Bitcoin Forum

If u can fully recall, El Salvador adopted BTC a legal tender alongside the US dollar in September last year.. Now the Salvadoran president, Nayib Bukele has predicted that bitcoin will become a legal tender in two more countries this year. Devere Group's CEO expects 3countries to do so too while Bitmax's CEO expects 5countries to do so.
With this trends it won't be surprising to see other sovereign nation states acquire bitcoin in 2022. Infact it will be a dream come true since Ark research indicated that the fundamentals of bitcoin network have always remind healthy.
 

Of course we will be happy if that case happen especially if you hold a whole or more than that since for sure you will be fucking rich guy if that scenario came. But mostly its hard to expect any huge prediction since we still don't know on what will happen in future. But I believe for that timeline they give for sure we will see more series of great adoption so possibly we can see some great figures to achieve by bitcoin in future.

If the price of btc exceeds $1million by 2030 maybe I will feel regretful and likewise many people. This time I use to blame people that met bitcoin 5 years ago why didn't they hodl. But it is not easy to hodl unless you are wealthy. There must be needs to spend the bitcoin at some points.

About countries adopting bitcoin, many countries may not make bitcoin a legal tender, but many countries will make the use of bitcoin lawful in their countries.

What do you really want to discuss here? It is about the price issue or Bitcoin adoption as a legal tender?  ???

If you want to discuss Bitcoin as a legal tender, you need to revise your title since it has nothing to do with the content on your thread. But if you want to discuss the possibility of BTC price in 2030, please adjust your content with the title. I don't see any sentence that tells us about the price possibility there. And please move your thread to the speculation section https://bitcointalk.org/index.php?board=57.0.

Anyway, I don't think Bitcoin adoption as a legal tender is a guarantee for Bitcoin price to increase massively in the future, even in 2030. So, we don't know whether the price to exceed $1 million, $2 million, or whatever the price.

The whole crypto community expect other countries to recognize bitcoin during the next years. But no one can tell how many of them or when exactly.
When bitcoin reach the $1million, this means that it can replace all the dollars circulating in the world. I don't expect it to happen sooner though .

The thread title is an interesting question?

I think we get accustomed to a market price very quickly, I mean $36,000 for one
Bitcoin is a fantastic price, just as $3,600 was back in 2017 and $360,000 will
be in the future. How will I feel when it hits $1,000,000? hard to know because
it will be a steady rise up to it and we will have gotten used to those high prices.
It will be an unbelievable milestone I cannot imagine it ATM.

Is the OP making a connection between Bitcoin being adopted in up to 5
countries and the increase in market value?

Bitcoin price was keep on low for now.The dump market is not a permanent one, we have to wait for the next pump.Holding is the key for the trading, most successful traders use it for the long term to get huge profit.The people who not hold before 5 years was struggling now with the money.The people who had invested and hold for 5 years was the greatest achievers now.Just holding will give you huge profit from the bitcoin.

Not to destroy your positivity but everything is still assumption and it wouldnt be happening until its been proved out but nothing is assured about $1M per coin by 2030 which is really a far off stretched.

Im not that negative but we shouldnt really mind off about those numbers and making yourself way too excited for things to happen.We are really coming into a point on where adoption and recognition rises

but we cant really be sure on where the prices could possibly land off and expect that this would be always a bumpy ride.

The bitcoin acceptance may flourish especially those countries that are still banning the use of crypto.
But I don't think it will reach $1M by 2030, though it will be 8 years from now.
But anything can happen in those 8 years, right now, just decide on what to do to increase your portfolio.
Let us be grateful that the exposure of crypto market is expanding and a lot of merchants are now starting to accept crypto in their payment method.

In fact it was Cathie Wood from Ark investment that has predicted that it's likely that bitcoin will become $1M by 2030. Hopefully by that year, most of us still even hold 1 bitcoin. Because it is for sure that many will be tempted to sell when it hits $100k-$500k and even the other ranges close to $1m.
It is 8 years from now and if someone really is an holder, he can wait until that happens and what's more if you're wealthy already and waiting until that time comes isn't a problem?

I'm not sure what responses you were expecting, however I can't imagine anyone on this forum will have a negative view about literally becoming either millionaires in eight years time or at least being able to afford a house without a mortgage in eight years.

