The BTC to $1M thread | Bitcointalksearch.org

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Quote from: el kaka22 on January 08, 2025, 12:18:24 PM

A million dollars would get somewhere close to gold marketcap correct?

If the market cap of Gold were to remain static yes, as at the moment the market cap of Gold is $17.971 T while that of Bitcoin is $1.849 T.

Quote from: el kaka22 on January 08, 2025, 12:18:24 PM

This has to be the most important part because that would mean that we would be as big as gold. Gold took thousands of years to reach what it has reached, and while that is finite amount as well, it's very important that we will end up with much different result as well.

I agree, and, if we think about it, the market cap of silver, which was for a long time in the past a currency, a medium of exchange, and for which wars were fought and continents were explored, has already passed.

Quote from: el kaka22 on January 08, 2025, 12:18:24 PM

This is going to be tough, waiting for a decade is very tough but in the end that is what we are going to need to do.

I became more pessimistic last cycle but seeing how this one looks I think we will get to $1M in much less than those ten years.

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A million dollars would get somewhere close to gold marketcap correct? This has to be the most important part because that would mean that we would be as big as gold. Gold took thousands of years to reach what it has reached, and while that is finite amount as well, it's very important that we will end up with much different result as well.

I believe that we can make this happen, a million dollars isn't really impossible but at the end of the day it's going to take a while and won't be all that simple so we need to realize that we need to wait for this to happen as well. If we can wait long enough that would not be all that we will end, we are going to end up with a much larger returns as well, so that has to be the most life changing event, just buy bitcoin and hold and we can do much better for the future as well. This is going to be tough, waiting for a decade is very tough but in the end that is what we are going to need to do.

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I have found another person who makes the $1M prediction for bitcoin. In this case it is Cathie Wood, who is not my cup of tea, as she rose to fame by making a huge return for her fund in a very short time to become the biggest wealth destroyer in recent years.

But she still has some influence in the crypto world, so here we go:

Cathie Wood Just Doubled Down on Her $1 Million Price Forecast for Bitcoin. Is She Right?

Quote

Jan 6, 2025 at 7:35AM

Nearly two years ago, Cathie Wood of Ark Invest famously predicted that Bitcoin (BTC -4.53%) would reach a price of $1 million by 2030. That was well before Bitcoin ever broke through the $100,000 price level, and well before the launch of the new spot Bitcoin exchange-traded funds (ETFs) in January 2024. The prediction came when Bitcoin was emerging from the crypto winter of 2022, and its prospects looked uncertain at best.

In a recent interview with Bloomberg, Wood reiterated that Bitcoin is headed to $1 million by 2030. In fact, if everything goes according to plan, she says, it might even reach $1.5 million.

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Quote from: Poker Player on November 23, 2024, 10:44:02 AM

I've been thinking about opening this thread for a while now and I finally decided because I think it is now abundantly clear that this is not a question of whether the price will reach $1M, but when it will.

The first one that I can remember who said it with public resonance was the one who said that if the price didn't reach $1M by the end of 2020 he would eat his dick on national TV. Then we know how it turned out. I don't know if those of you who have been on the forum and in the bitcoin world longer remember any public figure or anyone on the forum talking about that possibility before McAfee. If so, say so and I'll post it in the OP.

well i think he had a good plans for bitcoin, but unfortunately it didn't work out as planned. from the story line he was calculating the total number of people in the world and the total number of bitcoin in existent, he must have thought that if everyone should adopt bitcoin, then it will arrive to the speculated price of $1m. and apart from saying he will eat off his dick if bitcoin didn't hit $1m by 2020, i think that he further explained that fiat will not exist in five years. but all his proclamations didn't work as speculated.

i would have loved to see how he ate his dick as bitcoin didn't hit $1m at 2020 Grin

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Quote from: Smartvirus on December 28, 2024, 06:31:04 PM

Quote from: BitcoinBarrel on November 23, 2024, 07:22:41 PM

$1 Million dollars will be a real possibility, perhaps not in this cycle, but indeed in the next 10 years.

