Bitcoin Forum

Bitcoin to 1 Million is it really possible?

No one will surely give an exact answer about this but we should not constantly value Bitcoin in fiat since fiat suffers inflation. Bitcoin can easily reach that price if Million is worth 100$ later on due to inflation. Bitcoin value will continue to increase when fiat decrease since its not value is not based on fiat but on its scarce supply.

Bitcoin might reach above that projected price in future because fiat is already suffering huge value especially USD. Probably we might use different currency as global currency standards when shit happened on US economy that is now looming.

If you look closely at how bitcoin has come all the way then one could easily say that a Million dollar worth of it is realistic. Bitcoin moved from $1,000 to the ATH ($69,00) which amount to a 6,000% increase. If we look at the increase from $30,000 to $1M it will have to increase at percentage of 3,000%. This mathematical looks realistic but there are certain factors that drives the increase of bitcoin like efficiency of mining, government policies, and many more.

But it took a long time for bitcoin to go through that so I wouldn't be holding on to that thought that it will reach a million plus that would probably be unsustainable to the market because there's going to be a lot of people who owns a lot of bitcoins that will suddenly sell their hoard. One step at a time, 100k is what we should look forward to first before that million dollar dream.

Your question is unanswerable without when.

When is important because it will be related to growth of network hash rate, block difficulty, input cost to mine each Bitcoin, Bitcoin adoption then its usability.

In addition, the inflation of fiat currencies and decrease iof fiat currency purchasing power will contribute to Bitcoin price as well.

I think it is possible but maybe next 30 years at least.

You can't underestimate the power of bitcoin, there is every possibility of bitcoin getting to million but that may not be possible this year because we need to see another new ATH before seeking for a Million dollar. Maybe that might happened in the next 4 years or 10 year to come but getting to that amount this year is impossible.

Next year? Next decades? Century? 1M Bitcoin is possible but for sure it would take a long period of time if you think how many years Bitcoin took before it reach its current value then probably a million value of Bitcoin would also take years. A lot of decade would it take which is my estimate. There's no guarantee when it will reach but for sure it will take decades.

Newbies often have interesting questions ;D ;D. If I can predict correctly and with certainty that bitcoin can hit $1 million, I will sell my house and all my possessions and put all my money into bitcoin, and then I will become rich.
No one can predict what will happen in the future and bitcoin is no exception, mate. But we are in a bitcoin forum, and most people are invested in bitcoin and have a strong belief in it. So the answer that you will get will definitely be "yes." And I also predict and expect bitcoin to hit 1 million or if it can be higher than that, because the higher the price, the more profit we have.

I am sure OG people who have registered here on the forum must have seen posts like these for "Bitcoin to $100 is it really possible?"
Anything is possible in this world. Bitcoin is a genius idea with an excellent implementation that is going to shine in the coming years when everything will be validated on blockchains.

Due to its scarcity, it will touch $1M one day. Not sure which year or if we will still be alive to see it but it's not something that isn't possible.
If someone is telling you they know when it will touch $1M, they are literally joking. Do not take clowns from Social Media seriously.

Also, $1m from the current price is a 3500% gain which has been achieved in the past. So in short, yes, it's literally possible for Bitcoin to reach $1M however $180k this bull run is inevitable.

Let's see if this post ages well or not in the upcoming future. :D

Nothing is impossible in cryptocurrency. It won't be surprising if one BTC reaches $1 million. But I think we should wait for bitcoin price to go to hundred thousand dollars first. Because Bitcoin has never crossed $100K in the history of Bitcoin.

1000K dollars is what we usually call a million. With a bit price of $1000K we may have to wait a long time. So I would wait for Bitcoin price to go to $100K first

In this life, nothing is impossible.

Many of us here did not believe Bitcoin would fall below $20k, but it did, and many of us here have a high expectation that Bitcoin will rise above its all-time high of $69k, with many aiming for $100k during Halving. As a result, I will not be surprised if BTC rises above $200k in the near future.

In another 2 or 3 decades maybe bitcoin will reach a price of $ 1M, too long expecting this uncertain price a bit skeptical asking the current price even though I believe how fast bitcoin growth is.

I won't think about the price too far, but I don't know whether $1M will experience it or not because if bitcoin reaches $100K I'm sure there will be lots of holders selling BTC at that price unless he can hold on for decades.

There is an article with predicting the price of bitcoin 2030-2050 maybe the OP can steel.
Bitcoin price prediction 2030-2050: What might happen to BTC in the long term? (https://capital.com/bitcoin-price-prediction-2030-2050)

It is but it’s not going to happen this year, next year or even in the next couple of years. The earliest I see 1BTC at $1,000,000 is 2029. I think it will happen as bitcoin is more widespread adopted & as fiat becomes more & more devalued. Bitcoin is a great option for people to preserve & grow wealth, history shows that.

As time goes on & bitcoin proves itself over & over again more people will flow to it. $1,000,000 per coin is possible this decade.

Only time can tell if the price of bicoin will someday get to 1M(I'm nt sure what currency you're referring to though), but with time and continuous bitcoin adoption and utiisation I'm sure we will see it or perhaps next generation after us will get to see it get to that price.
But if you're looking for someone to just come to this thread and assure you that it's going to happen no matter what then I'm afraid that's not going to happen because no one can tell what's going to happen tomorrow...
Btw, what prompted you to asking this type of question?

Surely it will be. I mean I am not saying that it will happen today or tomorrow but I am definitely seeing that happening eventually. Which is why I have to say that it is just matter of time and nothing more. I know that people are doubting at this moment but that doesn't mean that it will not be possible, this is something that will happen eventually so we just have to wait for it to happen. I believe that people are worrying about the future and sometimes it drops and that is why when it drops people starts to feel like they are going to lose all their money and that it makes them sell so when it drops, people fear and sell and it drops even more. Which is why I think that we should be hopeful about the future because if we do not lose our confidence about it then we are going to be feeling fine if we do that.

