Topic: Price of Bitcoin may increase normally but not as much as 400K (Read 605 times)

It's not a problem when they are putting the expectation for bitcoin to go high in the future but they should at least use their sense to predict how far it will go. 400k rate is totally non sense rate and when you are seeing it right now if bitcoin is not yet surpassing 20k barrier and does it make sense to call that will reach 400k?
If that's about 40k and that still makes sense to see that. The bitcoin bull will not make bitcoin will worth 400k. That a few decades for bitcoin to achieve it.

I don't think $400K price for BTC is feasible to achieve even in the long run. Despite the fact that the demand will likely increase to unprecedented levels, only a small percentage of people would be willingly to buy bitcoin at the price. Heck, I haven't even mentioned the number of people who are just waiting for such prices to sell a truckload of Bitcoins that could cripple the market for a while. If you consider these companies currently buying a shit load of Bitcoins and ethereum at the moment, it's worthy to note that these are just investments and they're more than like to cause sell offs at a latter point.  A more realistic price for bitcoin in the long run is somewhere around $40K to $60K. Anything other than that would be sustainable.

Exactly, there is no time frame for that.

But if you will trace the price of bitcoin in the chart, bitcoin has significant growth years had passed. In 10 years of existence, bitcoin becomes expensive due to the fact of demand and supply, bitcoin has a fixed amount, and from time to time people getting more awareness of crypto and adopt through different purpose, if that happens, the demand will increase and also the price. Who knows, after another 10 years, bitcoin will fold in 10 times or more of this current price, and $400k is not possible to achieve.

*the future price of Bitcoin will continue to be a mystery and that's for sure...
Bitcoin at a price of $ 400k is still a possibility in the future, every year Bitcoin investors continue to increase and will become a trend in the future, when the demand increases then surely its value will also increase.

The threshold of 50 thousand dollars will surely overcome, because all the prerequisites indicate this. Bitcoin cannot fall in price if there is a great demand for it in all spheres of life, everyone wants to use it. It rises above 50 thousand dollars when the difficulty of mining increases to the maximum value, and it will certainly increase, that is, everything leads to an increase in the cost of bitcoin.

You would really expect with these kind of predictions when the market is really in a bullish run.People do predict in ridiculous prices without even thinking
on how hard and how long we've been waiting for this 19k price to come and considering that there would be lots of correections and pullbacks then its
really hard to believe on that we would really be seeing those 6 digit prices.Why we cant just stick out on at least 30k to 40k which would be a better
price for us to presume? because if you do hope that much then it would really just frustrate you when the price didnt able to hit that goal of yours.

Bitcoin is something enigmatic, you do not expect it to do anything and it could do anything at the same time which is the problem. Think of it like Schrödinger's cat situation, you do not know if bitcoin price will be high or low before it happens, only after it happens you know what it is, until it happens it is both going up and also going down at the same time.

I can look at the price today and find you a reason why it will crash under 10k in under 3 months, or I could find a reason why it will be over 30k in under 3 months as well, I can honestly make you believe in it as well, not because I am a great salesman or anything but there could be some "data" used to prove them both correct whereas that data usually will be just indicating something and not guaranteed.

Price of bitcoin may increase that's for sure and everyone has its freedom to gives their prediction on bitcoin. Everyone awaits for bullish trend to occur but $400k is so huge. These days it is hard to break even above $20k and there's still uncertainty to what price it will heading. However, once price crossed to what has been predicted a lot of users of course will truly enjoy their profit.

Those that are saying that Bitcoin will reach $400k are just exaggerating everything. The price will increase but this $400k they are saying is not going to happen, they can see anything less than $50k and I will believe it, but anything above that price range I am not going to believe it.

We are finally in the month of December and it is already middle of the month, the market has only managed to get to $20k before falling back again and we are at below $18k, will the price still go up further than the ATH? I saw one of the charts predicting $400k and it predicted December, and I am not seeing that being possible, it’s all hype.

