Topic: BitMEX founder projects $750,000 to $1 million #Bitcoin price by 2026 - page 2. (Read 526 times)

Everyone has the right to speculate even if it sounds crazy.
You just need to respond wisely, whether it's in line with your expectations or not.

Of course, it's good if the goal is to attract more hamsters into the right cage.
Overprediction is a hype that is always created by people who have a lot to contribute in the real world and they do that for promotional purposes and
of course, they already hold in advance.

$120k is still a reasonable amount compared to predictions that reach $500k-$750k.
Extreme speculation like this will always appear ahead of a bull run and we should all be aware that this is an invitation to start buying bitcoin before the actual bull run comes

This is the point, don't take everything too seriously.
Do your own research, and pay attention to the speculation that is being done.
If it doesn't make sense be sure to hold your bag tight.

Don't take it serious if you know what's best for you, before Bitcoin hit 69k and turned back in 2021 many prediction are showing up on news online, from popular people in the financial sectors and also in crypto space, it's all a means to tie investors money down so that they can relax and dump on you all.

You as an investor should already have a price target for taking your profits right now, if you haven't figure this out already you are in the same category as those people who are trapped at the ATH of Bitcoin, thinking that Bitcoin will hit $150,000, if you let this deceivers get the best of you there will be sad stories to share by the end of 2025 going into 2026.

The reality price target is around 80k or 100k, I know many will target more but don't sit on your hands watching your return of investment roll down from the hills, start taking your profit and get them out of the way, there will always be fools in this market, avoid getting dumped on by the smart investors.

There is another prediction from Standard Chartered bank predicting a bitcoin price by the end of 2024 of $120,000.
Source: https://twitter.com/BTC_Archive/status/1712771899934064695

This definitely makes sense with their prediction compared to others above $500K, only we still don't know what it will be at that time? Now there has been a lot of speculation coming into the media about the bitcoin price after the halving. In the following year, so many may have predicted that the end of 2024 will be the highest peak again.

The price increase is too big to become a reality (one can remember when McAfee predicted a $1 million price). I think the only purpose of such predictions is to attract more hamsters when bitcoin starts its rally, which usually occurs after halving. Any other reason for such inflated predictions is hard to find.

People already assuming that 4 year cycle would really be an absolute thing to happen whenever we do reach out those particular years on which it would really be that not really that a guaranteed thing that it would really be still happening in the future which same as you said that we dont really even know if there would really be still some bull run on near future. Somewhat as long that adoption and recognition doesnt stop then those probabilities would really be still high but on the sense that there's no way on knowing on what the future brings, then it would be always recommendable that you should really be setting out those risks management well.
Only invest on the amount that you are really that willing to lose or something that wont really be ending up on devastation whenever this market would turns out to be shit or something not that good anymore.

Positive sentiments like this wont really be that much a shocking thing which these fellas had obviously filled out their bags and just trying out to make some positive sentiments to drive on the price
go up and then making some selling whenever the target hits. Therefore, it would be always ideal that you should really know on how to spot those kind of intents which it isnt really that
new or shocking thing on this market or space.

I have the same thoughts, such a performance will be too good to be true for this cycle, however such a price could be reached during the 2029 or the 2033 bull run, and that is assuming we get one, because as we know the halving effect is getting weaker each year due to the block reward getting smaller, and at some point this idea of a bull run happening some time after the halving may finally run into a wall and disappear as the cycles of bitcoin change.

That kind of price range could come this decade but if it does then I think it’s more likely in 2029, a year after the 2028 block reward halving. I think possibly that $750,000 to $1,000,000 per coin in 2025 or 2026 is a bit too much.

The only way I see Hayes being right here is if there is unprecedented institutional demand due to spot ETC’s being approved. Even then though it would take something like an epic run away from the $.

I think maybe 2028 or 2029 we could see those prices, if we’re lucky.

Isn't the year 2026 the time when the bull market starts to transition to a bearish market?  According to the 4-year cycle, the bull market never extends for a year, like in 2021, the year 2022 is the transition of a bullish market to a bearish one and the start of the correction from the overly hyped Bitcoin price resulting in new ATH.

I find it impossible to believe such a prediction especially when I have witnessed how history repeats itself from  2014, 2018, and 2022, when the Bitcoin market started to downtrend after Bitcoin reached ATH.

And there are predictions in the last bull run that we are going to hit $100,000, but the all time high we achieved in $69,000. So yeah, there is a cycle here, every 4 year we will have a big bull run, but sometimes the price prediction falls short because everyone is thinking that it will be really huge. So the question for this prediction is a big if, because we if think about it, might not hit it by 2026. But we all know that the bitcoin market might pull another big surprises so we will see and look forward. But first, incoming 2024/2025, hopefully we can really reach that 6 digits that we all have been wanting to see and it's going to be historic to us and as far as financial market goes.

Do not mind! In fact, I am happy with the expected 30x profit. LOL

They will speak as they please because they have the power as stock exchange owners, so what they say will definitely cause polemics, some followers will definitely believe those comments, but I'm not exaggerating too much, because for me this is quite excessive even though that could happen in 2026.

No one will talk like this, even if they have the most bitcoins, their bitcoins have a high value, as Saylor said, $5M.

Some people may find this kind of speculation interesting, but when you read it for more than 5 years, it all becomes boring and tiring, not to mention that in most cases such speculations are a complete failure. However, everyone who plays with numbers in this way has become interesting to the media, and if you can promote the company and yourself for free, why not do it? People have short memories anyway, if you're right everyone will talk about it, if it's the other way around no one will even mention it.

