Bitcoin Forum

People says 1 BTC will be cost 1 Million do you believe in that?

It is possible and i believe that the price can be value at 1 million in a less year.  Too much demand of bitcoin the more chance that bitcoin can be rise.

this does look crazy and seems like an impossible thing. but if we see the development of bitcoin from the beginning then it all starts from a very simple thing. at the beginning of its appearance a bitcoin has no value and the price is so cheap. but after a few years we see that bitcoin prices have begun to show its strength and magic. I think if the price of bitcoin reaches 1 million then it is a miracle that is quite awaited by everyone.

In my belief, Bitcoins were powerful and could increase the price of 1 Million $. I can say this is because of what I have seen. From it it was established and up to now. It has been a huge increase in prices over the past 7 years. And think of seven years for bitcoins but we've seen her rise almost x10000. How else can I reach it for 30 years? or more? I can not say that, as long as we look at the beautiful developments today that will further strengthen the bitcoins. And that will be our basis for future bitcoins prices

I think it is possible for Bitcoin to reach 1 million and it is never impossible to reach that amount as well though time will only tell us when that will happen. We can't say it is reality though because it has not happened yet nor can we say it is fiction because it is not impossible also.

Maybe after few years BTC will change the whole world)

No, I do not think it will happen, ever. I believe that the price will be very high, but not that much. Maybe above 10K but it will not reach 6 digits in price.

No not possible.Many people HODL more then 1 bitcoin today you mean all of them will become millionaire.No ;D Bitcoin will take a lot of time now to even reach  10000$ considering the FUD it attracts.

For sure it cant be. Price can be higher than now? but 1m for 1 btc its just a dreams.

I think it's possible. But it takes long time to happen. Bitcoin has reached 4000 dollar from fee cents. So 1 million dollar is not a fiction.

Possible yes.

If many countries go the japan route then it could start to get into those kind of numbers. I would think 250k would be doable inside a year if the eu, us, china (total reversal) , etc all started being super pro btc.

Probable - we'll see

Yes it is possible as only 21 million bitcoin can exist in total and out of them many have lost access to their bitcoins so total existing bitcoin which is tradable is way lower than that 21 million.

Bitcoin total marketcap is still very low and there is lots of space for it to grow if we consider total amount of online transactions peoples are making everyday.

it is really very difficult to say, and to me it sounds very far fetched
or unrealistic to think or hear that it could be priced at $1m.

It can definitely climb a lot higher than it is today as others have
mentioned 10K or 20K but after that it would need massive adoption
globally to reach the golden figure of $1m.

How much was bitcoin worth in 2009? How much has it gone up since then?

There have been so many answers to that question. Even the most important people in the world of cryptos agree on that questions. Most forecasts I’ve seen predict between 100.000$ and a 1.000.000$. Some even more than that. And some other financial experts say that it is a bubble and that it will blow up one day. So there is no way you are going to know for sure.

I think this price is quite real in 5-10 years, but not now. Considering what volatility the market has in the long-term. But even if this forecast is 10%, will we be very upset?)

ah but Cryptohunter the most important word in your post is "IF"
why would the EU, US and China totally leave bitcoin alone to be
mass adopted, they would want a slice of the action in taxes I figure
its difficult to call this one.


in 2009 buying Bitcoins for $30 was easy, not so easy to buy 1 bitcoin now
and will be harder to buy 1 bitcoin when it reaches $7500 and so on.

when bitcoin first time to launch on 2009 maybe nobody thought currently will pretty expensive but nothing impossible in cryptocurrency and maybe someday it will happened but long time journey are necessary to makes bitcoin reach to those amount but i believe in the future bitcoin will worth more than $10k

a very interesting topic to discuss
I hope it can be a reality in the future
maybe this time is just a dream but in the future I believe it can happen

if it will hit 100k i wont eat my d on national televesion but it is a good signal that in 50 years could hit 1mili ;)

Remember this always, nothing is impossible  ;D

If bitcoin is ever going to be used by the masses, the price should get up to at least a million dollars, in order to give value to small amounts and so that a lot of people can own it.  I see it as definitely possible, but I don't think it's going to happen within the next few years.   But I've been totally wrong about crypto before, so my thoughts don't mean a hell of a lot.

Can you imagine how rich these people from Africa, the Philippines, and the rest of the poor countries would be just from presently working on sig campaigns--assuming they save it and don't gamble or whatever.   Campaigns will probably only pay a few satoshis, and unfortunately the network fees would probably be unheard of.   That's something I don't look forward to.

Hmm.. although it may seem a little bit too surreal or exaggerated at first thought, it really can be something achievable. The reason why I believe this can happen is because if you think about the history of bitcoin from the very beginning till now(which was from nothing to something big), it really has gotten far. And with every adversity it only got better. So I think a million wouldn’t be something that is impossible to achieve when it comes to bitcoin. Although we might not be able to reach that with our age, but i think it will probably happen some time in the future. Either that, or it becomes just a memory from the past in the future and soon forgotten.

if 21 million people use bitcoin and we are about 7000 million people that means when 7000 million people can use bitcoin each one can worth

if      21.000.000 ----> 4000$
   7.000.000.000 ----> x

x= 1.333.333,33 $

Hmm, It is possible, but it might take so many years.
The most likely to happen is around 10k-100k. So 1M is a bit too much, I think.
Well, I am hoping for it, too. Who wouldn't?

Yes, that is true.
I agree with what you say. but sometimes they often ask excessive, I don't know they are still true newbie or just make it up. but from most who make heading rank newbie, all questions tend to be silly.

