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.

Yes, I am going to report it to the person in charge of counting the posts of that campaign.


It sometimes happens in some of those who carry that signature: that kind of posts. Relatively long, generic, without having read almost nothing of the thread and/or without having heard the news related to the thread. Plus when you call out their bullshit they don't come back here to defend themselves. This was more common before but I know that Stake's management has made an effort to improve, although there are still several cases like the one we have just seen.

So take note, those of you who want to post in this thread. It is not self-moderated but if it is low quality it will be reported to moderation and your manager to decide whether to pay you for that post.

On another note, after yesterday's dip we are again approaching $0.1M per bitcoin, being at $0.0992.

The downturn is likely due to selling those who will then buy back at $150K or higher. Or as Adam Back said, to move bitcoin from weak hands to strong hands.

I guess he's not paying attention on current news happened and he just post like that without verifying everything what he said.

Most likely he is just shit posting since we can totally see that everything he write is just pure nonsense. Since if he just do a research or at least get updated with latest event for sure he would never say something like that.

Anyways there's still long way to go and before $1m reached hopefully by next year we can see bitcoin to cross at $200k.

I noticed you mentioned yesterday, but I was too busy in real life and I wasn't able to come back to the forum. So, I want to ask where were you when Bitcoin reached 100K yesterday? didn't you check the price yesterday when you posted that? Bitcoin is below 100K right now, but it was over 100K the whole day. So, I assume you were shit posting. Bitcoin won't have to wait to reach 100K but it already touched that magic figure. I expect you to check the market price when you write a post. 

Here's the possible scenario if this one happens $1M/coin.

1. People will be accumulating on this peak price and hoping for $10M price per coin
2. Having those sleepless nights due to missed out opportunity on buying on $100k
3. Waiting up for that extreme crash or correction.

We have seen on how people did these things when price is playing around on $10k per coin. Now that we have reached out $100k then
what would be the other reasons that other people been seeking for them to get convinced that they should accumulate more Bitcoins on whatever the price they will
really be that getting in? People are really just that too afraid to risks on investing into it, if they do then they do easily get shaken whenever the price do make out some 5-10% correction. lol

My body is ready

Quoting for future reference. 

It's incredible how the market escalates too fast. I am being honest; I thought it would take us a few more weeks to break the hundred thousand dollars because the market was moving sideways for the last couple of days. We were at 99K+ but were not able to reach 100K. Since then, the market has even come back to 93K a couple of times. It was probably 95K when I last checked, and the market was normal. I just woke up this morning and got a notification from a CEX app that Bitcoin reached 100K. I hope I will see another notification in the morning that Bitcoin has touched a million dollars.

Come on guys, the price is still very cheap, it's only $0.1M now, you can keep buying. In a few years it will happen as it has happened repeatedly in bitcoin history, that people will wish they could have bought at a price as cheap as $0.1M per bitcoin.

I'm very confident that that's MORE than likely to be reached during the current cycle. It's the price-point of $500,000 that's "likely". Although I'm not very confident that Bitcoin could hold those price-points for a long amount of time. I believe it could surge to probably $500,000, then crash to $100,000 or lower, but perhaps not lower than $70,000?

Buyers of Bitcoin during 2023 will have a very "relaxing" bear market.

I think we’re likely to see a quarter million dollar Bitcoin next year. There are those who think we could see as high as half a million per BTC. Not many are predicting 7 figures next year though. Personally I would bet on that happening in 2033, but you never know how enthusiastic the market can get if things start to bubble.

I see somewhere in a post that someone said 100K is just a checkpoint. It is not the maximum price could reach. I agree with that and I guess I also said a similar thing in another thread. The thing is, we did not understand how Bitcoin works and how the market price fluctuates. It took me a long time to understand why the price increase and when and why it decreased in price. Once I understood the point, I started saving my Bitcoin. I wish I had known more about it before. I knew Bitcoin as a cryptocurrency only which can be used to pay for services and that's it. But I did not really believe that Bitcoin could reach 100K one day. Which is now happening and the next target is much bigger than before.

It was probably a very different environment during 2011 - 2012 for a respected developer to make a prediction that Bitcoin could be a "dominant currency". But currently, because of Bitcoin's technical limitations, we could truly say that as a "currency" it might not become the most "dominant", but as an investment or a Store of Value, it could be.

What does everyone believe Hal Finney would say if he was alive today?

