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If you know a thing or two about "economics" you'll notice that inflation makes things go up in price at a fast pace. By logic, something that's scarce (such as Gold and Bitcoin) should be able to go up in price as demand increases like crazy. More demand = higher price in the short term. If demand continues to be high for Bitcoin, then it's probable it'll reach $1m by 2030.

I'd advise anyone to buy Bitcoin now while it's still "cheap" before it's too late. The current bear market made Bitcoin go below $40k of its latest ATH (which was around $60k). If you take advantage of this opportunity, you'll have the chance of becoming rich in the not-so-distant future. Ultimately, Bitcoin is all about utility (not the money). As long as you find it useful as an alternative to Fiat, nothing else matters. Just my thoughts

I do not really look forward to live in a world in which every single country is going through hyperinflation but I think that is the inevitable conclusion of the fiat system, now how is this related? It is simple, during a period of hyperinflation while basic necessities become even more important, the way to acquire them remains the same, you have to exchange something for them and in such case the most sough asset under those conditions is a store of value, and bitcoin fits the definition of a sore of value which means that under those circumstances the price of bitcoin will skyrocket and outpace the hyperinflation we will go through at the time.

How is inflation and the btc price related? or why can inflation up the price? I know that when there's an inflation, the price of the goods are rising but I heard this also leads for people to invest, is that what you guys mean?

More people will invest in btc the more/higher the inflation have become but be careful what you ask/wish for as hyperinflation can happen but isn't this a bad thing for the economy and the way we people live? Are we sure we need this only to see bitcoin reach that 1milion dollar that most of us are assuming? Why can't we just do it on a natural way without harming the innocent individual only for our own good. There will still be a demand for btc with or without inflations.

This is true, we do not know if it will be one million dollars because at the end of the day there is a time limit and 2030 is not as late as we imagine, I mean that is only 7.5 years in the future, closer than January 1st of 2015, even though it looks like it is closer it is not, 2030 is closer. This means that we can't really know how it will do in that short period of time and that matters a lot.

However, another thing we need to look at is the fact that we all know it will be a million dollars, we do not know when it will happen but we all agree that it will happen. That is nearly 25x increase, and how many other things can you name that you are so sure about a 25x increase?

I agree, if it was not for the time limit if someone asked me if I thought that bitcoin will reach a price of one million dollars for each coin my answer will be an energetic yes, however with the time limit of 2030 then things are not as straightforward, as I think that bitcoin will need a very fast adoption rate to happen during the next years for that to be a possibility, and the only way I see this happening is if we saw hyperinflation all over the world.

Obviously the rise will have to face a slow down as certain point, it's going to be very difficult to reach at least $500k and then continue to grow in the rate of like 10-15 years to  double that price. And then as we slow down, we also have to look at where the source of the money so that we can double that up and reaches that 7 digits in the future. Also it's just the question of how we as bitcoin investors are going to stay in the market to wait for that to happen, 2030 and beyond.

Even with 10% inflation it will only add up over a decade to more like 100k target.   There is no given BTC goes to 7 figures, if anything its a more sound argument to say the price action slows down over time or at least the rate of growth is declining while still being impressive compared to any of the usual asset classes.
  Bitcoin has to justify itself and be entirely easy to use for wider population use, perhaps this happens or not I really dont agree it must.  The world will take whatever choice suits it best, that is very likely why we do eventually lose the dollar because its too self serving and not global enough to really be in the place it has been since ww2.   Whatever takes over will need to be fit for purpose in a far better way then what we've left behind; imo its not a singular path.

Yep. Fast inflation can be one of the reasons besides other factors such as the Bitcoin adoption and how many top people/companies join Bitcoin investment. Being a legal tender, invested by a big company like Tesla, and considered as the most effective currency for donation, are very optimistic signs that Bitcoin will increase its value constantly. People will continuously buy Bitcoin massively because of its varied advantage, more than any other currency. Also, the agenda of halving schedule, becomes another factor to rise up BTC price again.

