Topic: Bitcoin (BTC) Targeting $10,000,000 Amid Rapid Global Crypto Adoption (Read 285 times)

The widespread adoption by the central banks of the world of bitcoin as a world reserve currency, I completely rule out. The central banks of states operate on completely different economic principles, so the use of bitcoin as a world reserve currency will never happen.

Dollar hyperinflation could theoretically happen, but this would not necessarily lead to such an increase in the price of bitcoin. Most likely, the world will switch to using other fiat currencies, gold or other eternal values. Of course, at the same time, the price of the dollar should rise, but it is unlikely that even a million dollars for bitcoin can be discussed.

Many people give fantastic price guesses in bitcoin, some dare to guess up to millions or even billions of dollars, of course the guesses are sometimes right, just like 10 years ago when the price rose from $ 200 to $ 1000 and then dropped again below $ 200 in 2014 many are guessing if the price would reach $10k, and it only took 3 years for that to happen.

Amid rapid global crypto adoption, Bitcoin targets $10,000,000. This is a very difficult goal, but if Bitcoin continues to grow and become widely accepted, it is entirely possible.

However, to achieve this goal, Bitcoin will face many challenges. I also regularly research and follow a few people on their view of the market going forward, indeed some targets sound reasonable in the range of $100,000 - $500,000 in the next bull cycle.

There are two reasons why a bitcoin might be worth a million (or ten million) dollars.
1. Widespread acceptance by the central banks of the world of bitcoin as a reserve world currency.
2. Hyperinflation of the dollar.

Both options are not mutually exclusive.

You know the difference between $69k and $10 million?
In order for Bitcoin to go to $69k we needed around 1 trillion, and that was when fewer coins were mined and the percentage of the ones lost was more significant, for 10 million we just need around 190 trillion.
For the first run we needed the GDP of Pennsylvania , now we need twice the GDP of the whole world, easy peasy!
It's the funny part of extrapolation!


You still haven't explained to me how you're going to unite all humanity under bitcoin if you see the collapse of globalization as inevitable.


On another topic, we have some die-hard fans people suggesting BTC is becoming usable and is under a terrorist attack by some guys printing monkey jpgs, so, legitimate questions might arise if we toss those two together and try to find an answer.

If bitcoin is worth too much, then imagine how long you will have to wait for your investment to at least double? Bitcoin has a certain value limit, after which it will lose its appeal. It might be $200,000, it might be $300,000. Or maybe even less.

This question torments me too Especially when I hear cries of "Bitcoin save everyone, there is no Hygimony of the dollar." People who are far from reality and the economic model cannot understand that bitcoin is essentially a huge bubble, at least for today.
And even if we assume that after some time it will be provided with something real (although no one can even imagine how this can happen), the world economy will NEVER use an unmanaged, "independent" financial instrument for market relations!
And with its current real "emptiness" in value, this is just a very convenient, and not for everyone, but only for a small audience, a SPECULATIVE tool.
But many people like the fairy tale that "Bitcoin will come to the masses and everyone will live like millionaires, and there will be no need to work." The idea in terms of the level of idiocy is close to the idea of building communism

The small jumps that Bitcoin was able to do during the first 10 years made many expect that everything could be repeated easily.
And this was the way to get hundreds of followers, as the base was successful in the past, and therefore you tell people that there is a lot of free money that they will get, and thus it will increase their greed.

I was hoping that he would stop the exaggerated prices and remain silent until Bitcoin returns to a range close to 100,000, and then the model will have an error criterion of only 4 years.

I don't see any way how this could happen, because the world is centralized and the whole civilization stands on the pillars of centralized mechanisms. The question arises whether it is even possible to replace these mechanisms in a "painless" way, or an even better question - why would those who built them for hundreds or even thousands of years agree to destroy the mechanisms that enable them to control people, all because of something over which won't have even close to that kind of control?

Even if the western economy decides to no longer use the US dollar, pound or euro, what about all those billions of people who live in countries where Bitcoin is banned or is in some gray area where its use is not something that governments encourage. Again, for those who want to live in fantasy, they can always be improved in a very simple way - just add another zero. Bitcoin will probably be worth $100 000 000 one day

The forecast is interesting, and of course "warms the soul"! This means that you can very easily become a billionaire just by waiting 5 years
But back to reality. Let's assume that the forecast came true. And this means that the economic indicator of the cue ball will be "backed" by real world assets by 210.000.000.000.000.
Or 210 trillion dollars! Now the question arises - what should happen in the world, and in the global economy (the scale of the assessment - just such a level), for this to come true? I suppose - the transition of the world economy from the usual dollar to .. bitcoin. This is perhaps the only model where such a scenario is possible. But the next question arises - will the world economy switch to Bitcoin? And realistically, the forecast in the title of the topic - corresponds to the answer to the question "will the world economy switch to Bitcoin"?

PS. I save 10 BTC, I want to be a billionaire

With bitcoin nothing is possible. The currency is built to get to any height without restrictions. I might be part of the beneficiary of this price increase and some of my dreams will come. But my reservation concerning such a prediction is that it attracts uninformed investors that quickly see bitcoin as money doubling scheme to invest in. When the price fails to get to this predicted point, they go on the media spreading fake news about bitcoin. I also agree that the $100,000 benchmark is attainable.