   ¯\_(ツ)_/¯

That's the the things, it wasn't very easy to believe then that Bitcoin will reach where it is today, many of us were very skeptical about the whole thing, as a matter of fact many people had the opportunity to earn bitcoin for free but missed such opportunity because of doubt and in real sense we wont blame ourselves much because of some circumstance, lets not forget that some people has been scammed in different stuffs and i think the negative comments that was coming to the post made by that guy as you said was as a result of may be lack of awareness or may be as a result of previous experience being faced by people in some other things related to that, though this is a lesson learnt and it's also a head straight up that not everything that should be attributed as a scam irrespective of the encounter we have had in the past, there is no harm in trying new things out but with utmost carefulness.

As far as Bitcoin has been able to reach the price  at which it is presently which many of us doubted earlier, it is a matter of time and consistency on our own side, Bitcoin is futuristic that's why we should also have that mindset that it will reach $1M in the nearest future.

Do we really believe that this is already the extreme extent of institutional funds that flows into this market? I think not, pretty sure it will really be just that only a few percentage on what they are really that capable of. Also, if we do try to look up on other markets on which institutional funds is flowing through then we can be able to see on how big it is. Why cant Bitcoin or crypto market will really be not able to do so?
We are just that starting if we do speak about that huge adoption specially now that government,billionaire,institutions are now considering out Bitcoins existence and relevance. We do know their financial capacity and really just that simply trying out to be silent but actually having some huge plans on whats ahead. Well, this is really just that an anticipation and hopes on which it could also potentially happen.
Going back into those previous cycles on where prices is sitting around $10-19k price all time high on that point on which people been already talking about million a coin price on which there are tons of people who had been that saying that it was unrealistic and having that hopium, on which i could say that im included into those people who had been having those kind of perceptions and views too. Now that we are sitting around almost $100k then hitting up another x10 into its price wont really be that too hard or that impossible Of course it will really be still speculative and since we are on a speculative space then numbers will really be that sky is the limit. This is why whenever someone do tell about price predictions then any number would do even if it do looks that close to impossible but everything could happen on crypto space.

Even with the current "institutional FOMO" the price fails at getting above 100K. It dropped down to 94K after several days of moving in the 95-97K range. The crypto world has slowly turned into a joke. Most Bitcoiners were anti-bank and anti-goverment, and now they are praying for the banks and the US government to pump the price to one million dollars. Some wise guy once said "money is what makes a man act funny". Yes, it is possible for BTC to hit one million, but if you ask me, the day Bitcoin hits one million would be the day the US dollar becomes as useless as toilet paper.

It's really a matter of when. It's going to surpass $1M, and $10M and $100M hopefully within my lifetime.

It's simple why. There are $900T in global asset value[1], many of which sit in real estate, stocks, gold, arts and bonds, for the sake of preserving capital. These instruments have risk factors, like regulation, taxation, political influence, weather, currencies, bonds and stocks have counterparty risk etc., all of which dilute capital. They will soon understand that in cyberspace, there are no such risk factors. So they will convert their capital to bitcoin. Just 1% of that capital, when converted to bitcoin, can drive the price to $1M.

[1] https://www.onceinaspecies.com/p/bitcoins-full-potential-valuation

He had a vision of what Satoshi was trying to do and the potential of the coin he created that's what many Bitcoiners back then didn't have, I'm pretty sure lots of us didn't believe in Bitcoin at the early stages and even thought it was a new scam back then but here we're, even critics are now embarrassing and those who called him crazy would even bought as much as possible back then when they saw increase but come to think of it, I hope he didn't sell at 30k cause he'll still regret doing that, it's just like some people I know currently who've set their target of selling for when Bitcoin gets to 100k, and it makes me wonder if they think 100k is the highest figure Bitcoin could attain. Well, if they've been holding for over 4 years and more then it's their choice to sell some portions of their coin if not they'll be making a very big mistake if they sell at 100k, Bitcoin’s potential is not something that should be surprising to anyone, it would get past 100k and even 1M but above 100k is more realistic currently than 1M, maybe just maybe we'll see it get to 1M in 10-20 years time.

Normally your estimation would be correct but the situation is not static.   Even if BTC never gained another user again, it only stayed flat with no special growth even with population growth even in this scenario the price grows.

