Can Bitcoin Reach $500,000 by 2030? Strive CEO Says It's Possible

Strive CEO Matt Cole predicts that Bitcoin could reach $500,000 by 2030, as rising U.S. debt, Treasury market intervention, and a weakening dollar set the stage for a historic bull run.

Will a Weaker Dollar Ignite Bitcoin's Biggest Bull Market?

In a recent interview on the "What Bitcoin Did" podcast, Cole predicted that the dollar could experience its largest depreciation of the Bitcoin era over the next three to seven years.

Cole believes that rising Treasury yields and mounting government debt could force policymakers to expand bond buybacks, potentially weakening the dollar.

"They will try to effectively reduce the debt burden by devaluing the currency," he said.

Cole expects intervention measures to arrive within 18 months, which, supported by President Donald Trump's preference for a weaker dollar, could drive a stronger Bitcoin rally than the 2024–2025 cycle.

However, he warned that before policymakers act, rising yields could initially push the dollar higher and pressure Bitcoin.

Bitcoin Could Reach $500,000 by 2030

Cole maintains Strive's long-term forecast of roughly 50% compound annual growth for Bitcoin by 2030, potentially pushing the price toward $500,000.

He expects the next bull run to surpass the previous cycle, which he described as disappointing because Bitcoin failed to hit new highs relative to gold.

Cole also suggested that Bitcoin may be entering a supercycle, characterized by shallower bear market drawdowns of 30% to 50%, rather than the historical 80% crashes.

He partly attributes this shift to growing institutional adoption and Bitcoin's declining sensitivity to the four-year halving cycle.

Cole argues that AI-driven productivity gains may not generate enough tax revenue to address U.S. debt issues, potentially forcing currency devaluation and enhancing Bitcoin's long-term appeal.

Why Strive Is Betting on Amplified Bitcoin Returns

Cole said Strive aims to profit from Bitcoin's potential upside through its financial strategy, maintaining roughly 50% amplified exposure using preferred share financing.

Its preferred instrument, SATA, carries a financing cost of 13%, meaning that if Bitcoin consistently rises above this level, Strive could outperform the cryptocurrency itself, though risks remain.

Cole warned that rising Treasury yields could pressure Bitcoin in the short term, but he expects eventual government intervention to drive a stronger bull market.