The only limit to BTC price is our imagination

Everyone wants to create a benefit once more, whether it could be an enormous benefit or a little benefit. At slightest, when the market can develop to the higher price, the plausibility for us to be back to form a benefit will come so ready to recoup the misfortune that we got some time recently. Other than that, we as of now see a moo cost for a long time ago, although bitcoin and altcoin cost can increase, the cost still not increment so tall. For me increment of price to make handsome benefit.

I am not sure if the bitcoin price can increase to $400k in the next year because that price will be too high to be reached. Even that it will be possible for bitcoin to rise so high, but I feel that Bitcoin needs more time to hit $400k. Maybe the price can grow up to $100k in the next year, and I think that is the reasonable price for bitcoin. But if the price can really hit $100k-$200k in the next year, I am sure that many people will be very happy to sell their bitcoin and make a big profit.

It was ATH not ATL. Aside, I dont see Bitcoin making it to fhe $78K but $50K price range is still a reasonable ATH now.

The market volatility gives it the chance to reach any price but people still need to be realistic when making predictions about Bitcoin which is what I believe the OP was trying to communicate about because during a bullish season like this people always make a false prediction that will certainly not happen. However, i am in support of the OP Bitcoin can not make $400K price range now or in the bullish market i.e the year 2023 after halving. 

Maybe I blame myself for not believing Bitcoin in its early years of existence. Yes, I was in doubts, and a lot of questions inside but we can't go back where it was started, people are getting crazy as the price goes high. And I can't think also that it will make huge dumps this time where there are a lot of users and companies adopting Bitcoin. But then, I was not also thinking that it goes that too high at $400k even we have this fully adopted.

I think by now we should already know that Bitcoin price could move as much as it want.
Back when it was just a low price and new nobody would even believe that it could hit $10K or $20K but it does,
So maybe right now we couldn't see it happening because of the huge gap but maybe someday it could prove you wrong.

People have underestimated bitcoin for a very long time. I think we are going to see 400k per bitcoin, we will even see 4 million dollars per bitcoin, it is not going to be today nor anytime soon but look at fiat currency and how horrible it has been for the past 30 years, not even considering centuries of fiat currency constantly losing money as well.

Just look at 2020, we have seen the biggest economy in the world USA putting up 25% more debt to their treasury just in this year, for the past 8 months because of one pandemic, instead of trying to cover the costs with getting high taxes from very rich people. Which goes to show you that there is no reason why people should trust in fiat, and crypto will keep going up forever, it will be 400k too, maybe not now but eventually it will be.

Many are waiting for BTC price to go that far. However, it has to take time. Any sudden growth on BTC will only lead to a massive price correction. Steady and healthy growth will be needed to make the BTC price stable. I am expecting BTC to surpass it's recent ATH any time soon, but it might not be as high as most people are expecting.

If rally happens randomly with faster growth of bitcoin value, demand is basically the main reason why it's abruptly rising. The behavior was out of control once market is lively creating real time trading, which attracts most people waiting for that moment. However if predictions comes at different angles, well no accurate price comes into fixed amount but rather more individuals will independently provide their ideas with huge figures. Let's first prioritize the predictions of $20k per btc before any higher value comes.

There is nothing insane about the price of Bitcoin the way I see it. Do you know that those who bought Bitcoin at less than $1 a decade ago wouldn't have believed it would get to the current price of today? They would've laughed at any suggestion of price getting anywhere near $15,000. But look at where price is today. Bitcoin is truly unpredictable.

With Bitcoin, nothing should be doubted!

I definitely agree that 400k is not possible... yet. I mean surely in 10-20 years it could be possible, there could be people who would love to see that in the wealthy world as well after all they are not even that much involved yet, few smaller companies got in about a billion, but when the big huge names of wall street gets involved they are going to make sure they make as much profit as they can which will be 400k or even more, but that is not right now.

