Topic: The BTC to $1M thread (Read 1131 times)

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.


We can reach that price in January.

The best scenario is looking at Bitcoin in the middle of 2025 and seeing the price being 120k-150k and more.
 
Its dominance and rally is still there and going, accordingly.

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    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.

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.

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.

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.

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.

Sure but let’s reach 500k first 

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 

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.

A few more cycles and we are going to cherish the moment with warmth that we've got the opportunity to buy at 90k-100k.

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.

$1 million is very possible if there's surge of demand from large institutional investors and massive increase in adoption, just imagine if there's 5 - 10 more countries that adopt bitcoin like el salvador, knowing el salvador's success such thing isn't impossible at all, and on top of that, only very few institutional investors diversify their portfolio in BTC right now, other developed countries will also do the same thing only matter of time, $1 million per BTC is just about time.

as of now, only fraction of global population exposed to BTC, i'd say, the potential for BTC to reach $1 M is obviously there.

even $100k right now is still pretty undervalued I dare to say. but knowing the volatility and bitcoin's recent behaviour of flash dump, people would be doubtful but I don't.

Yes, we can say that sky is the limit moving forward, it might take decades for others and we can't do anything about it. But the market can do something that we don't expect, just like what we are seeing in this bull run.

Maybe we could get into $200k at the top for this run.

So everything is possible, it has been proven many times already and all we have to do is to believed that we will achieved and unlocked that 7 digits in the future.

I see some points in your statement Mr Poker Player, cause recently several goverments, institutions, companies and rich individuals are becoming to pick interest in purchasing in large quantities, Microstrategy and Blackrock are accumulating aggressively and you're right that they won't stop buying but accumulating.

 Sailor alone, believes in the possibility of Bitcoin getting to $1m so he won't stop buying or sell what he's holding soon. Wapfika, if you listened to Trump's speech recently you'll understand that he wants to be very aggressive in owning the highest reserve and it would lead to a competition among top nations, that alone could draw BTC to $1m nearer.

Your body and everybody else better be ready because it cant be a singular effort to get that high.    The best hope I heard for this large a target is that the new president Trump has the intention to lower the dollar.

I think the intention generally is to lower imports, lower dollar and export more hence a lower dollar helps that ambition.  So thats trade in a conventional market but also I think to really put a rocket under Bitcoin for a year or more will require a lower dollar by like 10 to 20% at least.

Instrument or ticker to watch for that generally would be DXY though its also more complicated.  We see DXY heading up to 100 since early November and it needs to be two figures for the whole of 2025, with expectation downwards.   Its possible and its possibly not the best thing for BTC it probably helps alot I reckon.

I don't think so. If you had asked me 6 months ago I would have said the same as you. But with the state FOMO that is going to be unleashed, followed by the institutional one, I think it's going to be quite a bit less. Just think that Michael Saylor alone bought 15,350 bitcoins last week while 3,150 were mined. Saylor is not going to stop buying, and neither are the spot ETFs. Add to that the states in FOMO and you see the same supply shock I'm seeing.

Possibility is there, yet we dont know on what the future looks like or what would really be able to happen on which we know that crypto market could shoot up into those levels on which we didnt even expect that it could really be happening. Even on the current situation on which Bitcoin had already touched up $100k on which tons of people do even speculate that it wont happen when we are still on those low levels.

Now that we had been able to touch it then the next stop will be another x10 or $1M price on which this isnt also impossible too. It wont really be just that a smooth sail ride on this case and there would really be tons of tough resistances that would be on the way. Ex. +100k increment on which these will be surely tough resistances that needs up to be break for us to shoot up into another price level scale. Well, lets just not make ourselves in a hurry so that you wont really be that become impatient on this case. People do make out such actions just because they are really just that in a rush on making things happen.

The goal on here is to accumulate coins as much as you could and as cheaper as you can be able to do so. DCA when the market dips but usually the best time to get in is on the moment or time that the market will really be having its bearish sentiment on which prices will really be that way too cheap. This is the best entry i could say, but the main question is. How you would be able to determine the bottom? Therefore, each investment decision will really be always that giving out an assurance that you had made out on the right spot.

There’s really a possibility pf 1M but I think we should look forward and watch out first the price on every 100K since that requires a lot of liquidity in able to push the price with that kind of target.

I will be happy to see Bitcoin reaching even 150K first before dreaming of 1M each but I’m  1M target will come in the future especially if Billionaires decided to enter and play the Bitcoin holding game.

I think this thread will be open for more than a decade so let’s enjoy the ride.

It is incredible how fast things are moving, I still remember the days bitcoin struggled to reach 1k and now it finally reached 100 times that price, and now there is a very real possibility it could reach 1 million during the next decade, if not sooner, as I agree with you that at this point, it is very likely this price could be reached taking into account the positive circumstances surrounding bitcoin at the moment, and I wonder, if many years later this will be one of those threads that will be read by other people like us in the future, and they will be incredulous to read that bitcoin at some point was worth less than a million dollars per coin.