Whether or not I think that's a realistic goal is another matter. However, something that I think will definitely apply to the vast majority of those that are currently invested is they'll likely sell before it reaches that amount, and therefore aren't very likely to benefit from it completely. Usually, its those that vow to keep their investment into Bitcoin for x amount of years or the hardcore holders that sit on it for a very long time that sell. Most investors aren't looking for the very long term, and will sell at lower amounts prior to it hitting one million.

looking at the price 8 years ago (~$400) to now (~$40,000) thats a 100x
bitcoin only needs to 25x to get to $1m a coin. so its not an out of reach goal.
especially when it doesnt need to leap that much each year

it only really requires each years price to increase by 1.5x
2022   $40,000.00
2023   $60,000.00
2024   $90,000.00
2025   $135,000.00
2026   $202,500.00
2027   $303,750.00
2028   $455,625.00
2029   $683,437.50
2030   $1,025,156.25

Since you are believing that EL Salvador president , then why not ask Him of who are those 2 countries that will accept bitcoin as legal tender?
but I'm afraid that this is just part of his shilling because he knew that if bitcoin made that high  increase it is His country that will first benefits.
try not to engage in more positive thoughts because you might drop big when the market fall.

More reasonable prediction than expecting 100k to be the price last 2021 and now 2022, i believe also that we will reach that value either 2024-2025 after the Bitcoin mining halving happened again.
will felt regretful? that is 10 years from now why would feel regret when you can change that before the year comes?

Best to instead of blaming yourself? purchase bitcoin now and keep it onhold for long time

Yes, they make a lot of money now, but they were still profitable when you invested 3 years ago because the price has doubled since then, so if we are looking for the price you also make money, but to those investors or holders who only invested a few years ago and they bought at ATH that are really not making money, but I do suggest that you are already in that situation, so it is better to keep holding, don't watch the price, just keep scrolling through social media until you saw ATH.

2030, I expect a BTC price > 10,000,000 USD and < 100,000,000 USD, so I would be disappointed  :)

Let's just think it may happen by that year and the bitcoins we used to have are finally recognized as one of the official currencies around the world where they finally accept it without a doubt. I will become happy if ever that will gonna happened because I'm just gonna think that I am part of its history where I am one of the people who believe in it at its early stage and discussed it with the other users in this community.

The real euphoria I think, though we may say it's unrealistic price for now but we've have had the same speculation that Bitcoin will never come back again to $20k level. Just a prediction as always but that's what we hold onto, these predictions and speculations keeps us going.  I think the sentiment will be this until it's fully here with us, HODL as we go.

I am sure many of us will be happy if the bitcoin price can be $1million in 2030 and we can be part of those who have bitcoin.
But that will be 8 years later to see how high the bitcoin price will be but I hope that this year, the price can surpass $40k-$50k or even back to $60k.
So while we still have time to accumulate bitcoin, we should continue to have bitcoin and have a good time buying bitcoin at the current price.
But we should remember that it is not easy to hold bitcoin for 8 years because there will be many fluctuations, so prepare yourself and hold on tight to your bitcoin.

It will be a great thing to see but bitcoin will not get to the price if many more countries are not using it as currency . For the hodling numbers of people, it won't have any effect because those numbers of holders now may just be the number that will have it or few more will add into the number. Those that will have it today will not have that time like it happen in the past.

I will probably feel good but not as good as if I hit a jackpot lottery or something and make $1M.

Winning the lottery would provide a buzz but my Bitcoin accumulation process is slow and boring.

Plus, you also have to think that by 2030, with real inflation (conservatively estimated) at 5-10% per year, $1M is going to buy you a lot less stuff than it does today.

Even being a millionaire today doesn't mean being as rich as it has been until very recently, you are just well off.

the potential of bitcoin is huge, how can other countries not follow in el salvador's footsteps...

it will be another best news of the year if more countries recognize bitcoin as legal tender and it will surely push another new ATH in this 2022. Bitcoin is unstoppable and I feel sorry for those who don't believe in Bitcoin lol

Looking at the rise and fall in price of bitcoin it'll be an achievable goal but, what will the falling rate of bitcoin price look like when it hits such a milestone. People would prefer selling to get hold of their profits which will affect bitcoin's price. Take a grasp of my idea from this angle. Some of the citizens in the sovereign nations you stated have not been lectured about bitcoin exclusively and their government's wish for bitcoin is to make their citizens rich thereby developing the country rapidly. If the price of bitcoin gets to that height it will definitely fall drastically regardless of the year it happened. Because 1 million dollar is a kind of fund that will make most people deaf about any form of preaching about bitcoin hodl.