I would say trust bitcoins future and invest into it right now, because it will always worth something in the future, but it is not going to be skyrocketing that much anytime soon, it will probably reach to 30-50 thousand levels as the next goal and probably 100k after that, which all would probably take at least 5 more years.

The price might not reach 40k or even the over 300k some has been hyping this recent weeks, but you’re still going to be able to make good profit from it. The price can drop from this $18k to $8 – 5k and still go from that low to up $18k or around there again, that is still some good profit. It’s not a must that the price will reach $1 million before you make profit from it.

You have to be aware of the price movement in the price and know when you should get in, if you do you’re going to be lucky most of the times.And about paying for groceries or products online with Bitcoin, it is possible, and you can as well use the PayPal Bitcoin, though I don’t like it much.

It already at that level, more than of gold. I'd see Bitcoin in long-term high demand as we are in digital transformation. Well, it takes time but then, people are still in the patience to wait that moment. However, if we talk about its price, could I say that $400,000 is far from reality and that seems so crazy. Because even we think that sooner or later the demand will increase but can't imagine that it goes that far, not even far from $100,000, can say at $50,000 might possible.

https://www.coindesk.com/complete-case-for-100k-bitcoin

We still do not know any certain limitation of how much Bitcoin can possibly be when it comes to price value. Yes, $400,000 is a very massive amount to think that it would already be an impossible expected price to be met but still no one know that there might be a possibility in the near future that what we thought of a very high price could be certainly achievable in nature. It is just that as people realizes Bitcoin's worth and existence, there could always be an open possibility for Bitcoin to improve and rise up its price into no one could ever expected. As of now, the price of Bitcoin is playing on 5 digits which we are all happy and might get happy if ever the price will ever land on the first 6 digit of it. Let us just all wait and see after many years if the $400,000 is possible to be achieved or certainly not.

On the contrary, it's the less support the government are giving bitcoin is the fuel behind its continuous increased in growth and if we're to achieve outrageous milestone like the prediction on the thread, we have to keep staying this way. The moment the government take control over the industry, they'll regulate the life out of bitcoin and probably stablize the price by also regulating that industry (trading industry).

It's the independence of bitcoin that gives hope of the industry achieving greater highs and not getting altered like other industry that only give access to the elite to profit more like what's currently happening in the real world. We don't need the government instead they need us because sooner they'll loose the power they currently have over our finances.

People should really have this kind of mindset on where they dont really expect that much into those 6 digit prices yet it would be rather good if we do just focus
into these levels which i do already considered a good price we do had.

Im not that expecting we would even able to break 50k in more years to come but well depending on adoption scale if we do really come into that point
then we might be seeing those numbers but im not really that expecting much.

Thing here is that we do know on how to play with the movement of prices so that we can take out some profit without needing to wait for a very long time.
We do have our own ways and profitability will vary on how you do deal with it.

It's really hard to imagine and I don't know if you're convinced based on any information. When Bitcoin first came on the market no one had any idea that it could reach $20k in such a short time but at the moment we are seeing the price of Bitcoin at this stage. Bitcoin is slowly gaining ground due to the demands of the times and its huge popularity among the people and it is likely to become more popular in the future but it is not clear whether the price is right now. However, in the current context, the value of $400k is much higher and it is an unimaginable market value for current investors, but the idea of what it will look like in the future is not logical.

All Bitcoin holders would love to go up to $ 400K, unfortunately that target is too high to be achieved. Because Bitcoin has performed
very well this year and Bitcoin's rise is relatively fast, it doesn't mean that the $ 400K target can be achieved. We should not set the target
too high, which will create stress if not achieved. In the near future Bitcoin will probably stabilize at a price of $ 18,000 - $ 20,000.

Worth $100k USD was indeed expensive, and this will give some thought to buyers if they will go for it or not the fact that it holds a high amount of risk. However, if Bitcoin goes more beyond that price then that would be a total win. Anyway, I think $400k was too high and I don't think we could reach it now due to the fact that there's a big portion of the world doesn't know or acknowledge Bitcoin. Perhaps it would take a decade before we saw it happen and through massive adoption, we can make it true.

