Topic: Bitcoin hitting $1 million is possible. (Read 534 times)

It's not new to see people calling big values in favour of Bitcoin at this stage in every 4-year cycle, but over time, you see them shutting up again, that's the excitement and hope Bitcoin brings during the bull run. Are all of these predictions feasible? Well, time will tell, but I can tell you that Bitcoin will face enough liquidity issues of its own before reaching $1m, that level is huge, it might take decades.

It's all being said now that Trump will make Bitcoin a strategic reserve, well, I am still looking forward to seeing how this guy will make it happen. However, if he is successful, many countries will follow and this will seriously push Bitcoin higher. But I seriously doubt if that strategic reserve will ever happen or happen as big as widely thought.

sure, but it's an obvious trajectory that bitcoin gonna eventually achieve.

deflationary, capped total supply, circulating supply reduced due to lost bitcoin, and massive mining power, these are all such an obvious sign that bitcoin at some point gonna reach $1 million.
it's just a future waiting to be fulfilled at some point, maybe not today, since even with $100k people are already so excited, but wait until there's worldwide adoption of blockchain technology and bitcoin will be branded as pioneer of that technology advancement, $1 million a bitcoin gonna be a piece of cake.

can't wait for the world where people realize that blockchain is the future of financial efficiency.

We shouldn't bridge positivity in the market, we are very far from reaching Bitcoin at $1M but i so much agree it is undeniable to happen. "Not in the nearest future" but certainly in a few complete cycles from now we will definitely make that target, Bitcoin started from Cents and now we are just a step ahead of reaching our first $100K, those who are holding until now are same people who had one day believed in the market and trusted every data from the market. It never took too long to make it here, same with how unconscious we might be when the price raises up to $1M.

The situation in crypto is in fact fine but yeah, unfortunately that still can change later on but before that, we might have sell and enjoy our profits already and we still can take advantage of the dip by buying the coins cheaply, to be able to start a new season again. Corrections are normal but even if let say the price only rise consistently, it is still better to have a patience to continue hodling to be able to see a higher price and sell at them for a bigger profit. As long as you have a proper briefing, you will never be confused here. Ups and downs are not there to confuse us but they have their own purposes.

I agree with you, even if we reach $100k, thinking about the $1 million goal is still too far away. You're right, there's a huge gap between going from $1k to $10k and from $100k to $1 mil and that huge gap is bitcoin's market cap. We would need $21 tril for bitcoin to reach $1 million, I wonder where we would get this huge amount of money. But many people ignore this and think that increasing x10 is simple and doesn't make any difference.

Bitcoin can grow millions of percent in just 15 years but we only need a little over 2 trillion to do that but for bitcoin to reach 1 million dollars we need 10 times that amount. It will take longer than we think, I think it will even take decades if the demand for bitcoin is still there in the future.

It will take time. While the optimism is in there, this kind of news needs time to materialize and to see the effect of it. And when Trump is in the office, he's only got some limited time to implement and make this into reality. I hope that the people that he assigns to make it work will focus on it entirely until it becomes an actual thing. I'm positive that we'll see $1M soon with so much factors and with halving too. But it won't be there too easy but because we're in a bull run, it looks going to be easy but I don't think we'll have a flat line of path going there.

In the long run, we'll likely hit that price because we're talking about its value here, and inflation might increase, making it possible. What's $100k today might only be worth $50k in the future, that's how inflation works. Since it's tied to the dollar value, if the US economy struggles, hitting $1 million could become easier. I don’t want to get too deep into that right now since it’s still a bit early to discuss. But I agree, we need to see Bitcoin hit $100k first before even thinking about the $1 million mark, which, to be fair, not even all experts are predicting yet.

That is what we must do if we want to make a big profit. No need to worry about the current situation because that will change to the better. Having patience in hodling Bitcoin is a must because we will see many corrections that can make our minds confused. So that is why we must have a strong hand to be able to hodl our Bitcoin until the time to sell Bitcoin comes. Although hitting $1M is possible, we still don't know when that will happen and right now, we are waiting for the price to hit $100k and make another new ATH. So you must keep accumulating consistently and hodling by patient and be positive.

Too far to say it lol. There's a HUGE difference from going to 1k to 10k compared to 100k to 1mil. Heck, we haven't even hit 100k yet. Might argue that we're pretty close to it but the market is volatile, it can completely turn itself around for some reason lol. Wouldn't be surprised if it takes half a decate to a decade really. Though I guess considering we did go from 0 to idk, 70k ish in a decade, saying it'd only take another is probably too fast for it already.

Not in nearest future

yeah, let's take it one step at a time, as stable growth of Bitcoin is good for the future. Imagine if Bitcoin actually hits $1 million, sounds amazing, right? But then people start cashing out, panic spreads, and Bitcoin crashes back below $100k?  This could lead to a loss of confidence in the market due to high volatility. Actually, it's good that year by year the volatility has been decreasing, which signifies a more stable market. So, I say let's go one step at a time, $100k, then $200k.

Correct, since any speculated figures is acceptable since we don't know what future would bring on bitcoin. To many doubts before if bitcoin could hit this current figures and bitcoin proves that those doubts is wrong since we are here almost reaching $90k+ at the moment. The one speculated by people now is on when the $100k price would be hit since for sure that this will bring new good looks for people and imagine the exposure it will get if Bitcoin finally would reach at 6 digits in figures.

$1m is possible to happen so lets keep forward on what other good developments will happen that can help bitcoin to reach that price.

That was a big claim to make before Bitcoin was even 10k USD. At the time, the majority thought Bitcoin hadn't proven itself. Now Bitcoin has almost reached 100k and after 15 years, Bitcoin has proven itself in the financial markets. It's not a big deal to say that it will be $1 million after this time, it's already expected to happen. It won't happen in this or the next bull period, but it will happen one day.

I believe this to be the case

But the cat is out of the bag now and we could be caught in the middle when, as the OP's post states
-the rest of the world wakes up and decides it needs to have Bitcoin in their reserve.

$100k is absolutely massive on Bitcoins upwards trajectory and now that this has been reached* all of
a sudden $1m is no problem.





erm - have you not watched at least 1 video of Michael Saylor?

21,000,000
Decentralised
Deflationary
Secure global network
Digital money
Unconfiscatable
Isnt like oil and gas or precious metals - Oil and gas are commodities, Bitcoin is an asset
On Gold M.Saylor said "Bitcoin has all the the metal's great attributes, but none of its problems."

100% correct
Finite supply
Decentralised
Deflationary
Secure global network

best to keep holding Gold then cause that helps in times of global natural disaster and war

Bitcoin has moved on from that way of thinking, there is no bubble because there are new investors
with a new way of thinking about a new asset class.

Tulips were commodities

$1 million is just a matter of time for bitcoin but it’s very possible in my opinion and view about it. Bitcoin since inception has really made a lot of progress and it continues to show that positive growth till date. We are currently in the bull run season where we are expecting that bitcoin will hit $100K soon. This is a price a lot of people have been anticipating for bitcoin in this bull season and sooner they’re all expecting it to reach and cross that mark. The early adopters when asked when bitcoin was invented whether it’ll reach this price value one day, they won’t be so confident in saying it will, but after seeing the massive growth from that time till now, they will not hesitate to not deny that bitcoin will not reach $1 million one day, it’ll just be a matter of time just like it was a matter of time for the price to reach what it is today. The positive progress of bitcoin can’t be denied and no one will want to deny that it won’t continue on this trend for years to come.

After a few bullish cycles to come, I don't think $1m is out of the question. But now, I also agree with you because after all $1m is still too far away to be expected to become a reality. An important goal to reach now is $100k, but it still seems difficult after a few tries. The market looks more stable so far for bitcoin although a few days ago it tested the $90k support for a while, but the rebound was quick and now the price is approaching $98k.

I still find it hard to believe that Bitcoin will be worth $1m in the next 1 to 4 years, but if the bullish scenario this time remains the same as it has been in the past after the halving, then the $1m price prediction might be reasonable. However, this is a prediction and is clearly not necessarily true even though it is possible.

This is very similar to how the early adopters of bitcoin when it was around $600-$700 must have envisaged bitcoin reaching $100k and now here it is and closer than ever.
 $1m is a whole lot but it's also possible for it to happen in the future. More investors can also act as a contribution to such increase in price. Meaning if it happens the market cap(price × total supply) of bitcoin will definitely be 21 trillion. That's indeed a whole lot.

