Topic: Will BTC hit 1M ? - page 5. (Read 1752 times)

Certainly it is. However, the problem is we can’t tell exactly as to when will bitcoin price reach that point. We have been witnessing bitcoin price continue surging every year until it reaches its new all time high. But due to its high volatility, its price suddenly falls backs when fluctuations or price correction appears, and there’s nothing we can do to control that. So if ever bitcoin price will hit $1m 5 or 10 years from now, then it would mean exceptional profits for all of us. This is the reason why I always believe hodling is the key, but of course selling at some point should not be overlook as we are here to gain that profits, not to keep those profits forever.

It is certain that the price of bitcoin will increase, the more one invests, the more bitcoins one can get out of the fit. If you look at the previous halving year 2020, Bitcoin price peaked at $69k in 2021. So currently bitcoin price is 73k dollar, I think 2024 halving bitcoin price will touch 100k dollar. So for now we have to wait till 2032 for it to reach 1 million dollars. That would be possible because the price of Bitcoin is the highest in every Bitcoin cycle.

Yes. This is a free market and we always get to see those with names in their own thoughts that have been predicting thinking that they're significant and many are going to believe them.

If they've got believers, they're just free to believe those crypto evangelists and predictors that are giving them numbers but it doesn't mean that they're happening anytime soon.

I've witnessed too many speculations that never happened but I'm still giving them time if someday those prices that are tremendously high will happen. As they say, it's just a matter of time.

Bitcoin may reach million dollars but I can't predict how many years in the future it may reach. Although it is an uncertain possibility, Bitcoin will reach millions of dollars in the future in the 21st century.
However, Bitcoin is very close to $100k and bounces back to $64,000. I think it could go over $100k anytime after the April halving but million dollars of bitcoin lost is a matter of time and I can't guarantee that I'll see it in my lifetime.

$100K is most people's target as this is still quite realistic whereas $1M is still a long way off and won't be around in a year's time, but here's the same when I'm alive I'd like to see prices at $1M.
Cathie Wood said next year then it's an exaggeration I wouldn't consider happening but everyone is free to say what they want, but we have to be logical to think like this and look at how historical cycles have happened.
What you said is still quite normal and $200K as the highest on ATH right now is still possible even though it's a bit of a distance but we don't know where btc will go.

$100k is just a few steps away and $1M, we don't know if it will be there by next years but I am hoping that I'd see it while I am still alive.

Cathie Wood predicts it will happen by next year. Seem implausible but with all the volatility that Bitcoin possesses, we don't know if 1 year is enough.

But IMHO, it's not enough to expect that it will be like that next year. $100k and up is possible but there's a limit for that up and could be $150k-$200k.

No one had anticipated that we would really be going this far on which if we do tend to look at into those early days of Bitcoin on which its value which is close to zero but eventually it did able to fly out its value
into something that we didnt anticipate that it would really be on this way. How much more into those people who are early adopters of Bitcoin on which they didnt really be able to believe that it did make this far.
For us into those who had later be able to know about Bitcoin and now we are talking about $1M per coin then it might looks unrealistic but just like been said that everything could really be that possible
and it would really be that depending on the market demand and recognition on which these are the main factors that could driven out Bitcoins price into these certain levels.

If the price of BTC people thought that it will not rise above $1 from the beginning and the price has hit $73k, show that many more years to come the price will continue to rise higher to make people to sell in the bull season and buy in the bear season.


Yes, one day the price of BTC will hit $1m  because this current price has make people to believed that BTC will go a long way to make people to value BTC and invest in BTC so that they will continue making profits whenever they sell during the bull run.

Yes, you are right, a comparison between Altcoins, even Ethereum and Bitcoin is very difficult and Bitcoin does not need Ethereum to succeed.
Bitcoin can reach 1M USD and Bitcoin will be a promising coin, no matter how many Altcoins are its competition.

Bitcoin price will touch $1 million but after many days. If we wait until 2032, it is possible that the price of Bitcoin will reach 1 million dollars. Because currently the price of Bitcoin reached an all-time high in March ahead of the 2024 halving. The current Bitcoin price has touched up to $73220, it has returned to this level after a long time, and it is very likely that Bitcoin price will reach $150k due to many good news in this 2024 halving. So I guess if it is till 2032 it will be possible for Bitcoin price to reach 1 million dollars.

It will eventually but not at the current halving, it's been my belief for a long time that if bitcoin hasn't reached a 100k USD in price, it's not yet the time to hope that it will be able to reach 1m USD. It will but it's useless to dream about something that's going to be impossible for the time being to happen, just take it step by step and you're going to be fine. Maybe when we see bitcoin get more adoption as time goes by and the demand will increase more than we expect then it's going to be not so bad to dream that bitcoin's going to reach 1 million in the near future.