Since that we are seeing the price of bitcoin is spiking now in the market. Many of the community now again are giving their own
speculation and prediction in terms of what could be the price of bitcoin in the future. I heard that there are some that 2 years from now bitcoin could possibly become 200k$ each, but of course, lets wait and see what could be the next..

I only think that will be too high for bitcoin to increase at this time. Perhaps, bitcoin needs longer to hit that $400k, and it could happen in the future, next 5 -10 years later. Of course, it is after the adoption that can happen in many countries, and many people are using bitcoin. If the price can increase near $100k, perhaps that will be reasonable, but I don't know.

Perhaps, at the end of this year, the price can surge to the $20k-$22k and stable at that price. The price will be more active in the next year, although the volatility will still happen because that will be part of bitcoin. The sky is the limit for bitcoin price, and we only need to enjoy and follow the journey.

And at that price many people would become very rich, imagine the USD value of the holdings of some whales. Fiat printed on US won't be enough to provide the equivalent value of their bitcoin. Even 100k is too much imo, I know bitcoin started less than a dollar each but dreaming of it above $50k is impossible for me right now.

Of course, it is very difficult to reach the price of $ 400k for Bitcoin, especially if you see that there are still many people who don't
know about Bitcoin. And also the lack of support from the government for Bitcoin, going up to $ 400k is a slightly impossible target
given the current conditions. But if we look at the increase in Bitcoin over 11 years it is quite drastic in my opinion when compared
to other assets. Proving that there is still some hope of the $ 400k target Bitcoin can achieve, even if it will take a relatively long time.
Because Bitcoin's realistic target for the end of this year is $ 21,000 - $ 22,000.

Maybe you didn't understand me. You just confirmed what I said.
If the demand for bitcoin increases, so will the price.

If you are seeing those crazy people that were losing their mind due to the FOMO and you will even see someone who will predict bitcoin will touch 1 million dollars next year. If bitcoin can leave 20k and it doesn't mean bitcoin can also reach 30k or 40k rate instantly. There will always be people who are randomly creating wild predictions about the price of bitcoin.

Just ignore it as 400k is a non sense thing.

It gonna be possible that the market will remain in a normal trend, with a little chance that it goes high over $20k even we saw a huge market demand and scarcity. Coz I think that this price is much preferred for all level of people. I can't imagine if people are still wanted to buy Bitcoin if the price goes to $50k, $100k, people may not be risking this then get back to use fiat money instead. Ohh, I'm not doing this as well.

We should not take this seriously because we know this is just a hype and we can’t go beyond that in the next 3 years. Adoption with Bitcoin must come first before I believe on this one. Bitcoin is a good cryptocurrency and yes it will increase normally and hopefully no more hype so we can’t go down hard again, Bitcoin have to build more foundation before we see good prices but $400k is too much.

Well, you may be right but you may also be wrong. There aren't any sure ways of determining what will ever happen to the price of bitcoin. No one can accurately predicts what will ever happen.
What do you think of what people said in 2017 when bitcoin reached its ATH? Many people predicted bitcoin was gonna reach $40k but it went the other way around to as low as $3k. Now also imagine people who predicted bitcoin isn't going to break $10k after that bearish move? Now you know what the price of bitcoin is.
You see my point. No one can accurately predict what will be of bitcoin.

Why will the price not increase when demand of an asset increases too much that there's not even 1/10^th supply available in the markets, people will pay anything to get a grab of it. Same goes with crypto and btc is the first crypto that grabbed the limelight, so it will be at least 10 times the price we see now if the demand skyrockets.

Right. I was expecting that Ethereum would even hit close to its ATH price of 2017 yet it's 1/3 from it. But in regards to that, it has still able to recover somehow from the deepest that it went.
And with bitcoin's surge, it's also riding it with its 2.0 so it's maintaining the price to $600. BCH is also not that much anymore during 2017 ATH and this season is bitcoin to showdown.

