Topic: Bitcoin hitting $1 million is possible. (Read 61 times)

This is a terrible thing people are doing these days trying to stick bitcoin's future on US government's decision.

It seems like they do it from time to time as well. Not so long ago we had them do it with a "rich celebrity" called Musk just because he too was talking positively about bitcoin during a bull run. They did it so much so that some of them started believing that bitcoin was only rising because of his tweets!!!

Then what happened? Musk made a 180 change and started spreading FUD about bitcoin (the environment related nonsense) and the same idiots panic sold their bitcoins.

Now they are doing it with Trump...
Just imagine the number of idiots who would panic sell the moment Trump faces some electrical grid instability and starts the same FUD his buddy Musk (yes the same Musk who was spreading FUD about bitcoin) was spreading and says it is bitcoin's fault and bans it...

P.S. Bitcoin reaching $1 million has been and will continue to be possible with or without US imaginary strategic reserve.

I am honestly starting to doubt that there will be any bitcoin reserve. Because Trump doesn't understand bitcoin, he is also is notoriously moody and easily manipulated.

And if there will be said bitcoin reserve, rumor of it will already have been priced to that $1 million, when they start building that reserve.

Bear market starting from that could actually cause depression in USA unlike anything we have seen before, because there will be unprecedented amount of money tied to bitcoin. And combine that to inflation from tariffs alone.

Obviously trump will blame "radical left" for the next bear cycle, and probably even hints that shorting BTC should be illegal and un-American. That will be against of open markets, but somehow that's now what republicans are ok with. Or he might even use rumors and promises to pump those tokens, that his family is connected to as well. That would mean jail time for anyone else, but trump is now legally protected from things he does as a president.

I thought that nothing could top the weirdness that was happening before in the crypto space, but things are going to get exponentially weirder.

Imagine how the tables have turned. OG bag holders and influencers can soon dump their bags on not only their followers, but on whole USA now.

It's not that it's possible, it's that it's going to happen, you just didn't know.

The question is when.

The BTC to $1M thread

Gold is for the times of dire events in the world.
BTC (which can be considered a digital version of gold) is for times of optimism and prosperity (at least in the minds of people  ).
That's how I see it, and I think it's possible, but not during this cycle, like, at all.

It's definitely possible, check gold which have $18 Trillion market cap while Bitcoin currently have $1.9 Trillion market cap

Technically if Bitcoin price reach $1 Million, it might be around $20 Trillion, which is similar to gold market cap.

I consider gold because almost everyone are accumulating gold to protect their wealth, if gold have such market cap, then Bitcoin market will not be more or less than gold. It's not hard anymore to buy gold, many people are choose to buy gold in IOU version.

Diamond hands + understanding of how far the cycles may lead you, at least on paper + having a target in mind = you will get our great PNL and funds to get more BTC later.
Period.

Predictions that bitcoin will hit $1 million are becoming more and more popular and this reminds me of predictions that bitcoin will hit $100k during the 2021 bull run. It is also because of those predictions many people believe that bitcoin will reach $100k in 2021 and in the end, not too many people took profits and became liquidity for others.

I wouldn't be surprised if history repeats itself again, a lot of people are making profits but after the bull run is over they will cut their losses or will continue to hold bitcoin reluctantly because they believe in predictions like this.

Bitcoin can hit 1 million but that is unlikely to happen in this cycle, we should stick to the original plan instead FOMO and becoming liquidity for others.

This whole thread and news on Twitter seems like a fantasy, yet a decade or so ago, nobody would ever say BTC would reach $100k.
It's not real now, but it may be in the far-far future.

Sounds like a fuzz to me during this cycle, but in the far future - probably yes.
 

Bitcoin hitting $1 million is possible but likely never going to happen not because it doesn't have the potential but the powers that be will prevent that from happen. And yes the powers that be include the those who want the US Dollar to continue to dominate or be the strongest currency, those who want BRICS to topple the dollar, the IMF, World Bank, and all those financial institutions that control the world. There will be chaos because it will mean less depence on them for almost anything. People would be in charge, in control of their lives, their finances. These "guys" don't want that. Power means control. And once they lose control of the people, they become powerless. This is why I think that despite it fundamental and potentials, it will be easier for a camel to pass through the eye of a needle than for bitcoin to hit $1 million.

Watch this video.👇

https://x.com/TheBTCTherapist/status/1861924136160751948?t=mV3zjl6Klgwo0LFxclOgtw&s=09


When Bitcoin was created a lot of people never believed Bitcoin will grow this big and now some people still don't believe Bitcoin can hit $1 million.

Watch this video. 👇

https://youtu.be/TStHIUrGZY8

All you need to do is to keep accumulating and hodling be consistent and patient this two things will help you achieve success in your Bitcoin investment.