Topic: I'm curious about your thoughts on when Bitcoin might hit $1,000,000 - page 3. (Read 742 times)

Those that know where BTC price started from to get to this current price in the market today will not doubt if the price of BTC will hit $1 million in the future and, I believe before the end of 2030 investors will begin to experience that price from the market and it will make those that rejected BTC in the past to accept BTC in their countries.


I know that the price of BTC will reach $100k before the end of this year 2024, which many people know it based on what we have experienced from the month of march and April and the current price is still close to $80k, I believe the market price will still go beyond that before the end of this month.

It's difficult to predict when bitcoin will reach a $1 million price, but given how far the crypto market has gone, I believe it will reach a million dollars in 12 years, three halvings from now. I'm not sure what will happen to bitcoin by then, though. Since each halving is supposed to be better than the one before it, all we can hope for is that the halving seasons that lie ahead will be significantly better than the ones we have already had. The past crypto market made me realize that.

Never mind talking about up to $1M, where currently many are predicting that the second ATH will reach $150K. I still doubt it, because I'm afraid it will be like 2021, which hoped to reach $100K but didn't achieve it. Isn't it possible that it will also happen next year?
I also agree with you, is it still realistic to reach $1M in a short period of time? And it's equally impossible that in just 2 or 3 cycles the next bitcoin will happen And it's too early to determine that, although everyone would be happy if it was proven.

Just going to reiterate what I said in the Quote below,

It will likely not be $1,000,000 in the Yuppie Generation, they will Probably all Die seeing Bitcoin Up to $100,000 but not to $1,000,000 and it could go Down as Low as $20,000 again Possibly. But never will it ever be Worth $0.00 ever. Just because so many People would have the Chance to Buy so they would just to say "Now I have a Bitcoin" and suddenly it would go up again. But it could Fluctuate between $30,000 and $100,000 and Let's just Call it $0.01 and $100,000 for the Resonance, but it will go Up and Down from where it is now.

market caps are a MEANINGLESS number.. they dont represent real dollars stashed somewhere.. so relax

as for the tx fee's ratio to block rewards
yes that does effect the economics.. but.. heres the rub. not the maxims of ATH as much as the minimums of the post ATH corrections (NTL) new time low

we already seen how the 2022 NTL(new time low) didnt stop at $20k like previous patterns of not going below the ATH of 5 years prior
which is from my view, explained by the rationale of fee's starting to give bonus to rewards to affect underlying costs vs gains of the lows

so yes the next ATH and then correction may see the 2026 NTL(new time low) not stop at $70k but go under $70k due to fee bonus

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the reward:fee ratio will eventually affect the ATH's but we are already seeing the affects on the NTL's

that said though, other things will affect the ATH and NTL's too
such as:
if there is not a sudden awakening of core devs to start to be BITCOIN devs again instead of features to fix subnetwork crap devs
if there is not a push to actually change fee bumps and decludge blocks and do things to spam. and allow more tx per block and cheaper per tx
whilst allowing more tx to nice bonus total block tx fee

meaning
if transactions per block stay ~4000, where by a fee works out as over $100 in uncongested times as minimums... even people wanting to lock value into shoddy subnetworks/CEX/custodians for a year would end up needing to pay 2x tx for lock in-unlocks=$over 200 a year just to use subnetworks/CEX/custodians.. which is something that even tradfi shy away from demanding of customers..
(would you use a bank/paypal/venmo if they charged $200 a year)
so if fee's and tx flows of BITCOIN are not sorted in coming years. then the fee games of incentivising mining pools will get affected

I was going to do this calculation and saw your comment before doing the calculation. I'll just add. This actually shows that Bitcoin is making progress at a good level. When the price of Bitcoin increases, we will get closer to the target and after a while the price increase will accelerate. There is a possibility that everything we say may not happen, so these are just predictions and good wishes because we want Bitcoin to rise.

It is not impossible for Bitcoin to increase 14 times and it may not be necessary for a long time. As Bitcoin is adopted around the world, it becomes easier to achieve goals.

before the value goes down again, I think everybody has a plan to sell what they have already. we know the volatility, if anyone has plans to just buy something they've always wanted i think it's that time when they sold their BTC.

as for me i think i will just save them because I'm still planning to reinvest them in the future, i'd keep them in stablecoin and wait for the bear market. $1M in my country is a lot of money. i will surely enjoy the money and might travel abroad at some point.

Likely not in this Generation, and I've been Right a few Times.

I knew it would go to $1,000
Find this Post Here: https://bitcointalksearch.org/topic/m.2457343

No one knows whether it will happen or not and because the price of Bitcoin can reach $10 or it can reach $1,000,000 because anything can happen. However, we should not think like that because the best thing is how we can make money in the process or keep trying to collect more Bitcoins to achieve our desired target.
Technically this is very possible, and considering its very limited nature and the continued growth, progress and demand for Bitcoin, it is possible that the price of Bitcoin could reach this price. However, this still takes quite a long time, and maybe those of us who are old enough will no longer exist in the world if the price of Bitcoin reaches $1,000,000.

To a million you say?
I have never thought of this but on a more serious note, BTC is expected to get to at least $120k after the halving towards the back end of the year and besides if it gets to a million, I know many investors would have acquired some spot ETF to make it get so valuable more than gold.
Right now the price of BTC surpasses silver and I don't know how it may become if it gets across $200k but am certain that it may take more than another halving and a massive pump in price from whales and investors to make it to that figure.

