Topic: Could Bitcoin Hit $1 Million by 2026? Arthur Hayes Makes Exciting Forecast (Read 810 times)

I can understand you perfectly well. It is more or less looking like youthful exuberance. Most of those predicting just want to feel rich when they calculate the quantity of Bitcoin they have and the exorbitant price they are quoting.  Anyways, this is good for the blood pressure and the health in general.

Going by the Bitcoin four years cycle, 2026 should be a bear market as the market is expected to peak in 2025. So I wonder where the price of $1 million in 2026 is coming from.

I doubt if the predictions will make any impact. This is not the first time people are making predictions that rarely happen. Even influential people make predictions yet people don't take them too serious.

However, the fact that bitcoin price has reached a very good position in the market currently, I guess that motivates other crypto analysts to level up their predictions that most of us have even think it a lot of times if its still possible to achieve or not. Well, I have no issues with this kind of predictions because they are not forcing us to believe on them as well. They are just sharing their own expectations with bitcoin price, and we have to stick to our own as well.

But if you ask me regarding this price prediction, for now I prefer not to believe on it. But I am open to a change of views and concepts later on when bitcoin price has finally surpassed the $100k price resistance that we have been predicting to achieved with those previous years.

I also think like this, but for what I can see I would guess many people think it is basically a given that bitcoin will reach and surpass the 100k level during the next bullish cycle, however even if that was true I still prefer to concentrate on the goals that can actually be achieved instead of dreaming with my eyes open, as those that make those wild predictions are the kind that later will regret about not taking the right decision at the time as they simply believed the upside bitcoin had was massive, only to be disappointed at the end.

I like how all these guys throw their wild predictions at any given opportunity, and one this about shooting in the dark is that the more they shot the more likely that you will hit something, so with these continued predictions someone will have the correct prediction and claim they saw it coming... smart right lol   

Anyways these predictions are good in the short term as they could cause some panic buying and end result is soaring prices, don't underestimate power of an influencer  who has an interest:)

Maybe that will happen, but not at this time that we are facing or in the coming bull run next year. I don't understand why others say things as if they want to speed up what they want to achieve with Bitcoin, as if it's that easy to happen.

For me, 1 million dollars per bitcoin is just a dream right now, but it won't happen for now, like what others think will happen in the coming bull season.

We didnt even expect that Bitcoins price do able to break that 19k before, we've been able to hit up 30+ which we did assume that it was the peak but its not. We've been able to reach 69k as its ATH
on previous bull run that no one really hat anticipated or really that expect for those prices to hit up that high but now that we are talking about a million per piece then this is something that we can say it is really that too far off or something that cant really be that realistic or something that cant really be achieved in a short period of time. Somewhat there's no way that we could really be able to conclude out
and this is why there are really those people who are really that hoping for this thing to happen.

2026? It is really just that too short considering that the price is already that too high or its value. Even if we do say that a decade more wont really be something that realistic that we could be able to hit up that high. If we do really tend to look up with those cycles and its movements on every year basis then we could really be able to tell that it is really that something that too easy to achieve.
Everything would really be that vary on the demand and recognition and adoption on which the price could really be able to shoot up with those ranges but there would really be
always a perfect time for that.

Like I keep saying, and as pointed out by the first guy I responded, yeah!! It's a lot, and that's exactly to say the least.

It's not just about the big amount, but the amount in comparison to gold (which it must beat), total global assets market cap.

Gold is 5% of entire world asset, totally believable, but can anyone believe Bitcoin will beat >5% of world asset in 10 years? I bet even in this forum in 10 years most people don't have 5% assets in BTC. Judging from all the spamming and begging lol.

There were many things that we thought would not be possible in the market and they did happen, but we still need to move forward with realistic steps. Maybe we will reach that price after 10 years, but 10 years is a long time and there is a lot to overcome.

We expect Bitcoin to achieve many things and reach everyone's target price. Some things don't happen quickly and take time. Successes that occur gradually over time become more permanent. I want it to be this way.

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A $20T market cap is a lot to say the least. BTC is far from reaching that position anytime soon. But it will get there, as mainstream adoption continues to grow at a non-stop rate. With institutional investors getting in the game, it should only be a matter of time before Bitcoin goes all the way to $1m. Subsequent halving events should get us there faster than we've previously imagined.

I'd buy BTC while it's still "cheap". We may never see BTC being worth less than $30k ever again. FUDsters will always try to discourage people from buying Bitcoin. But the cryptocurrency will emerge bigger and stronger than ever. With how successful it has been since day one, governments who once rejected the revolution would have no choice but to join it. Who knows if BTC will co-exist with CBDCs in the future? Just my thoughts

Despite the fact that I'm very optimistic about the price of Bitcoin doing great in the future, I kind of doubt if we will see Bitcoin reach such a price of 1 million dollars come 2026. We are expecting the price to top out in 2025 and create a new ATH based on its past historical data or performances after each Bitcoin halving year, therefore this prediction contradicts the  4 years Bitcoin halving cycle that is usually followed by a bull cycle and a bear cycle, so we are supposed to hit the bear market by the year 2026 and I wonder how that price between $750,000 and $1 million by 2026 would be met at the period.