Realistically speaking, we are at the end of 2023 and the price is below $30k, and the question is whether there will be any major upward movements by the end of the year, and someone says "maybe even $1 million by 2026" and I can only laugh at that and nothing more.

The spot BTC ETF already exists in some countries of the world, futures exist even in the US, but some are obviously so convinced that the spot ETF in the US will be something that will pump hundreds of billions of $ into BTC, as if it is the only way for big players to invest in BTC.

It's not that I personally don't believe that there won't be an effect on the price if the approval of the spot ETF + halving is combined, but I guess we all know that the market is a two-way street where something is bought and sold, and pumping up the price of 1 BTC to $1 million is something that it does not seem at all realistic when it comes to the year 2026.

Many are predicting many prices to be honest. It’s obvious that people are predicting because we know 2024 will be really big for the Bitcoins. Bitcoins follow a 4 year cycle to achieve ATH price and 2024 is the 4th year. So yes there is high expectations that Bitcoins will cross atleast 69k usd by 2024. Now this will increase the hype among people and the demand to accumulate Bitcoins will again increase. So there is high chance that Bitcoins might cross 100k usd or even 750k usd by 2026.

Longtime market participants are familiar with these types of exaggerated predictions by celebrities and most dismiss them as bullshit. But newcomers will be very bullish about these predictions and they may hold bitcoin blindly. In my opinion, this is both beneficial and harmful for newbies: the advantage is that newbies will confidently hold their bitcoins with more conviction. But on the other hand, it's possible that those celebrities want to take advantage of market psychology to quietly take profits. They keep shouting that bitcoin will reach 750k or 1 million USD but they will silently sell when the price reaches 100k or 200k, and those who still believe what they say will become a liquidity pool for them.

I mean I dont mind bitcoin going to 30x of its current price, I am sure anyone reading this also does not.

These guys own an exchange and more price changes means more money for them, so they can make any comment they want, like seriously who cares? If they come out correct, they will just self-validate, if they dont, well nobody asked them to, they will just move or or their mouth shut about it.

Hence I dont give any importance to these type of social media posts. Let bitcoin grow and adapt, who knows what pandemic is waiting for us in the future and hence forget worrying and continue collecting bitcoin.

and it's not impossible, it only takes 38x to reach 1,000,000.
But the problem will be that the journey to $1m is the same as when the price is below $10.

There will be a lot of manipulations made and people taking advantage of the moment to take advantage of the price movement down or up.
I personally am not too enthusiastic about reaching $1 million, just want to see the new ATH above $100k, that's enough for me to sell some holdings for a profit.

Yes, this sounds like a troll that keeps appearing from various figures who say they are very influential.
Seeing a lot of crazy predictions and speculation from the beginning I got into Bitcoin and now it has become a common thing.

Whether or not you want to accept a prediction from someone else is your decision.
Bitcoin prices will certainly go up in the future, but make sure you are also ready for the decline.

Whether it's the Bitmex founder, or Elon Musk, or those so-called analysts out there, a prediction will always be a prediction. A speculation.

I mean I can predict that Bitcoin might reach $100,000 this year? Is it possible? Yes, but what are the chances of it to happen? Close to zero is my prediction. However, I will change my prediction, and I will say that "I predict that Bitcoin will reach 6-digits next year. Months after the Bitcoin halving, it will reach that price." Is it possible, but for sure there's a higher chance that it will happen.

An average person like me can share a prediction, so does other average persons like there, and so does Arthur Hayes, and because of this, I don't already take predictions seriously. A troll can make their prediction, so does those influencers out there. Anybody can share their predictions, their speculations towards the price of Bitcoin.

On the other hand, one thing's for sure though. Bitcoin's price will rise in the long run... or is it??

So, basically, for Bitcoin to really shoot up, we're talking about some bad mojo hitting a major country's economy. It's like folks shifting their cash over to dodge that whole recession deal. And you know what's wild? Bitcoin's shown time and again it can hold its own even when big-shot countries are stumbling. It's like this crypto safe haven, right?

But the big question is, how likely is that recession scenario to go down?

He did a video recently on this, it’s almost 3 hours long but it talks about the reasons why he thinks it might hit those figures. He also explains why it won’t happen right away.

The way he describes the trouble that the US government is in with all these spending deficits it makes it scary to think what might happen in the near future for the US bonds. But he basically thinks there will be a recession, then money printing and then bitcoin will rally.

I would be very happy if it really came true. But it is a prediction and will remain a prediction where we do not know whether it will actually happen. There is no need to take it seriously because there will be many more people who will predict what the price of Bitcoin will be in the future.

The important thing is that we can prepare ourselves for whatever high prices Bitcoin will reach. If you have a lot of Bitcoin, more than 100 BTC, you don't need to think about how high the price is because you will get big profits, especially if you can buy a lot of Bitcoin at the current price.

We will see whose predictions can come true in the future.

That's fine mate, we should really take those predictions with a grain of salt, not seriously because those people that are making this predictions could have some narrative behind why they say that this X amount = 1 BTC in the future.

So we will let it slide, but then again, we should also extrapolate the data and can make our own predictions and see if it will be hit in the future or not.

My point is that there's nothing wrong with making predictions here, so it can be a success or failure, we really don't know until we crossed the bridge