Most definitely not in this circle, we still having to scramble about the $100k milestone achievement without any clear vision of where to expect price yet but, not even at the $200k price no. We would get there sometime but, investors at the moment are all getting excited about the growth thus far.
Bitcoin having to worth millions is a possibility within our generation as, we would soon find a world that would be open to accepting Bitcoin and its potentials, following what governments of nations would be doing in advocacy when the time comes.

The fact that Bitcoin is dancing around the monumental level of 100 thousand is a tactic, a short-term scenario and a fast-moving event. And the long-term perspective is striving for a million(s), I am sure of it. Of course, this will take years. But to believe that Bitcoin will cost 1 million, now, when we are already so high, is much easier for me personally than it was in 2016-2017 to believe that Bitcoin will ever be even 50 thousand

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Quote from: BitcoinBarrel on November 23, 2024, 07:22:41 PM

$1 Million dollars will be a real possibility, perhaps not in this cycle, but indeed in the next 10 years.

Most definitely not in this circle, we still having to scramble about the $100k milestone achievement without any clear vision of where to expect price yet but, not even at the $200k price no. We would get there sometime but, investors at the moment are all getting excited about the growth thus far.
Bitcoin having to worth millions is a possibility within our generation as, we would soon find a world that would be open to accepting Bitcoin and its potentials, following what governments of nations would be doing in advocacy when the time comes.

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Quote from: ? on December 27, 2024, 10:42:55 AM

Seeing this thread was kind of funny to but I quickly remembered another thread that was aimed at 100k since early last year and was finally actualised this year.

No goal is unachievable no matter how long. If Trump acts his initial promise of US having a bitcoin reserves, it will help strengthen it and pave way for faster rise in bitcoin price

I just hope to witness it happen someday.

That's the thing about bitcoin, we see these type of topics and at first it looks silly, but then it becomes a reality eventually. You think, people who first saw bitcoin at under 1 dollar would believe that it would reach 100 dollars? There are famous videos where people are shocked to see bitcoin at 100 dollars, that was a crazy thought then, how about 1k? How about 10k? I was here on the time when it reached 1k and nobody was believing it and we were all shocked about it.

So believe me, when 100k happened, it was obvious that a million would too. Not saying that it would be simple or anything, of course it will take time and of course it won't be easy but it is going to happen and we are going to see it happen.

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Seeing this thread was kind of funny to but I quickly remembered another thread that was aimed at 100k since early last year and was finally actualised this year.

No goal is unachievable no matter how long. If Trump acts his initial promise of US having a bitcoin reserves, it will help strengthen it and pave way for faster rise in bitcoin price

I just hope to witness it happen someday.

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Quote from: STT on December 23, 2024, 06:58:53 PM

This thread is going to end up so long then because its not near term. We'll be very lucky if the year starts with a 2 not a 3, I mean decade of course Tongue

Its a bit ambitious and yet its totally correct to check off the possibility and aim so you are never surprised by the actual prospect.
Too many assumptions were made about BTC early on in terms of its longevity, its ability to gain and generally how the race of dollar vs Bitcoin might go and all the arguments lacked the proper foresight bar those with genuine depth to their understanding which is fair enough. So lets avoid that mistake and track the most positive scenario as quite possible and just how might that happen.

Right now I dont think BTC has to be dominant, just more used then presently would be very good & growing at a similar pace; that will with time, people and power end up in 100k destination in all probability.

I so much believe in the potential of bitcoin and the fact that it got to 100k shows that the possibility of going to $1m is much more of a reality but one thing I'll always let people know is that it would take a while before it gets to that mark, it's not something that would likely occur in the next one or two circles, it could take a decade but it won't happen very shortly or during the next bull run as some ignorant people are expecting. Even some top holders who believe in the possibility of bitcoin getting to that mark are not even anticipating it sooner but getting prepared for it by buying and holding for long-term. Some people are yet to buy Bicton at this point when it's very cheaper, I wonder what such people would be doing when bitcoin finally gets to $1m in future, they'll definitely regret.

