Bitcoin at $1 Million? Michaël van de Poppe Points to a Dot-Com-Style Rally

Crypto analyst Michaël van de Poppe says Bitcoin could reach $1 million this cycle, drawing a parallel to the late-1990s dot-com boom. In a post dated October 17, he referenced a chart from Rand Group that aligns five prior Bitcoin crash bottoms on a straight line, projecting a conservative bear-case near $197,000 by 2030. Van de Poppe argues Bitcoin could experience a parabolic overshoot followed by a deep correction. Bitcoin traded near $81,000 in mid-October 2026, about 36% below its all-time high of $126,080 on October 6, 2025. Other bullish forecasts—from Bitwise, Galaxy, and others—remain speculative, with critics citing risks of sharp declines.