I think it depends on inflation rates. Now there is a high risk of fiat inflation, so 1 btc for $1M is possible, but its more probable not from the "BTC price rise" point of view, but from "inflation" point of view. The ability of cryptoassets to remain valuable in case of fiats inflation is questionable. The mechanisms (and outcome) of changes in values of cryptoassets in case of intense fiat value fluctuations is one of the main riddles in modern, highly digitalised economy.

The market is not much dependent over the traditional market. This means there is inflation which will keep the bitcoin at a better price, but the same doesn't drive bitcoin towards a new ath or 1m+ in price. Whether the financial situation is good or bad around is not at all an issue, the market of bitcoin is all about the demand to the supply. How this gets varied will reflect on the price of bitcoin.

As an investor, I expect it to happen, but the reality is that it is doubtful unless our economy has a major event like inflation peaks, the currency depreciates, and demand for bitcoins increases due to that crisis. Chance of bitcoin reaching 1 million is possible.

It is a question that no one can answer. The future of anything is not guaranteed, but it is possible for bitcoin to reach 1m. The increasing demand of bitcoin will help the price to go high overtime and no one can tell what will be the price. If you need the answer you have wait and stick with buying more bitcoin.

If we do speak about $1M/coin
Then here's the stats

1. 21T Fully dilluted market cap
- Less out those lost coins in void
- Less out those still havent mined yet

Reachable?
Trying to compared this MC into those known companies
https://www.fool.com/research/largest-companies-by-market-cap/
maximum: 2T by Apple

Forex market?
It isnt something that could give out precise numbers but knowing that this is the biggest when it comes to cap.

If BTC would be 100% be adopted and legalized then who knows if we do see million a coin price.
But one things for sure, that this thing wont really be happening in our lifetime.

Unfortunately, there will always be resistance because of Bitcoin's imperfection, unbelievers will always target Bitcoin's imperfection like it's being used for money laundering.

I like the idea and I'm entertaining the idea of 1 million in my mind it's a good motivation to accumulate Bitcoin to the point you want to sell everything you've had.
Maybe the question should not be about Bitcoin going $1 million but when, so our motivation is to keep ourselves alive to witness that.

If there is no time frame ? meaning on how long to be attain? then bitcoin is truly going to that level , in next year or in the next 10 years? who cares actually if you are one of the supporters and what be called HODLERS.
bitcoin will keep positioning itself to the top, and maybe wait for the next couple of bull run for us to reached that 1 million dollar price.

Of course. Only way that doesn't happen is if Bitcoin fails. The likelihood of Bitcoin failing is near zero at this point I'd say. It'll take time, probably ~15 years I think, for Bitcoin to pass $1 million, but it'll happen. It'll go much much higher than $1 million eventually. Hell, with inflation over the coming decades Bitcoin will likely be over $10 million later this century even just assuming normal USD inflation (not like a currency collapse or anything).

From today's perspective, $1 million is much more likely than say $25k was when looking at it from back in like 2015 when the price was 1% of that price. At that point there was still a question of whether or not Bitcoin would ever become a mainstream thing. Now Bitcoin is clearly on its path to being a global mainstream currency. Still plenty of hurdles to pass (govt regulation/attacks, general public education, the optics of mining, L2 growth, merchant adoption, etc) but it'll definitely get to $1 million eventually and far surpass it.

It's very possible because Bitcoin is part of the future, but indeed to achieve that Bitcoin still needs time first,
let's make it happen in 2025 Bitcoin can reach $ 150k or $ 300k,
hopefully whlaes will also support Bitcoin to reach new ATH in 2024 until 2025I

As the saying goes here, "everything is possible', and with every 4 years bitcoin is becoming scarce, then maybe in the future we are going to see 1 BTC = $ 1 Million. For now though it looks like not doable, but maybe when we reach a point that almost all bitcoin has been mined, maybe in the next 3-4 block halving, the price is going to shoot up.

And with that, it's better for us to really stack sats, it's going to be a race for everyone to get at least 1 BTC in their wallet. And for those who have achieved it, then they are lucky because right now it's going to be very difficult unless you have the money to begin with. But for the majority of us, average joe investors, it might take some time.

Yes, bitcoin has a limited supply, but don't forget that every bitcoin has satoshi in it. So I wouldn't worry about bitcoin not being enough for someone. I don't know where this reasoning about bitcoin being worth $1M comes from. Somehow it seems impossible to me. So far, people don't have such a huge need for bitcoins. But if it's going to be in demand around the world, then probably 1M isn't fantastic.

The main question is whether bitcoin will be interesting for speculation when it will be worth, for example, 100,000 (I'm not talking about a million) . How long would one have to wait to get 2x? I think a lot can be said for a million, but who will need bitcoin at 100,000 in reality is another question. Will there be buyers?

It's still very hard to believe bitcoin reached the fantastic price of $1M, I don't know about the predictions that will come with a long time but it's likely that a lot of people will believe at this price because bitcoin availability is limited then that's what might be a higher value bitcoin.

Will the whole world evolve to bitcoin? I think it will be very difficult for a country to maintain their fiat as a medium of exchange and bitcoin may only be an alternative option, but then again I believe in the rapid change of bitcoin.

The answer will be yes, but the reality is that none of us is aware of the precise moment when it will occur. We are unable to estimate the price of bitcoin in the future because, as it always seems, the cryptocurrency market is unpredictable. Based on the historical price trend of Bitcoin that we have observed, all we can do is speculate.