I want to say impossible but the price spike of BTC over the years is making me question it.

I do not believe in such sky-high perspective but on the other hand who in 2010 was able to believe that bitcoin will be worth $ 4,000. Bitcoin has the ability to surprise. But for me the price of bitcoin is not the most important of its advantages. I like it and its present price.

if one could say that it would top gold market cap (some 7 trillion)  then the price of btc should be around 333k , some 1/3 of a million (if all 21 millions ever mined)

And we all know or understand (or at least only me) that it will not be like gold for the simply reason that hundrends or  thousands of crypto alt currensies will exist in the near future, offering exact same futures, or maybe even better than btc (i mean we don't really expect that state governments will not compete one way or another with the btc creating their own versions or new ones. )

just my 2 cents

PS ofcourse there is always the possibility that US$ collapse , taking with it the whole world , and then the US$ might devalue so much that 1 million might happen really soon, but buying power will also be different

But you did not say 1 million of what currency,you probably think of the american dollar which is lost in value and which will be further weakened compared to some other currencies.My opinion is that such high value of 1 BTC can be reached in future if it were recognized throughout the world as a legitimate currency of payment.Considering that some countries are working on their own development of digital currency I doubt that BTC have chance to become so powerfull.

I think it's still too exaggerated expect such high price because we are so far away from 10 000$ and most of us would be happy to see 100 000$ during our lifetime :)

if bitcoin cost 1million USD, that probably means it has massive application, and it would have probably replaced USD?

Also one rumor is that China will reopen exchange at the end of October, if this is true, the price will go through roofff.

That would make it 1.5 times more valuable than gold at current supply levles. That would have to mean governments were getting in on it but doesn't feel too likely right now but who knows what the future holds.

That's at current buying power. If bitcoin survives a one million dollar valuation is inevitable due to nothing but inflation.

That looks fictional, but if the entire world accepts bitcoin surely the price peaks high to certain level because of the limitations on the supply of coins through mining. If this happens in reality the entire population will be elite, but I don't know how the value will be calculated, because at present we valuate equaling it to USD.

Why ask? It is going to be what it is going to be. Perhaps less focus on predicting the far future and more effort on developing the here and now and we will have few issues around. But, of course you can do as you wish, but I think that this is the underlying issue that makes us an outcast in the true development world. We should focus on things which can make bitcoin value this much high in reality.

Definitely possible but not for quite a while I think. Maybe in about 10 years but not in the short to medium term future.

It's not impossible but won't be happening anytime soon. You should be considering the market cap and demand when expecting such value of bitcoin. And do keep in mind that bitcoin is still in its infant stage.

Certainly possible. But that would be at the point when the whole world uses bitcoin. We're talking billions of people.

So the real question is, can bitcoin scale to billions of users while lowering fees back down to the order of a few cents??

On-chain can never handle that many transactions. So if there is a secure, well designed, cheap, and easy to use off chain solution, in addition to more on-chain scaling in the future, then bitcoin can get to billions of users. Current prospect is Lightning Network but from what I've heard I think it is pretty up in the air as to whether that is the scaling solution we are looking for.


But if bitcoin can successfully handle the daily transactions of a few billion people, then yeah I think that could put bitcoin at around $1 million USD. It's definitely more than a decade out, maybe in the 2030's if it does happen. At the very least I think we'll be somewhere in the six-digits in 5 years.

It might happen if you are saying that it won't happening soon look at the bitcoin rate it is going high once again so expecting in the end of year it will reach to 10,000USD.

Yes, but by that time $1,000,000 will only be worth $100,000 in today's terms.  ;D

Yes, within 20 years.

It's a fiction for sure

"1 Million for a BITCOIN" It can happen but we need to be patient and wait for another decade. It will not happen in a matter of year or 2 years it will take time. There will be Up's and Down's for all the cryptocurrencies to surpass. Also, cryptocurrencies are not yet accepted to some other country. If you have faith in bitcoins hold them tightly and don't sell them whatever happens to the economy :)

Fiction more then reality. Cant say for sure it will be possible but for the moment this is really impossible we need first to get on some 10k 100k before we could even think to be on 1 million for single bitcoin.

This might happen but most likely that many wont see this price in this life time, its good for speculations but still unreal price to be at the moment.

McAfee has speculated 1bitcoin to be $500,000 therefore $1million is very possible. Bitcoin may become currency of the future and either way, were we are today is still at the infancy stage and bitcoin is not know by 95% of the world populations. Most of the online's mainstream retails and wholesales shops are not accepting bitcoin now as a mode of payment and I do believe because of the beauty of this technology and its important to solve most of the financial problems we are facing now there may accept it before next year, we may go mainstream before 2020.

Speculations really don't mean anything, regardless of who they come from. In the end, they're all just guesses (that may be educated ones). Right now, I think a good focus goal would be 10k. We don't even know if Bitcoin will hit this marker yet, so until we get to these baby steps, I think the speculation for the step above is practically useless.

It may be possible. Just this year, I didn't think that the bitcoin price would reach up to this point so anything may be possible even if it doesn't seem like it. If this were to happen, then those who were able to acquire bitcoins in the past are very lucky and in contrast, it would be very hard for people to earn even just one bitcoin at that rate. As of this moment, I already find it hard to acquire 1 BTC (unless you are rich) so what more when it has the value of 1 million.

Very possible for the upcoming year

Anything is possible with bitcoin and the 1 million price I think we would need another decade for the bitcoin to reach that value, well that is just my speculation on a million value, but I think the value to target first is the $5000 mark value, because it is the most nearest one to make it, well we can surely see it if it's not for the resistance right now, and the new that South Korea ban ICO had made the price very crucial right now.

