After surging to new all-time highs in 2025, the cryptocurrency market has cooled significantly in 2026. The CoinMarketCap 20 Index is down more than 30% since it was established as a way to track the 20 largest cryptocurrencies last November. But those wild swings are the price crypto investors pay in exchange for the potential of outstanding long-term returns.

Right now could be a great buying opportunity for investors, and one analyst sees a leading cryptocurrency climbing more than 1,300% from its current price within the next decade. Bitwise Chief Investment Officer Matt Hougan thinks Bitcoin (BTC 2.24%) can reach $1 million based on “reasonably conservative assumptions.”

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Bitcoin’s main use case

When…