In my opinion, the next two bull runs(this one and the one that is expected to occur in 2028) could see the price of bitcoin reach $1 million.  The reason I assume that is that the price of bitcoin must first reach other ATH, such as $100k, $250k, and $500k-$850k before it reaches a million-dollar price(First, we count to one, then to ten)

I think tomorrow will be the 90 days when that bet was made. It’s crazy because it doesn’t feel like it’s only been 3
Months feels like it’s been a year since the bet was announced.

Basically the banks stopped failing and stock market is hitting yearly highs. Most stocks are hitting their ATH in the tech sector. Basically nobody has recession on their mind. If a recession hits it maybe sometime in 2024 and nobody is worrying about it yet.

However cryptos performance this week was very weak and not a good sign.

I think it's very possible, the community continues to increase and according to many reports in many countries there has been a significant increase, bitcoin can rise when there is an economic crisis and inflation in many countries, this proves that bitcoin is a very valuable asset and continues to grow, of course we have to buy it now before the price is $ 1 million .

Like what most says , there is no impossible in bitcoin mate , actually the only thing is when and that is something we need to keep waiting and looking and also the reason why  there are still many of us who believes in HODLING .
for how many years now that it has been proven that bitcoin will continue to grow as years grows by and yes , the best thing is wait and wait .
buy other coins for trading but use your bitcoin as Holding coin.

In 2013, people thought it will be only possible in dreams to reach Bitcoins to 1k usd price, but now we have witnessed the history of Bitcoins surpassing 68k usd price. So yes anything is everything is possible. Moreover there are enough evidences present which will prove that Bitcoins have the capabilities to cross 1M usd. Bitcoins are limited in numbers and day by day the demand to accumulate it also increasing, hence the price will go up and it will reach 1M usd. Yes it might take some years, but at some point it will definitely cross.

It hasn't reached it yet, but I bet that it will one day, because that's the natural trajectory it's taking. I mean even if it doesn't reach it quickly and right away, that just means that we are going to end up seeing something a bit different on the long run, it's going to be just a boring situation with a higher inflation and dollar will devalue just as usual and just like gold goes up, bitcoin will go up and that will make it above 1 million dollars anyway.

That's the boring possibility and it still does, but the fun possibility is that it will happen within the next 5-6 years, how? Well we will have a big halving next year, and I believe it will go up after that, then 5 years from today, we have another one, so between the one next year and the one after that, it will go a lot higher and it could end up being over a million.

There might be doubt because of the current price of Bitcoin but I’m also confident that Bitcoin will reach this moment and for sure, that is the time where everyone become more interested with Bitcoin. This is the goal and when the supply becomes limited, the price will become more expensive, halving and adoption will play a bigger role to achieve this level. Maybe in the next 5 years we might see a closer price to this level.

For the really big targets look at really big opposing assets in the same space , the same size which is trillions.   So Dollar index is quite relevant to large movement because so much value is being described and traded in dollars including Bitcoin.
https://talkimg.com/images/2023/06/15/H2PUq.png

We do have a declining value on this 1yr chart for Dollar index but if we want a lighter denominator for the BTC USD price we probably want to see the current price to trade below its prior low.  So sub 100 DXY I would be far more optimistic on the grand targets which are possible but remote beyond sight at present.   For now we are mostly sideways speculating on the small stuff, just the same prices as seen previous will get repeated until large markets move on the macro economic landscape.

Yes, Bitcoin to $1 million is possible and it will happen in future, but in current date and time Bitcoin won't be able to reach that range anytime soon. If you really want the Bitcoin to reach that price range then you'll have to wait for 1-2 decades for that to happen.

As you might have heard that Bitcoin has the halving event after 4 years and with that the amount of Bitcoin reduce per block to half and such reduction in the block reward will reduce the number of mined Bitcoin and because of that the value of a BTC gets higher and higher with each halving event.

The current halving event is expected in 2nd quarter of 2024 and with that the bull market will take the price of Bitcoin to more than $100k per BTC, and maybe more than that. However, you should remember that after each bull run we will have to face a bear run. And, with the next bear run the price could again drop to the levels of $60k per Bitcoin. That's why it will take a decade or two for Bitcoin to reach that price tag of $1 million or more per coin.

1 Million each Bitcoin? hmm? you know it can happen, but not at this time, instead no one knows when and that's because the market in this industry is unpredictable. But, recently someone predicted that within 3 months Bitcoin will be 1M$ each, and the 3 months since he predicted the 3 months are over. He made this prediction on social media and caused a stir in the crypto world.

All of the crypto community wants that to happen to become 1M$ each Bitcoin, but we must also be realistic, we are only realistic and not just based on imagination the dreams we want. The only good thing to do for now is to enjoy the ride and go with the flow, save some Bitcoin while waiting, and learn everything that we can benefit from it.

We should really be realistic when it comes to price on which there's no way that we could be able to reach up million per coin, come to mind that even reaching out 100k is already a challenge and this isnt something that we could really be able to reach up on a short span of time.Yes, its true that adoption and recognition isnt really that on 100% or on the entire population of the world on which theres a chance but not really something that could really happen in our life time and this is why i do agree on some points above that it would be better for you not to make yourself that too mindful about the price or potential on which
it would really be just adding up on the stress and mind boggling about prices whenever you do keep on assuming with those numbers.
 Better to be realistic and stick into something or level which we could potentially be able to hit up on upcoming years or decades to come.

but what people keeps looking is about the value of bitcoin against dollar and not what it is truly with for the future.
and also those who are very worried about that computation are those people that only wanted an easy money but supporting crypto is less of their priority.\
actually people are expecting too much but in the end they are losers , better to try less expectation so at least if it does not come we will not frustrated that more.

I am of the opinion, as some previous answers have already pointed out, that the price will reach one million, we don't know exactly when, and I don't think it will be as much as a couple of decades.