Prediction remains a prediction, no guarantee it happens as expected.
However, many indicators lead us to assume Bitcoin possibly reaches that price in the next 8 years.

With how fast inflation is increasing, it's very likely Bitcoin will reach $1m by 2030. It's not a matter of "IF" Bitcoin will reach $1m but rather "WHEN" it will reach the designated milestone. We should continue to grow our stack of Bitcoins before that happens. If you're smart, you'd buy more Bitcoin during a bear market as that's when prices take a massive downfall. Bitcoin's been the best-performing asset of all time, so I wouldn't be surprised if it goes way beyond just $1m.

All in all, predictions are predictions. What matters is Bitcoin's usefulness as decentralized cryptocurrency no one can stop. As long as it stays that way, it'll be able to last a lifetime. Just my opinion

Yes ,it was a huge expected one of the traders who brought at the value of 50k dollars.Because they buy at the high value,by considering it will reach of 80k dollars.Even they will get profit,only if they wait for next year.Because huge new people had reached the crypto,the next one is the demand of crypto reach twice as compared to now and the price too doubled.

8 years from now and trying to figure and speculate on what things that might happen in the future or on that time then no one really knows but speaking with 1M per coin is something that unrealistic and dont know

on why there are people who do really consider out that these probabilities could really happen.Well, i could not blame off on how people are being too optimistic when it comes to its price.
Bitcoin had never failed for us to be amaze on things that it do able to reach out milestones that we didnt even expect for it to be reach out but lets see on what would happen.

Another aspect that makes bitcoin difficult to predict is that bitcoin is not in a bubble, basically bitcoin is part of the economic system and as such it does not move in isolation and it is affected by external factors, like the pandemic or the war at Ukraine.

And one factor that could accelerate massively the rate at which bitcoin grows is the inflation we are seeing all over the world, we are seeing already the first signs that the world economy is in trouble and governments are still hesitant about what to do as they understand very clearly they are in trouble, so if inflation went out of control people will look for a way to store their wealth and bitcoin will be a good option to do this under those circumstances.

The same as you, it's part of my dream to see bitcoin goes to that price and hopefully by that time I still have at least 1 bitcoin on hold.

It's full of surprises and we're all optimistic with it based on the experience that we have. But it's also worrying at the same time because everyone is becoming bullish and what could happen might be the opposite of it. Just as what Warren Buffett is telling about others of being greedy and fearful.

This is definitely something that I dream about, but we will never know when it will happen. I am not saying that it won't happen, don't get me wrong here but it is something we will never know when it will happen.

Bitcoin is such a crazy thing that by 2025 when the next cycle after the halving happens we may see 1 million dollars, or maybe the max it reaches will be 200k? Who knows what will happen and which level we will reach. However, I am quite happy that we are doing fine right now and even if it is not 1 million dollars, everyone agrees that it will be higher than what it is today. This is what we are focusing on right now and should keep on focusing.

It is true that it is difficult to predict what will happen during the short term when it comes to the price of bitcoin, which could make it seem impossible to predict what could happen 8 years from now, however it is not as impossible as you may think.

After all a similar thing happens with the weather, in which it is incredibly difficult to predict what it may happen tomorrow, however if we take a look at the weather tendencies during the last thousands of years and we make projections based on that then it is not as difficult to see the overall tendency the weather may have during the next one hundred years.

Welsh, I tend to agree with this opinion although speculation cannot be considered 100% correct. Everyone can place numbers based on "Technical or Fundamental analysis", but in the end the analysis also cannot guarantee future prices. Obviously they also don't have a crystal ball in their hands so we shouldn't believe anything even if it's still possible in the long run.

Considering increased adoption leading to lower volatility will allow prices to rise higher in the future. But I don't think we can pinpoint when it's time to see that $1 million reality happen.

That's still eight years away and much more. Bitcoin in that year could be at any number we will never know. But the price of bitcoin in 2030 may be $ 1 million or even higher because bitcoin does have the potential to increase. But to get to that number will probably require more support from various countries and the demand from people to own bitcoins is also getting bigger. And before the price rises higher, we better continue to collect more bitcoins from now on so that we are not too late to enjoy the results in the next few years.

