What will happen to Cardano price if Bitcoin reaches $500,000 or $1 million? Bloomberg and Bernstein forecast

Bitcoin’s gains of 7,74% to reach $500,000 would mark a new historical milestone, while if Cardano replicates a similar rally, it could revisit its previous high.
Today, Bitcoin hit a low of $56,770, exerting significant pressure on major altcoins like Cardano (ADA), which saw its price drop to $0.3757. Still, the long-term outlook for Bitcoin remains bullish, with industry experts predicting it could reach between $500,000 and $1 million within the next few years.
Therefore, this analysis explores Cardano’s potential valuation if Bitcoin achieves these goals.
– Advertisement –
Bloomberg and Bernstein predict Bitcoin will hit $500,000 and $1 million
Bloomberg cited predictions from industry experts in a December report stating that Bitcoin could exceed $530,000. The prediction came as Bitcoin initially returned to the $42,000 price level, sparking widespread enthusiasm in the crypto community and marking the beginning of this bull cycle.
Analysts have recently been setting higher targets for Bitcoin. For example, Bernstein, one of the largest asset management companies in the United States, predicts that Bitcoin could reach $1 million by 2033. Meanwhile, Bernstein’s near-term forecast is that Bitcoin will reach $200,000 by 2025.
Cardano price if Bitcoin reaches $500,000 and $1 million
It is worth noting that a Bitcoin price of $500,000 would imply a market cap of at least $9.86 trillion, while a price of $1 million would imply a valuation of approximately $19.71 trillion. Bitcoin typically controls more than half of the market share, which would imply a valuation of around $20 trillion for the altcoin market.
Cardano ranks among the top ten in market capitalization ranking. Therefore, ADA is expected to be one of the beneficiaries of Bitcoin’s $1 million price surge. In addition, data from smart platform IntoTheBlock shows that Cardano has an 82% correlation with Bitcoin’s price movements.
– Advertisement –
With Bitcoin’s current market cap at $57,216, a move to $500,000 would mean a growth of 7,74%. The same growth rate applied to Cardano would mean ADA would be worth $3.28, close to its 2021 all-time high.
In other words, Bitcoin reaching $500,000 would mark unprecedented growth, while ADA would merely revisit its past highs. Meanwhile, when Bitcoin rises to $1 million, ADA could set a new all-time high alongside Bitcoin, with a gain of 1,647% at a price of $6.56.
When consulted, OpenAI’s ChatGPT agreed with these Cardano price outlooks in relation to Bitcoin.

ChatGPT’s Prediction of Cardano Price
However, optimism within the crypto community suggests that Cardano could reach or even exceed a value of $10 by next year, which is highly ambitious compared to the $6.56 projected for 2033.
It is worth noting that altcoins like Cardano have a history of outperforming Bitcoin during bull runs. Basically, by the time Bitcoin reaches $500,000 and $1 million, Cardano will likely be worth much more.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may reflect the personal opinions of the author and do not necessarily reflect the opinions of The Crypto Basic. Readers are encouraged to perform adequate research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.