I'm not too sure if this year there will be two more countries besides El Salvador that will make bitcoin a legal tender in that country because seeing the current decline then of course this will hinder or delay the adoption of bitcoin in that country because it will pose a big risk if they do this in the current situation of the bitcoin price movement which is experiencing a decline.

I am sure I will be happy if the price can be $1milion in 2030 but hopefully, that will come in less than 8 years so we can make a lot of money in a short time. I will feel grateful if bitcoin can back to $69k this year because that can give more chances for bitcoin to rise and make another ATH. But we know that will need time before bitcoin breaks every high price and create the next ATH. Although the adoption process is still running, that does not mean the price can directly jump to the high price in a short time.

Idk, should I feel good about it being $1m? I mean I am investing in it, but I'd probably be putting my emotions on me profiting off of my investment rather than Bitcoin increasing in price itself (though I guess that counts the same?). Honestly considering the time it would also take, It'd probably just kill off the excitement, not to mention that it won't be that big of an increment anymore since if we do get to $1m, it'd be natural that we'd be seeing increases in price prior to that year.

Are odds the equal?  :) probably not, but if so the results will be almost the same and sometimes when I sell cryptos, I think that I don't use the opportunity from the future, its like losing the lottery  ;D. I don't know maybe I'm wrong but these feelings...

El Salvador took the lead and ever since their adoption of Bitcoin we have had lots many nations doing same currently the IMF sent a sanction to El Salvador threatening them on deprivations of getting loans if the fail remove Bitcoin as a legal tender. And now we are having many other nations buying into this adoption I think it's a big start for the Bitcoin ecosystem at all

How would I feel? lol of course I would be thrilled but I’m not sure we will ever get to the one million mark. Hell we’ve gotta hit the 100k mark first. But I do agree that the fundamentals have remained very strong for bitcoin and it still has a whole ton of upside / room to run. Hopefully other countries will adopt it as legal tender.

To see such development and market adoption encourages other countries to step in but honestly, this is not enough to move the price to $1mil. I can't be imagining such a price to reach 8 years from now. Even to say that it can be possible in crypto but seeing it was too far from reality, maybe $200k is very close to it. And besides, I was still happy with the current price, it was still high and I ain't expecting this to come during my participation in the market.

of course it is an advantage for all of us who currently know and hold Bitcoin, surely we will all be happy if that happens.
I'm not saying that it's impossible because the process is still very long and we also don't know what will happen in the future, although it's tough but of course we hope that there are regulations that can be made so that all countries are willing to adopt Bitcoin as a means of payment like what has happened today in the country of El Salvador.

As more and more countries will accept bitcoin and make it a legal tender, the prices of bitcoin will rise exponentially.

I am not sure if prices can reach $1 million per bitcoin by 2030 but if it does, it will change everyone's life who have bought bitcoin before that rise. If you know this prediction beforehand, you will never spend your bitcoins and hold them forever.

I think the IMF is only scaring El Salvador for them to quit on supporting bitcoin but I have a trust on El Salvador and El Salvador also has a trust on bitcoin so I believe that they wont follow what the IMF are saying but they will follow what their heart says towards btc. They already built a good image and they are like the leader of the countries that accepts btc. Other nations have not started yet on making btc as legal tender but they are currently planning it.

By the time we reached the year 2030, all 5 suspected countries are done with their plan and maybe there are other countries that does the same because $1m is a lot of money. We are all going to be happy obviously if all that happen.

I don't think all he adoption of Bitcoin can cause the price of Bitcoin to be at $1,000,000 by 2030, I think countries Making Bitcoin a legal tender only does a formality role, because it's would only still be used by those who had already believed in Bitcoin, although it can prove to some percentage of people that Bitcoin isn't a scam, but regardless they are alot of things that can cause such price change in less than 9years to come.

Even a Bitcoin holder with a price of $10 at the time of buying now, then he too is the happiest part. Moreover, at this time we are waiting for a fairly large price for quite a long time. I believe no one would be unhappy if Bitcoin touched $1 million. Of course, it will change the economic life of many people.