Isn't that too far for us to predict?
In my opinion, let alone 2030 for the next year alone it will be very difficult for us to predict prices, because there are indeed many factors that greatly affect the price of bitcoin in the market and in my opinion there are no benchmarks or references that strengthen to estimate prices accurately.

Everything is possible, specially that supply is getting limited every 4 years. And we will have  like 2 halvings around that time, and the way bitcoin is getting adopted by government and institutions and whales and retail investors, we could get that 7 figure. And if you are a wise investors, the best thing to do right now is to continue to accumulate overtime and who knows, maybe you can save enough till 2030 that you can secure because of the possible profit that you will have to make if the prices reaches $1 Million.

Its really viable since we know that bitcoin got limited supply and if majority of the world in that timespan will use bitcoin as this was announce as legal tender on most of the country. So lets hope that no sudden events which can lead bitcoin to fall unexpectedly and see only some good adoption so that we can really see the price speculated to show up in that year.

Check it out. https://www.buybitcoinworldwide.com/how-many-bitcoins-are-there/
Only ~~2 million bitcoins unidentified.  In that context, $1 million for bitcoin by 2030 is actually viable.  The reality also shows that bitcoin is becoming more and more important to the world in any impact.  Unprintable Bitcoin is how its possibilities become endless!

Many people say it is impossible if the price of bitcoin can reach $ 1 million in 2030 or 8 years from now, when I got to know bitcoin in 2014 when it dropped from $ 1300 to below $100 many people also said it was impossible for the price of bitcoin to get back to $ 1000 again, even when in 2018 when the price of bitcoin dropped below $ 5000 also many people said it was impossible to get back above $ 10k again.

if we want to look at the market capitalization, bitcoin still represents a small part of global assets. all could be significant changes and will likely increase when countries adopt it as legal tender, and that is not something impossible and will continue to happen rapidly.
Based on that, it doesn't hurt that a lot of information already exists about bitcoin's increase from year to year and it's not even impossible that bitcoin could reach $1 million by 2030. investment company ARK, estimates that Bitcoin's price may exceed $1 million by 2030.

As they always say, "the sky is the limit". If Bitcoin reached new All-time-highs over time, then it's probable it'll be worth $1 million sometime in the future. 2030 is right around the corner so anything can happen. How fast or how slow Bitcoin will rise towards $1m will greatly depend on Fiat's inflation rates, and market demand for the pioneer cryptocurrency itself.

I'm in no hurry to see Bitcoin reach the designated milestone as long as it works as intended. Who knows what the future holds for the crypto/Blockchain industry in general? Just my opinion

The thing is this has been speculated about since Bitcoin became highlighted in mainstream media, so a whole bunch of people, businesses, and so called experts have been throwing numbers around, pretty meaninglessly. I know that speculation can be fun, however putting a number, and a time limit on things is just silly. I prefer the method of; Bitcoin will continue to increase in the long term, price volatility as time goes on will decrease, and the adoption rate due to the price volatility problem being largely mitigated.

That's something you can almost be sure of, if things carry on going the way they are. However, Bitcoin reaching a million by 2030? Its impossible to say, even if you throw as much figures, and data at it as possible, its also very likely that it doesn't follow the same path is has for ten years, for the next ten years. There will always be variance, and the attitude towards Bitcoin still on a government level is probably rather hostile, which could potentially effect the growth of Bitcoin in the years leading up to this prediction deadline. In other words, there's too many factors that you couldn't possibly predict, and therefore putting a deadline, and a exact figure on it is pointless, and very much meaningless.

2030 is a long time, and looking at how the numbers are looking in terms of bitcoin price the projections might be nowhere near this million dollar because so many external factors happening today keep pulling bitcoins momentum....but with the halving around the corner and almost all the 21 million bitcoins being mined,I suppose $200k is more realistic.