I think we will probably see that in a decade or less, but the purchasing power of a million probably doesn't even reach that of half a million today. When we calculate how much the price of bitcoin can rise by comparing it to fiat, mainly to the USD as is often done, we must also take into account the erosion of the purchasing power of that fiat due to inflation and not just look at the round figure.

It is not necessary for us to search for the value of Bitcoin against the dollar. I expect that during the next two decades, the dominance of the dollar will end, perhaps in favor of the BRICS currency, the yuan, the euro, or any other currency, but it does not necessarily have to be the dollar.

Also, the value of bitcoin against the dollar or other fiat is not important. What is important is the purchasing value of bitcoin at that time, because if inflation continues at the rate at which it is going, the purchasing power of the dollar will drop dramatically in the near future.

I hope that at that time Bitcoin becomes the dominant currency linked to the world economy instead of the dollar.

Based on the current price in the market, it will be possible but it will take a long time before such price will come through for those that will be alive to hold till then to celebrate massive income in the community. Don't forget that Bitcoin is unpredictable which anything can happen that will make the price of Bitcoin to go higher or decrease down in a way investors will lose hope at the moment before the price will surprise them like the way the price surprised investors by hit $65,000 few years ago. If you have money to invest now, just try and invest it on Bitcoin because there are some sign in the market that show that the price will pump massively in the future to help people to recover from their losses they experienced in the past.

The position from which Bitcoin rose to its all-time high seemed unbelievable to many. But that place of unbelief eventually turns into trustworthy. Today 1 million is hard to predict from the current price of bitcoin but those who believe in bitcoin will not deny the possibility of bitcoin price 1 million and more in the future. Bitcoin's halving is more likely to happen every 4 years later so in the next halving Bitcoin price could exceed 100k by 2024 or 2025. I expect Bitcoin price to reach 1 million by 2030.

Well, I know that after a decade a million won't have the current purchasing power, but it will still be a million and even with half of its current purchasing power, it will still be very profitable as compare to it's todays price range. We all know that inflation is increasing to very high levels each year and that's a pure sign of failure of fiat to persist its current value, but Bitcoin is totally different from the fiat currencies. The Bitcoin is a deflationary product and it will continue to increase in value in future. The deflationary nature of Bitcoin makes it unique as compare to traditional assets and fiat based currencies.

The Bitcoin has shown huge growth in previous decade and many people expect that it will show similar growth in the coming decades as well. But, I must say that the coming growth of Bitcoin won't be as high as it's initial decade's growth because at that time Bitcoin was not well known and it first got the attention of the investors, and there weren't so many investors in initial years of the currency. But now, the currency is widely known and many investors are holding huge shares of Bitcoin and are thinking that it will grow huge in future. The new investors are also interested in Bitcoin and there are some investors who are accumulating Bitcoin when market dips.

Now that the big guys like Blackrock are moving into the space, a massive jump in price seems almost inevitable. If their ETF gets approved it will be a situation of the higher Bitcoin’s price goes the more money they’ll be able to take in on fees, which will act as a feedback loop as they accumulate everything they can buy using their own investor’s money.

For BTC, it's only possible for it to go up but for the shitcoins, there is no way they can rise more but it's only possible for them to dump harder. BTC is getting scarce every four years, thanks to halving but I think even if there is no halving, it can still be able to rise because of the adoption. For BTC to be able to hit 1 million, we need more halving and adoption.

It will take a long time but our wait is going to be worth it for sure because man, we are talking about a million dollar here. Imagine if you have a one whole Bitcoin when you sell it at that time, you don't have to worry about your future anymore. It will now be optional if you will re-invest in Bitcoin again.

This good news is really surprising and it's true that June will be bullish especially,
I'm sure Q3 Bitcoin will go to $ 50k first before another correction,
and 2024 will probably be to $ 65k after that 2025 Bitcoin will be more than $ 150k, hopefully it will happen.

I agree that it was a marvelous period at the time and it wasn't that easy but that doesn't mean that we are going to end up with a good result again like that, we shouldn't really be worried about it. I mean as long as it goes up that is enough for us, and 1 million would be very possible on the long run.

I think the best thing to do at this moment is that we shouldn't really be worried about any of this, it doesn't matter when or if it will be a million dollars because we are at a point where as long as it's higher that would be great. That means 100k would be still x4 higher than this, it's 10% of what 1 million dollars is and I think it would still be amazing. That doesn't mean that we did badly, it still means we did great, so look for the smaller wins.

Indeed, from this incident we can judge that good news is still very influential in the market,
which means it is good that the market is still in good condition, bad news causes dumps and good news causes pumps,
but if we are in a bearish season, good news has no effect on market, well let's hope this is a good sign.

The Blackrock-related news may have helped bitcoin avoid a larger drop, but to say that it will help bitcoin continue its rally into June, I seriously doubt its ability.

What evidence do you have to confirm or prove what you say? As we all know, predicting the future is impossible and especially for a volatile asset like bitcoin.

If those are all your hopes and expectations, be optimistic and believe in your goals. But don't claim anything if you don't have proof or are talking about the future.

yes, I don't claim it but I'm optimistic about it, look at this time good news one by one appears and that's good,
moreover the price of Bitcoin also rebounded from $ 25k to $ 26k, even though it went up $ 1000 I think that's a good start.

It’ll happen, I’m sure of it. You are looking at 10 years or more from now though.

$26,500 will look really cheap in 10 years though so do everything you can to buy as much bitcoin as you can right now. The best time to buy bitcoin was in the first 5 or so years, the next best time is NOW. What you gonna do, anon?

A decade or so of doing HOLD will be much better looking at bitcoin's value then, just need to be patient with a long time so just stick with it.

