Ex-Meta Blockchain Chief Backs ₱61.68 million ($1 million) Bitcoin Target
Lightspark CEO David Marcus told CNBC that Bitcoin should reach ₱61.68 million ($1 million) or more over the long term, joining other industry leaders in backing the ambitious price target.
Key Takeaway
Multiple industry leaders now backing $1 million Bitcoin despite the 45% drop from October's peak.
Lightspark co-founder and CEO David Marcus said Bitcoin should be worth ₱61.68 million ($1 million) or more over the long term, despite the sharp pullback from October highs.
Marcus told CNBC he remains bullish on Bitcoin's trajectory but declined to offer a short-term price prediction. The digital asset traded in the mid-$70,000s at press time. Reaching ₱61.68 million ($1 million) from current levels would require a rally of roughly 1,200%.
Marcus led Meta's blockchain initiatives before leaving in 2021 to launch Lightspark, a payments firm focused on Bitcoin Lightning Network infrastructure. His comments echo Strategy Executive Chairman Michael Saylor, who called Bitcoin mathematically destined to reach ₱61.68 million ($1 million) as it absorbs capital from traditional stores of value like real estate, gold, and bonds.
The Lightspark chief said the price of Bitcoin ebbs and flows, but over the long run, it always trends in the same direction. Wall Street firm ARK Invest set a base-case target of roughly $1.2 million per Bitcoin by 2030 under Cathie Wood's leadership. Former BitMEX CEO Arthur Hayes also predicted $1 million, citing what he called the systemic fragility of traditional finance.
Marcus previously led Meta's failed Libra and Diem stablecoin projects, which collapsed under regulatory pressure. Meta has since pivoted away from proprietary blockchain projects and is now exploring third-party stablecoins like USDC for integration into Facebook, Instagram, and WhatsApp starting mid-2026. ARK Invest's $1.2 million base-case target for Bitcoin remains pegged to 2030.
This article was written based on reporting from U.Today.