While it is impossible to know accurately how many people have invested in bitcoin, it is speculated that only 100 million people have done so, now assuming that number is close to the truth then it means that now we have a full country of people using bitcoin, and while that is great it also indicates the huge potential for growth that bitcoin still has, if half of the population around the world actually used bitcoin then one million dollars for each bitcoin could be even a low estimate and the price could be way higher than that.

Bitcoin price potential can't just rely on realistic thoughts alone.  if we go back to 2017, do you believe the price of Bitcoin will touch $60k in the future?  Bitcoin price is always full of mystery, and i personally believe BTC at a price of $1 million/BTC will definitely happen.

I think $1 million in 2030 is a good estimate. Generally I think it could be as high as $2 million if the masses actually get educated about it and all the "scam, fraud, for criminals, tulips, bad for the environment, old tech" nonsense gets killed off in the popular consciousness by then. On the low end if the masses by and large keep up those false beliefs I'd say it might only be like $500k or so. And $1 million is a realistic middle ground I think to close out the decade.

Right now you've got the environmental/ESG crowd operating under a false belief when it comes to Bitcoin's relation to energy and mining, you've got Gold people antigonistic against it because they don't want it to replace gold, you've got the average unbiased person just saying it isn't used for anything and not understanding that use as a currency is something that it grows into, you've got the biased people who just buy into the fear about it being for criminals or going to zero or is a scam or whatever, you've got institutions wary of getting in at the wrong time on a short term time scale because of its volatility, and you've got governments and politicians scared of its disruptive power as a monetary force. There needs to be a ton of education and changing of minds on all those fronts this decade to see it be over $1 million by 2030. Hopefully this will be the decade in which Bitcoin goes from being horrendously misunderstand by the masses to at least decently understood and accepted as a good thing by all but extremists. If so, then for sure it'll be 6 digits when the decade ends.

I think it is important to have several goals at different time frames, after all it would be a mistake to tell a young person to not think about their future decades away from now as this will create a thinking process only interested in the here and now.

So while it is important to concentrate ourselves on what it is happening in the market right now, it is also important to consider what will happen to bitcoin during the next decades, and I think that even if bitcoin failed to reach the goal of the OP by 2030 I think it is reasonable to think we may get close to it during the next 8 years.

It's not bad to daydream sometimes. we can imagine only imagine if how much our profit will be by the time btc hit 1m or what stuffs can we buy with it, etc but once we are done, we can go back again on the current situation. Our short-term expectation for now if when will btc hit $100K.

This one is more realistic because btc already touch $68k last November 2021. Imagine if the price stays consistent I think we are already seeing $100k or more right now. The next halving date is on 2024, we still have 2 years and I think the btc value will be at $200k or more before the event so 400k is also going to be possible by the time halving has done.

The approach in the big nations changed as well. Plenty of big nations either banned it or did not have any laws about it. Today we have Coinbase, which is one of the biggest exchanges in the entire world, being listed on stock market of the USA, which is a big big move. People forgot about that, and did not realize how big of a deal that is.

When a company dealing in crypto gets listed in the USA stock market, that is the biggest proof you need that crypto is as legal as it gets and can't get any more legal than that. And this happened in the USA, one of the if not the richest nation in the world. So do not assume anything will go badly, it will definitely go greatly.

This is your willingness to hold and take the risk, no one can stop you from this and since its Bitcoin, I can support you on this one. Look at the long term chart of Bitcoin, the price is still climbing going up and in the next decade, most probably $1M are more possible to hit. I believe in the future, and I’m also willing to hold at least a good amount of Bitcoin for my future goals, 2030 will be a great year if you believe on it.

Agree With Speculation From ARK , some points that I got from this article strengthen my argument BTC will reach $1,000,000 in 2030. Every BTC Halving always record new ATH and record market capitalization. Well, some reputable sources that I read mentioned that BTC will be an investment for everyone in 2025 because the mass adoption of BTC in all sectors will grow day by day.  Maybe this thread will be an interesting spectacle in 2030.

maybe 2030 doesn't feel like long for someone planning to invest for the long term.
whatever happens. I have invested in bitcoin with capital I can afford to lose $200 and I will not change HOLD strategy for 2030.