$1,000,000 is an extremely high price for bitcoin to reach anytime soon. It is extremely unrealistic to expect to reach that amount right now, despite the fact that bitcoin price movements and future price predictions are infinite and unpredictable. It will not come as a surprise if it reaches that level, but based on the price increases it has seen after each cycle, I do not see it happening in the next two bitcoin cycles.

You can simply multiply 1,000,000 by the current supply or more accurately, what the supply would be in the next ten years or thereabouts,, that should be approximately $20 trillion. It is a possible number for the top performing cryptocurrency and yes it would exceed the market cap of gold, although I don't see why there is a comparison at all between gold and Bitcoin.

I wasn't suggesting we get there by 2025.

Let's not forget the ratio of Bitcoin to other economies. $630k means a market capacity of about 10 trillion dollars, and then the effect of halving will be much less, but miners will depend on transaction fees.

0.828125 Bitcoin for a transaction fee that may be about 1.5 Bitcoin per block, which means that the 4-year pattern will be broken soon and we will not rise by more than $560k(2x)-$1.89m(3x).

Just as we have started right from the scratch when bitcoin had no much value and everything begin to turn more than we have expected till where we are on $73,800 all time high or so, what you have tom understand is on the acknowledgement that the more we go the higher the value in bitcoin becomes, if we can achieve the highest market capitalization rate this year of 1.4 trillion, then anything is possible, we don't know maybe the market may go far beyond $250,000 after this year halving or something close to that range, but in the nearest and possible future to come, bitcoin can experience a million dollars.  

It is very possible if indeed the world is very familiar with bitcoin and I can also be realistic if calculated through the amount of BTC that exists with a very large human population, as much as approximately 8.08 billion on earth today, it is certainly very possible with 21 million bitcoin supplies.

But the question is how much market capitalization does bitcoin need to arrive at a price of $1,000,000., is it quite possible? and can it exceed the market capitalization of gold?.
although I want bitcoin to touch that price, but for 2025 I think it is unrealistic.

This is pretty close to my expectations. Though your high sides over time get far higher cuz I think no way 3x is ever happening again, unlikely even this cycle.

And yes, reasonable expectations people. Don't listen to the idiots saying Bitcoin is going to a million next year or this decade.

I think the four year market cycle may fade away before price hits a million, but assuming it doesn't this is what I expect for the peaks of each 4 year cycle:

2024/25: ~$150k
2028/29: $250k-$350k
2032/33: $450k-$600k
2036/37: $800k-$1.0m
2040/41: $1.2m-$1.5m

So I'm thinking 2040 we'll see $1 million get hit, but a possibility of it happening in 2036 or 2037. I'm trying to take a realistic conservative view.

But there are definitely bullish possibilities that could happen over the next dozen years that could lead to the prices higher up in franky's ranges, I just don't think it is necessarily likely as I think such adoption will take longer. But those would be, (1) if several large nations start adding bitcoin to their reserves during the next decade, or (2) if it becomes the norm for corporations to hold bitcoin so we see those big trillion dollar tech companies buying up tens of billions of dollar of bitcoin each in addition to hundreds of other large corporations buying up collectively perhaps another hundred billion dollars of bitcoin, or (3) if the rampant misinformation fades so that the average person stops either not knowing what bitcoin is or thinks its something bad and bitcoin becomes normalized to the general public during that time period and we see hundreds of millions of people buying up some like say a couple thousand dollars worth of bitcoin each for long term savings/retirement. If any of these three things happen (a nation bitcoin race, a corporate bitcoin race, or just normalization of the general public) then I could definitely see it passing $1m as soon as 2036.

To get to $1,000,000 we need about a 1400% increase or a 14× rise from the current price. Putting it into numbers shows how realistic a target 1 million is within the next decade or so.

By the end of this cycle we could be up to $120-140k and that will halve the gap for the market to multiply to a million, so by the end of 2025 we will be well on the way to a million.

It’s not gonna be in the next 5 years, I am quite sure.

There is always that possibility of bitcoin going beyond and while $1M sounds huge,
I am optimistic that bitcoin will reach that but I don’t think it’s gonna be that fast.
I’m confident with saying at least 15 years more until we’ll get to see some signs
pointing to that direction.

There are many things that could happen that could drastically change bitcoin like adaptation from the government is one.

the ETF did push bitcoin to $70 before 2025.. correct.. BUT even when blackrock has been buying 20k baskets in a day.. market economics is trying to not let even the ETF push prices rampant.. as we can see today the market is not $75k-$80k, but instead pulling the market down below $70k

so the market does not want to rise too high too fast, to soon
what you have to keep in mind is certain countries have certain costs of mining. and when things get profitable to mine and sell vs buy to hoard. the markets react as such and people switch from buy-to-hold. to become mine-to-sell which then changes the demands of the market

in short yes ETF's are trying to break the mould/pattern.. BUT the market is reacting to stem the hype,

The inflow caused by ETF is expected to go much higher than the safe/rational expectation ... with a good chance for quite a bad crypto winter at the end of the cycle (but that's not in the current scope).
This being said, I expect to get to 1M one cycle earlier than what franky1 posted.
Still, we cannot know what the future holds. Imho we have to still stack sats and enjoy the ride.