For me $26,500 right now is still too low and only an opportunity to be taken if it's been over a decade then there will be quite a big change in bitcoin maybe the next 10 year low won't be this low in fact it will be much higher than the ATH which achieved over the next 10 years.

Well I believe the time to buy is now, it must be done.

I still hope it happens, but I don't think it will happen in the next 10 years. If bitcoin hits $1 million, that means its capitalization will be twice as high as gold and hit $20 trillion, that's a huge number, and I doubt it can happen in time short. Maybe bitcoin won't hit $1 million, but it could be worth 10 or 20 times the current price is easy. Therefore, I sincerely advise those who have not bought bitcoin because they think bitcoin is too expensive to take advantage of this time to accumulate, do not let the regrets of 10 years ago repeat in the next 10 years.

If the bitcoin price were 20x what it is now, then it would have been over $500k. Of course I think it is possible, but it will take a long time to see it become a reality. After all bitcoin has risen thousands of times over its initial years, so something big can still be expected including $1M for the price. I think the next 10 years is a reasonable time frame to expect $1M in bitcoin price, but only if bitcoin can get more expensive after the 2028 halving.

Halving cycles could really be indeed make such impact considering that block rewards is getting lesser and lesser on the years been passing or on each halving event and if the demand
would really that continue to bloat up then for sure it would really be that understandable that its value would increase up even more which it is really that a common sense. Next 10 years for
$500k? that it is really that still that close to impossible on which come to mind that we do even take several years to see up a recovery into its price after such correction from ATH to below 15k price bottom that we had experienced for this cycle, which we could totally say that it isnt really that something that would be easy or even lets say that this price point is something
that we cant really see on our lifetime.

It's possible, but for now it's unlikely. Look how hard it is for Bitcoin to break low resistance levels like 30,000$, 40,000$ and 50,000$, or reaching its last ATH of 69,000$ again.

Bitcoin has never reached 10% of the goal proposed on this thread, that would be 100,000$, now imagine how hard it is to hit the 1$ million mark. Imagine how much marketcap has to increase.

That means massive flow of money coming into BTC. And as we know money is heavily concentrated on few hands in the world. Usually, these people are the ones who don't like Bitcoin very much and partner with governments for advantages, so I don't see them becoming supporters of a decentralized cryptocurrency.

Without their money, I guess it's not possible for BTC to reach such price zone...

It was just a very normal rebound in Bitcoin although it's still a good thing considering there are a lot of issues that are affecting the price increase in Bitcoin. You're just optimistic that Bitcoin will continue to improve over time and I think that's a good thing because I'm actually also still quite optimistic that Bitcoin will improve in price through improvements, but for now it's still looking pretty tough to happen even though everyone has seen a rebound price from $25k to $26k.

So, you mean by 2043 the dollar won't be usable this year after 2 decades? How did you say this, I'm just asking? Is there a figure or hold that can be relied upon that what you are saying is true?

Although for me that's okay when it happens, but most of them will disagree with what you mentioned, because what we're talking about is now, so whatever we say will happen in the future, it will remain just a speculation . So it's up for debate until it happens, right?

The answer is maybe, in this case it might exceed 1 million or it might never happen at all. Who can guess what will happen in the future, everything is still just a prediction based on analysis. Actors involved in crypto assets very often use technical analysis in analyzing the crypto asset market, technical analysis uses the philosophy that market trends will repeat themselves, even though you can predict price increases and decreases in the near future, you cannot know the average value for each period 24 hours.
You have to learn a lot to know price trends, from knowing most of the analytical techniques to reading candlesticks so you can determine the right time to fill your wallet with Bitcoins.

I did not say that in two decades the dollar will not be usable, I said the dollar will not be dominant, there is a big difference.

The dollar will continue to exist, just like any fiat, but it will not be the dominant currency in the world economy, meaning that the global economy will be disengaged from the dollar in favor of another currency, perhaps the euro, the yuan, the BRICS currency, or bitcoin, no one knows.

Of course, these remain just speculations and wishes and do not necessarily materialize on the ground. I wish bitcoin would be the global currency to replace the dollar.

This is a possible scenario and most likely the reason it has not happened is that we do not have a clear candidate to replace the dollar, if we had it it is possible the dollar had already lost its dominance, however this also demonstrates the weakness of the world economy, and this means that if another event similar to the pandemic or the war at Ukraine strike us, then it is possible this will put the dollar in an even more precarious situation and bring greater instability to the world during the next years.

There is no such thing as impossible if we look at the current price since Bitcoin first came out. At that time, when you asked if it was 50 thousand dollars, it was even more impossible. Now there is a bitcoin that has proven itself for how many years. While fiat currencies are not protecting their value, I am getting more and more warm towards bitcoin, because the correct store of value and technology will replace what is missing, so everything is possible in bitcoin, but it takes time.

Nobody can underrate and underestimate bitcoin acceleration in price, because its very obvious that bitcoin price always flows to a point that marvels or astonish investors, secondly bitcoin is a technology that nobody can predict accurately its regulation and rotation in market, so therefore we have to believe in everything that come across of bitcoin increment and bitcoin decrement in price,  we have to knothat the technology of bitcoin can make bitcoin to reach to unexpected points of bitcoin.

When they degraded the Ruble in the late 90's the conversion factor was 10,000 to 1 from old to new.   So in that respect, yes 1 million and anything is possible but its hardly the nice answer you want to hear.   We will see gains just from the losses in ratio of weaker currencies, ask someone from Venezuela whats its like and the higher prices may not be the dream you wanted but a nightmare of chaos.  Governments make mistake, its not a new thing.

We need to make assumptions based on the history of the market and also the current events in the mainstream world, do you really think with all the FUD, fear, panic selling, and bad news circulating all around the month of June can be bullish? There is only a week and a few days left and I don't see any signs of that, instead, the price keeps falling because we don't have a lot of positive things going on around cryptocurrency world lately.