I am not really particular whether Bitcoin is adopted as a legal tender but rather, it should be accepted legally and be allowed to be spent and accepted by merchants/retailers that want to. Reaching the $1m price point will definitely be an exciting feeling for everyone in the crypto space but for now, I just want to be able to accumulate some more sats.

El salvador became a country that actually adopted bitcoin and made bitcoin a legal tender. this attracted the interest of many other countries to follow in El Salvador's footsteps. it also increases the interest and new investors of bitcoin.
Prices continue to grow and of course price fluctuations occur, if in 2030 the price of bitcoin is able to penetrate $ 1 million, that is very extraordinary and of course there will be many pros and cons. Currently BTC still has to reach its new ATH around $100k. Bitcoin has a long way to go.

Depends on what to be title of this thread, i think when bitcoin reach $1m i no longer have much money because will be very hard even to earn satoshis. Not like in past when satoshis can be earned by faucet and maybe, fees in exchanges can be problem, or maybe minimum buy order in exchanges can get affected too.

I think that by doing the same thing you mean the initiative of "El Salvador," but until now there is no one doing the same thing, not exactly the same thing, there is not even a country introducing a law to make bitcoin legal currency, I repeat lawful currency.

Now that there are several countries "shouting" wanting to do the same, yes, and that is confused with the countries that want to make bitcoin legal as a payment asset, there are very different scenarios, really different that lead to adoption, but not even close to having another country like El Salvador.

Indeed. The feeling of happiness will be there when we see the price can go back to the last ATH because we already have that feeling before. It will become bigger if the price can achieve $1 million sooner or later and no matter how many bitcoin we have, we can sell for a small amount to make a profit. As long as we can accumulate bitcoin at any lower price, we will make a huge profit but we should also manage our emotions because before bitcoin prices reach $1 million, we will see many up and down at the market. Maybe we can prepare ourselves for the coming.

For sure becomes happy and gives a different hit of enjoyment and satisfaction imagine you bought a bitcoin and then there's a lot of damage given to you such as emotional, physical and mental damage on holding your bitcoin. For sure on that year many people become an instant millionaire and its also one of the regrets of other people because they have the opportunity to buy but they just neglect this situation and now it's all about a million.

I would still feel that I should have bought it in its very early stages. So, rather than feeling low for my mistake, I try to buy the new cryptos as soon as I am able to fundamentally review it.

Why do people still dream of million dollar prices? Can you imagine how much money it would take to enter this market for the price to reach one million dollars? I think that talking about the price of one million dollars is the same as talking about impossible things, even though I love bitcoin and I want to see the price of bitcoin reach very high prices in the future, I don't believe the price will ever reach 1 million of dollars

Are you really kidding me or what? So if the price of Bitcoin should happen to reach up to $1 million dollars by that time and I am assuming that you have already invested in by now, you would still be wishing that you invested at the earlier ? You must really be kidding me. What other profit are you looking for?

If you have Bitcoin now at the current that the market is at, and all of a sudden it has gotten to one million dollars per bitcoin n, seriously you should be one of the happiest men alive, because that is going to be a really huge profit for you looking at the current state of the market.

1 million dollars per bitcoin price is a very big amount and bitcoin won't reach this price overnight, not even in 10 years. With the world affected by many variants of covid19 and lot of deaths around us, we never know if we would be alive by the time bitcoin reaches this one million dollar milestone. Right now we can only dream of these prices.

Yes, we all heard about the news of El Salvador declaring Bitcoin a legal tender, it was a good news and we were all happy about it. But, don’t forget that that’s not going to be the same case with other countries, maybe they might not like to make Bitcoin their legal tender, and maybe there might also be some others who would be ready to make Bitcoin a legal tender as we have also seen a few others that seems like they have this same intention of making Bitcoin a legal tender.

And if the price of Bitcoin should $1 million soon? I would be happy about that for sure, I don’t think there is anyone who wouldn’t be happy about it, except those that missed the opportunity or are ignoring their chance of buying at lower price now.

I frankly don't think that a price of a million dollar for BTC is possible or feasible.

A lot of BTC is still very concentrated in the hands of a few. Not to mention Ethereum and the other thousands of coins held by different VCs as well as closed groups. Far from being a victory for the working classes and those at the bottom, it will be the greatest concentration of wealth and power to the elite few , only this time the elite will be different.

Anybody who has been watching this space as a whole and is not just limited to the forum, would recognize the number of sheer bad actors including scammers, influencers, youtube peddlers that have gotten rich off of crypto and are amongst biggest BTC/ crypto holders. I don't believe that those are the kind of people I want to see become powerful and important on the back of a million dollar Bitcoin.

For me a price of BTC that reaches that amount is totally acceptable and possible, currently nothing is impossible and more in crypto, crypto and BTC anything can happen, if in 2030 it reaches a value of $1M I would be totally happy, because those who If we have at least 0.01BTC we would be almost millionaires, so it is not unreasonable, of course we do not know that it can be unlinked in the near future, if more radical diseases, or possible wars, these things can accelerate or decrease the price depending on how they develop, but These types of fundamentals must be taken into account.

That is still a possibility in 2030, but we don't know what will happen in the following years or years after that. However, given the fact that the price of bitcoin is extremely volatile, it is possible that it will reach that level, which will please a large number of investors and holders. While this may be difficult if we are talking about a few years or more, it is still difficult because there are many things to do because the fiat should render it useless through higher inflations. However, I would be extremely pleased if this were to become legal tender in the near future.

We just have to know that these people are guessing what they think is right or would happen, but that doesn’t mean it’s going to happen. How exactly did they get to know that three to five countries would be making Bitcoin a legal tender? Have there been any other country that stated that they would be making Bitcoin a legal tender so far this year? It’s not like I’m doubting what they have said, yes it is quite possible but we haven’t really seen any other that has mentioned that so far.

And As for Bitcoin reaching $1,000,000 in the future, if that should happen it is normal that anyone who is holding it would be happy. I would be happy about that because I know for sure that I would be holding my coins for long.

Yes, if the price reaches $1m then surely it'll be a win situation for most of the people who have been saving bitcoin as rain droplets. Same time it is to be noted, when such a huge increase takes place automatically it will encounter different problems. As a result of fiat currency inflation people will tend to move funds into bitcoin. The same could help with money laundering and black money holding with ease. So, the rise also has got advantages and disadvantages. Lets see what way the market is gonna turn in the upcoming years.

We have been hearing about Bitcoin helping money laundering for years and everyone keeps repeating it like a parrot would.  Except words coming from the mouths of financial institutions that are clearly against the free evolution of Cryptocurrencies, where do you keep getting this fear of ascending levels of money laundering from?  Wake up.  You have been brainwashed to automatically link bad stuff to the instrument that gives you financial freedom.

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Regards,
PrivacyG

Sure there is every possibility that Bitcoin will reach $1,000,000 in the future, but I am doubting it’s going to be in 2030.  2030 seems like it would be too soon for Bitcoin to reach such an amount, so I don’t really think that this is something that is going to be happening in that year. We have not even crossed $100,000 yet, not talk about the $1,000,000 happening in just about eight years or so.

With that said, this is a market that is always full of surprises, so anything can still happen , I know that for sure. It’s important that we continue to hold our assets tightly and making sure that we don’t sell at the wrong time, because there is no doubt that we are going to be benefiting from uptrend in the future if we should continue to hold.

Though question is that, who knows what is going to happen in 8 years. Bitcoin price reaching 1m USD would be another milestone in the world of crypto currencies and probably the best case scenario we can hope for. I am not so optimistic. Don't get me wrong, I also believe that bitcoins are going to rise in the next years, just not as high. The most important thing of course would be not sell your bitcoins in the next 8 years. Nothing would be more devastating than seeing Bitcoins reaching 1m and having sold all the coins before that. I would expect with a prices so high, that many of the original HODL investors would start selling their coins and buy new houses and apartments. Would be interesting to see if bitcoins could remain above 1m for a long period of time.

That must be the people that collect btc in the faucets because faucets gives tiny amount. They do that because maybe they do not have a money or they are a beginner on bitcoin. If ever btc reaches to 1 million dollars, faucet collectors are going to be happy but the people that have bought using their money can of course earn bigger than them.

A quick rise in the price can be a rare thing to happen but if it happens we are surely going to like it because it can save us so much time of waiting and we do not care if there are consequences that will come during it. It is not our problem anymore. If there's one thing that we should think of, that is if how can we spend the profits that we got.