The reason why price grows is that nominally the figure is separate from value.   If I agreed to swap your house for bars of gold and we agreed 40 bars maybe, then next day I come back to swap for silver bars instead even with nothing much changed the bars as a number is at least going to double or more.   I come back soon after and its bars of copper I will offer you each time the number is going up but its the same house.
  Gold copper or silver are and always will be unique & useful, Dollars too will be useful currency in ten or twenty year but its clear which direction we're heading.

This is the scenario for BTC the way we are trying to value Bitcoin is going down each time we look.  Dollar 2024 is separate to prior years and certainly a decade ago, I think we've lost half the currency value over 20 of the last years and similar is true in most countries.  

Simple take is the price goes up as BTC is inverse to Dollar, its not got the same dynamics to its supply.   Even gold silver or copper will have a supply chain where the minute the price goes many factors of supply will jump on the bandwagon to produce more where as BTC fixes its supply regularly to stop any excess production.
  It all adds up create these large numbers and only people like Finney recognized the iterative process results & really saw it crystal clear I guess, he was a member on this forum if I remember right.

I remember seeing a Facebook post a long time ago that a guy was asking everyone to use freebitco. in the website and claim hourly faucets every day. The price of Bitcoin was around $5K to 6K, but according to him, Bitcoin would maintain a $3K on average, and we should claim the hourly faucet every day to start earning Bitcoin. I don’t remember how much the reward was; probably, it was 100 Satoshi per claim. Most comments were negative at that time. People call him crazy for such an idea. His target was to claim faucets for years and sell them if Bitcoin reached 30K. But look at the market now. I don’t think I ever believed Bitcoin could get where it is today. I am being honest; I understand that nothing is impossible. But $1M seems too far. Once again, I would be happy to be proved wrong.

I just found another one, who may have been the first to predict that bitcoin would reach $1M, our beloved Hal Finney.



He even predicted it would reach $10M, but we'll leave that for another thread.

Jeez I havent even considered 1 Satoshi = $1 in a very long time, I think
someone mentioned it a few years ago (but not in a serious way)

But yes why not - I'm sure back in the early years some people would ask
"Who the hell is going to pay $100,000 for a Bitcoin?" well here we are. Same
applies I suppose to any price point from now to $100,000,000 in the future.

We have to celebrate the big milestones, when we approach $1,000,000 there
will be a $100,000,000 thread!!

I'm not pessimistic but I like to look at things realistically. I also know about the news you are referring to: Trump's idea of ​​turning Bitcoin into a strategic reserve or most recently Brazil, or ETFs and MSTR continuously buying Bitcoin in large amounts. All of this makes me hopeful that we will have a super cycle and bitcoin price will skyrocket and bticoin capitalization can reach trillions of dollars. But for me, bitcoin reaching $20 trillion is unrealistic because that's a huge amount of money.

What I wonder is where are we going to get the $20 trillion to push Bitcoin to $1 million even with the involvement of the US and Brazilian governments. Brazil is one of the 10 largest economies in the world but did you know their GDP will only reach 2 trillion by 2023? Meanwhile, the US only intends to buy 1% of the bitcoin supply, meaning they would be willing to spend $100-200 billion on bitcoin. Not to mention, these are all just ideas and there is no guarantee they will come to fruition.

To tell the truth, I never gave much importance to the analyses of the "gurus" because, quite simply, they didn't know the crypto market. It's not, was not, and will not be the same as the conservative and ancient market models that they created and it is all methodical as they want and it benefits them. From the beginning of the BTC, they shouted that we were frauds and crazy people who lived in a bubble that would burst and swallow us. They succeeded in their prediction that the bubble would burst, only it was not the BTC but their economic system. Now everyone is shouting to buy what they cursed. But, you know, when you cannot defeat your enemy, (at least) join him.


For me, it's like you say it. But you know, they do it all the time. When BTC is bullish - "go buy or lose!" and when it's bearish - "sell now or you are doomed".
However, I believe that their real plan is for ordinary people who have managed to own some BTCs to sell them and have them taken over by people of their own system and environment. In this way, they believe that they will be able to control the market for their benefit and will "disappear" any small investor from the map.
I'm not and don't want to be a guru in economics but for sure I can make a prediction like them. Their plan is doomed to fail and the price of "The King" will not stop rising, whatever they say. So high that they will be dizzy from the zeros they will see following the one and only unit.

That is the problem. Probably when bitcoin reaches $1M you won't be surprised that the same dozen will cost you even more. But with bitcoin we are going to beat inflation and gain purchasing power, so we kill two birds with one stone.