Bitcoin 8 years ago was not as well-known as it is now, let alone recognized as a currency by a country but now it is different and what will happen in the next 8 years? surely half the world already invested in Bitcoin. there's really nothing we're after, I'd rather see the price of Bitcoin slowly rising to $ 1 million than too fast (under 6 years).

Most people are often driven by greed, so they'll invest as soon as prices go all the way to the moon. It's not a very smart move, because you can end up losing it all once a market correction takes place. The moment to buy Bitcoin is now when the market is bearish. I have no hurry in seeing Bitcoin go to $1m as long as it delivers as promised. Decentralization/censorship-resistance is what it's all about (not getting rich quick).

2030 is right around the corner, so it's likely Bitcoin will reach a new All-time-high by then. $1m or not, Bitcoin will be here to stay. Just my opinion

At some point the behavior of bitcoin had to change, after all it is not any longer a currency unknown to the public only used by a few adepts, now bitcoin is more popular than ever and during the pandemic people used bitcoin to protect themselves from the inflation they knew it was coming due to the monetary policies of governments around the world, so it is likely that during the next decade the movements of bitcoin will become milder with no massive bull run or crash, and instead we see a more solid yearly growth which could allow us to reach the target of one million for each bitcoin at some point in the future.

This is right, we will be 1+ million dollars but we will have a lot of down times along the way. The fact that people who are bullish on bitcoin buying at all times is basically saying they are fine by buying 1 bitcoin at 60k instead of buying 2 at 30k, the 1 million price would mean that it was a 1 million dollar worth of a mistake.

I am not saying that do not buy bitcoin, but people should focus on buying bitcoin when it goes down. If it is down a lot, then buying it would make sense. You can't buy at 5k again, that was once upon a time and now gone, but at the end of the day you could still wait for it to go down a lot, like a month ago.

 This is what maximalists forget. I do believe that 1+ million dollars will eventually happen but I also believe that it will mainly be something that happens very far down the road and it requires us to realize there will be plenty of bear markets along the way as well. So just because we believe that it will go up, doesn't mean that we should focus on buying more and more and more. Just focus on the drops, whenever it is in the bear market and crashes, just buy some more, since it will take long time before it is 1+ million dollars, that means you will have plenty of chances to buy at the bottom.

Based on history, we always achieved new peak and I’m also confident for the future prices with Bitcoin, everything is possible to happen. Though bear market will always be part of the trend so expect that aiming for a huge price with Bitcoin will not be easy, the roller coaster trend will be there as well. $1 Million might be too much, but I know its possible to achieve in the right time.

I agree that having a lot of ATH would be a bit too naive to think these days, I mean it could happen time to time but not at all times but in the end we are going to be doing fine for sure. What I do not believe however is the fact that we could not really expect low things from bitcoin neither. We just need to realize the fact that bitcoin is a long term project and always goes up in the long term.

We just need to focus on the fact that in a few years we could be 100k+ and that could be something normal for us, we will get used to 100k eventually, then 300k, then 500k, we will get used to all of these and they will not be big numbers at one point. We just need time to get there.

That's exactly what I thought. I see a lot of speculation and people saying it will go up to $100k and even $1M, but I see that as just noise. The majority of Bitcoin believers are convinced that Bitcoin can succeed. Feel free to express your opinions, but be sure to provide reasoning for your opinions. If winner-take-all is the case, bitcoin will reign supreme. I personally will win big next ATH since I am doing HODL DCA. I really don't have any choice. Maybe it won't happen until the next halving, but who cares?

What makes you think that the optimism of the people for bitcoin got lessen? sure there are lots of negativities that are happening lately but I don't think that will be the reason for their optimism to lessen. People are going to be more optimistic with btc because all negativities seem to not affect bitcoin and if ever there are some small effect, bitcoin is fighting it and its value will always recover.