We were close to $100K but we never reached that price, if I remember correctly the 2017 bull season also had some expectations of that price and in the 2021 bull season, those expectations were repeated again. But after 2 bull cycles, we still haven't been able to reach $100k, so I think we need to conquer $100k before thinking about further goals. People are setting unrealistic expectations and making predictions that we don't even know will happen or not. I think we should live realistically rather than set too high expectations and then live in illusion with it.

Perhaps the $100k-$120k is rarely discussed because we are already close to achieving it, remember that the last time we had our all time high, it's around $69k, so it's less that twice that price. And now that we will see the catalyst of another bull run which is the halving next year, everyone is seeing around that price already. So we or at least Hayes is looking beyond that, and predicting what could happen in the next decade or so after the next bull run. And that is why the prediction is very absurd for now, and just by looking at the math and how the growth is, it's impossible to hit that number by 2026. At least we should give more time to bitcoin, maybe 12 years or more after the next bull run, or 3-4 block halvings and we will see if this can be achieved or not.

Another decade almost doubles the lifespan of Bitcoin. I agree to reach $100k is huge from zero but again that is for something new and with modern spread of information with internet it's easy to achieve multiply times growth.

But see from 2017 to 2021, only 3x ATH price, for 70k ATH to 1 million is 14x. I find it very hard to believe this is rational, not simply from price growth but as I pointed out much earlier, market cap.

As much as we want to use patterns, market cap is a reality we can't really ignore.

One thing I see is that predictions of $100k or $120k are rarely discussed and instead, predictions of bitcoin reaching $1m or $10m are always discussed. Meanwhile, the goal that most of us aim for is 100k$. That shows how high people's expectations and greed are. But honestly, I have never thought about those goals, I like to live realistically and I agree with some of those opinions: we haven't even reached $100k yet, how can we reach $1 million? I think the people who made that prediction are obsessed with bitcoin or they have their own purpose in deliberately creating that attention.

It is also important to set goals for ourselves and avoid being consumed by greed, obviously when I see predictions of bitcoin reaching a price of one million my mouth salivates as that will mean I will obtain huge profits thanks to it, but when it will happen and will I still be holding my coins? That is what I do not know, so I would think it is a better idea to set more down to earth goals, since I am sure even a price of 100k will greatly help those which have held their coins for a few years already and change their lives for the better.

Anything can be said but make sure you watch the prices closely and cut your losses if the prices start to rise too quickly.

Another 10 years or a decade would really be that short if we do speak about $1M per coin price, imagine on how far we do only be able to reach out on decade+ as of this moment. We arent that blind on not to see this rollater coaster ride like kind of market on which there's no way that we can really be able to tell that this was predictable in the first place. All of us, whether you are known or average joe into this market would really be always ends up on being speculator. There's no way on knowing the  future and there's no way that there's someone would really be able to know on where it would be going. Every number had been given or speculated
wont really be that bad, some are really just sharing up with their honest insights and there are ones who do have that kind of manipulative intent behind of those words.

$1M or not, it would really be that not shocking that majority of people on this market space wont really be that easily be beleiving on such number. We would really be almost needing that full scale
adoption and government recognition or integration for us to see this kind of probability but we do know that not every corners of the world would really be that definitely be having that positive sentiment
towards Bitcoin on which we know that these are the factors which do really slows down but doesnt mean that it could be stopped. Adoption is on the move but dont make yourself
that in a hurry.

As much as we are an optimist I think that we still need to be grounded in reality so, bitcoin hasn't even crossed the 100k mark yet so it's unlikely that a million is a possibility during that time period, from what I can take from this is that we should continue buying and accumulating bitcoin because with that kind of forecast, who knows who's forecast is going to right and on the off chance that this becomes a reality, you don't want to be missing out on the potential profits that you could've taken so just take it with a grain of salt.

I'm still not sure about 10 years but yes, it's way more likely then now, because right now gold is in low supply, every year I read that banks are looking for more gold. If I'm not mistaken even in Europe some banks forced gold investors to sell to them, and here in Asia you can buy digital certs with contract expiry but hardly any permanent physical buys.

I know benefits of bitcoin vs gold but I'm talking about pure supply + scarcity. And maths. I love the idea of Bitcoin = 1 million but 20 trillion market cap, just imagine what that means first.

even hitting half of that is already such a feat, i think 1 million dollars possible when total supply reduced significantly, maybe if there's burning mechanism but honestly it'd be ideal to have bitcoin around $200k and have current total supply then it'd be golden for bitcoin since $1 million, a bit of a stretch if i think, even i think reaching back all time high would already need quite of the effort but honestly, people in the past never expecting bitcoin to be hititng $10k let alone $100k, it'd also be great for altcoin if the altcoin doesn't entirely gets dominated by bitcoin in term of market capitalization and got its market cap reduced a significant amount.
but we'll see maybe his statement could be realized in the future who knows?