Trump is not the only one thinking about this idea, Senator Lummis also proposed that the government should sell a portion of its gold to buy bitcoin as a reserve strategy and diversify the national reserve assets .


Exactly, no matter how good bitcoin is, it still cannot be compared to other physical assets, but many stubborn people still deny this . But one thing we need to remember is that the United States is the world's leading power, the whole world almost depends on them . so if they do that, the whole world will follow. As long as they are the masters of the game , it will be very difficult to harm them .

Honestly, while I still want it to happen but I still have a lot of doubts about the idea. I don't think bitcoin will end as badly as the tulip bubble but it's also not as perfect as many people exaggerate .



https://thecryptobasic.com/2024/11/22/senator-lummis-calls-for-us-government-to-sell-its-gold-to-buy-bitcoin/

I still don't get the whole idea of the US government making Bitcoin a "strategic reserve". I thought that Trump was joking, when he proposed this(or maybe he was desperately trying to get votes from the crypto community). What is so "strategic" about Bitcoin? Bitcoin isn't like oil and gas or precious metals. Bitcoin is a bunch of code and nothing else. Holding lots of BTC won't help the US government in case of a global war or a global natural disaster.
At this point the Bitcoin pump looks more and more like the "tulip mania" in the Netherlands. Everyone wants to profit from the bubble and nobody knows when the bubble is about to burst.

Not gonna happen anytime soon. Right now, we’re just aiming to hit $100k, and even if we get there, breaking through to $1 million is gonna be tough. After the bull run, we can expect a heavy correction because that’s just how the market works. If the same cycle happens, it could take years before we hit $1 million, if we even get there at all. It's fine to dream of that price since Bitcoin started at less than $1 and look where it is now, but we gotta be realistic about the timing.

Most people are using the potential to make themselves think above time because the $1 million Bitcoin price is way very big to happen within few years, so actually what we should be looking at now in term of Bitcoin price prediction is anything within the space of two to three years from now because the price of Bitcoin will definitely not be up to $1 million in a short years, so actually the reason why I said two to three years is that even if we did not get the prediction accurate but it might likely be very similar since the number of years is very close, though $1 million milestone of Bitcoin will eventually come to pass just like how the $100k plus will soon come to pass.

Does the increase in gold price affect the USD? If gold has no negative impact then neither does bitcoin because they want to turn bitcoin into an asset, an investment and not a currency. What Trump or any US president has always cared about is the strength of the USD against other countries' currencies, not against assets like gold or bitcoin.

Not to mention, if the US holds the majority of bitcoin and the price of bitcoin hits $1 million, this will do them more good than harm as you might think. I'm not sure about Trump's idea that they would use bitcoin to pay off the national debt but if bitcoin hits $1 million and they hold a majority of bitcoin, then they could do so.

For me I believe bitcoin will hit $1m but not as soon as possible because we need like 11x of bitcoin growth from now which may be possible depending upon the massive adoption of bitcoin. Although speculation/rumour had it that people are beginning to follow suit with Michael J Saylor of microstrategy Perttan of bitcoin accumulation. Because according to recent news many companies have started accumulating bitcoin using Saylors strategy and this will reduce the numbers of bitcoin in supply since they are not going to trade but HODl, they will make the demand of the available coin in circulation to be high and supply low. For example if BTC10m is kept in different wallets in (HODL) and BTC9m is left for demand, what do you think will happen to the remaining BTC9m? Surely it will become scarce in circulation And the demand of the remaining will be high and bitcoin will increase so rapidly to meet $1million

OP need to calm down because I think overtaking any stock in existence in term of market cap will be the next milestone



$1m for this bullrun cycle just seems too far fetched since money needs to come from somewhere. surely at some point, if many governments support legalization of BTC it will get as big as gold but it needs time.
I think within a decade we will be nearing that valuation though.

Bitcoin will go to one million dollars but it may take decades but if Bitcoin hits one million dollars right now then its market cap will reach 20 trillion dollars which is quite impossible.
However, in cryptocurrencies, the impossible is possible, so for now, I am not discounting the possibility of Bitcoin reaching a million dollars. But if Bitcoin completes the waiting room of 100k dollars, maybe the next waiting room of Bitcoin will be 200k dollars. In this way, Bitcoin will gradually achieve new milestones and at some point in the future, it will cross the milestone of one million dollars.

