Topic: I'm curious about your thoughts on when Bitcoin might hit $1,000,000 - page 2. (Read 669 times)

I will reply to this post with the title because I don't like clicking any link that is associated with untrusted site, therefore I will skip clicking it for the safety of my system. Then moved down to the price of $1m, to me there is nothing new in cryptocurrency and there is every possibility for us to achieved such price level, but most times people just speculate about the price of bitcoin without them knowing whether it must get to that price or not, like anyone can choose whatever amount they feels like to talks about it.

I can say the price of bitcoin can hit $5m dollars in 4 year time to come but that doesn't mean I have all necessary information or have the power to boost the bitcoin price to that level of $5m, is just that people would keep speculating and carrying the news all over the media that by such year bitcoin could hit a certain price like this, therefore people will start putting their resources to secure some portion of it since they already hard the news, with this demand increase and the prices starts increasing uncontrollably. At some point we might also experience down time whereby bad news and some unforeseen circumstances could starts troubling the market. 

The inflow following the ETF approval will surely continue to come but not as but not as massive as before. I am thinking that the ETF effect have already been felt. The recent market unwillingness to go beyond the $70,000 might just mean that is how far the ETF could take it. If that be the case, any other big rise in price is expected to be caused by the coming halving and not the ETF again. The time Bitcoin will reach $1m is very difficult to predict but eventually it will get there, maybe after several halving events and more important developments like the ETF.

The link is broken, it says 'page not found'.

But going to what you're asking, I believe, and it's most likely, that that will happen in the 2030s. Any sooner is almost impossible, it would have to go up too much in too short a time and it takes a lot of money to move such a high market cap.

Later, i.e. in 2040 or later, I would see it too slow, and disappointing, especially if we take inflation into account.

From current levels, if we assume a minimum of 2.5x and a maximum of 4x per cycle, it is normal for the price to reach 1 million in about 8 to 10 years.

Yeah, I am guessing another 3 cycles at least. So, this year we will have a halving, then it will go up, in 4 years we will have another, which is 2028, and in 4 years after that we will have another which will be 2032. So considering it is a year later that we peak, 2033 could be the year we could see a million dollars.

This is of course just an estimate and I do not have any real data, nobody has any real data, we are just making sure that we know what we are doing and not really putting up any trouble at all. We need to consider that things are not that simple, or we will have a lot more trouble if we keep thinking that we are going to do better. I personally believe that we can all just make assumptions, that's it, and this is mine.

That's a possibility because we can't know what might happen in the future, however, even if there is no other asset or technology created that surpasses Bitcoin and its popularity, it would still not be easy for it to reach $1m because for that to happen, Bitcoin would need a lot of adoption and a huge inflow of investments because the price only increases when there is high demand and that demand would only make it go that high if there are more and more money being invested in it.

The current market cap of Bitcoin is a little above $1.3T when the price is around $69k, so for it to reach a price of $1m, it will need to have a market cap of more than $18T or something and that is huge. So, we might not be able to see that happening very soon even though it might not be impossible.

Well of course, it's not only bitcoin that will be going higher prices but also the other ones such as Etherium and more altcoins. Especially now that there is more and more integration of cryptocurrency interaction all over the world. It is way easier and more convenient. Fundamental wise, Bitcoin is positive. Technically is bullish too. Talking about market cycle and halving in which the reward in mining will decrease. The lesser, the higher increase in price people are expecting. This may not happen right away but it surely will.

when bitcoin is at a price of $1 million then I will be very happy, I am sure everyone will join in cheering and celebrating that, and one thing I am sure of, the price of bitcoin will continue to rise and will definitely reach $1 million dollars one day, bitcoin is not stopped, the value continues to rise.

it did depends the place you are because if you are living in a place that one hundred thousand dollars worth nothing I don't think that you can utilize it, so therefore whatever you are doing concerning bitcoin and the values worth in your country, it depends the correspondent values with the values of your country currency.. inflation is mostly everywhere in the most of Africa countries and if you don't utilize one hundred thousand dollars you will not do anything that will pleases people's eyes...it depends on the kind of business venture into or the kind of project you want to do.

from your first comment it's obvious that bitcoin is unpredictable and you can predict the future this way and another thing will happen for the future of Bitcoin, so therefore I believe that the price of bitcoin is getting to something else, we can not be fully exaggerating on the price of almost every time. I will be of the opinion that we should not be over as I directed and become price or in Bitcoin analysis but we should do you that opportunity and hold until when the future will determine.

what is the exactly what we are saying concerning the price of Bitcoin it is obvious that this expected or estimated price here can happen but none of us who is Present today can witness a such price of Bitcoin in future maybe before it may happen our offsprings will take over the cryptocurrency industry especially Bitcoin so I don't think that some of us will be alive and they will experience such values of Bitcoin equipment in the world.

Yes, I know we are on the speculation board and people feel free to make their delusional predictions, bitcoin reach 1 million, 10 million or 100 million in the future. But what I want to say is that we should be a little more realistic and slow down a bit, enjoy what we have instead of dreaming too much. Because sometimes we set our expectations too high but then things don't turn out as we expected, we will be filled with frustration and feel like everything is falling apart. We are investing with our own money so don't let illusions cause us to lose money or lose profits that we could have had.