Statistically speaking, a very small percentage of the population owns or has used cryptocurrency worldwide. I think the numbers range somewhere between 6% to 7% in countries like Germany or the USA. Imagine that figure increases to 10% or 20%. What do you think will happen to the price if the amount of bitcoin in circulation remains the same or increases slightly?
I admit, it is impossible to predict what will happen to the price of bitcoin in the future, but these statistics are still in favor of increasing the value of bitcoin.

I never said that it's impossible, instead I said that it's very much possible for BTC to reach those ridiculous values in some time in the near future. And yeah, I agree here that we need to take care of our portfolio ourselves and decide the best in our favor as an investor. Thanks for your kind advice to the investors and I believe that if people stop speculating too higher for BTC, the crypto space will lack the entertainment it currently possess. 

Bitcoin is highly volatile and unpredictable, so it's possible to hit the $ 400,000 target. Indeed, if you see that target now is unrealistic,
but no one can know what happen in the future. I believe Bitcoin has the potential to hit a price of $ 400,000. Therefore I continue to
collect Bitcoin every month, and hope Bitcoin can become my life retirement plan. Because I believe Bitcoin will continue to rise in price,
so I don't want to regret it in the future.

We are now seeing that everything is possible in this crypto space.
We can't say that it is not possible to reach that level but who knows the future, right?
But even if we are seeing these "ridiculous-type" predictions, if you are sincerely considering your investments in crypto, you should make your own conservative estimates.
It is good to see such predictions, but in reality, you are the one taking care of your portfolio.
And it is up to you how you will manage your portfolio in order to optimize the market and reduce your risks of losing.

The rules of quantum investing may change the way people look at BTC. Investors have a different sight about their vision on BTC's future and they are not just stupid to bag a lot of BTC through exchanges as well as OTC deals (even at this high price). I believe that the price hikes are inevitable as well as to such levels nobody can even think of, but predicting where it may go maximum is stupid because some people used to say that this Bitcoin thing won't ever reach a $1k mark, and you are now witnessing something that turned from ashes to platinum in a period of decade. Not just that, but it's a boon for small investors and especially, hodlers.

In a short run? No, but in a long run, it is not impossible. With more acceptance of use of Cryptocurrency and BTC being the most valued of them all, there is no telling the price/value point it will get to.

You cant tell but you cant say it neither that it wont really be reaching out that point.Everything is possible but to talk about those digits then its somewhat on near to impossible
side where we cant just reach out those numbers even if we are on full adoption scale.To think that we do even have a hard time on reaching or breaking its ATH for a long time
and presuming that even reaching 50k price would already be hard.How much more on 400k? There are even people who do predict about a million dollars in value
which is really impossible but well this is a free market on where people can freely make out their speculations about the price.

At the end of the day, it's all about being realistic. Of course, we may believe that Bitcoin may rise as much as 400K, but not instantly or in a span of days, weeks, months or even a few years. I would call it at least a decade or two. BTC may increase gradually like what we are experiencing right now, and it's good enough for me and the rest (except those who are hoping for a pullback to bag some more in their portfolio).

There are a lot of positive things that may make the price reach levels that we did not know before, as many negative factors have turned positive and more people are more knowledgeable and willing to pay more for bitcoin.

All estimates have no meaning. The volatility is what will make people want to buy more, and the liquidity that pushed the price to the level of $ 20,000, we need to double it to get 30,000.

Do you have a magic and crystal ball to predict this thing?

In TEN years of Bitcoin's existence, we've been amused by how it reaches the current price despite the criticisms and government resistance.  I must agree with OP that the increase in price may be gradual but only after its peak and it remains possible that in the future it can still reach the price of six digits, maybe not for now, BUT probably a decade or two.

OP has assumed that Bitcoin has already reached its global adoption, where in fact IMO, only around 20% of the total population are aware of Bitcoin and if the absolute adoption already happens then definitely the price would become a new all-time high (ATH).  

