An Indian tech company has projected that Bitcoin could reach a value of $1 million by 2032, based on halving cycles and its accumulation strategy.
Bitcoin Price Prediction
Siddarth Bharwani, the Chief Financial Officer of the company, believes that Bitcoin's price could rise to $1 million or more by the year 2032. He connects this prediction to the upcoming halving events in 2028 and 2032, arguing that after these events, the price of a full Bitcoin will be so high that most investors will trade in satoshis—the smallest divisible unit of Bitcoin. He explained, "When that day comes, whole coins will be rare; fractions will be the real currency of trade."
Accumulation Strategy
This year, the company became the first publicly listed business in India to adopt a Bitcoin treasury strategy. In late May, it added nearly 6 BTC to its reserves at an average price just over $103,000, bringing total holdings to 21 BTC at that time. Those early purchases, made at an average cost of $75,291, have already yielded over 31% gains in 2025.
Impact on the Company and Crypto Sector
The accumulation is driven by a policy introduced in April called "Daily Buy At Any Price" (D-BAAP), which simply means converting excess cash from daily operations into Bitcoin at the market close, regardless of price. This strategy has already increased their stash to 23 BTC. If Bharwani's forecast proves correct, the company’s Bitcoin holdings could be valued in the tens of billions of dollars, solidifying its position as a significant player in the global crypto economy.
The Indian company's predictions about Bitcoin's future and its target accumulation strategy could significantly affect both its own standing and the broader cryptocurrency market.