No, I’m comparing Bitcoin to the global stock market, assuming Bitcoin will hit $1 million each, which would make its market cap $21 trillion.
Here’s the simple computation for that.

Total Supply: 21 million BTC ( maximum)..
Price per Bitcoin: $1,000,000
Marketcap: 21,000,000 BTC × $1,000,000/BTC = $21,000,000,000,000 ($21 trillion)

I believe Bitcoin will hit $1 million dollars at some point in the future. Because in 2010-11 when the price of Bitcoin was very low, no one believed that the price of Bitcoin would reach this level. The price of Bitcoin has hovered around $100k. A few days ago the price of Bitcoin was $99595. Since the supply of Bitcoin is limited. Bitcoin will become more popular day by day. So at some point in the future we will see Bitcoin hit $1 million but it will be a matter of time.

Very much possible but unfortunately for this to happen,  demand has to sky rocket and institutional investors are buying huge chunks to have price jump up..by creating a bull run and everyone buying via herd mentality.

And just the thought of a 1million price tag is crazy...what would be the transaction fee for such a coin, what would a satoshi be able to buy ::)I think I started to day dream otherwise one step at a time.

And we do need to print even more paper money on which this isnt really that a problem eh? Whenever i do see these kind of positive news about predictions on getting a million then i do always have that assumption that we might be seeing some price correction on the way. Usually these kind of sentiments or comments or predictions have these kind of behavior at least but well its not really that happening all the time. You could usually be seeing these stuffs when we are near bull run period or time on which numbers are going crazy but well this had been long time prediction about a million per coin. Actually this is possible but knowing on when it would happen then it might be something that wont happen in our current lifetime,maybe into my granddaughter then it might happen but since there's no assurance on what will happen in the future then this is something that remains speculation on which its always be. Therefore, if you do really that having those high hopes about Bitcoins potential then you could always opt in on accumulating it as much as possible as we do all know that totally supply would really be just that fixed and if adoption kicks in we do know that value will increase on which this is common sense.

This will hardly change since only BTC has this price. When some of the major alternative currencies go up and have a higher value, this percentage will change. Indeed, BTC always affects all other currencies, so it should remain that much lower and not go to $500k or $1mil. I would like to believe, like you, that the new generation of investors will change this scenario, but I really find it very difficult.

Isn't you should compare global stock market cap with cryptocurrency market cap instead of Bitcoin market cap? Bitcoin is only one coin from the whole cryptocurrencies. Currently cryptocurrency market cap is $3.41 Trilion, assuming cryptocurrency market cap can hit $100 Trillion, Bitcoin might be have $50 Trillion because it's always hovering around 50%.

We need to wait for the new generation to get older because majority of people who invest in cryptocurrency are young people.

This is a futuristic prediction and I so much believe in it to happen at the designated time for it. $1million could take many years for us to reach there but what is more realistic is that bitcoin is capable of making that high as it continues to grow rapidly in the financial market realm. Not all holders can hold for that long, so many will sell at highs and buy back at lows. Taking profits intermittently is also a good one, it reduces emotional stress of losing the gains you’ve accumulated and seen overtime.  Buying and holding for a long time is another big job on its own, not everyone can do that even though they so much believe that bitcoin will reach that highs in the future.

Why not? The global stock market is currently worth $109 Trillion, so if Bitcoin hits $1 million each, its market cap would only be around $21 trillion. That’s still realistic in comparison. ... That would also only mean that stocks marketcap will drop because some investors will diversify with bitcoin.

if this would happen, we will surpass $17.842 in marketcap.

USA getting into it could make 1 million get here quicker, there is no doubt about that. But also, if USA never have that reserve, we would definitely still see 1 million eventually, it will take a longer time without a doubt but it will happen. The sad thing is, bitcoin has grown so much that a 10x discussion is based on the biggest economical power in the world making a national reserve out of bitcoin.