This isn't just a normal speculation but there are proofs offered to back it. I forgot if when will be the next halving  but isn't it too much if you ask for a 4 times ATH? That never happens in the history of halving or btc. Greater returns can still be achieved with the current fluctuations or increase, it just takes some skills.

True, sometimes you are tempted to sell and forgot your long term goal. For sure there are those who sell at an all time high last November. But if we look at the bigger picture, the returns could magnify if we are going to wait a little bit, just like in investing in stocks. Personally, I have stocks that I have been holding for the last 10 years and not willing to sell it even it if reaches a new high. Same with bitcoin, it could be the goal is to get to $1 million for some of us.

We have seen Bitcoin make tons of new highs since it's innovation as far as 2009. By 2013 we should be expecting another massive mind blowing ATH. $1000 per BTC might be an accurate speculation going by the increase in both the adoption and investors who keep trooping into the p2p network of financial privacy

The market capitalization alone and the recent support zone that has been in a range trend for a while now is another clear indication that something massive is about to happen around bitcoin price and will be another shocker to non-investors

Let's give more time since we still have plenty of time to achieve the peak price and I'm also confident about the future with Bitcoin.
We are close enough to mine all the supply of Bitcoin, it can happen in the next 5 years or even on 2030 so we can expect an expensive Bitcoin. Long term trend is still good with Bitcoin, I'm excited in the coming years to see Bitcoin to rise again.

12 months is not a proper time to consider investment returns over.   BTC has the same problem in that many are only interested so long as every month its going up or might still go up, if people lose sight of that instant return they depart as if thats the entire story.  This is not the baseline behavior for BTC base gains, its proven itself to be a long term asset surprisingly.

I still think that $1 million per bitcoin is not only possible but also the start (it can go even higher). But I no longer can envision when.
The cycle seems to have been broken and the adoption rate has been disturbed. Previously the adoption rate has been rising constantly with jumps during the last months of the cycle (near bubble) and decreased a couple of months after it (bubble pop) but these days it seems to have slowed down while we neither had bubble nor bubble pop. At the same time we are hearing major adoption news like the case of legal tender in el Salvador that changed a lot of global perception.

I think we are in a new chapter in bitcoin market history and have to wait and see what trend is bitcoin going to follow in the coming years that would determine the projection for $1 mil target. It could be reached in 2 years too.

ARK started to perform poorly because during that period many stocks have already peaked. Most think the stock market bear has started in Nov 21 when crypto peaked but it started in the Summer of 2021 pretty much.

The indices kept making new highs only because stocks like Tesla, Apple, Facebook had good gains however many stocks like Peleton, Baba, Uber, etc already peaked and have been hitting constant 52 week lows for the last few months.

The fund is doing poorly as a result of the timing in the markets. They should of gotten out much earlier than they did. They will be back up when the bull market returns however.

I'm glad that there are so many people who are still so optimistic about the future of bitcoin which makes me believe that bitcoin really is a must-have for every investor in their portfolio. I only agree that this is speculation, but does not rule out the possibility that $1M will be reached in the future.

I hope that after the 4 year cycle (halving) the bitcoin price can reach ATH 4 times higher than the previous ATH which will be an important factor in achieving greater returns. In the end $1M is possible, but I'm not sure about the timing.

Bitcoin has achieved a lot within just 13 years since its inception. Imagine how big it'll be within 8 years from now. Considering that 8 years is an "eternity" in crypto land, a lot of things can happen. With how governments are quickly opening their arms to Bitcoin, it's very likely the price will go far beyond just $1m. "Hodlers" today will be the ones that will largely benefit in the future.

Nonetheless, it's never late to get into Bitcoin. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my thoughts

When I got into Bitcoin sometime in 2016, the price was only three digits. I never expected that the price would reach five digits. But it happened. When the price hit five digits, I didn't think it would reach six digits. But now I am 100 percent sure it will. And not only will the price reach six digits, it will also reach seven digits. When exactly? I can't be sure if 8 years is enough. But perhaps let us set that aside for now and reach six digits first.

