Bitcoin Forum

I read this many many times,
Is there any solid fundamentals in the conception that 1BTC could be worth USD 1 MILLION or even more?
Or it is just wishful thinking?

Thank you!

There is no solid fundamental to confirm that, for now. If there was a solid fundamental, it would be 1 million now.
But there is a potential to reach that value, imo.

1 - USD value may decrease over years (decades).

2 - Bitcoin market cap is still only 2% of gold (https://cointelegraph.com/news/bitcoin-has-actually-only-taken-2-of-gold-market-cap-new-data-suggests) market cap. If bitcoin really becomes the "digital gold" , there is a chance:

So, following this line of thinking, as 10% of Gold marketcap is 154k, a 64% gold market cap would be 1 million USD.
Personally, I don't think bitcoin has the potential to reach 100% gold marketcap, but I think a 20% is a very likely scenario (10x from now). Gold is the oldest asset in the world, it has value since the beginning of the times. Bitcoin is amazing, but it is not gold.

But, there is a chance to reach 64% (1million).

100,000 USD for 1 bitcoin is a speculative fundamental and also for 1 million USD for 1 bitcoin. There are all speculative and no proof until we get to each point depending on when. So do as you have seen and to what you think best.

This thread will fit on speculation board.

Thank you guys.
I would also agree that 20% of the entire gold market-cap is doable if the general public and institutional adoption continues the current pace.

I'd be asking myself first what the fundamentals are behind today's price, and the price in 2017, and at the ATH previous to that. Then I'd be making a comparison and seeing if the strengthening of these aspects are valid -- personal or otherwise. And if so, then would an extrapolation of those fundamentals be possible to $1 million?

Something tells me: yes.

If everyone holds on to their coins scarcity takes over and the price can go sky high... say millions

This is the same reason that old Ferraris can cost millions even though they were less expensive back in the day.

So scarcity is a fundamental you can rely on.
Also Bitcoin is deflationary by design...

Market cap is a useless metric because you won’t ever be able to sell all BTC for the current price...

There is no definite fundamentals or basis but many hope that soon it will when mass adoption as well big companies invested on it. Many believe that it will be a future currency due to its features and convenient transactions that many users need. As the population increases as well the adoption of cryptocurrencies surely somehow in the future that price will be attainable as long as no restrictions will be done by each governments.

If there is a solid fundamental predicting the price of bitcoin worth 1 million USD, people would have been insane in buying more and more bitcoin which definitely increases the price of bitcoin tout de suite.

Right now, people just believe in bitcoin. That is enough. And with the decrease in value of USD cause by inflation, bitcoin has a good chance to overtake its new peaks over and over again.

Who know. Maybe one day, bitcoin just disappear forever without leaving anything behind

Another reason that has not been mentioned just yet is the rate at which the US government is printing money, due to the covid19 pandemic taxes have gone down and expenses have gone up and the US government instead of raising an emergency tax like it was done in times of war decided to just print the money.

This is easier to accept for the population but the effects are more insidious over the long term, this means that inflation will kick with a vengeance during the next years which means an increase in the price of bitcoin beyond its current levels.

the biggest fundamental behind $1 million is that it is a round number otherwise not so long ago people were discussing $1k to be THE price that bitcoin is going to reach and everyone was stuck at speculation and discussing how much of gold's market cap that would be!

the reality is that if we extrapolate the data from charts in the past decade we can see that $1 million will be another middle of the way target that bitcoin will hit and get past eventually.

Wishful thinking or simply presumptions just because people do go look overhead or board too much when it comes to its price specially if the price is currently running on price increase in a short time?
People or the community would just be saying that $1M is possible without even trying to look back on how long many years we need before reaching this certain state.
60k almost as of this moment and now talking about $1m/coin?

No matter how positive i am towards bitcoin but still i dont see the probabilities or chances for this thing to happen.So always take it a grin of salt when you do always
keeping up on reading these kind of calls.