This is why so many people go towards altcoins, because getting 10x is simple, some whale jumps in and it becomes 10x, and that's why it's easier to make money there and many people do that. I understand the logic isn't really that complicated, which is why at the end of the day things aren't that simple at the moment but should be quite simple eventually, we just need some more time to see which one will do better, btc or alts.

Is bitcoin hitting $1M our major concern? NO, are you hodling? that should be the question and the most important thing. When the campaign of bitcoin reaching $100k came up, a lot of people were just watching the price movement almost reaching that milestone without a single bitcoin that they hold or in their custody. It is better for us to concentrate more on buying and hodling more bitcoins so that when the price hits $1M, we will also be massive beneficiaries of the profits that our investment would have yielded by that time. Bitcoin hitting $1M is obtainable if all the factors that can help the price to  skyrocket further still continue in the positive direction.

In as much as the possibility of reaching $1m is not looking close at the moment I wouldn’t call it and impossible price to come, bitcoin has done a $100k in last 15 years and in this 15 years it has actually faced many FUDs that ideally were supposed to actually stop it from growing but where are we now a $100k just another 10x and we ate there.

Personally I wouldn’t rule out the possibility of a $1m because I believe the Fud at the early stages by indications will be much sever than what will be coming in the future, if you look at the way most countries now are actually relaxing their laws against bitcoin it looks like the strict laws might be looking to be over and that’s a way bullish news’s that can result into more adoption and positive growth to this seven figure price that is looking more impossible to us

20 mill coins at 100k is 2 trillion
20 mill coins at 1 mil is 20 trillion

I could see it happening.

A lot of plays are in progress.

The USA debt is huge massive gia- mother fucking- gantic.

So what tricks are up the sleeves of the Dollar people.

This is what we must ask ourselves.

Shift to BTC and further downgrade of the dollar makes that huge debt easier to pay off.

Since the world trade center was destroyed in 2001 every year 2002 to 2024 the USA added to debt not one year in the positive.

A change is coming. It is not brics (too many players to agree this brics will fail)

Next four years will be pretty wild.

Well they are already not in control. Its the real why the WW3 is already in their mind, they want the world to burn than allowing the South to rule.

Although it may not really happen in this cycle, $1M would still be a good price to expect. This is more than likely just for those new comers to start feeling the FOMO and then buy while the price wouldn't rally go that high. Its just like how they hype $100k before but seem like will only happen in the next bull season, this season.

We don't need to rush about seeing bitcoin come to the highest of all time to about a million dollar per bitcoin worth, also, there is a possibility of the market continue to increases the more we are going ahead of time and before you could know it, we are there already, getting to this range is possible, just that it will take time to get there, bitcoin has been showing an increasing pattern over time, even right form the start.

Is there anything more impossible for bitcoin not to achieve anymore? I don’t see that anymore after the good records that bitcoin keeps breaking year after year. $1 million dollar may look very big and we may not see it happening anytime soon and probably not even in the next five to ten bull run cycles that will be coming up. The bold step from the US government will serve as a fuel to fasten it also but then when we think about the US dollars, I don’t think they will allow it to just go into big depreciation. Bitcoin reaching that price will give a big threat to the US dollar which I don’t think the American government will be ready to compromise. We just have to wait a very long time to see how things unfolds for the future of bitcoin and how they relate with one another for the success of bitcoin in the future.

1 million is completely possible and I say that as a sensible boring person but the big but to that statement is you are asking that question much too soon.   If it happens this decade it will be of some concern to quite a few people, it might even be counter productive in garnering too much attention, legislatively etc.

Its not happening this cycle imo and would not make sense, even this decade is rushed imo.  The reason its not fifty years from now is the dollar decline, it should be that BTC grows alot faster but its not quite true just yet.

There is some advantage to round numbers I'm just realizing.  We advanced so far since price was 100 when I first registered here; now we have 5 zeros in the dollar price & also zeros in the BTC price.

I know some doing phd maths but Im more a fan of simple tricks and ease of execution.  If your BTC price or satoshi price has say 4 zero, its a thousand satoshis or so then you can get the dollar price by noting the 5 zeros in the dollar price and moving the decimal point just once.  
So 1000 satoshis is 1 dollar as we are so close to 100k.  Im not talking precisely dead accurate pricing just on the spur type conversion.