It is not something that is going to happen from today to tomorrow but right now I believe that bitcoin is the best financial asset in the world and that everyone is going to realize it, increasing the demand exponentially, starting soon by states and more companies. Then, as the total wealth is $900T of which half is speculative, without utility (it is not the house you live in, but some shares you buy, for example), that bitcoin will reach $20T of capitalization in a relatively short time does not seem far-fetched to me. In fact, the same argument you make about gold you could make about silver. The bitcoin has already passed the capitalization of silver which has been a currency around the world as well as a precious metal for many centuries.

Bitcoin hitting $1 million sounds very exciting and of course everyone wants that to happen. But let's be realistic and as some have mentioned, with a market cap of $20 trillion, don't you think it's too big to be easily achievable? If bitcoin's market capitalization could reach $20 trillion, it would be one-third of the US financial market capitalization that has existed for hundreds of years, surpassing the capitalization of gold, an asset that has existed for thousands of years. That was really beyond my imagination.

Also, one thing I find strange is that all these experts predict bitcoin price to hit $1 million or $10 million. But I have never seen them give any analysis as to why they believe bitcoin can achieve that? They also never mentioned bitcoin's market cap at the time, which makes me suspect they were just creating FOMO in the market rather than making a prediction.


I wouldn't be surprised if during this bull season, they sell Bitcoin when it hits $200k but keep shouting that Bitcoin will hit $1 million so people become their liquidity.

There are many things that encourage someone to sell Bitcoin when the price is soaring high and usually people like this are good at seeing moments to make a profit. When in conditions like now investors will refrain from entering the market and they are more likely to see the movement of Bitcoin before returning to enter it. Some people are actually monitoring ETH price movements and maybe they will wait for the best moments to make a profit in ETH after Bitcoin gets a long rally.

I am not talking Bitcoin as one of the best investments but to see opportunities made by experienced investors in generating profits. Bitcoin can reach $ 120k or $ 150k for the future and at that time most people have gained large profits, then will again prepare Fiat to buy bitcoin on a bearish rally that will allow purchases in greater quantities.

$6.29 for a dozen jumbo the other day.

That's the scenario I'm thinking about now, when the price goes up and the profit is worth taking then it's likely to do so, because we also want to buy more in the downturn, because I myself am definitely relying on the profit now.

For now it is still on hold, I feel that the price can go to $120K or to $150K, then after the bullish period is over we can see that the bearish will come... Must prepare fiat reserves to be able to buy more.

1 dollar to sat is 100 fucking million dollars per bitcoin. I like your idea, however fanciful it may be. Too bullish for my taste but I wish it was like that.

Although the other part of the equation leads one to think it might be so because the dollar has been extremely devalued and a dozen eggs will cost you $300 in 2030. Although even on this assumption I think it would be about 10X from these levels.

Yeah, selling right now makes no sense, price will go above 100k eventually, sure we failed when we tried once, but that doesn't mean that we are going to end up with something much bigger eventually, it has to be something that will take a while to get above that finally but waiting is half of the game and that's how we make some profit as well.

We need to consider how things could change, we need to consider how price would go up and that is why we need to not sell right now, and even if possible maybe accumulate some more. I know it's high, and buying right now is hard but that doesn't mean that we are going to grow that much, just wait for it to recover and it will definitely reach to a point that will make a bit more money.

I am sorry but it is this small minded thinking that holds people back.

1million a btc is not the goal here.

1 dollar a sat by 2030 is the goal.

open your mind to that as our reality.

1 dollar a sat by 2030. Said here on your thread that only wants a piddling 10 cents a sat.


Please realize all of the above is just joshing as to even think I will see a dollar a sat by 2030 is an amazing thought for me to manifest.

As I said, not ALL. Of course, you have to sell some because it's profitable but not all of your stash.


Yes, we will sell some in any case, that's not bad or wrong. But we will rebuy when the price drops, even more, if possible. My argument is that we don't have to sell all of our coins because of the price. Even if the price is tempting, we still have to hodl something.

You look a bit pessimistic, my friend. Have you heard the news about bitcoin since the US election? A gigantic increase in demand you do not take into account? USA will probably buy 1 million bitcoins for 5 years. Brazil wants to implement a strategic reserve as well. Smaller countries like Argentina or Morocco have just passed bitcoin friendly legislation. MSTR has bought 150,000 bitcoins this year, with one more purchase it will have bought as much or more than the bitcoins expected to be mined next year (165,000) and this has only just begun.

