Topic: Bitcoin could hit $10M in 9 years but more sidechains needed: Blockstream CEO - page 3. (Read 372 times)

Honestly, this is not impossible because if we keep pushing forward terms of adoptions and implementations for the next years to come, then surely bitcoins price will spike up to the point we never expected it to be. Just like its old price where it didn't even reach a hundred dollars per BTC, we will gonna witness progress in the future if we don't have such cases like the FTX and we finally move on from that. In that case, I see the other people that are hostile against bitcoins will finally be outnumbered and their opinions will not really matter anymore for the majority of the people.

Another speculation that serves no other purpose than to provide a little publicity to the person who made it public - with the difference that he wants to be someone who will be talked about more than Cathie Wood, who recently stated that by 2030 one BTC will be worth between $250k and $1.5 million. Personally, I think that the price of $10 million for 1 BTC is excessive, regardless of how many sidechains have existed and what will happen in the next 10 years.

The only thing that would lead to such a strong increase in prices would be the decision of the most powerful countries in the world to start buying Bitcoin, and I don't think something like that is likely, especially in countries like the US, UK, EU, India, China or Japan. Of course, maybe a few more countries will follow the example of El Salvador, but globally this has little or almost no impact on the price.

I think the title is exaggerated.  No matter how many sidechain is created on Bitcoin, it won't reach that price in just a matter of 9 years.  I am always open to the possibilities but we should also look at the target timeframe.  In 9 years time, I doubt Bitcoin will be adopted by develop countries because Bitcoin has a feature that is the main issue why majority of the countries are not accepting it as legal tender. 

It is the decentralization that prevents government to control it completely.  I would say $1M  bitcoin is still vague to happen even after 9 years what more $10m.

bitcoins bottom line value was about $15k in 2022 (based on most efficient mining(acquisition method) on the planet causing a non zero bottom (no one wants to sell at a loss below worlds lowest acquisition cost
and was about $99k max range of possibility based on most expensive on planet for same time period

so imagine mining stayed at the same $15k per btc (240exahsah at $0.04 per kwh)

now: ($15k/btc)
2024: halvening  ($30k/btc)
2028: halvening ($60k/btc <-non zero bottom limit)
2029=same

now lets say no new efficient upgrades of hardware, no electric hikes. but where there was a change per year of hashrate was +50%
(last year was 26 diff to 39diff )(26 X 1.5x=39)

using excel for range of possibility for market per 1btc
          hashrate  min             max
2022   240exa   $14,994       $99,474
2023   360exa   $22,491       $149,211
2024   540exa   $33,737       $223,817
2024   540exa   $67,474       $447,634 half coin
2025   810exa   $101,211     $671,451
2026   1215 ex  $151,817     $1,007,177
2027   1822 ex  $227,726     $1,510,766
2028   2734 ex  $341,589     $2,266,149
2028   2734 ex  $683,177     $4,532,297 half coin
2029   4101 ex  $1,024,766  $6,798,446

note this is if there was no efficiency gain of hardware and no higher electric cost
so ill leave you to factor in asic gains and electric  losses that can also change the min max regions of possibility

i might post later an update with more details included
but have fun with the possible realms of trade window.. (these are no expectations of price per year , just a possible window the market moves within

Same thought. For bitcoin to defeat gold in terms of marketcap, I'm pretty sure money should be in people from the current generation's pockets as people in the current technology-filled generation are highly more likely to buy BTC, not the boomers.

Can bitcoin marketcap get to 200 trillion? Expecting the price to be around $10 million at the time.

https://www.reddit.com/r/StockMarket/comments/1111f9w/bitcoin_could_hit_10m_in_9_years_but_more/

Bitcoin was less than $1 before when it was created, the price increased multiple times and now at $21800. If anyone told me that time that bitcoin price will get to $20000, I will not believe.

As the price of bitcoin is increasing, the more money pumped can not make its price increase up to when the marketcap was low, this is the reason altcoins with low marketcap but with low money pumped into it had more effect on the price. This makes me think this time again that can bitcoin get to 10 million in 9 years to come?

I look at the history of gold marketcap which is the highest among all assets, I was surprised about how significantly it has been increasing, but gold marketcap as of today is still $12.344 trillion. This makes me think bitcoin marketcap can not get to $200 trillion in just 9 years to come, but I know bitcoin may get to $5 trillion market cap as it gets to 1 trillion in the last all-time-high. I am not expecting the price to be that more than $1 million or less.