So we are not about to see that happen anytime soon, we need to first get out of all these FUDs and bad news and exchanges getting sued, after that, we might see some positive price action going on, otherwise, it will only be like this for the whole year I'm afraid.

but that is what mostly does mate and until now they are showing stupidity about valuing bitcoin against dollar and not the true value and meaning of cryptocurrency.
bitcoin should be for future and not as bread and butter for some losers in life.
actually for some it is important as they are not actually use bitcoin for purchasing but they are doing this just to invest and take the value after hyping .

Anything is possible, and bitcoin always brings us many surprises. Although when looking at the market, the negative news is still in the market, so thinking of a rally is not feasible but if you check the market today, bitcoin is back at $27k. 10 days to the end of June, and it's hard to say what will happen, I can't be sure bitcoin will rise in the remaining days, but you also have no evidence that it will continue to fall in the days next.
To be honest, I find investing in bitcoin very interesting because of its unpredictable volatility, when we predict it to fall, it will increase, and vice versa.

The increasing number of bitcoin users makes hope to reach $ 1 million is realistic, I'm sure before 2033 or 10 years the price has reached $ 1 million and the best we do now is to continue to buy, and focus on long -term hold is the best option to become a rich person because of Bitcoin.

Maybe yes maybe no. The price of BTC can go up or down quickly, so it's very difficult to predict with certainty. There are those who say Bitcoin can break through more than 1 million dollars in the future like you said, but there are also those who are skeptical. Many factors influence it, but in current developments, many financial institutions are participating in using Bitcoin to protect money from inflation. So basically we can't predict with certainty whether the price will reach 1 million or not.

If Bitcoin could go from less than $1 a decade ago to over $68k in 2022, I don't see why it can't go to $1 million too. Bitcoin is more likely to hit  >$120k this coming bull rally that's expected to get to its crescendo in 2025. From the way Bitcoin is toppling its ATHs to set new records every circle, $1 million is highly feasible; only that we don't know when that will be. Expect there's an apocalyptic disruption, Bitcoin will get there. Those who calculate market cap at $1 million per BTC to doubt this, should ask themselves if they ever thought Bitcoin could get to $1k a decade ago.

Well, no one can predict what will happen in the future, but if we are based on what history has shown us and what is happening, then why can't bitcoin hit $1 million? 10 years ago, nobody thought bitcoin could hit $100, and nobody thought bitcoin could hit $10k and then $69k. In the end, everything that we all don't believe will happen, but does, so if you have enough faith in bitcoin, there's no reason not to believe bitcoin can't. As an investor in bitcoin, we should be optimistic and believe in it.

I don't know if it will happen or not, but if you are sure it will, then I disagree with you on that.  even bitcoin price prediction for tomorrow, no one can predict, let alone predict bitcoin price in the next 10 years. bitcoin will rise and will be higher than the current price, but no one knows how much it will rise, and everything has its limit, bitcoin is no exception.  1 million dollars is really a big number, and I never dared to think about it, what I am expecting is bitcoin will reach 100k.

I like people who are optimistic in investing. But we also need to be realistic, not too dreamy, because that won't make us any better. Sometimes we put our hopes up too much, and if it doesn't go as we expected, we despair, and that's not good.

Bitcoin price rising and falling $1k or $3k is normal and can be said to happen daily. That is not a positive signal that the market will recover soon. Again, I just want to say, we should be realistic and always have a backup plan because the market is unpredictable. Don't be too pessimistic but also don't be overly optimistic, always face what is happening.

I think $1 million is a thing that will happen, many analysts believe $1 million will happen in 2 halving days i.e. 2024 and 2028, and I think it's normal that in a maximum of 10 years the price can reach $1 million, this is because of the number of active bitcoin users around the world continues to increase.

It is not impossible since Bitcoin value is always increasing from one halving to another halving. But no one knows on which halving the Bitcoin price can reach $1 million. Although there are some analysts who state that $1 million can be achieved in the next 2 halvings, I think it is purely speculation only. No guarantee for $1 million in 2028 or 2029, even Satoshi can't guarantee it. Sure, the number of people who are involved in Bitcoin keeps increasing, but it is not the only factor to trigger Bitcoin value to grow significantly. If there is much bad news in the future, the price growth can be a bit slow or even free fall. Moreover, we must have bearish seasons in the future, it is the time when Bitcoin price tends to drop.

This is what people should really be thinking up on which they shouldnt really be that way too optimistic on prices on which it do really comes into a point on which reaching out with those unrealistic numbers.

It would be rather better if you do just simply go with the flow and be wary and cautious if you are really that able to enter on market prices whether high or low. Profitability would really be varying on how you do act
fast whether you do sell or accumulate. Each of us does have different approach on how this market moves on which it would really be just that normal that sometimes when emotions do kicks in then it is
one of the factors that would really be giving out that kind of different insight towards the price and sometimes we do really go into those unrealistic points which it cant really be avoided sometimes.
Better to mind off on how we would gonna break its  previous ATH of 69k... Having that 100k target is something more realistic that 1M.

a reasonable prediction that it will indeed occur several times the previous ATH, which has indeed been done by bitcoin so far. but it looks like getting to $1M might not be as fast as expected, because it might not be the maximum value. it is possible to achieve it, I think there will be several halving periods and I might predict it will occur in 2035. Hopefully, in the future ATH [2025] it will be able to reach the maximum value so that $1M can be easily obtained, remember to keep buying and holding it so you can also feel from this improvement.

Mark this date mate , and count at least another 10 years and then update us for what you can see in the market .
because in the next coming years we might see the 6 digits breaking meaning it wont take long before the price finally hit that 7 digits or 6 zeros value in it.