Optimistic? He is high on drugs.

What he has done when the data has falsified his predictions has been instead of owning his mistake, to continue to give increasingly exaggerated price predictions. When his model had already been shown to be false I remember him insisting that we could reach half a million in this cycle or thereabouts. Now he spouts this. Doesn't he get tired of making a fool of himself? The S2F makes some sense but it is not a reliable predictive model, much less an accurate one, even less so if every time the predictions are falsifie by the low price he raises the prediction target up and upper.

We all want to be there when it hits $10M but having that timeline around 2025, I think that's still too early but it's quite long for many things to happen and like the governments pushing together with financial institutions to have it there.

Yes, it can.

It's like going back to the time when bitcoin was just worth a $1 or even cents and we're not expecting it to hit $69,000 after some time.

$100k is already great to me, $1M is greater and if it tends to be at $10M, that's the greatest. 

$10 million sounds good to anyone who holds BTC but reality check, it is too far from reality.



$100k for 1 BTC on 2025 sounds not only fantastic but realistic for me.  Forget the $ 1 million, we will only get disappointed once we hope for that to happen.  Let it come if it will come, lets be contented for $100k for now  .

Honestly, that $10m prediction is too optimistic which makes it fall under speculation that has no fundamental base at all.  But whatever, I'll just fill my stash with BTC just in case...

Can this happen? Many billionaires will be seen in the world if this happen. I know Bitcoin will definitely increased in price but not to that extent. I'm hoping for $100,000 I'm the next bullrun.

In the last few days, the predictions have become more and more daring. On the one hand the 1$ million in 90 days and now the 10$ million prediction in 2028. No offense. We all want such prices, but we are still a long way from that. First the $100k has to be cracked. Once that happened, the way is possible at a higher price. But we're just not that far yet. Rather, I think we can expect $1 million in 8 to 10 years if everything continues to be as positive as it has been in recent years. Therefore, one should not rely on a very high bitcoin price too early, otherwise one will only be disappointed. 

For such speculation, we do not need any plans B or anything similar, because the price will probably reach $100k, and certainly will not exceed $1 million. For me personally, the people who "play" with these speculations are no better than the one who first started them and got his 5 minutes of fame - and obviously others also want at least a part of that fame.

The value of BTC in $1+ million is something you can fantasize about, but it won't happen in the near future (at least 10 years), and maybe even then if the central banks and the super rich don't get involved in the whole thing. In addition, even if this happens one day, inflation will make $1 million have far less purchasing power than it has today.

In my opinion, in the world, trends always coexist with anti-trends (and this is normal).

Yes, the rejection of globalization is indeed a disaster. After all, it was globalization that contributed to the development of scientific and technological progress and an increase in the standard of living of most people on planet Earth. People have mastered the entire territory of the planet and have established universal laws and rules everywhere, but something seems to have gone wrong ....

We see an increase in mistrust in the world between different countries, we also saw the closure of all borders during the Covid-19 coronavirus pandemic  . And now international logistics is no longer working as well as it used to. Countries are trying to localize production in their territories, no longer counting on the international division of labor. The idea of ​​abandoning the US dollar as an international reserve currency arises, new wars begin, most countries are in a hurry to introduce CBDC....

At the same time, the Internet does not seem to be in danger of disintegration into separate regional segments.

And with regard to bitcoin, I remain an optimist, in my opinion, even in the context of the widespread introduction of national CBDCs, the digital decentralized world currency will not lose its relevance (on the contrary, it will become absolutely necessary for communication and interaction between people living in different countries)!

Is the S2F (stock-to-flow) model valid? I thought it was no longer the case for a while, especially since over the past year he has insisted that the price of bitcoin will exceed $10,000 in 2021.
All the prices mentioned in the model are very optimistic and I know a lot of people have lost their money because of the confidence in that model so don't build too much hope on it.

In my opinion there is a very high chance that we see $1 million target reached somewhere in the next 5 years but $10 million sounds unlikely to me. $1 mil itself can be the peak of a bubble not a sustained price (like $20k in 2017).

There is a couple of things to consider here though.
We have the global economy changing very fast, a massive shift from West to East with the Western economy collapsing. This New World Order will create a lot of chaos in the coming years. This chaos will create a lot of volatility in bitcoin and it could slow down that adoption.
Namely the recession going on mostly in the West means less investments in bitcoin ergo a smaller rise. We've seen this over the past year when the bitcoin guaranteed bull market was significantly postponed and eventually was replaced by a bear market where price (for the first time) went below the previous ATH (ie. below $20k) after the crash.

That's the negative part, the positive part is the collapse of US dollar.
Considering how everyone measures bitcoin price in terms of dollar, as dollar becomes weaker (gets dumped) bitcoin price should go up against it. For now that dump is slow specially since FED is artificially keeping it strong by manipulating the interest rates but it is a catastrophe waiting to happen specially since US regime is about to print trillions of dollars to rescue its failing economy. That is in addition to dedollarisation that is happening across the globe that weakens US dollar even more.
That rise against dollar itself will attract a lot of additional investment.