Imagining that, when global adoption happens it can already reach the price that is already beyond our expectations because of the increase in demand aside from the fact that supply of Bitcoin is limited which is another factor that has a huge effect on the price.

That's true. People always doubtful when bitcoin gonna reach the price far beyond their expectation. But, imagine a coin that actually worth pennies in the past now worth $14K it's already beyond many expectation so why can't it go far up again. When it can multiple its price this much, it certainly could do that again.

Bitcoin scarcity will increase as the time goes and it's enough reason to make the price go that far actually. Maybe in the future we see bitcoin traded as few satoshis not in whole bitcoin unit, who knows? but definitely not impossible.

As usual, you wrote a bunch of nonsense, and at least you could stay consistent around the numbers and not mix $400k and $40k - and to write that BTC will never reach the price of $40 000 is complete nonsense. Furthermore, to call something new after it has existed (at that time) for 7 or 8 years is another nonsense - as well as that everyone is aware that there is something called Bitcoin - and even if most are aware, how many of them really know what it is really about?

The price of BTC will always be primarily determined by supply and demand - and since BTC has max supply (unlike ETH which you promote for some reason), this means that the price of BTC will constantly go up if demand continues. If we take into account that the real interest of private companies and funds is just beginning, even $400k doesn't seem that far - despite the fact that some have problems with large numbers.

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This may have been the case in the past, but if you look at what happens to all the top altocins relative to the last BTC ATH - then you will see that the BTC has almost reached that same ATH, and all the altcoins have stayed far below their ATH. In other words, anyone who invested in BTC even when the price was at the top was able to return the investment - and anyone who invested in ETH at the same time is at a loss of more than 55% at the moment.

Altcoins are only followers of bitcoin but if you're lucky to have that massive gain with them, good for you. But bitcoin is also being priced in due to the miners and its difficulty. As we've been on May 2020, the halving happened and rewards have been cut into half for the miners. And that means that there's lesser supply for each block that has been mined while the electricity cost didn't changed at all or instead, it's even more. Having that said, as long as the miners are there and helping to maintain the network secure. Don't forget that it is one of the foundation why bitcoin is becoming stronger.

As a whole people realize that Bitcoin is a safe haven asset and also Bitcoin is considered a new value in general by many people.

Many factors currently influence the trend that drives price increases to continue, one of which is the number of emerging PayPal platforms that always make it easy to buy & sell Bitcoin, on the other hand it is also influenced by the large number of institutional investors who encourage them to buy some Bitcoin at this time.

However, to reach 400k is too high for reasons like I mentioned above, at least I am optimistic Bitcoin can strengthen at least 40k next year, it could happen to see many investors who are concerned about the central bank in dealing with the outbreak so far, this can affect the movement of Bitcoin in the future, especially from price movements.

No problem, I guess even if the price could only increase to $100k, that still a bigger profit to every people who will sell at that price.
But in the long term, bitcoin price could hit $400k, but we don't know when it will happen.
Bitcoin price will still fluctuate, and there will be a big pump and a big dump like what we already saw before, which will happen in the future.
If we talk about the altcoin, the altcoin will get the best time like before, and we will see many potential altcoins that will increase higher.
That will help us gain the benefits of the altcoin and we can make a profit in bitcoin, so our bitcoin will be bigger.

Bitcoin is a very high speculative asset and that's what make it very interesting to trade. Somethings I feel its price speculations are just made to drive the price to higher highs and not that this price can actually be reached in the short time frame they're predicted. But since we're humans, it creates fomo and drive the price to new all time highs as people anticipate positively.

Don't also forget, bitcoin is never to be bet against. When we were trading below four digits, it was an outrageous thought predicting bitcoin to be trading in five digits in less than 5years same way the hundreds of thousands trading price are been looked at as an impossible milestone to reach. In the next 10 years plus, don't be surprised to see one bitcoin been valued at a million dollars or even more.