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Quote from: STT on December 23, 2024, 06:58:53 PM

This thread is going to end up so long then because its not near term. We'll be very lucky if the year starts with a 2 not a 3, I mean decade of course Tongue

Its a bit ambitious and yet its totally correct to check off the possibility and aim so you are never surprised by the actual prospect.
Too many assumptions were made about BTC early on in terms of its longevity, its ability to gain and generally how the race of dollar vs Bitcoin might go and all the arguments lacked the proper foresight bar those with genuine depth to their understanding which is fair enough. So lets avoid that mistake and track the most positive scenario as quite possible and just how might that happen.

Right now I dont think BTC has to be dominant, just more used then presently would be very good & growing at a similar pace; that will with time, people and power end up in 100k destination in all probability.

I think this thread could be very short well under 50 pages and we hit the million in amazingly fast time or we bust out and say fuck this shit what are we doing.

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Quote from: STT on December 23, 2024, 06:58:53 PM

This thread is going to end up so long then because its not near term.

In the OP I have given two examples of people who think that figure can be reached next year. And for Adam Back to say so, I think it carries some weight. If it is as they predict, it would be a supply shock due to high demand from the USA and other states and institutions, which would push the price up very quickly.

Quote from: ? on December 24, 2024, 05:10:40 AM

The best scenario is looking at Bitcoin in the middle of 2025 and seeing the price being 120k-150k and more.

We can reach that price in January.

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Quote from: STT on December 23, 2024, 06:58:53 PM

This thread is going to end up so long then because its not near term. We'll be very lucky if the year starts with a 2 not a 3, I mean decade of course Tongue

Its a bit ambitious and yet its totally correct to check off the possibility and aim so you are never surprised by the actual prospect.
Too many assumptions were made about BTC early on in terms of its longevity, its ability to gain and generally how the race of dollar vs Bitcoin might go and all the arguments lacked the proper foresight bar those with genuine depth to their understanding which is fair enough. So lets avoid that mistake and track the most positive scenario as quite possible and just how might that happen.

Right now I dont think BTC has to be dominant, just more used then presently would be very good & growing at a similar pace; that will with time, people and power end up in 100k destination in all probability.

The best scenario is looking at Bitcoin in the middle of 2025 and seeing the price being 120k-150k and more.
Cool

Its dominance and rally is still there and going, accordingly.

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This thread is going to end up so long then because its not near term. We'll be very lucky if the year starts with a 2 not a 3, I mean decade of course Tongue

Its a bit ambitious and yet its totally correct to check off the possibility and aim so you are never surprised by the actual prospect.
Too many assumptions were made about BTC early on in terms of its longevity, its ability to gain and generally how the race of dollar vs Bitcoin might go and all the arguments lacked the proper foresight bar those with genuine depth to their understanding which is fair enough. So lets avoid that mistake and track the most positive scenario as quite possible and just how might that happen.

Right now I dont think BTC has to be dominant, just more used then presently would be very good & growing at a similar pace; that will with time, people and power end up in 100k destination in all probability.

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Quote from: Zwei on December 20, 2024, 09:41:51 PM

Quote from: goldkingcoiner on December 20, 2024, 03:06:01 PM

I really hope that we do see $1 Million USD / Bitcoin sometime in the near future (Before 2030) but for now that is just a dream. We will get there sooner or later either way, I am sure of it. But sooner would be much better than later Grin

if the US somehow manages to create a bitcoin strategic reserve, it will no longer be just a dream. that alone will start a domino effect that would probably send bitcoin price well beyond $1 million.

It would be huge, but it wouldn't be the one domino needed for that to happen, in my opinion.
Even though the price would skyrocket, it would fall as harshly afterward, in some months after the rally would be at its finest and biggest ATH yet. And it totally wouldn't reach 1 mil this cycle as others said throughout the thread.

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Quote from: Poker Player on December 21, 2024, 02:05:35 AM

Quote from: Zwei on December 20, 2024, 09:41:51 PM

if the US somehow manages to create a bitcoin strategic reserve, it will no longer be just a dream. that alone will start a domino effect that would probably send bitcoin price well beyond $1 million.