It might briefly touch $1M in 20-25 years, but it won't last long at that level, basically it would be another peak of a bubble that will be followed by a massive correction. Or another possible scenario is that Bitcoin will reach $1M in 50 years or longer, when due to inflation $1M will have the same purchasing power as $300k today. And you shouldn't exclude the possibility that it will never reach $1M because the price will become stagnant before that.

It’s your prediction and certainly everybody’s prediction is always right until reality sets in. But I will have to disagree with your prediction because to me with the way bitcoin price and adoption rate is increasing and the FOMO around each halving to always causes bullish period and then taking out the ATH it will reach out to that price but when will that happen is something that is still like a misery. If you ask me I will say Franky prediction to me is the most likely outcome because we all know how the volatility rate of bitcoin is decreasing. It could come after the 2037 if many investors decide to hoard their bitcoin more but that won’t stop it from hitting that amount except they demand for bitcoin does

We are on a speculative market
We are on a random/unpredictable market

So everything about speculative approach and number sayings is something could be considered be valid. It is really just that it would be that realistic or something which is not. Although
we cant really be able to point out if its really that possible or not since we do know that this market is really that truly unpredictable. It had made out that tons of situations or moments that shocks us or
having that surprised us on the things that we do least expect for it to happen.

We've been able to see those numbers on whom we thought that it cant be just possible but look at on where we are now? So this is why in speaking about $1M per coin
is something that could neither happen or not, but pretty sure it would really be taking a couple of decade before reaching on.

This is what is on my mind, despite with all of the possibilities that Bitcoin might hit $1M at any moment due to its nature and volatility, it will take time for it to reach $1M. A safe prediction that many are telling is around a century more for it to happen. But with how quick the phasing is with the adoption and more institutional money coming in, maybe it might be less but we don't know how long and what exactly is the year when it could happen.

You just contradicted what you've said.

Frankly speaking, the fact that bitcoin can reach 1 million USD or more is just our prediction and expectation, we have no guarantee that it will happen whether it is 10 years or 20 years later.

It is true that bitcoin is becoming a new trend and receiving a lot of attention from people around the world, but let's not ignore the scenario that in the coming years there will be a better currency than bitcoin created and it will surpass bitcoin. So what we should do is enjoy the present moments, don't think too much about things that haven't happened in the distant future. My immediate goal is to still take profits in the upcoming bull season and I will base my next plans on the market situation.

Currently, Bitcoin reached an all-time high of $73,000. If new ATH is created in the Bitcoin market in 2024 and stays up to $100,000, then in 2025 Bitcoin can reach $100,000 to $170,000. Bitcoin will still have to wait many years to reach $100,000,000. But I think between 2030 and 2036 it could go up to 1 million dollars. As we technically cannot make predictions, I have made predictions with my best efforts, I don't know how successful my predictions can be.

While some amazing moves can happen at this point with Bitcoin's volatility and adoption rate. But I'd agree on the projection of franky.

And that is because overtime, we're starting to see that it's not tremendous multiplier anymore for Bitcoin's price compared to the last ATHs that it has got.

But still, a multiplier is still a multiplier so whether it is going to be 2x-3x from the last ATH, that's still a lot of gain right? I'd expect a lot of years before we see bitcoin goes $1M but if it happens earlier, then we all win.

If we do base up on the current % of the entire population knows about Bitcoin then we can really say that there's still that so much room for us to grow. This is really just that something that would really be that depending
on how fast it would be having that entire demand and recognition or becoming mainstream. Yes, we do already that that ETF and several countries which legalized Bitcoin or even having that being their legal tender but really not that much. $1M is really just that too far stretched off on which this is something a number that we shouldnt really be sticking into our mind so that we wont really be anticipating on something which isnt
that cant be happening so easily. This is why it would really be just that a matter of time whether these things could happen or not. Lets just that hover ourselves and go with the flow and not making yourself that too expecting into something with those high numbers.

Im not saying its not possible but if we do think up realistically then we are really just that too far with those digits. It all matters with the demand and recognition
and global acceptance and legalization of course or simply with that full integration.

That's right. We don't know when Bitcoin will reach $1 million. But we can keep hoping that we will still see it later. Right now, we should focus on collecting more Bitcoins. Don't delay any longer in continuing to accumulate Bitcoin.

Although the price of Bitcoin has not yet reached $100k, there is a possibility that it will after the next halving. The halving will happen in a few days, and we will see what happens to Bitcoin. Certainly, many people will become new millionaires, especially those who have a lot of Bitcoin.

If you don't want to be left behind, you should focus more on accumulating Bitcoin. Bitcoin is still low if our target is above $100k or even $1 million. So there is still time to accumulate more Bitcoins.

You don't need to force yourself to believe it because that is quite impossible although we see the price of Bitcoin continue increasing.
Totally uncertain about the future of Bitcoin and we can't assume that what happens in every halving will be the same in the coming halving. That is why I don't believe and I don't think there is a calculation that supports it. It does or NOT come, people will still accept it and continue buying/selling their BTC.

What I could say is that --I was not expecting it by now. I'd rather think first if it reaches $100k.

I think those are very bullish.

More likely to stabilise at around 1.0-1.2x growth in each cycle.

My prediction, it will never hit $1M.