Topic: When do you think Bitcoin will hit $1 million for the first time? (Read 602 times)

Well, that will not only make millionaires but will make a lot of billionaires as well considering a lot of people, the whales I mean, have accumulated pretty large stacks of Bitcoin in this bear market that we're just recovering from, and I don't think any of them have sold out yet considering the price isn't too high for them yet and they must be waiting for something better.

Long-term holders will always benefit if they don't fail to keep a hold on their assets even if the price doesn't specifically reach $1m, while on the other hand, panic sellers will regret their decisions once the price goes above and beyond its previous all-time high very soon.

History will likely repeat itself, but it may not.
You can make your own analysis whether the bitcoin price cycle is still possible to match the previous ATH cycle, if you find the same thing, then be prepared to be bullish.

Personally I believe in this cycle, so I'm still very optimistic about history repeating itself for the 2024 halving. Even if it doesn't, I think investors will also be making worth returns as prices are looking very bullish ahead of the halving and after.

We all also realize that $1 million for the price of bitcoin is very high. But whatever it is, bitcoin can surprise due to its high hype. There are many factors that can convince us to get a higher bitcoin price than the previous ATH, but of course we have to fight time, and be patient.

I think the $1 million price can be reached at least it will take another 10 years from now, of course if this year the price can make a new price record or pass the ATH that has happened in 2021, after we wait for the price of $30k and it's been almost a week but no surprises yet big again, many say that when the price of $ 30k has been reached, the price will continue to rise, unfortunately the price is still difficult.

It may be sooner or later than you predict.
I wouldn't think too far and wait for Bitcoin to reach $1 million, that seems too greedy.

At the moment, I just hope Bitcoin can reach the last ATH price and form a new ATH in the $100k price area and that's enough.

Everyone has their own target, waiting for $1 million for those who are strong enough to hold for the long term or even hold for their whole life.

Buying and continuing to add Bitcoin assets for the long term.
And maybe it will be a legacy for our children and grandchildren later.

I have read some predictions about bitcoin that this coming bull run could be 300k$-500k$ each, so if this is my basis maybe by 2028 it is possible that it will reach 1M$ each.

      But anyway, I will only save as much as I can if I do this because bitcoin as an investment is really good in the long term. But of course this is just my opinion that I think it can happen.

You said it well, let's drop a date, so to start shooting arrows, what better place to look than the survey (OP), 37 users have "thought"; I chose 2042 or later.

I think it is better to prop up that there is a lot of suffering or volatility below that 7-digit figure. This figure is based, let's be honest, on the historical background and on its percentage growth after all these years.

The "%"" is the only way to give strength to that millionaire price in the short term, because if other economic edges are analyzed, one can become pessimistic and fall into deciding for "never" as shown by the small survey,  that It is still "a game" but in a niche like this where the average person is supposed to know how bitcoin works, it can be looked askance at. But giving it a little "sentimental" community value.

The first place, it is as expected, many want and are enthusiastic about the prediction short term  and place it right there around the corner.

In any case, I think that 2030 is a good date(as well) to start seeing significant changes in the price of bitcoin and this basically because these years to come are quite complicated, (maybe!)new bellicose confrontations, so a panorama complex. And that would add to the uncertainty of the global economic situation.

So, these 7 years should be transformative and accentuate the bases to think about high 6-figure prices, and from there start thinking about the difficult one million.t. And maybe Bitcoin gain not only followers but (+) value hence its price to the moon.

This is a huge price and I can’t imagine what would be the situation by that time.
Maybe, 2050 is the target for this which we can speculate that we are more digitalized by that time and AI already takes place most of the industry as well. Are you all not scared about the possible scenario when Bitcoin hits that price? Actually I’m scared not being here anymore. 

We don't know how fundamentally the price will increase after the halving, will this cycle always be what we expect? Maybe the previous history was too sweet what we saw but the journey ahead is still difficult to predict but I also don't deny that the increase in bitcoin prices could be higher when the bullrun really comes but I'm still not sure if 7-8 years bitcoin will be $ 1M it's still too much for us to see.

Maybe we can see how the bitcoin price will be in 2030, but this is still a long way to go and it's not certain that we can survive by crossing the price limit of $ 100K - 200K, maybe at that time we will have released the bitcoin that we have, but if you can survive then you will see fantastic value in your portfolio.

I don't know how I feel when I see high prices.

Somehow I'm still not sure $1 million is achievable in the next 6 or 7 years, too big for me to hope for.
However, I don't ignored about some things that fundamentally support the price pump like halving and other, and on the way to 2029, bitcoin will have 2x halving between 2024 and 2028. If all goes as expected, then there is a possibility of $1 million being hit after year 2030. But before that, I really hope $100k is hit which is probably very realistic to expect in 1 or 2 years from now.