That's why there are reputable people like Adam Back (who is not a nut like McAfee) saying that we can reach 7 figures this very cycle.

I don't have any predictions or thoughts on when bitcoin will hit $1 million because that's too hard but I agree with you that it won't be easy to get there. 10x growth from now on is not as easy as before because bitcoin's market capitalization has reached trillions of dollars, and trillions of dollars is a very big number, not as small as people think.
I am surprised that people still apply exponential growth model to bitcoin and expect it to give them x5, x10 profit in just 3 to 5 years. This can easily be applied to small cap assets but with assets that have become huge like bitcoin, we cannot apply it. People are getting a bit delusional and setting their expectations too high and unrealistic.

Even if Bitcoin hits $100k which I know that its brighter hope brought about the conviction to open this thread, the $1m is still 10x from it, it's large. This is still not different from how people viewed Bitcoin the last time it hit the ATH of almost $70,000 for the first time in 2021, you would see people calling 500k or even $1m very soon, which excitement and the elaborate view is rekindling again, we should take it easy. Regardless, your question is very accurate even though I don't think Bitcoin can reach $1m in 2 decades, but "When" is a very proper question, but no one can ever say they know. This generation may not even witness it.

I wouldnt take these predictions deadly serious because the unspoken words to such a high figure is we are discussing decline of the dollar perhaps more so then Bitcoin itself.   If they did pandemic levels of money printing again next year then 1 mill could happen in 2027 maybe but otherwise I'd think not for this decade especially not if they the powers that be for monetary supply are sensible in any way.  If you think otherwise you are expecting a weimar republic type collapse perhaps.

Optimistically speaking it could also be in 1m target we are discussing a grand explosion in usage.   More then the original core pursuits for BTC which was mostly online and gambling related but all kinds of usage.  People have been speculating we do the physical grocery shopping with BTC for a while, its not impossible and might be true some places but Im not expecting a blanket usage for BTC in every possible place.

    The other take is reserve asset usage, Bretton woods post ww2 famously used gold as the backstop to continue centuries of tradition going back to Issac Newton as treasury master; again I dont expect this to occur this decade at least.

Roll back at least 2 years....

Imagine posting this thread back in 2022, it would be lambasted and criticised.

Now - $1,000,000 Bitcoin is not such a fantasy at all, its definitely on the cards, for
2025 - Its hard to see.

The biggest driver of this is the Trump factor and his proposals to add it to the treasury,
who would have thought of that happening 2 years ago or before?

Michael Saylor for sure is preparing for $1m and beyond, he sees it.

I don't think that the OP is suggesting it's possible in this bull run or any other bull run in the upcoming few years. It's certainly a possibility in the distant future, perhaps over a decade from now, or it might not even happen at all; everything is possible. It's certainly not bad to come up with speculations; although these might seem a little too confident, with which I agree, it's an overexaggeration that might not occur at all, but it's still a possibility. A few years ago we couldn't have imagined breaking 6 figures, so why not 7?

I fully understand your point. Bitcoin will need to 10x its current price to achieve that; if you carefully consider it, it sounds impossible.

Long, yeah because we haven't even bypassed the $100k limit yet but once we do and the price pumps consistently, it might still be possible for the process to speed up. BTC is volatile, so there is no guarantee that we can stay at $1M even if we hit it. BTC is not new and already have a lot of achievements. That is enough for me already.

I'm with him. Holding is more advanced but before we got on that part, isn't the first thing that we must do is to buy? Though, it does not matter if how much you can collect because not all have unlimited amounts. As they say, quality beats quantity and quality here is by the time we hold on to the higher price level. BTC is not new and a lot of people have learned now from their mistakes, so I think a lot of people now can HODL longer than ever.

There are some that will sell on future ATH's before we hit a million dollar but they can always buy and HODL again. That should make their life more easier though with a cost of some profits. We are almost at $100k last time but who would have thought that we still fell down to $92k now? Lol. So indeed that the road seems bumpy now. It is like we are still giving some suspense before the main show arrives.

It is not a big mistake to sell coins now they certainly have a target when $100K, especially those who bought in the range of $20K back then they already had 5x profit when the price was $100K.

The question is who will be the strongest holder?.... During the road to $1 million?

I'm sure... when the price of bitcoin reaches $200K all investors will be excited they may release their ownership in part or all... then to $500K will certainly be even more excited, right?

But I'm sure there must be a true holder to hold up to $1M.