It absolutely can't be 1 million dollars per bitcoin. We need to be realistis at this point even we're a nice supporter of bitcoin.

The limit will ve exist when bitcoin tries to climb up to the ceil.

I still think $100k is possible but $1 million per bitcoin seems over speculation.
I am a long term investor of bitcoin but we can make a lot more from trading those bitcoin in short terms than what we might get from simply holding bitcoin.

"No way Bitcoin could reach $4000 in the next 5-6 years" so many people said before 2017 but they were all talking out of their asses mate, maybe

$1,000,000/BTC is miscalculating the difficulty adjustments over time, with such a huge difficulty miners will require an amount of electricity that no

Country on the planet could provide, by then the cost of mining is so high that you could build a country with a powerful army instead of mining crypto.

I disagree. Maybe in the future it will happen but not able to so quickly. agree too much demand of bitcoin the more but when it rises higher price means it faces many dangers come from the technology

I believe it will happen. However we will take long time to gain that value price Bitcoin

The real question is if bitcoin winds up over 100k, or 1m, would you convert to fiat? I got in rather late in the game but will be cashing out as time goes on to at least recoup my investment.

It's too good to happen so it's impossible at the moment as we can see many news that more ICO got ban and the newest news came from Korea.
So if you have enough profit, you better to sell some of them since bitcoin still consider as risk investment so it's value will decrease unexpectedly

I think this is too much pernyatan because of the bitcoin for heading 1 millon this could become a reality but desperately needed a very long even tens of years we will be waiting with an increasingly price bitcoin continuously rise without any changes in the price of the bitcoin. as a user of bitcoin also I expect will be demonstrating the value of bitcoin high prices on a daily basis

Investment always has a certain level of risk, no type investment has not any risk when we invest into it. Even save our money in bank still have high risk if this bank is not the national bank and own by a business or company ;D

Any amount that will involved on something we weren't sure whar the outcome maybe is a risk, when deciding where to put ot do research and plans so it will not be useless.

None will be converting it into the fiat and the fiat looks very worthless in my opinion. But as you can see the bitcoin will never worth a million dollar for each. But this just related to the dream from someone.

For it to be ever be worth $1M people will have to be buying & selling them at that price.

It is possible but it would take many years for it to become a reality. 1 million dollar for a Bitcoin is a very high value so there will be a great resistance to it and would take a very long time to be reached. A very high number of demand is also needed in order to attain that price so Bitcoin must be known by many people. And these people should be holding some Bitcoins. If these are met, we might see Bitcoin within that range.

Yes it is possible only but it's take time to reach 1million doller and so 1 million dollar for a Bitcoin is a very high value so there will be a great resistance to it and would take a very long time to be reached. So Bitcoin must be known by many people. Then only  a 1 millon for a Bitcoin is not a fiction and its came reality.

I think that's too much but I am not saying that it is not possible. Maybe Bitcoin will only achieve that huge amount if it is already legal to most of the countries because the demand will surely be high when more people will use it as a currency. And if the demand is high, the value of Bitcoin will be expensive. But still, there'll many years to come for that to happen.

Possible but it takes a long ride, the price of bitcoin determines in the supply and demand of the users. it is derived by the number of people that want to buy and sell them. it will be good if it became reality in the future so for now let us wait and see.

Its a reality that could happen if we all play a part in bringing more people to use this technology but a million dollars for a bitcoin wont be happening for the next 10 years not until we have solid regulations to avoid people investing with fear in the back of their heads.

As far as the price consideration from 4200 to 1 million is nothing more than a fiction. I do not say it wont rise it will but not to that extend that it can become 1 million any time. Our first target of 5k is being pending from some time  now hope so it can reach in Oct and may be 10k will also be a landmark in itself. Hope to see some good rise in coming time.

Not in our lives, the possibility is there but it is not likely, so if you are thinking that you can become a millionaire with just one bitcoin then that is a mistake, right now you need about 230 BTC to be a millionaire in dollars, maybe in the next 10 years you could become a millionaire with 50 bitcoins but forget about becoming a millionaire with such a low amount of bitcoin.

I dont think bitcoin price will reach 1million dollars because that amount is very high. Even you wait forever and you die for sure it will not happen . Because for me the higest price of bitcoin maybe 30k dollars upto 50k dollars . But it depends always on the demand on the market if the price decreass or not. But I hope the price will reach 10k dollars in the next 2 years and continue to increase.

It's hard to tell because that's a huge amount of value for a currency, specifically digital currency. But maybe, it is somehow possible but in my opinon, it will only happen if and only if Bitcoin will be legal to all of the countries and will be used on daily basis and daily transactions because kn that way, the demand will surely increase as well as its market value that will result for Bitcoin to be that much expensive.

For a bitcoin to become $1million worth, do you know how much money has to flood into the market? There's not enough money in the world for that to happen. Unless the gov't around world pumps out paper money at incredible amount, and you all know what happens, right

Tldr; It's a pure fiction that a bitcoin will cost $1million. Not gonna happen. Never. Nada.

Well thats not true at all. There is MANY times more money in the world than the amount needed to make bitcoin worth 1 million dollars.

You are estimating a much less price from what I have read in an article, according to you at the price of 1 million dollars for 1 bitcoin the price of 1 satoshi will be 0.1$ but I recently read a news article in which it was written that for the price of 1 satoshi to become 1$ bitcoin price should be $10 million and thus we an aim for that only on case when masses are investing their money in bitcoin only. And i dont think that this is going to happen too soon as right now the early adapters are also not fully confident in holding bitcoin due the spreading FUD.