Yes, although we cannot be sure that the creation of the strategic reserve and the subsequent creation of reserves from other countries will take the price to $1M in 2025 as Mow says, but as you say it will stop being a dream and will surely take the price to at least several hundred thousand. The bitcoins that will be mined in 2025 are about 170K. If USA creates the strategic reserve and buys 200K it is already buying beyond the natural supply. Imagine the added demand from other countries and institutions like MSTR that will continue to buy as much as they can. I would say that MSTR will buy 50K at a minimum and the normal is more than 100K.

So we can have 170K mined and a demand of 0.5M or more. You don't have to be very smart to know what is going to happen with the price.nted

Another thing that could happen is that the winters, the bear markets, do not happen in this cycle or do it in a very soft way. If we have several states and institutions buying large amounts of bitcoin for several years, on a scheduled basis and throughout the year, it doesn't look like we're going to see 85% price declines.

Current price: $0.0986M.

Well Trump wanted no debt limit for the next 2 years. It was rejected.
He will try again near march. If he gets it btc will get a boost.

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Quote from: Zwei on December 20, 2024, 09:41:51 PM

if the US somehow manages to create a bitcoin strategic reserve, it will no longer be just a dream. that alone will start a domino effect that would probably send bitcoin price well beyond $1 million.

Yes, although we cannot be sure that the creation of the strategic reserve and the subsequent creation of reserves from other countries will take the price to $1M in 2025 as Mow says, but as you say it will stop being a dream and will surely take the price to at least several hundred thousand. The bitcoins that will be mined in 2025 are about 170K. If USA creates the strategic reserve and buys 200K it is already buying beyond the natural supply. Imagine the added demand from other countries and institutions like MSTR that will continue to buy as much as they can. I would say that MSTR will buy 50K at a minimum and the normal is more than 100K.

So we can have 170K mined and a demand of 0.5M or more. You don't have to be very smart to know what is going to happen with the price.

Another thing that could happen is that the winters, the bear markets, do not happen in this cycle or do it in a very soft way. If we have several states and institutions buying large amounts of bitcoin for several years, on a scheduled basis and throughout the year, it doesn't look like we're going to see 85% price declines.

Current price: $0.0986M.

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Quote from: goldkingcoiner on December 20, 2024, 03:06:01 PM

I really hope that we do see $1 Million USD / Bitcoin sometime in the near future (Before 2030) but for now that is just a dream. We will get there sooner or later either way, I am sure of it. But sooner would be much better than later Grin

if the US somehow manages to create a bitcoin strategic reserve, it will no longer be just a dream. that alone will start a domino effect that would probably send bitcoin price well beyond $1 million.

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Quote from: goldkingcoiner on December 20, 2024, 03:06:01 PM

We will get there sooner or later either way, I am sure of it. But sooner would be much better than later Grin

Sure but let’s reach 500k first Cheesy

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I really hope that we do see $1 Million USD / Bitcoin sometime in the near future (Before 2030) but for now that is just a dream. We will get there sooner or later either way, I am sure of it. But sooner would be much better than later Grin

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Quote from: philipma1957 on December 20, 2024, 09:32:17 AM

2009 to 2024 to do 0-100,000

we certainly can do 100,000 to 1,000,000 faster than the 15 plus years it took to reach 100,000.

My guess is 2028-2029 we are there.

Ahh, it's both a blessing and a curse. On the one hand I'm so excited that Bitcoin surpassed $108,500 just a few days ago, I'm seeing five digits on my wallet and I'm thrilled but terrified at the same time. My mind is racing, what if I sell now and in 2028 or 2030, it's up to a million dollars? I would have reached six digits till then, and perhaps more than half a million dollars. That's how I see Bitcoin holding, it's both a curse and a blessing at the same time. Fortunately for me, I'm not in the need of money anytime soon, so I'm guessing I'll have some time to consider what to do, while on the other hand, I'm completely clueless on how to proceed with withdrawing the money, supposing I'd want to sell my Bitcoin.

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