Topic: Bitcoin for $1 Million !!! In ten years? (Read 2824 times)

If we should analyze how the trend looks like and you'll draft it out for ten years timeline, there's no significant possibilities to initiate further changes. But the only main point here if we're going to expect that very huge price of $1m, it would rather frustrate every holders if not actually meet. The best ways to handle it is to let your assets remain steady, so you could survive long term holding and take your profits after.

It may be too high to think for that market price but i do believe bitcoin will reach that in more couple of years. Reaching it within 10 years is a bit improbable, IMO seeing how bitcoin has grown each year and how it is also in a situation where it's market price is down that stays for a couple of months.

It is not easy, I will agree with you on that but it is entirely possible that governments are already buying bitcoin but they are doing it in a way so they do not make the price to go up, another possibility is that they try to find the whales that are holding huge amounts of bitcoin and arrest them for some reason and confiscate their bitcoins and instead of selling the bitcoin like they did in the past they could just keep it.

There is a possibility that bitcoins will reach $1m dollar per coin only if the increase yearly is consistent but as of now the market price is down to $10k dollars so it will still take time before the market price will reach $1m per coin.

The monetary evolution of Bitcoin:   

To reach the price of $ 1 million is certainly a difficult thing, especially at this time there is no news that can make users eager to buying bitcoin, precisely when the price looks up so many users will sell soon, the first thing to be able to reach the price of $ 1 million is the end of the year the price can hit $ 40k, then 5 years again hit $ 300k.

Bitcoin Could be ‘First Worldwide Currency’: NYSE Owner

The chief executive of the company that owns and operates the world’s largest stock exchange believes that bitcoin has the potential to be the world’s “first worldwide currency,” and he’s throwing his firm’s weight behind an ambitious plan to make that a reality.

As CCN reported, Intercontinental Exchange (ICE) — owner of the New York Stock Exchange (NYSE) — is forming a new company, dubbed Bakkt, that seeks to bridge the divide between Wall Street, Main Street, and the flagship cryptocurrency.

Speaking with Fortune, ICE founder, Chairman, and CEO Jeffrey Sprecher explained that he believes that — bolstered by Bakkt’s infrastructure — bitcoin could become the currency of choice for global payments.

”Bitcoin would greatly simplify the movement of global money,” said Sprecher. “It has the potential to become the first worldwide currency.”

The move will see ICE not only launch a physically-settled bitcoin futures product but also custody cryptoassets directly and help merchants such as Starbucks — which has already signed onto the platform as a partner — accept digital assets such as bitcoin for everyday payments.

Sprecher says that it could also help conventional asset managers attract younger investors, who are sometimes as skeptical of traditional financial products as asset managers are of bitcoin.  “Millennials don’t trust traditional financial institutions. To gain their trust, banks, brokerages, and asset managers can use a currency that millennials believe in, like Bitcoin. Using digital currencies brings a lot of sizzle,” he told Fortune.

“There is a trend here we can’t ignore in my mind, so I don’t discount it,” he said. “People put more faith in a guy named Satoshi Nakamoto that no one has ever met than they do in the US Fed.”

Keep in mind that based on the chart BTC price should be around $21k at the end of this year - which is not quite unlikely  

Yeah, bitcoin needs mass adoption to reach those levels.  Currently it has limited use, indeed.   As BLOOMBERG has stated recently:

Bitcoin is being used less and less as a currency. After peaking at $411 million in September, only $60 million was spent on goods and services in May. These numbers come from the 17 largest crypto merchant-processing services. The number rebounded a bit in June – to $69 million – but it is a far drop from the same time last year

Bitcoin is very difficult to predict, let alone an increase of as high as $ 1 million in 2027. It is highly unlikely that crypto market will be filled with continuous bitcoin demand until it costs $ 1 million.

I think it will be difficult for bitcoin to have a value of $1 million despite the next 10 years. There are so many investment choices in crypto, and it is very unlikely that all choices are aimed at bitcoin, there are still altcoins which are alternative choices for investment.

You are talking about $21 Trillion of marketcap. No one is going to put this much money in such a volatile and decentralized asset with uneven distribution. It would be hard for Bitcoin to cross such a marketcap unless there is humongous shift of money from fiat to cryptos for whatsoever reason. Right no looking at this market, it seems kind a impossible. But cryptos are usually unpredictable.

every people can be predicted on the bitcoin price that can happen in the future and we only need to wait and still collecting more bitcoin from now on. I am sure that every people is waiting the time and they will save more bitcoin so they can be a rich person in the future. personally, I am waiting for this to happen and like every people on here and in out there which knows bitcoin, I still collecting more and more bitcoin and I hope I still alive to see the price increase in that price.

If the price of $ 1 million can be reached in 10 years, then the price of bitcoin later this year could reach $ 50k, but if the year-end bitcoin price does not reach $ 10k then I am sure that the price of $ 1 million can be achieved after 50 years from now (if it can survive )

All the users hope so, I'm optimistic that bitcoin can last for a long time and the price keeps rising, but I'm pessimistic that $ 1 million could be achieved after 10 years, let alone the unpredictable market conditions.

I think that is impossible. That certainly can not happen. Because bitcoin is competing with many different crypto.

Talking about predictions is always endless. Either since when and how the theme of this prediction has always been a fun conversation. The answer also varies, starting from the waiting period to come up with the peak price of bitcoin, and various kinds the predicted value. I think in an unexpected way this thing might just happen in the future in an unexpected year. The important thing's we all don't get hopeless.

The market is volatile and that is the reason why it was so profitable and anytime the price of bitcoins can skyrocket depending on the demand in the market so cryptocurrency will never die even in the future.

mybe its not possible. it will not reach to $1million anymore because of what is happening right now. 🙂

I think that bitcoin will never cost one million dollars. It seems to me that it is unlikely that it will ever cost one hundred thousand dollars. Such growth of the course will be hindered by various external factors, which we are not accustomed to take into account. This will always be hindered by high volatility bitcoin and negative news information. They will constantly lead to the emergence of a certain panic among investors and bitcoin will invariably fall in price. In addition, a certain part of investors will always sell their bitcoins if it grows significantly in value.