The 1 million Bitcoin is too much in my opinion. I do not even think that Bitcoin will reach $500k.  Price increase have resistance like number of competitors that will share the market, the FUD that will stay to pull the price down, owners belief and the sell outs and whale manipulation.  I also do not think that computing the number of population or the market industry divided by the total number of coins is the correct way to compute prices.

That is not true actually... Only if you count derivatives, you get 630 trillions, which divided by 23 Mln would mean 27mln per bitcoins.
In any case, the value of the money in the world is 63 tn, which, if it was all going to BC, would make it worth 3.6 Mln. So, if BC manages to get just a 25% of money market could be worth 1Mn.

If on the other hand we can steal all the gold market, it would make each BC valued at 350k.

So... 1Mn is possible, alas quite hard

Source:http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/ (http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/)

That is insane, and it will never happen.. lets go people.. why are you so optimist about bitcoin ? you should better fall from the sky and understand the reality, bitcoin is never going to touch one million dollars, that is insane, i have never read to something like this before.. It is below $5000 right now, and you expect it to go to $1.000.000? seriously? imagine how much will be the marketcap if it goes to that price, uncalculeable.

$630 Trillions of derivatives are not WORTH $630 Trillions. Th that's just a number on a paper. I can issue you a note with $630 Trillion written on it, but is it really worth $630 Trillions? Nobody in his right mind would think it is.

For a bitcoin to be worth $1 million, the total market cap has to be $210,000,000,000,000. Now you tell me where are all these money going to come from?

The logical thing would be to think that a million dollars for a bitcoin is crazy, at least for now. But seven years ago, thinking about a bitcoin at $5,000 was practically impossible, because otherwise every bitcoin enthusiastic would have decided to hold their coins, which did not happen and that is why we see so many regrets today.

It is true that under the present circumstances it seems almost inconceivable that the price of bitcoin reaches such high prices, and I actually doubt it, but after the great surprises bitcoin has given us over the years, I believe that the btc deserves the benefit of the doubt. In the meantime, it is best to continue to work hard to increase our bitcoins and hold.

You have 1 too many zeroes there. It's 21,000,000,000,000. The market cap of gold is over a third of that. But you can't readily send gold around the internet to buy things or to send money to people. Bitcoin is like gold in that it has pros as gold (store of value, hedge against bad economic times and inflation) but can be used to buy things or send money to people quickly and cheaply, which makes bitcoin much much more useful than gold as a commodity. So bitcoin one day having a market cap triple that of gold is certainly possible.

Maybe it is just an imagination. We don't still know what will happen in the future. But if that’s happen, well that's good for us bit coiners who earn to have a bright future. I am not hoping for 1 bitcoin will become 1 million, I am still contented on what bitcoin have right now.

I dont think bitcoin price will reach 1million us dollars because that price is very big.  and I dont think the price will become 7 digit maybe 6 digit only is the hoghest price. As of now the price of bitcoin is 4300 dollars and if you compared the price of bitcoin in 1 milllion dollars is very big difference. But I hope the price will become more than 10k dollars so we can make a lot of money.

Although it's too good to be true but if bitcoin show a promosing progress so it's possible to happen , it's just a matter of time
Bitcoin is unexpected investation that ever been made so I keep hold my most of bits for maximize my profit

Indeed.... I stand corrected (but also talks cheap ;))
I see gold losing ground if bitcoin becomes more 'regulated', though not sure to which degree. I really think nobody wants to deal with gold if they can, it is seriously a pain.
All in all, if BC takes a good chunk of gold and a good chunk of currencies space, and a good chunk of stocks trading (really that is the way it is moving, alas less in the currency space) 1Mn is not impossible (but unlikely in my lifespan I think)

Yeah definitely the main thing pushing bitcoin adoption right now is that it is used like a stock - an appreciating asset to invest in. And that's perfectly fine, quite frankly it wouldn't be getting adopted otherwise. And yeah likely it will siphon off part of gold's market cap, as well as when new (young) investors are looking for a hedge against bad times rather than choosing gold like people used to they will mostly choose bitcoin, making bitcoin the gold for the current generation. Currency is the last thing that is going to come because it requires a somewhat stable value, and that can only happen when the world has embraced bitcoin on a mass market scale. Until then its just gonna be too volatile.

Anyways, these three things means I think bitcoin definitely can reach a million dollars, though of course it isn't assured. I think it wouldn't take too long, maybe 20 years. I expect it to hit $100k in 5 years, maybe $500k in 2030...1 million could happen in the late 30s, if bitcoin is the dominant crypto still and nothing has come along to replace cryptos.

It is definitely possible.

The fact is that hyperinflation is especially dangerous and could happen to any country at any time. If it happens to the US, and people start dumping their fiat to get their hands in some bitcoin then $1 million would be no big deal here.

But then, $1 million would be worth significantly less than it currently it is worth.

That's too impossible for me to think it for now but again I can't be so sure. There's only two things that btc can go which is continue to go up or go down. I'm sure that fluctuations on its price will still happen every year so no.

Yes this is possible because upcoming era is the era of bitcoin and its price maybe will cross above million so believe In it and if this happen so investor who invested in good times will be in good situation but new comer will not invest because million is so high price so maybe if it will be declared as global currency then it price may beyond the limits.