I will wait, man, count one for now! 
Why do you doubt it? We are still here, right? If we, the members of this community doubt for BTC, then it shouldn't get the $100k milestone, not even $100.
OF COURSE, no one has to sell all his coins now, that would be a huge mistake. And now, everybody knows that. For sure though the road until the $1mil is difficult and more than early to even talk about it but hey, why not believe in it instead of being pessimistic? We always see everything optimistically, otherwise, let's dig a hole and get in from now.

My question is how many people can hold bitcoin until the price hits $1 million? Because the road to $100k is really bumpy and we're not even there yet but many people are already selling their bitcoins. Bitcoin is not growing vertically and the road to $1 million is much more thorny and challenging, can we persevere until then? I doubt it. Maybe everyone believes that bitcoin will reach 1 million dollars in the future, but the problem is that no one will wait until then because life has many things to worry about and does not allow us to do that.

This will be a long time journey for Bitcoin to hit $1M per Bitcoin but we believes that the price can be at that price in the future. We must have a big patience in holding our Bitcoin and continue to accumulate more Bitcoin while we are waiting for the price hit that price. That will also makes people amaze when they see that price because they will never imagine to see that. That could be 2 or 3 cycles of bull run for us to see $1M per Bitcoin but who knows that will happen out of our prediction since Bitcoin can go to any highest price. I am sure that many people will make sure they are in that moment and sell at that price. But the question is how many Bitcoin we can collect when the price hit $1M? That is what we need to works on.

Well, this is a key factor and I totally agree with it. With the price of BTC having reached $100k and having the undeniable prospect of exceeding it (perhaps even 1 million is little), many new investors will tremble at the idea that the price will fall by 3-4-5%, something which for us "veteran" people and those who deal with the price of BTC on a daily basis is normality. I am afraid that if the price falls by 25-35% we will see very bad situations as in the cases of economic crashes. Especially from small investors who do not have insurance keys/ safety net measures or the patience for the price to return to the levels they bought.

Not everyone underestimates the potential of bitcoin, everyone believes that bitcoin will reach $100k but the market knows how to torture our psychology.
After rising to $73k before the halving, the bitcoin has been correcting and moving sideways for months. That makes people skeptical about short-term growth and that's why no one believes bitcoin can reach $100k before the end of the year.



Even if my numbers are incorrect, we'd still need tens of trillions of dollars for bitcoin to hit $1 million, and I don't think that's going to be easy to achieve anytime soon.

The US stock market was founded in 1972 and is considered the most lucrative market when it comes to finance, but to date, its market capitalization is just over $50 trillion. How could a relatively new asset like bitcoin reach a market cap of $15-20 trillion in such a short time? That's much more absurd than bitcoin hitting $100k this year. I'm not underestimating bitcoin's potential but let's be realistic.

It is true that the price of Bitcoin will increase, in the future the price of Bitcoin will increase even more and investors will be created. I think that when the price of Bitcoin reaches 100k dollars, it will follow the highest speed and move to a higher price. It may follow a million dollars very soon, but we have to wait for 1-2 halvings. If the price of Bitcoin continues to increase like this, it is definitely better to invest now for those who are deprived of investment.

Because the world's largest Bitcoin holder institutions are only holding Bitcoin, and they think that they will hold Bitcoin for a few more years to come. And I think they will definitely be successful because the price of Bitcoin increases by several thousand dollars every day.

I never worry about the price of Bitcoin falling, I worry about the future. Because from the past to today, the price of Bitcoin has only gone up and sometimes it has gone down, this is a good opportunity for investors to invest in Bitcoin. Because when the price of Bitcoin reaches 100,000 dollars, it will move towards 200k dollars, in this way, step by step, I think it will not take much time for the price of Bitcoin to reach 1 million dollars.
Maybe we will have to wait for another bull market to start to reach 1 million dollars, when the price of Bitcoin touched 95k dollars and I bought Bitcoin for 96 thousand dollars. I bought deep with the funds I had accumulated by following the DCA method.

I think the OP is fast tracking to the future, not even the near future cause that figure isn't realistic in this bull run, it could be possible in the next two circles but not now, Bitcoin is almost 100k and yet to break into the six figures and someone is already thinking about seven figures. Well, it's not bad to think deep and wish your thoughts could be fast tracked into a reality, I'm not saying it's never possible, of course it is, we've all seen the potential and how far it could go, we've seen that more people are embracing it but then heading to the seven figures in this circle or even the next is not realistic, it would definitely get to that point sometime in the future and hopefully we'll witness it get there. I've stopped bothering myself about what the price of Bitcoin would be in future or how high it can go cause I've come to so much believe in the potential of it and all I care about right now is accumulating more of the coins for the future, which I consider very important.