   Im the type of person who thinks the simple things matter and I like that easy conversion anyone can do and everyone has an idea of what is a dollar worth, now they will (soon) know in Bitcoin a 1000 satoshi value very simply.    If 1m is a target its mass appeal, not elisism but very small simple change.

  People got to be able to buy a beer drunk and not risk emptying their wallet by accident, BTC has to be incidental a no brainer even for people who dislike tech like the modern remote control level of ease; if this occurs then its a world product and $1m is quite fair.

I do not calculate it yet, but from my my rough calculation, bitcoin will get to $1 million after its marketcap would be between $18 trillion to $20 trillion if not more. This is not something easy to achieve. Bitcoin can easy add more digits when the price was low, but as the price increases, it will not be easy.

But what I know is that bitcoin will remain as an asset of value that its price will increase in long periods of time.

Yeah, but 1 million can come faster if hyper inflation hit us earlier. The hyper inflation would contributed a lot to bitcoin's price, but i dunno when. It may be next year or next decade.  

Let the government print as much fiat money as possible, then help BTC to reach 1 million asap. This sounds crazy, but a sense idea.

$1M bitcoin? It is likely to happen but not sure in the near future, where now Trump wants to make reserves in bitcoin as promised in the campaign, actually this is not certain that politics can be said to be manipulated in the sense that Trump can not do it, and what if during his term Trump does not do it?

Just my own speculation, that bitcoin will continue to rise to its peak, but just wait.

Any price that's being speculated about bitcoin I believe is possible. I don't have to doubt what I don't have control over. Let's play back to 2010, if they had told people that time that bitcoin will get very close to $100k in 2024, majority of them would have doubted, because back then $100k was unimaginable, but today we are just few dollars away from getting past $100k. So $1M might be looking so big and a lot of people will still be doubting. As for me I won't make that mistake that most people did in the past by doubting instead of accumulating and waiting for the right time. Bitcoin has no top, it's only a matter of time for it to hit a certain price level. So I believe that $1M is very possible, provided you can exercise the level of patience required.

I myself also didn't believe in bitcoin when it was launched and I never even predicted that bitcoin would reach a big increase like we see now and now everything happens beyond our ability to think.

To achieve what you said, money is needed to accumulate and maybe the excess in bitcoin can be bought according to our financial ability. Consistency in accumulating is very much needed because in that way we can slowly collect it and also have a much easier pattern where people can use DCA as a step to continue collecting bitcoin. Patience and consistency in holding will be the key to success in investing in bitcoin and it must be maintained if you want to be successful.

I don't know if this bill will pass Congress or not, but not only Trump but some senators also put forward the same idea as Trump. Trump was the first to come up with the idea, but he is not the only one in the US government who wants to do this. So even if Trump doesn't make this proposal, sooner or later, pro-bitcoin senators will bring it to Congress for consideration. If this happens it will be a good thing and will have a significant impact on the price of bitcoin. So instead of being skeptical just because you are a Harris supporter, you should support it.

By the way, if they really want to do it, whether we like it or not, no one can stop them and the only thing we can do is adapt.

I believe in the possibility of Bitcoin hitting $1 million someday, but that would not be as soon as some people have thought. We should first of all see Bitcoin reaching different milestones in the price of $200k, $400k, and $700k before the $1 million would arrive. The $1 million price wouldn't happen in a twinkle of an eye. Those who anticipate it would be patient enough to hodl Bitcoin in different bearish and bull run markets circles because that will be a whole lot ride that one would be tempted along the line to sell their Bitcoin for $150k, $400k, and 700k before $1 million price happen.

As for me, I plan to sell my Bitcoin at $150k during this bull run before considering higher prices, in the next bull run

Like for real man it's retarding. Infact before I opened up this post from my bot I was like please let this not be related to political matters and a twitter post and here have you!! (Sighs). The fact is that at some point I get this kinda aura and feeling that bitcoin's decentralisation is at stake not based on network consensus but based on price action and manipulation. Infact I've have the thought for countless times that I had to create THIS POST to let it out.

One of the most alarming problems we are underestimating is FOMO because that's what big firms hodling bitcoin for profit only purposes use to take advantage of the market by manipulating price with their sudden new ms of moving or selling off some bitcoins.

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.