish.