Very optimistic for you forecasts. I want to believe in it, but I can not help it. It seems to me that the price of bitcoin can not be higher than 25 - 30 thousand dollars. At the same time, the capitalization of the currency should be very high

Price of Bitcoin is increasing at a very fast rate  but i dont think it is possible that 1 BTC will cost $1million .No doubt its demand is increasing and people are taking interest in it but for 1BTC to reach $1million it has to be declared as the world's currency and the only currency for financial transactions .$1million is a dream figure for all the Bitcoin holders and if 1BTC will reach $1million then it will be like a dream come true for all them as they will get very huge profits.

Total market cap ~ thousand billion dollar normal with a currency can become famous in future. If Bitcoin can use anywhere and get accept from the government, that the future can happen.

$1M/BTC is possible, but HIGHLY unlikely. I'd be happy with 10%ROI year-over-year to be honest...

Frankly speaking this thing would really be a fiction.Im a believer on bitcoin but setting up  exagerrated assumptions for this kind of price range isnt right anymore.Thinking off if 1 btc is a million dollar cost,what would be the total of its marketcap?For sure it would surpass all of the local fiat currencies all over the world and i would like to ask,is the government wont do such act? For sure they would.

I think there would be a possibility for bitcoin to be valued at 1 million usd, however at that time, the buying power of the petrodollar might be so low, that bitcoin is already replacing all fiat to become world currency. I think there world then, already had experience a financial crisis, if we look at what's happening rigth now to zimbabwe, bitcoin is cosidered millions in their fiat, simply because their fiat had lost its buying power, i think that will be the scenario, if bitcoin is valued to 1 million usd, right now it might sound ridiculous, but if you check on other other countries aside from the us, you will say it is plausible, and soon it might be a reality.

What gov? Act how?  I assume you mean America and they actually do not rule the world.  Brutal inflation happens pretty often the idea it will not is going to decimate people..

I seriously believe that a day is coming when one bitcoin will actually be equal to $1,000,000. Many people are buying into the ideas of blockchain technology and the demand for bitcoin keep on increasing day in day out and if we sustain this great momentum we are having, then in few years from now we may achieve that price.

That's too much for a bitcoin price, maybe a profit to every investor but not bitcoin value will come to that scenario. It will remain a fiction and not a reality for all of us.

I have a strong feeling that this is going to come, it doesn't matter to me on how long I should wait but I believe that this is going to happen. Early investors and adopters didn't even think that bitcoin will reach $4,000 because it's too high for their expectation. And the same thing for us, it's quite high in our mindset but who knows maybe after 5-10 years we'll see it happening for real.

I don't think btc will reach 1m in any of our lifetimes, it seems like too large of a rise.  I hate being wrong but I really hope I am wrong!

I don't believe in such results. The growth of prices of bitcoins will continue but not to such an extent. It seems to me that bitcoin now is an indicator of inflation of the dollar. As soon as the American government will feel the pressure of bitcoin on the dollar, they will start a war with him. It is not known who else will win this war.

Besides how many people rare going to resist the temptation to sell way before that, it is impossible but if bitcoin reached those prices I know that I will probably sell when bitcoin hits 100k, I do no have a lot of bitcoin but I know that if bitcoin reached that price my life will change immediately and since that is exactly what I want of bitcoin then I know that I will sell at that point.

I won't say that $1M/bitcoin will never happen, but if it ever does, it's going to be a very long time from now.  I think bitcoin still has a lot of potential to rise a lot over the next few years, but at a certain point, it becomes harder and harder to keep bidding up the price because there's only so much money in the world.  $1M/bitcoin would mean a market cap of $1M/bitcoin x ~20M bitcoins = $20T.  That's a little more than the GDP of the entire United States.  The only two ways I can reasonably see that happening (other than waiting hundreds of years) is 1) a large enough country actually adopts bitcoin as its official currency, which I don't think is going to happen, or 2) the USA goes through a period of extreme hyperinflation, which results in a much weaker dollar and thus a much higher bitcoin-USD exchange rate.

It can be reality but it will need huge amount of transactions volume and a lot of users to use Bitcoin, but from the present circumstances, the chances will be less than 1% that it could happened, if the price is too high people will hesitate to invest in it, they will choose another cheaper coin to invest

It could happen in the future if more countries are legalizing the use of bitcoin. Nowadays a growing number of companies and entrepreneurs who use the services of bitcoin, this will make the price of bitcoin will be higher.

For now it is a fiction.  It will become reality if it comes true.  Something that does not exist or never happen is not reality.  Though it might not happen anytime soon, i also believe it will in the next century.   So bitcoin for a price of 1 million dollar is a fiction today.

In that case it might happen,I guess because people are trusting bitcoin already though they are a few of them but at least they keep on using bitcoin. One million is really big but who knows those promising millionaires are now becoming hopeful for this thing. Chances are quite easy for investors who are for long term holders and a trader itself. It isn't a fiction if only the person knows well about bitcoin,I mean every detail of it. After which,it will become a reality soon.

Currently the ratio of people using bitcoin in the world is too tiny. The price will never be an issue to attract people from investing into it. People were hesitant when it was available a bucks, now everyone knows about it's potential. It is currently fighting with the old or traditional financial system and we can see it's price growing high which indicates that bitcoin is progressing. With the passage of time the ratio of people using bitcoin will increase further and no doubt bitcoin value will be a one million.
Bitcoin price is determined by it's demand. The higher the demand the higher will be its value.  ;)

This is why it is difficult to answer the question even if bitcoin eventually was that valuable in terms of dollar if a million dollars from that time buy the same as 5k today then bitcoin did not made a lot of progress that would mean that bitcoin did not move at all from the price reached some weeks ago, that is why we need to find another benchmark to compare to bitcoin in order to know its true value if that happens since comparing it to the dollar is going to be useless, like how many bitcoins do you need to buy an average house in your country.