History shows that bitcoin price can really grow in the future. And another thing, for us to really make profits and be this so called self made millionaire, it's better to prepare early, save enough bitcoin.

Not forget but at least learn how to save it in a safe environment and do everything to protect it. We've seen so many early investors who didn't do this one and they regret it. They know they have some stash somewhere else, but they forgot the most important thing, to back up the private keys an the mnemonic phrase.

That's a long wait but for those who are preparing, why not?
For those who can afford and can take the risks, they can very well buy today and forget that they have bitcoin in stash.
But for most of us who can't wait that long, just keep up with the market, and grab the opportunity when it presents to you.
But $1M, just wow! Who knows? We can never tell the future. Just hoping for the best.

We've got more 8 years for 2030. The market can grow in any direction and it should grow in same percentage as bitcoin have grown since 2008. There is more possible chances, but anything beyond certain limits could make it under valued. With Bitcoin more good news in terms of adoption, regulation and real time acceptance is happening from countries and firms that once stood against bitcoin and kept it on the ban list.

Crypto is indeed freedom but you couldnt just let people or do make them convinced on going all in with it but somehow at least we do have some option to take
whether we do accumulate fiat or both basing up on what you are needing or preferred in terms of storing up your assets. As for speaking with $1M on year 2030 then we couldnt really be
that sure but it isnt bad to having some accumulation of Satoshis on our own wallets and hold for long term.Who knows if we would really be heading right there?

Surely we do not have a prediction ball to make sure about the future and how everything going especially when we are talking about a market like bitcoin which is still young and there are many possibilities about the situation of this market, while a new year ago when bitcoin was trading for less than 500 bucks none could believe to see bitcoin trading above 60K but this happened, right now people do not believe to see bitcoin price reaching 1m dollars but I guess it will reach even higher targets and that's not impossible.

We all know about the magic that can happen in the crypto space - I support this high growth - look how many new ppl get daily attracted to the cryptoworld also by "bad news" and the crisis - but they understand more than ever before - the money on their bank account is not under their control - crypto is freedom.

I posted this about 2 months ago here https://bitcointalksearch.org/topic/m.59084278

This is really an interesting report, and this is the best image imo:


It really looks to have an enormous potential, and this image illustrates it very well comparing it to other world asset classes.

But Ark Innovation ETF has performed poorly in the last 12 months:



They investi in a lot of things other than crypto, and crypto is down for some time as well...

Just don't forget that bitcoin's volatility is created mainly by derivative products and those traders who actively use leverage. The biggest provider of volatility for bitcoin is the derivatives markets. As the price increases, the use of borrowed funds will also increase. The fewer coins in circulation, the greater the volatility. I doubt that if bitcoin is worth $400,000, then the volatility will be lower than it is now. Exchanges will still draw the required trading volumes and will still provide unsecured derivative candy wrappers. Because if you have 1 BTC and decide to use 100 leverage, the exchange will lend you 100 bitcoins. You will make 1 buy and 1 sell, as a result, the trading volume will increase by 200 BTC for 1 trade, even if it is a short-term one. There is no way exchanges back those borrowed 100 bitcoins with physical bitcoins, it's all air, just numbers in the interface, but they affect the volatility and price of bitcoin.

As the volume of derivatives continues to grow, so will volatility, regardless of the value of bitcoin itself.

If countries continue to open their arms to Bitcoin, then it's very likely it'll go past $1m in the not-so-distant future. From time to time, Bitcoin has proven to break records in price so I'm confident it'll reach the designated milestone in no time. Big companies, investors, and some governments are already pouring money like crazy into Bitcoin even though prices have relatively stalled. I'd say we're heading into the right direction as Bitcoin becomes one step closer towards being a global cryptocurrency used by anyone worldwide. Who knows if by 2030 the world becomes "hyperbitcoinized"? Just my thoughts

With all indications, this is feasible even within a short term range, because bitcoin is gain a massive daily increase of investors and stand as the most accurate store for digital assets and a guaranteed investment that does not input a total loss of capital, this store of value (bitcoin) has on several occasions top the profitability of even gold and it is more preferred than any other asset but the controversial aspect is when i read on the news on how Russian investor are currently sourcing out for crypto asset conversation into Fiats and physical properties in the green pasture of Dubai.

