Calamos CEO Reiterates Bitcoin’s $1 Million Price Target, Projects It Will Become a Standard Allocation in Global Investment Portfolios
1 hours ago
Calamos Investments, an asset management firm, President and CEO John Koudounis reaffirmed his long-term bullish outlook on Bitcoin, predicting that BTC will eventually rise above $1 million. Koudounis first set this target at a Bitcoin event in Abu Dhabi, originally projecting it would be achieved by 2030; he has since maintained this forecast, though noting Bitcoin may not hit that level before 2030. Koudounis believes blockchain will become a key component of future financial infrastructure. Unlike traditional cross-border bank transfers, which can be delayed over weekends, the Bitcoin network operates 24/7 year-round. He also pointed out that global financial advisors manage roughly $146 trillion in assets, and as more banks adopt Bitcoin and offer collateralized lending services, even a small BTC allocation in portfolios could drive significant new demand. Koudounis, once dubbed Wall Street’s youngest CEO, currently leads Calamos Investments, which manages around $50 billion in client assets. The firm also issues Bitcoin-related ETFs and Bitcoin investment products with downside protection mechanisms. These views represent his personal market judgment and do not constitute a guarantee of BTC’s price.
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