We all knew that bitcoin price so volatile and it use to fluctuate all the times. Now the TD is good for bitcoin and value is increasing bit faster than last month. Anyone can expect the bitcoin in higher but according to the marketplace reaction only value will be defined.
From my side, I think we can see 5k in this year end not more than that.

This can possibly happen if full acceptance of the government will be given to bitcoin, if the country will have bitcoin as their main currency or even major currency of the world then bitcoin needs to sustain the growing demand and must have enough supply, and knowing the fact that bitcoin has only limited numbers in the circulation the only way it can provide for supplies is to increase the demand which can possibly a cause for 1 BTC = 1M

That is really possible but it happening soon or sooner than we expect is highly unlikely. Btc will probably take decades more before reaching that price. For now it is a fiction and acceptance of government and people is not enough to make it a reality. It also does not need to be the main currency to achieve that price. Instead it only needs to be as a substitute for credit cards and must have a constant stream of demand in order for the speculated price to be seen in reality.

Yeah I agree, it is really impossible to think especially this early? Bitcoin price is far from 1 million is you compare it today. It is far to think that bitcoin price can reach that amount, but if its possible well that is also good.  ;D But I don't want to expect, I am still happy having my bitcoin today.

Really? Now, current price of Bitcoin ~ $4,800. I think it will breakout $5,000 again and continue to increase its value and make other cryptocurrencies dump to the hell ;D. Irrelevant but I'm buying a lot of amount of Ethereum to increase my bag ::)

> 1 millon for a Bitcoin is this fiction or reality?

There are only 2 possible outcomes
 a) ZERO
 b) 1,000,000+

but I do not know time constraints

Technically it is possible that 1 Bitcoin could eventually be worth 1 million dollars, I doubt it would be in our lifetime. If you think about how the US dollar can buy less every year because of inflation, this means the US dollar drops in value every year. At the same time that the dollar drops in value, Bitcoin theoretically will increase in value every year because there is a limit to how many there will be in existence and the mining is getting harder. Also, Bitcoins are constantly lost and can't be recovered. So over time, Bitcoin should continue to increase in value compared to the US dollar. If they are both around long enough, 1 Bitcoin should eventually be worth 1 million dollars.

I think it is possible but highly unlikely, bitcoin would have to be the currency of the world which would mean that USD would be rendered somewhat useless and would then depreciate meaning the price of bitcoin relative to the dollar goes upwards and eventually to $1m usd

It's so amazing to become one of those millionaire with bitcoin, and that riches might be able to provide us good future in terms of finances. So those those who holds their btc balances might be able to gain and acquire this great opportunity that bitcoin has nowadays, specially the price now is at nearly $5k.

There is a possibility of it happening but in reality, the chance of it to happen in the future is very low. Even with acceptance of government, I doubt if bitcoin would ever reach 1 million dollars per btc. If it will happen, it would take centuries more where supply of bitcoin is scarce because of many lost bitcoin that can't be recovered. It would probably take 2 or more decades for it to happen.

Good question, is it fiction or reality? We need to stop and think about it, cause this question opens many others.
Yesterday I saw post on Twitter, someone with name Warren Buffet is making predictions about bitcoin, altcoins, and yesterday Twit is about bitcoin will be for saving, ETH will replace all smart contracts, and ltc will be currency. Now when I connect this two posts maybe 1 million dollars for 1 bitcoin is possible if all the people start to save in bitcoins, that is possible theoretically.
Well take my post with reserve, I'm just thinking out loud here. For me that price can be reality in the future, if all the things arrange in the right way.

Well the fact it hasn't happened yet shows that it's fiction. And realistically the likelihood if it ever happening is minute at best, that isn't to say however that it can't happen. It would just require everything to go pretty much perfectly in terms of bitcoin progression and adoption.

Thee are 17 million millionaires and 2000 billionaires so given 100% adaptation by those people and $1M per BTC isn't ridiculously high.

But my gut feeling says it will take at least a decade to get there.

Hasn't happened doesn't mean it's fiction, for a flash information here's the exact meaning of "fiction"
If you see above, fiction is basically an imaginary event, but, bitcoin still have the chance to worth $1 Million dollars, why? because it hasn't happened yet, that's it. There are still many possibilities for that to come and by seeing the significant growth of bitcoin as well. By that, you can conclude that bitcoin to worth $1 Million is not an imaginary even unless there's no chance left.

You are basing that like you said on United States alone which we both know is impossible since the adoption is going extremely viral worldwide and so many decisions by the top guys will definitely cause a huge spike more than we can imagine.

Even though I am sure Goldman sach has been trading bitcoin even though it is solo, but do you know what the announcement of making it official would be like for the community, and also create some awareness for a whole lot countries globally?

I am an avid believer of bitcoin but based on what I have seen and observed, 1 million is more than twice rate compare to its current value. I didn't say that this could not be possibly happened in the future but as of now this is just only a fiction for it is not easy to earn 1 bitcoin so I guess it is not that fast to reach 1 million. Maybe it will takes more decades before to reach it.

This is going exponential.  It just might make it to a million per bitcoin, and sooner than anyone thinks.

We are potentially at the beginning of the wave that will sweep our lives and culture like the internet.

Maybe we will lose it all.

Maybe it will just break even.

 ... And Maybe it will make anyone with just one bitcoin a multi millionaire. 

In such reality bottle of Cola will be 100$. But anyway it is possible if BTC will be #1 currency and USD hugely dropped.