As far as I know, we have just over 1.3 million bitcoins left to mine and the mining of these bitcoins will last until 2140. Meanwhile, in just 8 months since the ETF was approved, they have purchased over 1 million bitcoins, which makes me question whether the halving is still the main catalyst for bitcoin price increases. In my opinion, we should monitor and evaluate the demand for bitcoin in the coming time to predict when bitcoin will reach $1 million instead of continuing to depend on halving.

If the demand for bitcoin continues to be maintained or tends to increase more strongly when Trump declares his support for bitcoin. Bitcoin hitting 1 million could happen faster than you think.

People are still clinging to the halving and thinking that is the biggest catalyst but in my opinion things have changed.

Did anyone freak out yesterday or get sad about the price drop? We have to be aware of the price levels we are at. When bitcoin was worth $990 it going down to $958 did not have the same effect on people's minds as when it has dropped from almost $100K to $95.9K. We have to get used to these price swings on the way to a million. In the not too distant future price increases or decreases of tens of thousands of dollars in a single day will be normal.

Considering the growth after each halving cycle, I can say that I am optimistic about the price of Bitcoin at $1 million.
Many Bitcoin maximalists say this. I guess McAfee's prediction was not even realistic at that time, now they are talking about when it will happen.
I'm glad to be on this forum and that bitcoin is so inclusive.
I will remember this thread when Bitcoin reach 7 figures.

Looking at the possibility of this happening in 10 years, yes there is definitely all possibility of it happening, bitcoin achieved its first $1k price after the 2012 bull run and then had a pump of 10x to $10k in the next bull run which is after the 2016 halving and then the next 10x from there took an extra two more halving (2020 and 2024), which means the volatility has been reduce needing at least 10 more years to get a 10x which is the current $100k we are touching soon. So going with this same trend then i will safely say we might need like three more halvings to get another 10x and that will be like in 12 years, precisely around 2036 halving. That will be like 2x the ATH after each halving period. This can be be achieved even before then but it is more realistic like this due to the decrease in its volatility

Although McAfee's statements were quite loud and unrealistic at that time, he still inspired the community to believe in the bright price future of bitcoin. It's a pity that he couldn't catch our time when bitcoin reached the $100k. mark. Not to mention $100M.

$1M. for 1 BTC is inevitable, but unlikely during this cycle. After all, it will take some time for the world to accept (and invest in) it. We should not forget about the problems in the global economy, in other words, the world needs extra money to push the price of bitcoin to a 7-digit figure. I hope that the economic crisis (which has not yet been "canceled") doesn't push back the date of reaching $10M. for bitcoin.

I know that one day the world will see 1 BTC=$ 1M., but when exactly doesn't matter to me. We still can't influence the course of these events in any way. It will happen when it happens.

Yes. I doubt it too, but it's worth saying that people often underestimate Bitcoin's growth potential. Just a few months ago, many people doubted that BTC could double in price and reach 100k by the end of the year. And yet, here we are.

Also, I don't think your numbers check out.  You're going by Bitcoin's total possible supply, but that dosn't work because not all coins are really out there on the market.  Total market cap doesn't take into account the real market supply, which is actually much lower.

More likely in 2 more cycles so around 8 years more but that would be a safe assumption if it will be in 10 years. Having even 1 BTC in accumulation for that long will be good enough for retirement but I wonder how much inflation would that be at that time. But still, the expected price selling point is going to be greater as the year passes by for most of the holders especially those that have been holding for many years.

It's likely that will be the scenario. Companies and institutions like MicroStrategy are the ones that will own most of the BTCs that will be sold by many hodlers by that time. While them, they're going to be the giant and oligarchs by that time having some impact with the lesser supply in the economy.

Bitcoin has the potential to reach $1 million but I doubt that will happen in this cycle, even if something makes it more attractive and even governments start investing in it. Bitcoin's 10x price increase seems simple if we look at its history but we should also consider its market capitalization. That means we need trillions and specifically $19 trillion to help bitcoin reach $1 million, not just 10 billion or 100 billion like before to help bitcoin increase by thousands of percent. That is also why we can easily see that bitcoin is becoming less volatile and no longer brings as big profits as before. I think it will take at least a few more bull cycles for Bitcoin to hit 1 million, IMO.

