Topic: BITCOIN Will hit 1 Million $$$ ? What do you think ? - page 2. (Read 520 times)

Everything will have their time and Bitcoin hitting 1 million is not impossible but it will take a lot of time before it hits to that price. But i don't know if we are ever alive during that time, so what's the difference of thinking too much if Bitcoin ever hit 1 million if you don't get it when you were still alive? I can't imagine if there is still Bitcoin during that time since we all know technology keeps growing and growing.

With the latest news that I've read about him, he's at the middle of the sea and is being chased by the CIA.

Eccentric Crypto Rebel John McAfee Says the CIA is Chasing Him

John McAfee goes dark again, claims CIA in pursuit

Honestly, I would want to see bitcoin hit $1 million but if that comes for sure I don't have bitcoin anymore. But realistically speaking, estimating or thinking that it's possible to happen - it is possible. However, we can't be sure on how long we have to wait until that time comes.

Just to be safe, I'm starting to lower my expectation and it's just about $100k - $250k and if it hits $1M by surprise, we'll it's a great achievement not just for bitcoin but for the whole community.

I think 1 million dollars is an overestimation. We are expecting Bitcoin to hit the $20k mark but it is still lingering around $10k. 1million $ is too much. Let us hope for $20k by the end of the year.

Actually John McAfee made that prediction sometime back you should have probably make reference to that first, and speaking of btc hitting 1million usd, i don't see anything wrong with it from an investor perspective   afterall it is what 99.9% of crypto community wants only   a small fraction talks about the technology (i.e if there is)  this forum is a typical example of the 99.9% who are more concerned about price

no offense, but I think you should call John McAfee for him to come in this thread give your opinion on this topic and talking about of the time traveler



about your thread, I think we will not see this price of 1 million dollars per bitcoin, is a very high price... at most we can see the price of $250,000 next 30 years from now and if it has a global adoption.

Not sure i can say its impossible,and not sure i can say its possible. because the market is highly unpredictable. Won't happen at once of course.

Correct! But even if the unit remains same, the purchasing power varies and that's what is being speculated by the OP! Till the time bitcoin is adopted worldwide at government level, there's no way people will stop comparing bitcoin units with fiat!


Good subject for day dreaming! It's indeed great to dream myself as a billionaire while sleeping and roaming around the city in a Lamborghini with hot chicks around!

Or, given that 1 BTC is actually composed of 100 000 000 satoshis, meaning nearly 2 100 000 000 000 000 satoshis in total, but unrelated to your outrageous price i already answered to in the other thread, it basically means that, no, it isn't getting to that price.

Either way there is a cap. Yes, 21 million sounds scarcer than 2 quadrillion*, but the net effect is the same. It is a deflationary currency surrounded by a world of inflationary money.

*Quadrillion in the short scale used by Americans and many English speaking countries. Its actually just 21 hundred billion in the long scale used in many more countries...

*we need to wait

Looking at the nature of the entire crypto ecosystem, it is very possible for the price of Bitcoin to hit 1 million and it is also impossible. Bitcoin market is piratically unpredictable. Today for instead, I woke up to see the price of Bitcoin at $10600 and within some hours the price dropped to $10271.66 at the moment of making this post. The market is not really predictable.

What does it matter how much fiat people think it is worth?
What is the difference between 1 x 0 or 100,000,000 x 0 or 100,000,000,000 x 0?

At the end of the day 1 btc = 1 btc

The total Bitcoin supply is limited to 21 million. Out of that, the market has lost, likely lost, or unmined 36% of the coins. That amounts to 7.56 million bitcoin units that remain inaccessible owing to human errors. It leaves the bitcoin market with the remaining supply of 13.44 million tokens, the last of which would come into existence by the year 2140.

Consider each BTC will cost $1 million, then the total market capitalization of bitcoin would become $13.44 trillion.

It would make the bitcoin network richer than China, the world’s largest companies including Amazon, Apple, and Facebook, and even the world’s top 50 billionaires combined. Moreover, BTC would become equal to 11.7% of the world’s GDP, 19.5% of global stock markets, and 32.5% of the total money supply – all on a bitcoin-against-the-other basis.

Bitcoin is the talk of financial sector for some time now . Top wealthy investors and Vcs wants to buy it all , but there is only a limit . If they want to buy all also its not possible as it will surge the market cap too high way too quick and the price will rise so fast that even those top wealthy people dont want to buy at such high prices.

So my question is will it reach 1 million as is predicted or its far fetched?

*Calculation Source - newbtc.com