Calamos Investments CEO John Koudounis: Bitcoin Will Hit $1M by 2030
By Patrick Green
AI summary of the source article
Calamos Investments CEO John Koudounis reaffirmed his forecast that Bitcoin will reach $1 million by 2030, anticipating significant growth through 2028. In an interview with Bitcoin Magazine, Koudounis explained that bank lending against Bitcoin, decreasing volatility, and the introduction of downside-protected ETF products could grant the asset access to large pools of advised capital. He highlighted that Calamos spent eight years researching Bitcoin prior to investing, while also addressing broader institutional themes such as sovereign wealth fund interest, debanking risks, and regulatory matters including the Clarity Act and Bitcoin's commodity classification.
Why it matters
Downside-protected ETF structures and bank lending against digital assets could remove key hurdles preventing traditional financial advisors and institutional capital from entering the crypto market.
Key facts
- Calamos Investments CEO John Koudounis maintains a price projection of $1 million for Bitcoin by 2030.
- Koudounis identified bank lending against Bitcoin, falling volatility, and protected ETF products as catalysts for advised capital entry.
- Calamos researched Bitcoin for eight years before participating in the asset class.