I think "speculation" part comes from the fact that it has gone up nearly x10 from bottom to top each time it had a halving, and that's at least, a lot more usually. The last bottom we had was near 15k level, so the top could very well be 150k give or take, could be a bit lower or higher we really don't know and that's just one halving, with the other halving we could "maybe" reach a million depend on what the bottom will be.

I think halving is a good place to start, because with that, it should be doing fine, it wouldn't really be that bad to reach. That would mean next year there is one, and then 4 years after that another and 4 years after that the third one, so it's about 9 years, give a year for the benefit, so it's 10 years. That means we could be x40 higher in 10 years. Can't see anything else profiting me that much.

It may or may not happen.
Historically, bitcoin has always risen and reached ATH after the halving, but there is no guarantee and certainty that that will continue to be maintained in the future, everything can change. I even doubt if bitcoin can hit a new ATH during this halving, so making a prediction for 2030 is an impossible task. Because this is a financial market and everyone expects the price to rise after the halving, who will buy bitcoin at a higher price when we sell?
Instead of thinking about when bitcoin hits 1 million, I'm more interested in when bitcoin hits a 6-digit.

1 million what? Stones? USD? EUR? The value will always be dependent to it's correlation of another asset be it fiat or metal such as Gold. But the sky is the limit. There is a possibility that it can surpass 1M usd but it is also one in a million probability. Objectively speaking, 1M of value would be an overprice. No one will be willing to do such a transaction of person to person unless the supply is very low.

There's no wrong on that question. But having a more realistic insight will give you better information with dealing with future price action in crypto.

The impact that will occur if the price of $ 1 million will of course be large, our hope is that we can see the price of $ 1 million soon, if this happens it will make many countries immediately legalize bitcoin, I'm sure if $ 1 million is reached then transactions between countries will use bitcoin.

That's a really high price, and it's hard to come by. But anything can happen with bitcoin, when bitcoin is below $1, no one believes it can hit $10, then $100, and the highest ATH bitcoin has ever reached is $69k. So Bitcoin hits $1 million, why can't that happen? It sounds unbelievable, but it can still occur.
If we compare the current assets, bitcoin is considered the most scarce asset if you compare the total supply of 21 million bitcoins with more than 8 billion people worldwide. So there will still be a chance for bitcoin to hit 1 million if its demand spikes.

$1 million will still be a dream for all of us, Bitcoin reaching $100k is already very grateful for reaching a new all time high,
2024 Bitcoin will be halving and we all know that the history of halving will make bitcoin bullish, so we can focus first on $100k to $300k maybe,
once that's achieved let's make Hype to $1 million in the next 4 years, 2029-2030.

very likely, but not at this time and not in the near future.
there used to be experts who said bitcoin price would reach $100k but few people believed that, and now $100k looks very likely. maybe something like this will happen again.

One million for 1 BTC? The chances of that happening are slim, but that doesn't mean it can't happen. Right, we all had doubts about bitcoin hitting $100k until it hit $69k then that doubt was gone. So it's no surprise that many people don't believe that bitcoin can hit $1 million. Honestly, even I never thought about this until I came across this thread. But I think we don't need to think about those distant things, we should focus on the nearer goals, and that is $100k. When the goal of $ 100k is completed, we can think of bigger things.

it is possible that it may get to that price in the future. Since you didn't specify a timeframe for when bitcoin will hit $1 million
However, no one is certain of the exact date. The time it takes for Bitcoin to reach $1million may be less than or above 10 to 15 years(speculation). One thing is for certain, it will eventually reach $1million. Only those who hodl onto their bitcoin until then will be able to tell the lovely tale of how they got bitcoin at a low price of $30k or less and hodl onto it until it reached $1 million when others are selling at different ATH of bitcoin before it skyrockets to $1million

In 2017 ago, I think many people find it difficult to believe that bitcoin can hit $69 thousand as ATH in 2021. But once they see the reality, then of course they will tend to believe in the speculation $100k as new ATH. The halving should generate a lot of demand, so we can only hope to find new ATH after the 2024 halving.

Of course it's always hard to say for sure, but it's likely that the pattern will remain the same as in previous years. We are just being prepared with the consequences as a risk regardless of whether it is profitable or vice versa.

it is very difficult to understand people's behavior, he arrives at a forum, creates an account on the forum and makes a very short post in which he asks if bitcoin will reach 1 million dollars, after asking the question he disappears, I keep asking myself which one it was the purpose of having created an account here on the forum and then having asked this question and it disappeared, I don't know if I keep reading these comments or not, I don't know if there is another account that I created afterwards and with that I can read and respond to the comments that are posted in this thread, but one thing is clear to me: this is not a good attitude, it looks like the person just wanted to come and make a nasty joke with the members

if OP you are reading people's posts, I advise you to go back and answer people, because they are answering your question and you need to be someone polite and show that you are already clear, you can simply see that the distance of the current price with the 1 million is something abysmal, therefore it is meaningless to think about things like 1 million, this is something impossible at this moment and I very much doubt that in the next 5 years such a price will be seen, in my opinion it is something that will not be seen, better than you forget this price

This kind of behavior is difficult to prevent - there could be a motive behind the plan. If you don't like it - just ignore the topic and contribute to another, more qualified topic. Again - if it's not an important topic then leave it.

The OP may have a point and a plan - but I don't want to guess what might not be true about him. $1M is hard to come by - but maybe will be in the future if the demand for the coin gets higher over time.

People never understand how the market runs or what is the principle followed in the the price movement. They just come to know about the price of bitcoin to be high and this to grow to the highest in coming days. They just understand it in the different way. People should know what is behind and what all the possible chances of 1million and the go further.