I just believe most of us are very likely to sell this asset if bitcoin hits $100k, even I also believe most of us don't have that many bitcoin when it hits $1 million.

Predictions for 2x of ATH may look more realistic than speculation to reach the price of 1 million in a few years, predictions can be calculated based on the increase from each halving period even from the last halving period which has reached more than 2x for the previous ATH.

Options for other altcoins are not guaranteed there will be movement with the price of bitcoin, every altcoin is riskier than bitcoin and of course we will choose Bitcoin investment for the long term, always consider before you experience losses from investments other than Bitcoin

when the price hits $100,000, that fear might betray them this time when it's going to rise more than what is expected. the crypto market is unpredictable and while there is a global crisis that will last for years, the price of BTC could be more than $120,000 after halving. while the value of their savings decreases tremendously, they will jump into BTC pushing the price to more than $120K.

i doubt it will reach $1M as said by Balaji though. 2037-2042 probably, it's going to be expensive and investors will look for other altcoins as they see the majority are also going up along with BTC.

To begin with, bitcoin must reach the $100,000 mark in order to move forward. If you think back to what happened when bitcoin hit $69,000, it is clear that the path to $100,000 is very thorny. When bitcoin reached $69,000 people almost stopped buying it because they were scared and the realization that they would have to wait a very long time for the 2x also played a big role. Who and for what purpose will buy bitcoin when it reaches $100,000? 

With each new bull market, bitcoin grows less and less. There will be a new halvig in 2024, after which bitcoin traditionally starts to rise. Let's assume that the last bottom repeats again before the Halving, which means that theoretically the price can reach 200k at the high (15k*15x), considering that the growth will be less than in the past times. Probably 1M will happen later than 2029. If it ever happens at all.

Well, it shouldn't take a lifetime for that to come up considering only a decade ago, people used to call Bitcoin a useless technology and they called it a bubble when it started growing up and then dropped down a bit as well, but what it managed to achieve in their faces, it has hit $69k in not more than a decade from that point.

So I would probably say that it's achievable, but as you said, it will definitely need a very high level of global adoption and recognition and of course, a hell of a lot of buying pressure from the masses. It has a limited supply, so the demand will surely increase with the adoption increasing.

It is inconceivable if the price of Bitcoin can reach $ 1 million, of course it will make a new new millionaire, even many forum members here will become millionaires, I also hope the price of Bitcoin can reach $ 1 million before 2035 or 12 years, if that happens My age in 2035 has been 40 years and I want to retire from the current job.

True still good and bad year to go, In my opinion, bitcoin could reach 1 million but in the next couple of decade for now and the overall crypto space should made a breakthrough that real word must depend on crypto.

But for now lets accumulate more, building and waiting for the next ATH

Well, I just looked around for $30,000 and found a collector's book for a famous car brand for that price. Following your logic, in 10 years it will be worth one million, right? Because it just takes time to grow in value, right? Or, perhaps, the growth or fall of rates is determined not only by time? To predict whether and when a bitcoin will be quoted at the level of 1 million, one must not only operate on one’s desires, but also analyze the impact of such a bitcoin on the economy and their interactions. And, if you calculate everything, it turns out that for such a bitcoin rate, the entire economy would have to be completely rebuilt in those 10 years and largely under the influence of bitcoin. Is it possible? Yes. Is it likely at this time? Everyone decides for himself, but, in my opinion, no.

2029 or sooner - why are you not sure?

I chose the faster time frame because the FOMO of bitcoin on bullish trend this time tends to be more than before. The collapse of the major banks would greatly support my assumption as there will be many large investors involved in investing in bitcoin as a store of value. If that's true, then $1 million is not out of the question on this fast time frame or 2029 or sooner.

Very very long process which it might not happen in our lifetime considering that we are talking about hitting up $1M/coin which is something that it is close to impossible or i cant
really bare out to think on how big the overall global scale of recognition and adoption which we do really need for us to hit up this kind of number or level.
This is why i cant fathom nor bare or imagine on how far would be considered to be enough on reaching out this state and this is why i dont really make myself
that too optimistic with this kind of approach when it comes to price goes to million.Just deal on whatever price we would be able to hit up.

I think it's too close for bitcoin to touch the price of one million dollars in the next four rounds of cycles, in other words it's quite a difficult thing to achieve if you look at every cycle we experience an increase in the price of bitcoin getting smaller in price intervals or from the previous ATH to the new ATH the thinner the increase, I think more precisely we need roughly ten 4 year cycles in bitcoin to touch a million dollar bitcoin price.
But until the price of one million bitcoins will be faster, if the dollar is dropping in price from year to year, then we don't need wild adoption because the comparison is that the dollar is falling or weakening more than what we currently imagine and in terms of exchange if the dollar weakens more than then bitcoin can easily touched the price of a million dollars.