I understand the effect of the ongoing war might have triggered such moves but why a sudden change of crypto conversion into physical asset when bitcoin is still the best available option for currency conversion and store of value. Am sure before the end of this year more countries will join in adopting Bitcoin as a legal tender.

I do not know if this would be possible by 2030, but I know that if the marketcap is increasing, the volatility will be reducing. But if using 20.7 million mined coins to evaluate it (estimated roundup of bitcoin to have been mined by 2030), this will be what the marketcap of bitcoin would be if the price is assumed to be $1 million:

Market Cap = Current Price x Circulating Supply
Marketcap = 1000000 x 20700000
Marketcap = 20700000000000

That is 20.7 trillion marketcap. I hope this may be possible. But we should know that the more the marketcap is increasing, the price volatility is reducing.

But I am not doubting this may be possible, bitcoin has been well adopted and is well valued now. Gold marketcap in 2001 was $2.26 billon, and now over $12 in 2022. Also possible bitcoin can grow this far, even if the price is never worth $1 million by 2030 (but which I think is possible), the price would have grown significantly.

Just a point. If in this cycle the ATH was $69K, it would not be fulfilled that the price rises at least 4 times, in this case it would be 3.5 approximately. And if this is the case, I doubt if the spectacular returns for Bitcoin would be over by now. At the time I created a thread about it. If we think that the higher the price and market cap, the more difficult it is to move the price and that the natural tendency would be for the ATH of each cycle to decrease, it would be normal to think that in the next cycles it will not rise at least 4 times the ATH of the previous cycle, but at most 3.5.

All this is pure speculation and we do not know if a given event could catapult the price up or down. If, for example, Amazon announced in this cycle that it supports Bitcoin payments and buys Bitcoin for its reserves, I think we would easily beat $69K, but I am pretty sure the returns in percentage terms are going to go lower as time goes by.

I'm only in my fifth year in the industry, but back then I couldn't dream of a $40,000 bitcoin, but now it's a reality. I like that bitcoin has already made itself known in Europe as a means of payment (talking about the adoption of bitcoin by the Swiss city of Lugano)

Perhaps, in the future, European states will not follow the path of El Salvador, where the whole country accepts bitcoin, but accept bitcoin in individual cities. For example, in each country, there will be at least 1 city where bitcoin is accepted as a means of payment.

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I think that the full 4-year cycle of bitcoin has ended and $69 000 is the new ATH that we will aim for in the same way as it was with ATH at $20 000 at one time (but I will be happy to be wrong). Even so, we have two full-fledged cycles ahead of us, and if in each cycle Bitcoin rises at least 4 times from its previous ATH, then over these 8 years we may well reach the $1 million mark.

Well, that's been said for a long time, I the first one I remember hearing was McAffe and his famous "I will eat my dick" if it didn't reach $1M in 2020, which he later lowered $0.5M. I think those of us who own Bitcoin expect it to reach that figure, the question is when. If the predictions for last year had come true, and especially if some like the supercycle theory had come true, we would be thinking that maybe in one more cycle we could reach that figure. But if we stay at $69K as a maximum for this cycle, it may take much longer.


Well, that depends on the "expert" you ask, just yesterday I responded in a thread where the expert predicted the opposite.

Comforting to read and makes me all warm and fuzzy, have to accept that 8 years into the future will be difficult to comprehend (I've only been properly in Bitcoin for six years and it's already a lot to chew on) but that's 2 halvings down the line, and a whole lot of economic development yet to come.

I do agree digital gold should be the biggest chunk of use case, retail and otherwise, but not sure yet that seizure resistant asset would take that much of the cake. I thought the use case was pretty clear already during the JCPOA period and height of Syrian flight, but maybe I'm underestimating what states will attempt over the next 5 years when revenue needs become urgent.

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