Oh, I think hyperinflation is coming. 

The increase in dollar/BTC value will include some factor of hyperinflation.
The increase in value will also be in the preservation of value in a collapsing dollar.  (maybe same thing as above)
And the increase in dollar value of BTC in dollars will also be in the world wide attempt to preserve and protect wealth as would be done with the investment of gold.  The "petrodollar" is doomed.   The world reserve currency is no longer going to be the USD.

Probably some combination of all, and this is just another factor in the blast off we have seen this last 16 months in the price of BTC.

The cold hard truth is that those with the balls to HODL will probably be the one's calling the shots in 10 years.

I'm pretty sure it WILL happen, though I doubt any of us would be alive by then.

Absence of proof is not proof of absence. There are a lot of people who claim that Bitcoin will eventually be worthless. But they can nec3r be proven wrong because there is no timeframe which has been specified.

It is important to have a realistic target.
I would aim at 100,000 in the long term. Here is an article that explains how it could reach 100K:
https://www.cnbc.com/2017/05/31/bitcoin-price-forecast-hit-100000-in-10-years.html

How will bitcoin hit $100,000

Here's how he came up with his price target in 10 years.

Van-Petersen is assuming cryptocurrencies in general – not just bitcoin – will account for 10 percent of the average daily volumes (ADV) of fiat currency trade in 10 years. Foreign exchange ADV currently stands at just over $5 trillion, according to the Bank for International Settlements.

Ten percent of $5 trillion is $500 billion. This is the ADV that cryptocurrencies could have. Bitcoin will account for 35 percent of that market share, which would that $175 billion of the $500 billion figure, he said. This would mean that $175 billion worth of bitcoin would be traded every day

Also, Van-Petersen then implies that bitcoin's market capitalization would be ten times the average daily volume, giving a figure of $1.75 trillion for the market cap. The current figure is around $37.8 billion, according to data from industry website CoinDesk.

Bitcoin has a limited supply of 21 million which is expected to be reached by the year 2140. In 10 years, the analyst thinks that there will be 17 million bitcoin in circulation, up from the current 16.3 million figure.

If the potential 17 million of bitcoins in supply is divided by the $1.75 trillion market cap estimate, then each bitcoin would be worth just over $100,000.

Bitcoin 'not a fad'

Van-Petersen – who owns bitcoin – emphasizes that this is a rough calculation but that his growth predictions could be "conservative" given that in the year 2013 alone, bitcoin's price grew over 5,000 percent. The analyst said that cryptocurrencies will survive in the long run.

"This is not a fad, cryptocurrencies are here to stay," Van-Petersen told CNBC in a phone interview.

"There will emerge two to three main ones. Bitcoin will be one of those. And the reason is the first-mover advantage, the scale and the pioneering."

Bitcoin's bad reputation

The bitcoin industry has had its fair share of problems and reputational damage. The digital currency has often had an image of being used for illegal means such as buying drugs online. The collapse of Mt.Gox in 2014, once the world's largest bitcoin exchange, is still fresh in the minds of users. Some members of the exchange are still waiting for compensation.

More recent issues include some exchanges not allowing people to withdraw their money in fiat currency. On top of this, the view of bitcoin as a currency for criminals is still prevalent after the major WannaCry ransomware cyberattack saw hackers lock peoples' files and ask for bitcoin in exchange to unlock them.

Still, Van-Petersen says that the industry is still extremely young and big improvements will come. A few factors will boost bitcoin adoption including better wallets, easier methods to buy the digital currency, use of it for money transfers in areas like remittances, as well as citizens of countries with volatile economies and currencies buying it.

"Volumes are going up, volatility is going down. A lot of people talk about the volatility, but if you are in Zimbabwe or Venezuela, this volatility is nothing. This is the interesting thing to me. I think in the West, a lot of people view it is as speculative, but emerging markets will get it, their needs will be different," Van-Petersen added.

While Van-Petersen is offering one way to value bitcoin in the future, others say that there are other factors to take into consideration.

"It's one way of slicing the pie to try and predict future prices which always relies on a lot of assumptions," Charlie Hayter, CEO of industry website CryptoCompare, told CNBC by email.

"Equating volumes to price value is one method of attempting a valuation, but it doesn't take into account the fundamentals of the ecosystem."

The fundamentals of what bitcoin is capable of from a technical point of view and how regulation is molded around its use will determine its value too, Hayter added.

The Winklevoss twins (those originally behind the Facebook idea) also predict great future for Bitcoin, $100K value per coin.

Possible but right now that is a long way off so it's just fiction right now, even $100,000 is a bit of a dream right now.  Let's ask this question again this time next year and it might seem a bit more attainable.

Sounds great.
I can only tell from my experience, but I was recently working in the sportsbetting industry, and many governments in Europe regulate and control the gamblers more than ever before.
In Greece, some banks forbid a bank transfer to foreign banks. In Turkey, kind of the same. Banks now contact us for transfers as small as 300 Euros.
Result is: more and more bettors (and from perspective I could see it) use bitcoin. As sports betting is getting very big, betting in Bitcoin should be very normal in the future. The demand will grow for sure.

Why nobody thinks about the reverse side of the medal? Bitcoin can go up in price. Or we build a pyramid, and someday the price will fall to the bottom or by the growth of bitcoin prices, we see prices falling dollar. So I am skeptical about rising prices. I think that this is a deferred payment, and someday we will have to pay the full price.

I openly accept that BItcoin would have a very good value in the future but not something like a million. One bitcoin having the value of Bitcoin is pretty much hypothetical. It is not only with me but many would say it isn't gonna happen.