Chances are not "slim" in the sense that there is no timing, that's what makes this a bit weird. I mean think about it this way, could it be over a million dollars by 2050? If bitcoin keeps on growing and doesn't collapse and be worth nothing, then as long as it continues then 1 million is nothing by that time, it could be multiple million dollars. Would it be a million this year? Of course not, next year? Nope, year after that? No chance.

However, could it be 30 years from now? Obviously it could be and the chances are not slim on that one. This is why I believe that we shouldn't really be doing anything that is crazy and unexpected, we should be expecting this to happen and it wouldn't be such a shock to anyone, it would be normal.

Each of us does have that different taking when it comes to Bitcoins potential on which there would really be those people who would really be that optimistic with the price and this is why they would be predicting about a million per coin which we cant really tell whether this one would really happen or not.It did really just turn out that there are people who are really that saying these numbers in a short time frame lets say this upcoming bull run andi into the next one which we know that it isnt something achievable if we do really tend to look on how the price behaves or moves with the recent years on which it is really just that a hell of  wavy ocean
on which the price goes up and down. We do have cycles and we do have trend and seasons on which we know that it could  be only neither be bullish or bearish or simply just depend.
This is why i cant blame out some people would be saying that this price is unrealistic or something that could happen in the future.

In short, everything is just a prediction, and depending on each person's vision of bitcoin, no one will be right or wrong because it has not happened, so it is difficult to say. I don't care if bitcoin hits $1 million or not because that's too far-fetched goal, what I care most about is if bitcoin hits $100k, how much profit will I get from it? So what I am focusing on is accumulating bitcoins every time I have money, and I hope this bear season lasts longer so I have enough time for myself. I'm pretty pragmatic, bitcoin hasn't hit $100k yet, so it's unrealistic to think of $1 million.

It is better to focus on what it is right in front of us that in something that seems to be so far away, the only way for bitcoin to reach a price higher than one million dollars is if there was a huge amount of inflation during the next years which made the price of everything to skyrocket, and while this scenario is possible I do not think it will happen soon, so it is better to concentrate ourselves on a goal that bitcoin can actually reach, and 100k seems like the perfect level in which we must concentrate on.

You cant really stop people on having these speculative approach towards the price on which it would really be something that would likely to happen because they are really that having that optimistic approach when it comes to price since we've seen on how it did able to grow in a decade time on which making out some assumptions and presumptions on how things might really be ending up basing on the movements that
it made in the past but speaking about $1M then this would be an another story.

This could possibly happen but not would really be just talking about few years and this is why its better not to be bothered with these numbers because if you do keep on waiting for this point
for it to reach that price point then it would really be just creating that kind of feeling on getting that annoyed or really that being impatient on which it would might result
on making bad actions which it isnt really just that right on doing so.

there will always be that possibility, because seeing all this time that btc has made it tends to continue to increase after each halving era that occurs once every 4 years. always after that there will be a renewable ATH and it will occur several times more than the previous ATH, that movement has proven so far. The last ATH that was created was at $68K and if it were to reach $1M, it would obviously take quite a while and it's unlikely it would happen quickly.
I think and according to my analysis, it is estimated that it will happen in 5-7 times the halving period, or it could be faster or slower.

We just have to imagine expecting bitcoin to be 1 million if you count it today, because in fact we are very far away from that, talking about speculation, yes there is definitely a possibility for bitcoin to reach it, I don't know how many more halvings we have to go through to reach it, you mentioned 5-7 more moment halvings to achieve it, that's a good number choice, if it's 7x4, yes, in about 28 years, to be precise, maybe 2051 if you add the current year, we don't know what journey bitcoin will face reaching the year that, but it's your right to speculate that you have enough confidence that bitcoin in the future can reach 1 million every pieces.

I don't have a formula for predicting that number, I just hope that in the current bitcoin cycle bitcoin can reach a new ATH again, at least $100k more can be considered logical for us to achieve in the bitcoin cycle, I don't think about bitcoin being 1 million, because for me it will be tiring, 28 years I have to wait. :o

To clear the point about it being overpriced if it reaches $1m and people make large transactions person to person, I assume you know that Bitcoin has 8 decimal points, so it is not important for you to send the same amount of Bitcoin when the price of Bitcoin is $1m each that you send right now when the price if $30k, so if you send 0.03 Bitcoin right now, it might be worth the same if you send 0.0003 Bitcoin when one coin is worth a million dollars.

So that is absolutely not a problem, people will still be able to make transactions normally as they do now, the only difference will be in the size of Bitcoins being sent or received as the value will be dependent on that and it keeps changing over time, supply doesn't need to be very low for that at all.

Yes, we do have small units on which it would really be that understandable that price would really be not an issue since it would really be still able to make out or adjust basing up on decimals and we know that

we could still make out transactions with few satoshis if ever the price would really be hitting up a million per coin but just like the rest been saying that it would be somewhat that non realistic on this kind of approach
when it comes to this price knowing that the movement isnt really that something that could really be that too easy to break out those tough resistances on which reaching out high peak price even on $100k
would already be a challenge.

But well, we dont know on what the future holds on which it would really be just that normal that those things could neither happen or not and it would be all according to demand and recognition of the community.

all those who have invested so far certainly hope that they will indeed be able to achieve that, because with very high achievements it will attract all coins will also be able to reach the maximum price as well, so that it will continue to attract more and more enthusiastic investors.
The last ATH is at a price of $ 68K, if to achieve what you are asking of course we also have to take into account how many times it is needed and how many times ATH will occur to be able to achieve it.

but if your question is whether it is possible, I believe it will be able to happen but seeing the calculations above it is still too long to achieve that.
it is better for us to focus on achieving ATH which will probably occur in 2025 and it is not impossible to reach more than $ 100K.