This OP. Bitcoin has a limit on its supply which makes it scarce and with all of the number of bitcoins circulating in the economy right now. It is speculated that around a million of it can no longer be recovered or they're totally lost forever.

And this will cause inflation and it has been said by bitmover.

They think it will replace gold and it’s market cap will grow above it. That’s the idea behind >$500,000 Bitcoin predictions. Personally, I think we’ll bubble up around $200K and then people will realize that Bitcoin isn’t a p2p currency anymore and in it’s store of value state is basically useless. Then it’ll be up to Wall Street to push the narrative that a digital store of value is useful to increase their fund management fees.

Personally I liked Bitcoin better when it was about changing the world and helping the unbanked grow their businesses by opening their customer base globally. The fact leadership has turned Bitcoin into a money printer for Wall Street should be enough to bring any true Bitcoiner to tears.

BTC has far better hard money fundamentals than Gold and would have a price of around half a million if it reaches the market cap of gold.

That's like a minimum price. That's the extreme low end. Ignore that it's better sound/hard money than Gold, ignore that it is so much more than that as well. Just focus on the fact that it is digital gold and so store of value people will eventually move over from a shiny rock to a digital store of value as the world goes increasingly digital, and you already get to half a million.

Now add in the money printing / debasement of the dollar / inflation that is happening and will continue to happen. Add in that stocks all seem massively overbought so more and more people will see Bitcoin as a far better investment. Add in that bonds don't even keep up with inflation anymore so have negative real interest so smart people who have bonds will flee and go to better things - the best of which is Bitcoin. Add in that Bitcoin is the core of what is a booming industry that will continue to massively grow and Bitcoin will likely be connected to the smart contract world through applications built on top of it and/or through interoperable blockchains like Polkadot. Add in that, as we are now seeing, with the debasement of the dollar, companies are going to need to find a new vehicle to store their balance sheets and the best of those is Bitcoin. Add in the fact that the technology of Bitcoin is a monetary revolution that will likely onboard BILLIONS of people.

If the market cap of gold (half million dollar bitcoin) is just a base price that you get to when you ignore most of Bitcoin's utility, then $1 million bitcoin is only a starting price if you fairly value it.
Even removing inflation and just sticking with today's dollars, it's much more likely that in say 20 years one bitcoin will be worth over $2 million and heading higher than it will be worth under $1 million.

Do you know the price of Bitcoin when it first launch?? Almost nothing. Why? because the demand is nothing too. Try to compare now, The maximum supply of Bitcoin is just 21M, and the demand is always increased by the day. Compare the supply of Bitcoin and the total population in this world. Bitcoin is not all about demand and supply but also the scarcity

Fundamentals are that value of USD is reducing daily. over last 50 years and will only increase in the future. Last year M", so money supply of USD increased 26%. That has to reflect to the value of dollar.

https://twitter.com/Zach_of_Earth/status/1372704856633409544

Here you have listed how much money supply increased in last 60 years. Back then it was $314 billion, now is $20 trillion. There are 60 times more USD in existence as they were 60 years ago.

The fundamental concept behind the reason why Bitcoin will worth $1million per coin in the future is that
1) it an innovative technology trusted by a lot of people to give total liberation
2) It decentralization
3) It has a limited supply of 21 million coins which will cause the scarce of the coin once the total supply is mine.

The way Bitcoin is built is fundamental I believe that it will continue to rise, it is something like "Bitcoin is created to up only".
Bitcoin block halving and the rewards to miners are being reduced as time goes by is extremely unique that really solves the fiat currency problem; inflation.
But for now, the 1million USD is still far and seems impossible to happen in short term.

If banks and governments were responsible with the way they managed money then there could be a reason to think the success of bitcoin would have never gotten to this degree, but people in general are seeing that governments keep mismanaging the economy and their currencies with the intention of giving themselves an unfair advantage over any other competitor in the market.

And once people understand this there is no other option but to try to look for something else that they cannot control in the same way and bitcoin and gold are perfect candidates for this function and this causes bitcoin to always go up during the long term.

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.

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.

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..

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.