Do you mean people speculate too much on Bitcoin?

That is right! At now, the price of Bitcoin is still can not breakout and reach its target at $5,000 and $10,000 for this year. So why do we should predict a far future as 1 million for a Bitcoin? I do not think it is useful when Bitcoin still can not complete small target.

the dollar must be completely worthless for that to happen. with the current value I don't see how that's possible

I believe almost $5000 within 7-8 years was a fiction back then in 2009/2010. No one could have believed the growth would be this rapid. We cannot really predict if it is possible or not, but anything is possible which pretty much would occur with a huge adoption than we have now, though may take a longer time. There will always be some little bit of jagged edges along the line, but it is normal and will survive.

I don't actually think it can reach that level at any time because no one would be able to buy it if millionaires are not interested in it no one would want to buy it because no one has 1 million for 1 coin.

Haha, I think we can not have time to see the price of Bitcoin reaches to this target. 1 million dollars for 1 Bitcoin is possible, but important, Bitcoin needs to has a lot of time to develop and grow. Beside that, the government still have not any decision for Bitcoin, we need to wait their decision to see the next move of Bitcoin.

I don't think it would reach that high. My prediction would only be at $50,000 for the next 20 years.But 1 million? That's too much. Bitcoin:s price will be extremely high when all bitcoin will be mined. By that Te the value gets too high because the demand is high and the supply is low. Better to start saving 1 bitcoin today. Be sure to take care of your health so you can still enjoy it. LOL.:p

But the market, however very unpredicatble, is still driven by the supply/demand. A lot of people noticed that buying bitcoin can make them profit in the future, but bitcoin is still mostly community focused with occasionally mainstream outbreaks. So now, with more and more people coming and getting interested in bitcoin the price will be raising, however what possibily worries me is the moment when the whole world recognizes bitcoin and every person on earth will start buying it. On one hand the high demand can make bitcoin very rare asset, thus creating a high price, but on the other with everyone getting interested in bitcoins it can lose it's investment value and become mainstream enough to land stable on some higher, but rather medium price and stay there for longer time. I mean, forex currency trading right now is about difference of $0.001 a day, when with bitcoin we are talking about even $1000 difference a day. Once it goes stable, people will lose interest in it.

Next 20 years is far future, you and me are don't know Bitcoin can alive till that time or not. But I also suggest we should keep at least 1 BTC in our wallet if we can do that without any trouble about your finance, it look like as an amount of money saver for future.

Yes i do believe in that. Due to unending support by the investors.
You know bitcoin price rely on the supply and demand, so since bitcoin is having more investors the value of it is getting higher. So to those altcoin if they got high investors or big investors surely they will have the same with bitcoin too. And this is the reason i see bitcoin crossing all the boundaries.

Though it sounded like a dream. It's possible that it can happen. Should $7K btc value now, once considered impossible but now a reality.

It is kind of myth according me. You have to believe Satoshi's words that he speculates the bitcoins the value would be 10k USD in 2025. For 1 million USD you have to wait till more than a 25 years atleast to find the bitcoins in the that cost.
You completely in dream to expect the altcoins value in sky rocket like bitcoin but it may get vanished out from the chart completely too.

I also think the same as well. If one million bitcoin prevails I don't know what will happen to the miners and investors maybe they keep on selling it so that they can start a new life. I cannot afford that big and where can get my funds with that amount knowing that I have my family to support regularly. I can't live without it since I'm getting used to bitcoin in everyday living. It helps my health condition to get better and I can't work outside in a regular job by now because I need to wait for my turn and I worry if one million will become real. I hope it's only a fiction.

we all wanted to really have a good return o investment went it comes to bitcoin, knowing that it is highly volatile and most of us do want bitcoin to prevail as the dominant currency this world had seen, but 1 bitcoin reaching 1 million i think is far from fiction, however we should also consider other things, if bitcoin reaches 1 million usd as its value, the us dollar will become obsolete, it will only mean, one thing, the supply of bitcoin has decreased already and there might be shortage, we should not forget the law of supply and demand still applies, if bitcoin reaches that high and only a few could afford having 1 bitcoin, then other altcoins will be next currency and bitcoin will be another commodity like gold, if we look back gold was the dominant currency before but then came silver and copper coins, and gold became a commodity, that's why every paper note back then was backed up by gold, if it happens to bitcoin, the question will be, is fiat still alive and what altcoins are we going to use as standard in checking for the price of bitcoin. i think there is no doubt that bitcoin will reach 1 million usd but at what cost, will fiat be obsolete and what other altcoins can we use to check the price of bitcoin.

I agree. In cryptocurrencies, there is nothing that is truly impossible because of its supply and demand feature. I believe it will happen in no time, and I am hoping its value will again reach another milestone in the coming weeks. The high demand of Bitcoins as contrasted to its limited supply makes Bitcoins really expensive. I guess this is what Bitcoins are all about.

It's just a fiction. If they want to pursue that, well they need to plan a massive manipulation to make btc price go that far. I think btc can only go between $100k to $200k.

It's already a very nice target ! If BTC go to this level, even if I have very few of them, I would be so happy :)

Centainly, although you just hold a small amount of Bitcoin in that time, but when you convert to FIAT, 0.1 BTC in that time still enough to buy many things. Example 1 Bitcoin = $100,000 => 0.1 Bitcoin = $10,000 lol, you can see its value will higher than current price of Bitcoin.

1 million for me is too much for one bitcoin, I think in a real dream world we might reach 100k per bitcoin but not 1 million.