Based on the huge discrepancy between the supply of bitcoin (which is algorithmically regulated) and the demand (China, institutional investors, etc), some have predicted that the price of Bitcoin will increase to between $500,000 and $5,000,000 per unit within a three-year time frame. Whether this will happen or not, only time will tell. But what its telling us now is that Bitcoin has already increased 50x over the last 12 month.