Willem Middelkoop, founder of the Commodity Discovery Fund and author of “The Big Reset,” says Bitcoin could reach $1 million by 2030 as investors seek protection from currency debasement. His argument contrasts Bitcoin’s appeal to private and institutional investors with central banks’ preference for assets they can influence, particularly gold.
According to Bitcoin Magazine, Middelkoop discussed Bitcoin, gold, central-bank buying, ETFs, de-dollarization and the wider commodity market. He described Bitcoin as the “fastest horse” in what he calls the debasement trade: an investment approach based on the concern that the purchasing power of currencies may weaken over time.
Why central banks prefer gold
Central banks have been buying gold at a record pace, but Middelkoop said they have not shown the same willingness to hold Bitcoin. In his view, the difference is control. Central banks can influence or manage their relationship with gold, while Bitcoin’s supply, price and market remain outside their authority.
Bitcoin has a fixed issuance structure and trades on a market that is not directed by any single central bank. Gold, by contrast, is a long-established reserve asset already used by monetary authorities. Middelkoop’s explanation does not mean that central banks are unable to access Bitcoin; rather, he argues that the asset’s limited controllability makes it less suitable for their reserves.
ETFs open a route for institutions
While central banks remain reluctant, institutional investors have taken an interest in Bitcoin through exchange-traded funds, or ETFs. An ETF is a market-listed investment vehicle that gives investors exposure to an underlying asset without requiring them to hold that asset directly.
Middelkoop said his own fund is among the institutions that have embraced Bitcoin through ETFs. He presented the asset alongside gold, real estate and equities as part of a proposed 25% portfolio model, with the discussion also covering the commodity bull market, the future of the dollar system, BRICS, de-dollarization and potentially weaker demand for U.S. Treasuries.
These remarks describe Middelkoop’s views and portfolio framework, not a recommendation or an established market forecast. Bitcoin Magazine’s program disclaimer states that the opinions expressed belong to the participants and are provided for informational and educational purposes.
Bitcoin’s current market picture
Moneyiar data recorded Bitcoin at $83,420.632329472 at 10:14 a.m. on October 13, 2026, Tehran time. The cryptocurrency was unchanged over 24 hours and down 3.15% over seven days.
Middelkoop’s long-term target of $1 million by 2030 was presented in the context of continued currency debasement and a possible shift away from the existing dollar-centered financial system. The target is his stated view, while the current Moneyiar figures show Bitcoin below that level and experiencing a weekly decline at the recorded time.