Bitcoin can't be used massively as a payment system to pay something on the merchants. I do believe if bitcoin will be more suitable to be store of value. I will not even create a non sense prediction just like it will be touching 400k.
It's not yet even surpassed 20k. People are too crazy to think about the future price of bitcoin. If we are going back in Q1 of 2018 and there were so many predictions if bitcoin reach 100k this year but it's not happening.

It is still difficult to say Bitcoin can't hit $400,000 in the future. If Bitcoin will stay forever, 6 digits figures such as $400,000 may possible, like next more decades. We all know how Bitcoin works, like the mining rewards being reduced and the adaption of Bitcoin is still early these days and you should also consider the how many percent in the whole world that knows Bitcoin, it's still few, still more room for Bitcoin for me.

Soon there might be another parking amount for BTC whenever it reaches a certain amount that it can range from specific amount since many already adopts crypto and not all holders really took advantage of selling whenever the price increases since they have plans to use it more in long term. To be able to reach another goal of amount or set new records many needs to plan more for long term but we can't control everyone's decision so we better study the market and find ways how to really earn on it.

While I'd really like to see bitcoin at such insane prices being predicted by many people, it's important to note that Bitcoin's price is dependent on a number of factors and making such predictions without trying putting the piece together or considering the factors. Talking about Bitcoin's price at $400K, how many people would be ready to shill out $400ak to buy a unit especially when the supply is still on the high side? Such prices can be achieved when we've mass adoption and block rewards are halved to the bare minimum so miners won't have a lot to share that could bring the price down.

Is already in use as payment for financial transactions, I also therefore see your reason of third party involvement to selling and buying online in grocery stores because sometimes you have delays in blockchain confirmation and where fees are high, some transaction will not be executed because it is high at the time 

I like your opinion, it is very possible for bitcoin price to increase beyond $400000 but it will take long time before this can be achieved. If we look very well into bitcoin, only 21 million will be mined in total into circulation, and later people will still need bitcoin and buy it, this can lead to increase in price as a result of marketcap increasing. But the marketcap of bitcoin needed for this will be in trillions of dollars which will make it hard and take long time to achieve. And I think we should first talk about bitcoin getting to $50000 first before talking about it getting to $100000 and above, not to yet talking about it getting to $400000.

But I wonder who decides the ultimate btc price? If you think in that way, it's really impossible to imagine a simple Bitcoin a unit price to be worth $14,000! So I think it can get beyond any set limit or price! Because then if btc hits $100,000 we will think 0.001 btc as 100$ which would be the new normal!

Price of Bitcoin may increase normally but not as much as 400K

The past bull run where BTC got 20x to 50x gain was only because BTC was a new innovation and there was much hype, but now everyone is aware regarding BTC. So btc may increase normally and it will be good to increase with supply and demand otherwise I don't think so that it will ever be hitting to 40K, liquidity providers cannot be agreed to give such a value to a bitcoin since the losses could higher than the past, therefore the price movement will be increased along with supply and demand, good projects, institutions who are accepting the BTC. Many people and even the governments were against btc due to the money laundering but it is possible that governments may adopt it and can find new ways. BTC on another hand, could be accepted for financial payments but paying for products and grocery online with bitcoin cannot be a good idea until there is a third party involved who take and keep the money until the deal has completed. I don't think that bitcoin could become a mainstream because people are afraid regarding the online scams (I think paypal should provide such a service to check if the buyer is getting whatever he paid for and if the seller is sending/delivering the item then paypal must release the funds paid by the crypto then it could be possible that bitcoin may become a mainstream). The price will also increase due to the electricity cost. However the altcoin season will come for sure and altcoin may gain much value compare to the past, if you still do not believe that ethereum was around 10 cent in the beginning then time will prove it that how altcoins may get such a value around 9000% to much more. However if Bitcoin ever hits 78K compare to the past then its ATL can be 4x compare to the past low (i,e $3300x4)