Topic: What are the fundamentals behind the conception: 1 BTC will worth USD 1 million? (Read 394 times)

Finally FOMO; when some 10% or 20% of bitcoiners believe into $1M value for 1 bitcoin is going to happen then rest of people including people-yet-to-invest in crypto as well will get into FOMO which will be doing the rest of job. Moreover when we continuously talking about higher value then that will become as a target due to the same FOMO factor.

Basically bitcoin appreciate in value at least 10x in every four years which means last cycle's ATH was 19k and from that if we calculate then by end if this cycle we may see 190k or at least 100k may occur and by next cycle which is expected to happen by 2025 we may see another 10x bull run which may set ATH around $1M; I mean even technicals also in support of $1M levels.

Bitcoin wallet with over 100k btc coin is said to be increasing and the investment is coming from Institutions, those that are long-term holders. There investment strategy is to own a fraction of the whole bitcoin supplied. This movement from institution and wealthy individuals around the world is changing the asset class and will easily increase the value of bitcoin toward 1 million dollar in the nearest future , if the scarcity is sustained.

Fiat is never going to disappear because as we know governments derive a lot of power out of that scam so they are never going to let it go, just look at what it is happening right now, they are seeing they cannot kill bitcoin and now they want to confuse people y releasing their own cryptocurrencies which they will claim are better than bitcoin.

But we know the truth and sooner or later people will realize they have being wrong about holding their fiat as it becomes obvious that inflation is coming and all the wealth that it took them years or even decades to accumulate is destroyed by greedy governments that could not stop themselves to print too much money.

About $15 million by 2028. I explain why in detail here: go to www.zurcoin.com/resources and download WP#2. All the math is in there.

It is pure speculation that will come to the past may be in the next five to ten years from now. To be honest, BTC will worth that value with the institution adoption embracing blockchain technology.

When Bitcoin was the first to launch, it worthless, the price was lower than $1, and a lot of people don't trust it and maybe their question like you now, "What the fundamental behind this digital asset" And Now?? Do you think people know it will become like this??

So from nothing become like now, and you still wondering about what the fundamental behind the concept 1BTC can worth 1M?? Bitcoin will do it, but need time same like when it first launched, can be faster or slower

We do have those kind of impressions that fiat is scam but people would still end up on supporting and using it.I dont see for bitcoin to completely replaced fiat no matter how

successful would it be.It would really still remain as an alternative period.It can might go mainstream but it wont really get to the point that it would overtake fiat.
For those conception of bitcoin to be worth 1M then we do have our own views on certain things which its better not to stress out yourself with that.

It might be non realistic but this is a free market which its expected that speculations like this would exist.

Which is precisely why we are seeing institutional investors being interested in holding bitcoin, a fiat currency could work in theory, but that will need that governments do not abuse their power and the trust that people have put in them, if that was the case then many people will never see the need for something like bitcoin, but that is not the world in which we live in, governments have abused their power to the point that the economy is not viable anymore.

And with that in mind people are looking for ways to protect themselves, gold is a good option but it seems that bitcoin is going to eventually take over gold when it comes to become a store of value and in that case it is a way better option to just hold bitcoin and prepare for the day in which people are going to finally realize that fiat currencies are a scam.

Yeah, actually lately I have been thinking more about the fundamentals of fiat money having value than the fundamentals of bitcoin. I don't think people have realized it yet but the problem is not the Bitcoin grounds, the problem is the grounds of the currencies issued by central banks, and more with the acceleration of printing they have suffered lately.

It is very easy to see why a price of one million dollars for each bitcoin is justified from a fundamental point of view, when people think about the money that governments print they think of the actual money bills that they can use, but they fail to understand that the great majority of the money around the world right now is in the form of electronic money and what it is even worse is that banks can print money as well in that way.

So far the inflation that we have been experimenting is very mild because people still trust in the US dollar but once that trust is finally lost all governments around the world that are holding the US dollar are going to begin to try to spend it to get something out of it, that's when hyperinflation will come and the price of bitcoin will easily reach one million.

It is a dream that will possibly happen 20 to 50 years from now. We cant say what strong fundamental will that be but if the pricd of bitcoin before was cents to dollar to 60k usd now, then 1million usd could also be reach.