It's very likely that BTC will reach $1M with its deflationary nature and capped total supply, big adoption is what it needs to get it there.

to be honest, I think bitcoin gonna start taking off where most of BTC are going to the wallet of the big buyer and becomes dormant leaving very few supply on the market available and at that time the price of BTC gonna shoot up so high because scarcity. if bitcoin strategic reserve is really happening I can see such thing to also happen.

I believe by the end of 2033 Bitcoin will have surpassed $1M. In fact I'll even take bets from people that disagree. But only up to 0.001 since it's such a long term contract and it will be a lot of money in 2033 dollars  .

i believe also even though it still too far but for sure time will come to hit that $1m.  See where Bitcoin  now after all the correction and bad news since from the start . It didn't fail to achieve our expectations and prediction right? So no more doubts that bitcoin is the king after all the achievements and let's expect soon that we will see more ATH, and probably even that $1m is not enough for Bitcoin when every year it goes to the moon!.

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

It's $100k first for Plan B in 2021, but it didn't happened that's why he has been trolled and exposed how flaw his modeling that time. And it's true, we didn't get into that 6 digits in November 2021, when everyone is waiting for that price to be breach.

But still you can't deny it today and if it predicted $1 million, then it's just a matter of time before we will see that price.

It could take several halving though and making Bitcoin one of the most scarce assets or commodities known to man to push the price to $1 million a pop.

Although it came later than McAfee's (rest in peace) crazy prediction, I think PlanB's Stock-to-Flow model was one of the first I remember seeing to hint at a potential $1 million Bitcoin. While I don't think he specifically mentioned a $1 million price target, his model definitely suggested that Bitcoin could reach that kind of crazy number during this bull cycle, before the next halving. It was pretty exciting to see the potential!

No coiners mocked Bitcoin could reach $1k on the early days and then laughed about $100k but they cannot deny it anymore that we're going there soon.
They mocked, laughed and now wanna have it but when they do it's likely that they won't have it because their thoughts will fight about it telling that it's already expensive for them to have it.
I'd be happy to be part of this historical thread soon, hello people of the future!

Bitcoin price today is only at 9.7% of the stated target price.  I wonder how many 4-year cycles is needed for BTC to hit $1m a piece.  It may take more than a decade if we assume that the price growth of Bitcoin's ATH every cycle will be followed.


Well there is nothing set in stone for Bitcoin price, and we also know that Bitcoin market often put analyst into shame...  so it is normal for people like us to get it wrong.  Besides October is often an uptrend for Bitcoin market, plus the hype of Trump's support for Bitcoin, so it is not surprising to see Bitcoin price surge.  If the hype from Trump's action is removed from the equation it would probably be a different story.

Is it unlikely? Yes, impossible? No. This is one of my posts a few weeks ago, in a speculation topic regarding whether the price is going to hit $100,000 within 2024.


As you can see, I was quite confident believing that it's unlikely to surpass $100,000, but I was proven wrong, it hasn't surpassed it yet, but it doesn't really matter at this point, it reached $99,600, which is basically the same. With that being said, we shouldn't rule out any possibility, although $1 million seems extravagant, it might be possible in the distant future.

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.


In any case, after a disappointing 2020-24 cycle in terms of returns, where we started to talk about institutional adoption but it was much lower than expected, now it seems that institutional adoption is really starting. Michael Saylor is buying bitcoins for MSTR as if there is no tomorrow, the US president-elect promised to create a bitcoin reserve with the ones they already had but the Cynthia Lummis proposal to build up the reserve by buying bitcoin, up to 1 million in 5 years, has quite a few signs of becoming a reality, as there are 269 congressmen and senators in the US who are pro-crypto. Not only that, the US president-elect's appointments so far to his cabinet are mostly pro-bitcoin, people who have publicly stated that they have bitcoin holdings.

All of this we already know can unleash, and is already unleashing, institutional FOMO, leading to supply shock. This has led prominent figures such as Adam Back, creator of Hashcash and quoted in the White Paper, to say that if the strategic reserve goes ahead we should prepare for a 7 figure bitcoin this cycle. There are other characters, perhaps not as relevant but with public influence, who are in the same line, such as Samson Mow.

In any case as of today $1M per bitcoin no longer seems crazy, it no longer seems so far away, and I am creating this thread for us bitcointalkers to share experiences along the way.