Topic: BTC > 1M ? - page 6. (Read 727 times)
If you look closely at how bitcoin has come all the way then one could easily say that a Million dollar worth of it is realistic. Bitcoin moved from $1,000 to the ATH ($69,00) which amount to a 6,000% increase. If we look at the increase from $30,000 to $1M it will have to increase at percentage of 3,000%. This mathematical looks realistic but there are certain factors that drives the increase of bitcoin like efficiency of mining, government policies, and many more.
Bitcoin to 1 Million is it really possible?
No one will surely give an exact answer about this but we should not constantly value Bitcoin in fiat since fiat suffers inflation. Bitcoin can easily reach that price if Million is worth 100$ later on due to inflation. Bitcoin value will continue to increase when fiat decrease since its not value is not based on fiat but on its scarce supply.
Bitcoin might reach above that projected price in future because fiat is already suffering huge value especially USD. Probably we might use different currency as global currency standards when shit happened on US economy that is now looming.
Bitcoin to 1 Million is it really possible?
Jump to: