Bitcoin Forum

Just for fun, since this is the Speculation forum, when do you think Bitcoin will hit $1 million USD for the first time?


Presumably this will happen during a bull run and then it'll fall back below $1 million for a couple years, but what year do you think will be the first time we see $1 million bitcoin?

Personally I think it'll be during the 2036/2037 bull run, assuming the four year market cycles are still going on at that point. Though the 4 year cycle may have largely faded away by then, but somewhere around those years feels about right.

This is a difficult question as such a price not only depends on bitcoin and its adoption, it also depends on whether or not we have a huge crisis on the fiat system during those years.

But assuming this is not the case then I speculate this could happen during the bull run caused by the 2032 halving, I am expecting the next bull run could bring the price to a range between 120k and 150k, then the 2028 halving and its bull run run could bring the price to a range of 400k and 500k, and this could give the 2032 halving the opportunity to reach one million dollars per coin.

Bitcoin has not gotten to $100000 and we are talking about when its price will get to $1 million which will require more pumping of money to buy bitcoin. It is better we discuss more on when bitcoin will reach $100000 first, then after that, we can discuss when it will reach $1 million when $100000 has been reached.

I'm pretty close to you on bull run predictions. I think it'll be a bit higher in 2025 but a bit lower the following two bull runs, compared to your thoughts. I'm thinking like $150k-$200k in 2025, $300k-$400k 2029, $600k-800k 2032/33, and then finally easily surpassing a million in 2036/37, if the four year cycle even holds at that point though. I could see it fading by then since the difference in bitcoin issuance between halvings will be getting so small by then.

Of course if something major happens, like a major country buying up Bitcoin or encouraging Bitcoin usage that could really change up the price trajectory. Anyway, it'll be interesting as always!

I vote the earliest time cause everyone wants to have a million dollars anytime soon. But the odds of that will probably still falls to a very long time period. But imagine how it will happened if the money needed for that is like 10x or more of its current market cap. I doubt that people across the globe are ready for that to pour in a lot of money into a volatile asset like bitcoin.

Creating such topics will not provide anything. Indeed, it is most likely that we will witness these prices after more than 10 years, but with the events and variables that occur globally, it is difficult to predict what will happen within 10 years (who would have predicted in 2013 that a war would occur in Ukraine and a global pandemic and that oil would be zero in futures contracts is less than zero)

Therefore, the hypothesis that we will get a price 10 years ago is excluded, and the hypothesis of predicting what will happen after 10 years is excluded.

There is an additional problem is that inflation will make the million dollars an amount that the average person can easily obtain, which is another dilemma in the feasibility of that prediction.

We can all see bitcoin returns getting smaller and smaller. I mean, once bitcoin gets bigger, the returns will dwindle over time. We will no longer see increases of a few thousand percent, but only 2 or 3 times increases. So the fact that bitcoin can reach 1 million dollars is too far away, I don't want to think about it. The main thing that I am expecting more of is the ATH for the next bull run, which I predict will fall between $120k and $150k for this next bull run.

We can only guess and nothing more than that, but I personally don't think it can happen in this decade. Of course, I take into account everything that has happened so far and some possible scenarios that could happen in the following years. Given that we live in a world that is changing drastically, all options are possible, but for the price of BTC to reach $1 million, some very positive things should happen that are not too likely to happen.

By this I mean the possibility that some serious central banks start buying Bitcoin, and that some big companies join them, which would cause a great demand, and we know that this would launch the price into the sky. Whether and when the central bank will make such a move is impossible to predict at the moment, but it is enough for one to move in that direction and the others will follow.

I am of the opinion that some things will be much clearer in about ten years when 99% of all BTC will be mined, and that halvings after that (maybe even before) will not have the same impact as today. Of course, all this is assuming that people are not destroyed by the third world war or that we are not conquered by artificial intelligence.

If it's just for fun, I'm considering choosing between 2030-2037, as the current price is still way below $100k and it's taking time to reach $100k.
After $100k, it might hold on to $250k or $300k and then go up to $500k-$600k and that too takes time.
So 14 years later is probably as long as it takes for bitcoin to reach $1 million but it's probably even faster.
People who can own more than 10 BTC will surely become multi millionaires if the price can reach $1 million and hopefully, we will be included in the list of those people.

Everything depends on us, “The Traders”. If we demand for more Bitcoins then definitely the price will go high than expected, and if the demand is less, then again the price will not increase rapidly. The demand plays the important role here, as Bitcoins are limited in number, and we also know, when the supply is less and demand is high, the price of the commodity increases, so similar thing can happen, if we keep the demand increasing. Once Bitcoin reaches 100k usd, it won’t take it long to reach 1 million dollars. Moreover we can also see that Bitcoins are following a 4 year pattern for bull run, so anything can happen at anytime.

Wake up mate, I think am in my dreams and  about to get caught in it...Ouch
Stop living in a fake world. I don't think is will be possible in the bitcoin history for us to witness this price. That is a huge amount and we shouldn't start thinking of such price,bitcoin price cannot be predicted and the world will still face some challenges in the economy as time goes which can affect the price of bitcoin negatively or some government anti-bitcoin policies. I have never thought of this price because I see as mission impossible, from my own perspective I will say let look at the price at hundreds of thousand.  On the other hand nothing is impossible for a volatile asset like bitcoin, it can hit  $1M when we have limited bitcoin in circulation in the next 10-15 yrs.

I know that quite a few people have claimed that Bitcoin is capable of surpassing $1 million in value, but honestly, does anyone here believe that it's actually possible? Personally, I believe that in the best-case scenario, Bitcoin will be worth somewhere between $100,000 and $250,000, and this opinion is also quite optimistic. I don't know if it's just me, but even this sounds too exaggerated. Judging by the latest ATH of almost $70,000, it's highly probable that $100,000 will be reached sooner or later, but there's practically a limit on how high the price can go.

The soonest.
 
We all want to witness it as soon as possible. And that's what I wanted to see. Maybe after 2 halvings, there will be an astronomical gain which is not a surprising moment for bitcoin anymore. We get to see how it moves all of a sudden during a bull run and like last 2021.

It has multiplied nearly 4 times from the time it has got an ATH on 2017. So, having that pattern, if it will just gonna be around 4x or 3x on 2025 as the next possible ATH cycle, then from $69k * 3 that will be equals to $207,000(3) ~ $276,000(4).

And then for the 2nd halving maybe on 2028 or 2029 that could be $276,000 * 4 equals to $1M+. But I know as the cycle goes on, it's possible that it will be lesser than the multiplied times in the past.

I also think that with a bull run in 2036/2037, the price of 1$ million USD could perhaps be reached. Maybe even in 2032/2033, who knows. But certainly not sooner and whether we will really experience a price of 1$ million USD remains questionable one way or the other. If the bitcoin price continues to develop as it has in recent years, I can well imagine that we will reach this price at some point.

But before that happens, the price has to break the $100,000 USD mark and until that happens, we shouldn't worry about $1 million.

Yes, this survey is certainly just for fun, but actually it is much too early. Who can say today what will be in 5 or 10 years? Maybe nobody will be interested in bitcoin anymore because a new payment system with the same or even better framework conditions has replaced bitcoin. I hope/believe that won't happen, but who knows what will happen.  ;)

You're saying $100k - $250k long term?? It should be in that range in just two years on the next bull run, and the following bull market at the end of the decade should definitely be above the top of your range. We're not talking about the next few years, we are talking about anytime in the future.

Yes, honestly, of course it is possible. In fact I'd say it is just about impossible that Bitcoin WON'T hit $1 million. The only way Bitcoin doesn't pass $1 million is if it literally fails. Maybe you don't understand how much something can grow over many years. For example, $28k to $1.1 million is just 11 years of 40% annual growth. $28k to $5 million is just 20 years of 30% annual growth. These sort of growth numbers are very realistic for Bitcoin. Growth will obviously slow down over time but 30-40% is much lower than the current rate of growth. I mean heck Bitcoin price has appreciated 70% in just the past 3 months.

And its not like $1 million is the top. It'll continue going up from there. Granted, part of the gains against USD will be inflation of the dollar over many years, but in the next few decades I'd expect to see bitcoin at $2 million, $3 million, $4 million, etc. It might take until like 2050 for it to hit $5 million, and by then because of inflation the dollar may only be worth like 40% of its current value so $5 million in 2050 might be $2 million in today's dollars, but that's still double the question I posed in this thread and I didn't even specify accounting for inflation in the question. So yes $1 million I would say is not only possible but is inevitable. I expect the price to eventually be in the tens of millions of dollars, and even when priced in today's dollars it should go to several million dollars.

In the long term $1 million is nothing, $1 million is just the start. Just think, someone who is born today, by the time they are like 30 and have money to invest, will be thinking about how they wish they could have been able to buy Bitcoin at under $1 million the way people today wish they could have bought at like under $5000.

I used to think this would happen by 2030, so in another 2 bull markets roughly, but now I think sometime between 2030-2040 based on the reduced % increases per bull market. I'm not disappointed though as I prefer the market to become more stable and less volatile (as is currently the case) and in hindsight it seems inevitable that these retail-drive blow off tops weren't going to last forever.

My exception to believe it'll take another 7-17 years to reach $1 million would be if a major fiat currency opted into Bitcoin, such as USD/GBP/EUR/CNY, which I also think is very unlikely right now. Other countries in Africa, South America or Asia opting Bitcoin as a reverse currency won't change much but is otherwise the expected outcome (especially from countries dependant on the dollar or with high inflation).

With the current conditions, actually no one can really be sure about speculation like this because even in this case speculation must still be based on concrete facts.
On the other hand the current price means that btc needs a few times the jump for that price and I'm still not really sure to say a year but for sure it's going to be a very long time.
Instead of being like that, I think we can still focus on the condition of their closest target at a price of $ 100k, which has been talked about a lot since the end of 2022.

It's hard to say how much bitcoin reached 1 million dollars because it certainly takes a few cycles and it's not sure what the voter will vote for, I know it's for fun but I'm voting in 2042 and that's my estimate but not with good analysis given because it is still too far.

Currently the bitcoin price is still trying to return to the new ATH where 100k is the next target, but we have to realize that it won't happen automatically in 2024. ATH will need a process where bullrun will come again and this will usually be sustained with the rally that will come later.

Imagine touching 100k maybe a lot of people will sell, but how can they survive for decades?
For strong hands.

My exact thinking. A couple years ago I had been expecting $1 million in 2029 but then the 2021 bull market was so small, only getting to barely over half the price I thought it would.

Granted there were several reasons for that small bull run - crash in the middle of the bull run made it take the rest of the bull market momentum to bring it back up, naive newcomers following market manipulator Musk into stupid meme coins like Dogecoin instead of Bitcoin, people absurdly dumping Bitcoin when Tesla stopped taking it for purchases along with China banning mining around the same time which these two things together caused that mid-year crash, and hype around ultimately pretty bad DeFi tokens and non-ETH L1 tokens leading lots of people astray from Bitcoin into bad alts.

But, every bull market there are going to be things pulling people away from Bitcoin into crappy get-rich-quick schemes in crypto or just hopium that some random token is gonna become the next big thing, so I don't think we can assume 2021 was just an off-year for Bitcoin bull runs and we should take that as the status quo going forward.

2021 was only 3.5x higher than 2017, and while it was unnaturally low, we should still expect a slowdown each cycle. So like 2025 might only be 3x (~$200k), 2029 might only be 2.5x ($500k), 2033 might only be 2x ($1 million), etc. Though I think it'll actually be a bit slower than that and take one more bull run to get there. Unless, like you say, something big happens where a major nation adopts Bitcoin in some significant way. I don't expect a major nation to adopt Bitcoin as legal tender like El Salvador, but if a major nation converted some of their gold holdings into Bitcoin to use as a national reserve, and put payment laws and tax laws in place to make it easy to use Bitcoin and just in general took on a very positive attitude of Bitcoin being part of the country's future...if that sort of thing happened in the US or the EU or in several economically mid-sized nations we could see Bitcoin pass $1 million closer to 2030 than 2040.

I have chosen "NEVER"!

Even though im a huge fan or big supporter of Bitcoin but i dont see that it would really be hitting up a million per coin.Its impossible but considering on how still big space for possible progress or future movement
then it could be possible but im not really that longing for this price considering that it would really be not that simple to be achieved and considering on how much recognition and entire population
would be needing to be mainly supporting it.If ever the whole popular in real numbers on which we are just that 4% then there's still too much
space for us to move around.

So far, we know that bitcoin is a crypto asset that has the best performance compared to dozens of other assets out there. This is an undeniable fact although prices do fluctuate all the time.

But I don't know how real $1M is because we never know what the future of bitcoin will be. The most reasonable to expect is $100k, that's probably not expecting $1m any time soon. While I'm not saying it's impossible, the $1 million odds are extremely low. I would honestly choose longer time frame for $1M, meaning I can't be that optimistic in the short term.

Speculation for a price of $1 million may be reached someday but it may take several decades, it's hard to say it can be reached in the next 5-10 years, the most realistic prediction is likely to be $100k because based on the previous ATH price, I have often listened to predictions $1 million in the previous few months though without valid analytical details but the high predictions have motivated investors to hold diamonds for the long term.

I went with 2033.  I think it could possibly happen in 2029, but I think 2033 is probably a more realistic guess.  The last cycle was so manipulated by FTX, it's hard to see where we're headed as far as tops go.  Once 2025 is behind us and we see the next cycle's top, it will give us (hopefully) a more realistic valuation and ability to see forward again.  Right now it's hard to determine future tops when the last top was manipulated downward.  If we see over half a million per BTC in 2025, then I'll feel pretty good about seeing a million in 2029.  Otherwise, I think 2033 is the better bet.  We just have to wait 2 and 1/2 years to see what the expect in 2029.

Hello Thecodebear, to reach a price of $1 million, it will probably take us quite a long time until the btc has really run out in the mines, becoming a scarcity that is strong enough for us to get so that the owners of btc have the desire to release it at the highest price if they want to sell it. I don't even know when it will happen, maybe it will be decades to come.

i have a dream for btc to reach $100k this year and that is most likely to be achieved if the market cycle goes well without any disturbances of fud or negative news hitting crypto. One more thing, I want to see a second country that will legalize btc as their currency after Elsavador recognized it legally.

I went for 2042 or later.

Bitcoin didn't reach a 6-digit price yet, and TBH, I'm also thinking that it might not reach that price again because we don't know what can happen a few decades from now with regards to cryptocurrency. Maybe we will see a new coin that will be created that's better than Bitcoin? Maybe we will see a digital coin or another coin that's way better than all of the cryptocurrencies right now? I mean technology is evolving very rapidly, and I'm not removing the fact that there might be a chance that Bitcoin might get replace a few decades from now.

Nevertheless, I would love to see Bitcoin reaching a million a few decades from now, but it's still hard to imagine when or if it will reach that price knowing that we didn't see Bitcoin reaching $100,000 yet. On the other hand, I'm will be happy if it reaches that price because I'm holding some for long term (that is if I still got the patience to hold it until it reaches that price). :D

Bitcoin price 1 million will happen but it needs enough time. Moreover, this price seems like a dream to us now, but we can see its reality at some point. A look at various past histories suggests that Bitcoin will be bullish. If bitcoin can go from $3k to $70k in a few years there is nothing impossible to go from $30k to 1 million. But it will depend on the market capital. If the estimated market cap can reach 20 trillion then we can reach that target. But definitely that is not possible before 2030.

For people thinking this price of $1 million per Bitcoin is impossible to achieve, they shouldn't also forget, that's how it was impossible to some unbelievers that we could get to $10k when Bitcoin had no value but today we're trading at a more higher price than $10k. Last bull market we saw Bitcoin close to trading at $100k from an all time low of $3k it was trading in 2020.

Bitcoin can achieve whatever price you think is impossible, Bitcoin achieving that price will just take longer time and that's the only problem because some of us won't be alive to see it happen. For Bitcoin to trade at $1 million, my predictions will be, in three more bull cycle and that'll take us to between 2038-2041.

votes are almost equal lol , though the vote for never stands as 1 point  ;D

I can't predict when but i believe this will come , it may not now or tomorrow but in the future .

1 million can be broken as people don't believe bitcoin will reach thousand dollars but now it is?

lets keep this faith and we will taste the fruits of our investments and trust sooner.

BTC hitting $100k means there will be a bull season this year, I doubt it unless there is a surprise, and history won't repeat itself. The cryptocurrency market is always turbulence and negative news happens every day, even during the bull season, we will always see them. You can't expect such an impossibility, it's not realistic. Not to mention the highly volatile economic situation and the fact that the Fed hasn't stopped raising interest rates, so I'm pretty confident that won't happen this year and even next year. ATH usually occurs a year after the halving occurs.

I think before 2030, because we still have about 2 bull runs before that. This means that if we take into the last ones into consideration, we could be around 200k easily on the next one, then a crash of course, and then probably something close to a million dollars on the next one.

However, if that fails then something around 2030-2035 should be possible as well, meaning a third bull run would be needed for it. I am not saying that's the only option, of course it is not going to be that easy but that is something I could end up seeing as possible. Many people will also think that it will never happen, and they are wrong, they were wrong about bitcoin before, they will be now as well.

Shouldn't we follow a more realistic approach and think about $100k first before going that far? Bitcoin's all-time high is $69k, the very first goal is to cross that and set a new record, once that is done, it will need to cross the $100k barrier to mark its existence on the pages of history for being a digital decentralized currency that had a value that high.

I'm not really sure if we are lucky enough to witness Bitcoin's price touching $1m, but if events turn in our favor and there aren't way many regulations and bans being imposed by the capitalist countries, we might see it happening around 2042-2045, that's what I think.

Before reaching tenths of thousands, the price of bitcoin first ranged from one dollar to hundreds of dollars, then thousands of dollars. Before reaching its present price of tenths of a thousand dollars, all of these bitcoin prices went through stages of a bull run before happening.

Before it reaches the million-dollar price you predicted, it will first go from the tenths of a thousand-dollar price it is currently at to the hundreds of thousands of dollars price.

I'm attempting to argue that because bitcoin's initial price was started at one dollar, it went through several price points before reaching its current price of tens of thousands. Hence, the price of bitcoin will reach $1,000,000 only when it reaches the hundreds of thousands price first. That will take a longer year. Your $ 1 million is not happening by 2036/2037 as speculated by you.

When Whales are off

I remember that a few weeks ago there was a very strong narrative, namely Bitcoin will go to $1 million, even though this is from last week so it should be around 80 days more Bitcoin will go to $1 million. the popular one for this narrative is Balaji Srinivasan, an Indian on his Twitter, he has made a complete thread about why he is so sure that in the next 90 days Bitcoin will go to $1 million.

Anyway, even though you know long tram I am very bullish on Bitcoin but still I don't think this will happen at all from there is no way in the next 3 months Bitcoin will go to $1 million simply in my opinion it is impossible if it reaches $1 million. It means that Bitcoin's market cap has exceeded gold and in my opinion it's Impossible. Maybe in a few decades it will go to $1 million maybe but I absolutely don't see in a few years it will go to $1 million. but still, this year it's time to accumulate, don't let you miss it. I voted, Bitcoin will reach $1 million for the first time in 2042

No matter how many bull run cycle we would be able to hit off, it cant just possible that we would really be able to see million per coin which is something that absurd or something that really too optimistic.
Just like the rest been saying that we should really be that realistic so that we wont really be making ourselves that get disappointed because these numbers cant really be seen in short time frame or
wouldnt really be happening at all. This is why if you are really that too positive towards bitcoins price then just go with the flow or the waves and sell or buy according on what you do see
is right.

It seems to me - I could be wrong - that it will be faster to make swap and launch a new version of bitcoin than it will reach $1 million. Do you have any idea how long you will have to wait to get 2x ? 2x = $2 million. Are you willing to wait 20-30 years to get the 2x ? There will be to talk about million, but how many people will want to buy bitcoin at $1 million?

I think next decade but my estimate is probably way off like anyone I consider factors based on how are they are today.   1 million is ridiculous and I dont especially disagree with those who would say never.  However we already know the currency of most major countries is in decline despite the best efforts and work of the citizens, the effect of government is to spend too much and destroy their common currency.   As such we are able to see 1 million for 1 bitcoin in this decade, it shouldnt be true but unfortunately there will be upsets and BTC I think will appear far better in contrast with each failure to keep value and control volatility.

How many people will want to buy Bitcoin at $1 million you ask...probably a couple billion. The idea that people won't buy assets at higher value is and always has been a false assumption. At $1 million there will be many times the number of people buying Bitcoin as they are today. That's how value works. When something becomes more valuable more people want it, not fewer.

If the current year the price can touch $ 100k then I'm sure the price of $ 1 million will be easily achieved in another 5 years or before 2029, of course we have to be optimistic that the future of bitcoin will get better because there are more and more new users and companies to countries that store bitcoin .

Everybody here wants to be alive when Bitcoin hits the $1 million mark but Bitcoin hitting that mark for me is gradual, I don't think we will wake up and just found out that Bitcoin just hit $1 million, we are good if Bitcoin will hit $50k this year then we go speculating and hoping and working that Bitcoin will hit $75k next year, and if there are no FUDS happening in the industry and massive adoption continues then it's possible for Bitcoin to hit $100k if this continues to go and everything is smooth we'll hit the $1 million mark, but with all the FUDS and too many issues and regulation it could go more than 10 years.

I don't know, I can't say anything when someone wants Bitcoin to reach $1 million. Even though the price is smaller and maybe it can happen in the near future it still makes sense. $100k alone for 2024 is already making me happy, and currently bitcoin price is still quite far from the last ATH. If you want a price of $ 1 million then you need to be patient and very patient to hold your bitcoins.

There is no speculative analysis that can prove bitcoin will reach $1 million in a few more years, but a prediction of $100k is more realistic to think about in 2024. even I would be very happy if bitcoin reaches $40k within this year because we will be very close to ATH before and very potential to reach new ATH price in 2024. We have hope after high recovery in this year and market will be ready for bullish plan in next stage of recovery.

Nothing is impossible but I want to be realistic I don't want to be like Mcafee that is so fascinated by Bitcoin to reaching $1 million, people ten years ago did not entertain the thought that Bitcoin will hit the $20k mark but it did.
I will be happy if Bitcoin will hit $100k that's a big achievement already, but with all the FUDS going on and the authorities imposing their will, it will be an uphill climb, but we will eventually get there nothing can beat a strong community.

I believe the price of $ 1 million can be reached before 2030, there are many positive indications that make us optimistic that the price of $ 1 million will be reached soon, for example the number of communities or users continues to increase, many reports say that the development of bitcoin users continues to show a positive trend, and this can be a price explosion that can happen at any time.

We all hope bitcoin will hit the highest price possible, and $1 million per bitcoin is a real thing to dream about. But we need to be realistic and not too greedy, or we will get hurt when our expectations don't come true. I like to take things slow, I mean, we need to hit $100k before thinking of higher targets, the market moves very differently every year, so don't make predictions too far from reality. The $100k-150k target is the one we need to conquer first, and I expect it to happen in 2025, the next bull run.

I'd kick myself if the price got there in a couple of cycles, by 2030 or so, but I think it will actually be half that in that year.


Probably. I expect that in the next cycles the returns will be lower. In this cycle we had a maximum of 3.5 times the previous one, and going forward I think that will be the ceiling. We can't rule out higher but I don't see it as likely.

One thing that will influence this is monetary policy. If we assume real inflation of 10%, $1M is going to be worth half that in purchasing power in about 4.5 years. We tend to look at that price a lot because it is a round number but the purchasing power by the time we reach it is going to be laughable. Today being a millionaire is not what it used to be. It's good, it means you have financial peace of mind and comfort, but you can't splurge too much, and that's why people have been talking about billionaires for a long time now.

Basically it will be gradual, but unless I suddenly pass away from heart attack or something like that which kills people suddenly, I feel like I am going to be alive when that happens. I mean that should be at tops 10-20 years and that means I should be alive in normal situations. Obviously it's life, we never know maybe lightning strikes me and I won't see it, but if life goes normally like expected then it shouldn't really be a problem for anyone.

Unless you are 70 years old, and even possibly in that situation, a million dollars is not as far away as you might think. Some people think it won't happen for another 50 years, but I believe it will be less than 20 years and that is why we will get to see it.

That's too short a time for bitcoin to hit that milestone, I doubt and don't believe it. The world's interest in bitcoin is still growing, but that doesn't mean its price will skyrocket. With a $100k goal that hasn't even happened yet, the idea of a $1 million goal is too far-fetched to dream about.

I think bitcoin will hit $1,000,000 for sure, it’s obviously very difficult to estimate when. Just for fun though, I will join in. I think if we are still seeing 4 year cycles play out then that can give hs a starting point to make a prediction, the next halving is approx Q2 2024. The price usually moons approx one year after the block reward halving so I would estimate something like this -

Halving in 2024 ——-> 2025 cycle high of $200,000
Halving in 2028 ——-> 2029 cycle high of $500,000
Halving in 2032 ——-> 2033 cycle high of $1,000,000

Your estimate is very reasonable that if history continues to repeat itself in the future, then bitcoin will hit $1 million by the 2033 bull cycle. When bitcoin hits $1 million, that means bitcoin's market cap will reach nearly $20 trillion, twice the market capitalization of gold. Meanwhile, gold has taken centuries to reach its current $11 trillion market cap, so I don't think things will be that simple for bitcoin. Not to mention the market capitalization at that time will be very large compared to the capitalization of the stock market that has existed for hundreds of years. That is quite unrealistic, but the future is unpredictable, no one knows. Let's wait and see what happens.

That's a challenging question because things are changing too fast in the world these days. A couple of years ago when I talked about dedollarisation nobody believed me. Today it is the hot topic around the world.
The economy is facing a lot of radical changes too. With high inflation in countries that never believed it alongside recession and deindustrialization are all pushing the people in the world into thinking about alternative ways to store value. Bitcoin is an excellent candidate which means in the following years we could see a lot more adoption and at a much faster speed.

With all that said my choice is the first option in the poll (2029 or sooner) even though it is such a broad time-frame since as I said things are changing too fast and we could see $1 million in a year or two instead of 6.

You are probably right that keeping expectations that are almost unrealistic or impossible to come true will only hurt you in the long run, and it is always better to just see things in a realistic manner and only expect what's achievable. $100k is not a small price for Bitcoin to reach, that will be an amazing milestone to cross for Bitcoin.

As you said, considering how rapidly the regulations and laws are becoming more and more against the technology and all the coins/tokens in general, it will surely not be a smooth ride to go that high but it's achievable.

I agree with your analysis, another consideration is that banks are in big trouble these days and that will definitely encourage more people to buy bitcoin as an alternative. But anyway, I should consider a bit slower time frame, at least in the next 2 halving cycles. I will be very happy if $1M is finally reached, even sooner the better.

Then I advise you to check the US dollar value vs gold in the last 100 years.
It used to be pegged 1:1 to an ounce of gold. In the 70s it was already 200 USD for an ounce, now it's 2k USD! So, that's how much value your dollar lost in less than 100 years. With that in mind, it's safe to say that we will see further decline and this is going to grow exponentially.

Bitcoin can hit a million dollars not because it becomes so valuable, but because the dollar becomes so weak. In the next 10 years the dollar will halve in value due to inflation, but it's going to probably lose even more to bitcoin because of growing acceptance, especially in Africa.

Bitcoin can't reach a value that is way above its mining cost, because people can always mining it themselves or buying mining time at mining farms instead of buying it. And reaching $1m for its mining cost implies to consume an over critical amount of electricity while countries like US are already taking stance against mining currently. So I think it's unlikely to happen before the last mined Bitcoin unfortunately.

We don't know what the mining cost is going to be in 2032. We also don't know what the dollar index will show at that exact time.

You understand we could have a recession, money printing madness, or even a world war by that time. It's really hard to predict what the future will bring.

I think a million dollars in 10 years is possible. Think of it this way. in just 5 years bitcoin went from being worth 50 cents to 1000 dollars. That's a 2000x increase. Bitcoin going from 20 000 to a million is only 50x increase and we have twice the time to reach it.   

If we look at current developments, I believe that in the maximum term of 10 years or in 2033 the price will reach $ 1 million, of course many hope that the price of $ 1 million can occur faster because they want to get a big profit, in my opinion the price of $ 1 million can occur faster if this year the price can touch at least $ 100k.

You do realize that $1m is a very big amount, right? And for Bitcoin to reach that price, it will need to have billions of dollars in it, so I think no matter how fast the world is changing, no matter how bad the economies of different countries are and even if the currencies are devaluating, it is still not a lot of reasons for Bitcoin to get enough demand and supply to reach $1m that too in a year.

I believe in blockchain technology, and I know it's here to stay, but I want to see and expect things in more of a more realistic manner than having imaginary thoughts and expectations. So I think it may reach a very high value sometime in the future, but we are still way far away from that.

The blockchain technology has a way better chance to mix into real live business.
Bitcoin is far from ideal to be a payment coin. Litecoin, BCH are much better.
All coinuser should try to convince shop owners to accept crypto. A business is a win-win situation, so the shop owner should also win.

Yes but human life and society have nothing to do with few points on a chart unfortunately and many so-called predictors permabullish like PlanB have totally failed by trying to do such things. It's not reasonable to think that the mining cost of one Bitcoin could reach $1m in the coming years. Bitcoin needs to change its mining model to reach such high values.

Why do we really need all these type of increases to feel hyped about bitcoin? Isn't the fact that it would be valued more than the purchasing power of dollar enough for us? Like lets assume we are at 30k, whatever you can buy with 30k, you can't buy that in 10 years with 30k, because of inflation, but whatever you can buy with 1 bitcoin today, you can buy even more with it in 10 years. That information alone is enough for me, doesn't need to be more than 1 million dollars, it just needs to beat inflation in dollar and I would be fine with it. This should easily be the main reason anyone buys, and not really rush into it, it should be your retirement goal to retire rich and have a comfortable old age, that is "nearly" guaranteed in bitcoin. I say "nearly" because nothing is %100 guaranteed but I trust that it will be fine.

We'll never know. Although some experts believe Bitcoin will eventually reach $1 million or even higher, the precise timing of such an event is uncertain and depends on a number of variables.
Different people got different opinions, what if Bitcoin will reach that number but maybe in the next thousand years? Like the new generation is already here and we don't exist anymore?

If there are people who are able to determine when bitcoin will touch that price, then more and more people will buy bitcoin, the problem is price fluctuations and no one can guarantee. Questions like this are more about belief and why bitcoin should be taken as an investment opportunity, whereas for the price of bitcoin it doesn't matter when we will see it at that price.

You are also relying on assumptions but not a concrete reason, cycles may give a new price for bitcoin, but no one can guarantee arriving at that price. So the reason is simpler, keep buying and holding the bitcoins that we have.

No one can predict exactly when bitcoin will reach $1 million USD, but speaking of cycles there is a possibility that for the next ATH bitcoin will approach that price. But there is also no certainty whether we will see in the next cycle or in the year as you mentioned.

Well you do really have some point but it isnt something that we could really be able to assure out that it would happen even on thousand years.We dont know on what the future holds but basing up on
what Bitcoin is currently having when it comes to potential then we could say that there might be chance.Just like you do said that it would really be depending on on several factors which might
happen along the way which might it would be pushing up the price into a value which we didnt really expect that it did really reach out.This is why it would really be depending
but for now in speaking in our lifetime then i cant really that so confident that it would reach out $1M because basing up on whats the movement that we do have
then it is really that hard.

I find interesting that the never option is tied as the second most popular response, and if this is happening on a bitcoin forum, in which people should be as bullish as we can imagine, then this could explain why there are so many economists and politicians out there which do not believe in bitcoin at all.

However I believe there is a high chance bitcoin will reach one million dollars, even if it takes longer than my prediction, as I doubt the economy of the world can remain stable during the next decades.

It is not that easy to say when bitcoin will reach 1million range. If you look at the way 2020 has been done, I don't think it will go to the time you are talking about. As it is now the age of internet and technology is advancing day by day, it will spread to the people of the world faster than before now, and as soon as it reaches the people, its price will set new ath records. The sooner we can spread awareness to people, the faster it will spread. But today or tomorrow it will definitely touch this range.

That's right, recently someone gave a prediction that within 90 days it will be 1M$ each, although that's his opinion but many people don't believe and just laugh at him on this matter.

     And for me, it is still unclear that such a concept will happen in bitcoin. They say "Its too good to be true" that's why if the 100k$
after 1 year is still to happen before it happens how about 1M$ each bitcoin, isn't it?

Most voters believe that it will be in the next bullrun or the next before 2029 and with that I also given my votes because as far as I believe, we already crossing 6 digits in the next run so maybe in the coming 6 years from now is enough for bitcoin to cross that margin.

I think it's natural because if the bitcoin price reaches $ 1 million soon then we can get a big profit, I'm also optimistic that we can reach the price of $ 1 million before 2030, of course all processes take time, if this year we can reach at least $ 100k then I'm sure before 2030 the price will reach $1 million.

And, besides our desire to get some kind of profit, what other reasons are there to count on such a sharp increase in the bitcoin rate against the dollar? Already, the capitalization of bitcoin is a quarter of the capitalization of the largest corporation Saudi Aramco. If bitcoin crosses the 100,000 milestone, it will get closer to Saudi Aramco capitalization. What about investors who choose to risk an investment in an asset that will be worth more than any corporation in the world? Not necessarily our desire to make a profit correlates with the real ideas of potential investors.

To be fair when you are talking about something that is this much further in the distance, you just have to speculate about it and can't do much else. Maybe it will happen next year suddenly because of something, or maybe it will happen in 10 years, who knows? This is why everyone keeps making assumptions and made up predictions based on what they think will happen but obviously that doesn't mean that it will happen exactly at that moment, it could happen some other time as well.

I personally hope that the best thing in this situation would be waiting for it, because if we all believe that it will happen, that means it will happen and when it happens could be irrelevant considering all we have to do is hold it and not sell.

We could really be able to make out some calculations when we do speak on certain price ranges on where it is really just normal to have that kind of approach which we would really be needing to have

that realistic approach considering that we cant just set out numbers without even trying to realize about its overall capitalization.This is why i did choose up never too because it is really just
too far off and something that couldnt really be attained because it would be overtaking lots of capitalization in related into those corporations and companies around.
Dont know on what it would be looks like if ever we do reach out on this one.

What a nice coincidence, I just watched a video content talking about Balaji's bet on June that he's predicting bitcoin reaching $1M on that time. So we've got 2 months left until that bet and prediction he's talking about but I don't think that it will.

I hope that by the next bull run, we will really see bitcoin reaching 6 digits. But just as last bull run that we're all expecting it to be 6 figures, it was a disappointment that it did so, I don't want to put much hope in it but will celebrate when it actually comes.

2 months is too near mate  and even how things go it is impossible for bitcoin to reach that high (at least not in the next Bull run)

it is a too much expectation that will surely come to failure.

it is coming mate , 100k is not that far from the ATH of 2021 , remember that we had almost have 70k though failed to break that level.

It is definitely a matter of time to expect 1 million from the current condition. Every bull run Bitcoin reach multiple x more than ATH and a certain period of time it gets bearish again. The price of Bitcoin in that mentioned (1 million price) is definitely need to increase the market capital. Currently there is a $ 1.27 trillion dollar market cap where Bitcoin price $ 30K. As a result, if the price of Bitcoin is expected for $ 1 million, the market cap must be raised. In that perspective I do not expect 1 million before 2034.

It was a bet of his and many have already doubted him but still he opted to continue that and it's not just for one bet, but two bets.

Yes, we had that almost $70k and thought of it will continue up to $100k but it didn't. Maybe this time as we approach to the next bull run, that's a possible price that we might end up soon.

And possibly that more than that which I've seen some predictions about it that the next bull run will surpass the $100k thoughts of everyone.

Somehow I'm not sure $1m will be achieved in less than one year from now, let alone in the next 2 months. Even if it's not impossible, I don't think it's a very reasonable idea to think about. Even if $1m is eventually reached then I think we need a lot of time and factors to make that happen.

Maybe in the next 10 years, or maybe longer depending on how the market responds after the 2024 halving. If the next ATH can reach $200k, then there's a good chance we'll hit $1m in 10 years. Well this is just my assumption but anyway $1m is too big to be real.

Or even a decade which it couldn't really be that possible for it to happen in short time duration.There's no way that we could be able to hit up those numbers or could be that possible.It is really just too much and

i do agree on other sentiments on here that we do even having a hard time on bypassing or passing up those resistances which we are just targeting into those realistic numbers or levels but still ending up on having that wavy ride which is something that expected for a market something like this. Just let those people who do make out their bets and claims about a million per coin on a particular time or moment
which we know that it isnt something that we could be sure with or unlikely to happen.Everything would be depending on the demand and recognition in global scale then it might be possible.

And what is interesting is most of them believe that BTC will hit $1m. If you think it's possible then you should have voted for the second to the last option in the poll as it includes later. I am not sure if $1m is possible because it will need tons of money to be able for it to happen and BTC needs to be a legal tender in the whole world which is unlikely because many of them are salty against BTC and will remain this way. I am not trying to be negative here but I only say what I observed.

BTC can still reach a good value of over 100k and we can already earn nice profits during that time. If $1m is possible, we will never enjoy it so I wouldn't wait for it to occur but if our goal is to have our kids and their kids a better future then we can hodl some of our coins for them and educate them on how to access it later.

Optimistic about something good like Bitcoin is very permissible, but you also need to think more logically about this because right now the price of Bitcoin is still very far from the $100K level, and so is the $1 million level which I would not have thought of at all. private even if you give Bitcoin a few years. Apart from that, I also want to get a little insight from you about the $100K price that you are very optimistic about reaching this year.

Basically no one can give the right answer to determine the price / value of Bitcoin, by having the fluctuating nature of Bitcoin, of course it cannot be predicted exactly, no one can determine the price or value of Bitcoin from both governments, companies and certain organizations, Bitcoin running freely under everyone's control. it's true if this is more referred to as belief now there is an opportunity to invest, actually it's not just that this is the right time, long ago it was a good time to invest.


This is a very big predictive target, reaching $1 million USD is a big target, even though it basically takes a long time this is still a very long way to go. so far no one can predict it, either when or in what year he (Bitcoin) will reach it, Bitcoin has its own cycle chart, and Bitcoin will continue to run on the line, and maybe to reach it Bitcoin will penetrate its new ATH, maybe it will be close to the amount mentioned by the OP.

Oh boy.  I don't follow this section much, so maybe there have been threads like this going on all the time but IMO the better speculative question to be asking is when bitcoin will hit a new ATH and not necessarily one that's many multiples higher than its current one--it's 'only' at $30k after all, and there's no telling if the price is going to continue to appreciate or if we're going to see another crash.

But if I had to play along and answer the question....Jesus, I don't know.  Every other time I've made predictions as to when bitcoin is going to hit $X, I've been way too conservative.  $1k, $10k, $50k, those have all been reached well before I thought they would've been.  So $1 million?  Eh.  Five to ten years, maybe?  But that might heavily depend on whatever future regulations come about and how quickly the wild west days disappear (which has been happening slowly but surely).  Or perhaps not, but that's how I see it. 

And LOL, even if it hit a million tomorrow I still wouldn't have enough to buy a car with the amount of bitcoin I own.  That's pretty damn sad, wouldn't you say?

They may forget that $1m is too high to reach, but of course there is always possible. It makes sense to talk about ATH instead of when that $1m is, for me those expectations are too hard to be real.  :v

I'm personally drawing on how the new ATH is hitting, it's a bit tough considering the poor economic conditions. So in the end, I just hope this positive trend in bitcoin price continues even if this year doesn't hit ATH. Oh really, if only $1m were reached by tomorrow then I would be so sorry to miss the ship. Lol

To reach $ 1 million of course it takes a long process because the current price is around $ 30k, it needs an increase of more than 3300%, and in my opinion the price of $ 1 million can be reached at least 10 years from now, moreover sometimes the market has a bad trend that takes 2 or 3 years to recover.

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.

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.

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.

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.

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

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.

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.

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.

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? 

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.

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

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.

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. ;D

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.  ;D

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.

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.

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 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.

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.

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.