But one thing is for sure, since bitcoin has limited supply and if we have reach that few supply to circulate, the price will surely flactuate that much.

The wishfull thinking I guess but it is based on analysist. When we make a prediction using technical analyst or fundamental analyst will certainly have a wisfull thinking, right? Because with that feeling we will have a hope and it will make us more confident to our prediction.

Can you imagine, how bitcoin can reach $60.000 even more when its price just have a price $1? Did you believe that? Did you have you wishfull feeling at that time? I guess yes. Nah, it will be same right now, when we have expection for its price reach $1 million.

Its just a wishful thinking but we know that its really impossible to happen even how far bitcoin could able to reach when it comes to full adoption scale.Come to think that
it would really overtake lots of things when it comes to cap if this case do happen.People who do call about $1M per coin is just really that dreaming off or just really too positive nor
trust up too much with bitcoin but i cant really blame them though if we do see on how far bitcoin had become for over a decade then we cant just ignore
the possibilities but we cant really just ignore it.

Turn that on its head and it makes more sense, a million dollars may be worth just a single bitcoin one day.  It can also be that dollars will not be exchanged for anything, they are just promises of value not an actual asset within themselves.   At present the system has turned to politics over trade and the chances of this outcome is increased.
  The biggest change going forward is the dollar itself rather then the things it prices, we could view this transformation over a century or a decade but at some point it occurs in just years.

This is a great wish, but it has strong fundamentals, given that Bitcoin is like gold because there is a fixed amount of bitcoin and the amount extracted decreases every four years also there are many who store large amounts of bitcoin in their wallets, this makes the supply in the market little, in addition to all that Bitcoin adoption has accelerated by large institutions, all of this makes the value of Bitcoin increase steadily over time.

In a recent Lex Fridman podcast episode, episode #171, Anthony Pompliano shared his reflections on how and when, he said end of 2026, one BTC will be worth USD 1 million.

Yes, I reflect about this always, I am original from a south american country and I know inflation first hand.

The fundamental.
1. Bitcoin is the no1 asset in the crypto world, all crypto assets depend on the Bitcoin price
2. Less Supply, try to compare it with the human population around the world
3. Huge Demand, the demand is increasing every day
4. Scarcity
5. Financial Freedom.
6. Decentralized
7. News, promoters, influencers and etc, will make Bitcoin easy to spread around the world

Good point..

The real question is what if the ONE MILLION you have in mind will be reached but will not be the one you have in mind?
The dollar is devaluing so much against btc and it may well be possible that btc will reach that level but one dollar of those days will not buy what you expect to buy from one dollar of today.
Inflation, QE and all the rest of it are nasty things, my friend.

Right since I entered into Bitcoin, I have stayed true to its initial idea of inception i.e bitcoin is digital cash rather than being called as Digital Gold but over the years I received so much of hate and criticism from the global and local community for calling it so and with the current prices I was indeed been proven wrong that it's slightly impossible to use Bitcoin as a currency. Last year mid March I made a transaction of 0.1 btc for a $500-$600 art product (couldn't remember the exact value) and today the product isn't worth $5-6k but bitcoin is worth it.

I have always read about the Digital Cash discussions of bitcoin but never prevent the discussions which claims bitcoin was digital gold till Feb 2021. After the prices pumped higher and higher, I got back to the mailing lists and read regarding the initial days of reviews after the announcement of bitcoin. I found two interesting pieces of information - one was from Hal and another was from Satoshi and both agreed that it was more of a gold replica rather than a fiat currency replica.



We can conclude by this discussions, bitcoin is mimicking the bitgold concept. But what is the purpose of bitcoin if they aren't being used in day to day transactions like fiat money? Just to hold monetary value? If we consider bitcoin as equivalent to gold, gold will win the game as there are lot more use cases of gold than bitcoin such as bullions, jewellery, artifacts, electronic parts and aerospace equipment etc. The primary purpose of bitcoin was to eliminate the banks and to function like a currency for the internet but yes there are more stablecoin and inflationary cryptocurrencies alternatives like monero but over the decade the real purpose of why bitcoin was invented has been destroyed.