Although the market price of Bitcoin goes up after every halving and everyone can assume the price of BTC will go to 100k or even hit 1M. It's better if we see the adoption first, hopefully it will be full quickly and the BTC supply will all be sold out in the new market.

Yes, It's easy.  We'll see whether the market will bring the BTC price up or will flip down again.

it is very unlikely that the price of bitcoin will rise to 1 million dollars. because if the price of bitcoin reaches 1 million dollars people will not use bitcoin anymore because of its sending fee which is certainly very expensive at this time it is also already expensive when compared to sending fees for other online payments such as paypal.

Though what you said about Bitcoin is right, let's not compare Bitcoin with altcoins even ETH which is the second largest cryptocurrency in the market by popularity and trust.
What I believe in is that we shouldn't have unrealistic expectations about Bitcoin or any other cryptocurrency, and even if we know Bitcoin has got the potential to reach a very high price in the future, we can't be sure about it because Bitcoin is a volatile asset and it is a part of a market that is extremely unpredictable, so even if it manages to reach $500k in the next few years, we can't be sure whether it will make it farther or will drop significantly from there.

We have a new all time high right now and for Bitcoin, I would not rule out a massive number of 1 Million but it will take much time for Bitcoin to possibly reach such high number.
People start to see Bitcoin like a digital gold and it is very good for Bitcoin, also to offer more functions like gold does because Bitcoin is digital gold.
Ethereum might also bring many benefits, where crypto as a whole is getting more attractive to investors.

From my perspective, the answer to that question leans towards a positive outcome. However, the real uncertainty lies in the timing - "When?" remains the pressing question. Despite this ambiguity, one thing is clear: it's not a matter of "if", but "when". Our financial system's ability to accumulate infinite debt suggests that money can essentially become limitless. Recognizing this notion sheds light on why the price of Bitcoin may have no upper bounds.

One guy who was once the founder of Mcafee predicted and believed that Bitcoin would hit $1 million he even made a challenge to eat a part of his body I will not mention it here, I don't want to be pessimistic that Bitcoin will hit $1 million because I have seen how in the past people doubt that it will hit $500 but it did.

Many people did not believe that it would hit the thousand mark but it did many people did not believe it would recover after it crashed to $5k during the pandemic but it did recover, I don't want to be part of these unbelievers, I believe it will hit $1million and it could be this decade, who knows?

It seems crazy to me that Bitcoin will ever reach $1 million. It may be our wishful thinking that the price of Bitcoin will rise to a million dollars. Seeing how the price of Bitcoin is increasing day by day many people might imagine that the price of Bitcoin might reach $100k. Bitcoin price hit another new all-time high today. According to today's market the current price of bitcoin is above $71k dollars maybe it is going to cross 80 thousand dollars very soon we can see it before bitcoin halving. From this situation I think it will take until 2080 for the price of Bitcoin to reach $1M dollars and it may not be possible.

It is a very good plan to save for the future. Maybe it's for your child or your own future. In this case, keeping your money invested in Bitcoin for a long 15 to 20 years is a bit too patient in my opinion. And keeping your bitcoin safe for years can be risky. My personal opinion is that you invest in bitcoins and when you get a chance that you can profit from your investment, you keep the profit you make and keep your principal and put the profit elsewhere. In this way you can save your money in Bitcoins as well as earn profit from it at a certain point in time And if you want to hold it for a long time, you will find it difficult to hold it when its value increases several times.

Govt involvement is probably a good number of years away. Definitely not the next phase. Maybe it could happen next decade.


Current phase, which will play out over the next few years, is Wall St getting involved, through these ETFs. Still only just starting this phase.

Next phase is going to be corporations putting Bitcoin on their balance sheets. That started in 2020, but for the most died out fairly quickly except for MicroStrategy. I would expect at some point this bull run we'll hear about another round of companies starting to do this. Though it will probably take a few years before this starts to become a trend. Maybe by end of decade its normal for big companies to be adding Bitcoin to their balance sheets and holding it long term. So that's probably next phase that gets going after the current Wall St phase.

By the time all that has taken place Bitcoin will be starting to become normalized I would suspect. The hatred and fear of Bitcoin won't be so rampant anymore as it always has been. In the 2030s we might start to see govts getting some Bitcoin for their national reserves, probably smaller govts first. I wouldn't expect the governments of the largest economies to do it until the 2040s. Also during this phase, 2030s-2040s, we should expect to see merchants start accepting Bitcoin and Bitcoin payments gradually start to become a thing. Around 2040 I expect Bitcoin will hit the coveted $1 million price.