UPDATE

[n2004al]

According to one of the studies done by one American analysts house, Bitcoin has a 50% of disappearing, and 50% of making it. Out of those 50% 0.02% are that Bitcoin will be a backbone of world financial system in the future and in this case 1 bitcoin would be worth $1M.

So yes, I guess we do have a chance. I mean even 0.02% is a chance!

Can you provide a link to this? I'd be interested inreading the analysis. Numbers seem a bit arbitrary though.

50% chance of making it? It already kind of made it. It is everywhere, used for everything, now only a larger userbase is what we need to grow faster.

Enjoy!

http://www.coindesk.com/wedbush-report-projects-400-bitcoin-price-by-2016/

This kind of report which offer to many data (even extreme ones) have not taken in consideration one very important thing: its decentralization. That mean that no one can cares for it. No one can command it. Bitcoin is like a newborn, newrace "frantic" horse which do what it want. Every model is make based in data taken from the market but not for things out of every kind of control like it is bitcoin. A currency without Central Bank or other Authorities which can regulate (not control like must be and like it is for every other currency) it; or at least to influence the markets where it act.

The above things make any kind of prediction or hypothesis very less probable to verified or to have some real point on it. For more when don't holds no clear stance. The article show the make of a very big voluminous work but you can find even sentences like that: "Despite a mostly positive outlook, Wedbush acknowledged that the price of bitcoin could ultimately fall to $0 or otherwise rise and fall erratically."

For what was all that work and all those calculations if is written such sentence? Where is the value of the work made? The only meaning of this phrase is that bitcoin can go even in zero or in every other value over the zero. Or in some of those. Always conclusions issued from data regarding a currency out of every kind of control. But who cannot have other values. If bitcoin is out of control it was enough that only of the factors taken in consideration from the authors go a little different from the one used by the authors to make their predictions and everything go down. Fact this that can be verified with big probabilities. Repeat: bitcoin is out of every kind of control. As such can do what it want. This fact bring new predictions. If will continue in this way bitcoin can have all the possible values.  If so, for what is needed the study. Everyone know this fact.

[1715662031]

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[1715662031]

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[1715662031]

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[amacar2]

I voted as yes but there is lots of thing that may change with time and also that will impact on bitcoin price. If quantum computer or so called DNA computer get into market than bitcoin will never reach that mark and i doubt it will eventually die. Lets hope it will not be developed within 10 years.

[tn211]

To reach that amount of money I think a lot of people need to use bitcoin that and that will be take a lot of time.

But who know mabe in 30 years can happen.

[Termin4tor]

I dont think it would ever reach 1 million in a lifetime. Looking upon the price of 1 bitcoin right its to hard to believe it would reach 10k also atleast.

[rally]

Impossible to predict.
I hope it goes that way.
It is possible if most of the big countries accept bitcoin as the dollar or the euro , ...
There should come out a hope more positive comments in the press. Then it will go up bit by bit and who knows where we end ...

[NordicRanger]

Say what you think!

No it will not. I know that people are hoping for something like this to happen so they will not have to work ever again. But I think it will not be that high, maybe in the thousands could be possible.

[hasiramasenju]

i have to says no and never and i'm so doubt bitcoin will reach to 1M$ even for next 10 years i think that is impossible for me
and the highest prices for next 10 years might be approximately $3000 but it could be less than that

[randy8777]

Say what you think!

No it will not. I know that people are hoping for something like this to happen so they will not have to work ever again. But I think it will not be that high, maybe in the thousands could be possible.

it's quite pointless at the moment to think about prices higher than $1000 while we haven't even managed to break through the $500 and the $600 price levels. thinking or dreaming about prices of $1000 is one thing, but thinking or dreaming about bitcoin reaching $1 million is beyond insane. all people should keep it real and focus on the $500 level now.

[Jmild1]

We need to get some sort of realization how to achieve a 4 digit number before thinking of a million value. We can achieve million value but I think it will take a lot of time it needs to be use for almost half of the world population. as many country has still lack of access in technology, 3rd world country as I lived here. Most of places still can't access computer and much more worst electricity so how can they use bitcoin if they don't have the tool to do so. Let's think of the basic requirements first on how to achieve this value.

[Kprawn]

We need to get some sort of realization how to achieve a 4 digit number before thinking of a million value. We can achieve million value but I think it will take a lot of time it needs to be use for almost have of world population. as many country has still lack of access in technology, 3rd world country as I lived here. Most of places still can't access computer and much more worst electricity so how can they use bitcoin if they don't have the tool to do so. Let's think of the basic requirements first on how to achieve this value.

My friend, Bitcoin is not responsible to solve infrastructure and resource problems. We leave those things to companies that specialize in those fields. I know Google are working

on Project Loon to solve these problems. https://en.wikipedia.org/wiki/Project_Loon ....Bitcoin already solved some of the financial challenges like enabling cheaper micro

payments and also making alternative options available to give access to people, who were previously unbanked. Once all of this is in place, we will see 6 figure Bitcoin prices. 

[rababo]

For me, I don't think bitcoin price would be increase that high. 1M$ is a big value and 10 years is not quite long time.
Maybe, in next 10 years bitcoin price would be increase high, but it wouldn't reach 1M$.

[DuckKeeper]

Say what you think!

No it will not. I know that people are hoping for something like this to happen so they will not have to work ever again. But I think it will not be that high, maybe in the thousands could be possible.

Yeah I agree, people are really hoping for this to happen I am not sure how big the chance is of this happening but is seems small. There is nothing with wrong with getting your hopes up but we have to be realistic.

[Mr. Big]

I think No, bitcoin's price won't reach that high...$1 million is too much...that's hilarious...price won't even reach 100k after 10 years..with the current situation that price drops whenever it gets high, then probably this will just be a continuous cycle and might only increase few dollars at a time and might not be noticeable..

[umaOuma]

I think No, bitcoin's price won't reach that high...$1 million is too much...that's hilarious...price won't even reach 100k after 10 years..with the current situation that price drops whenever it gets high, then probably this will just be a continuous cycle and might only increase few dollars at a time and might not be noticeable..

Maximum bitcoin can reach is $10k not more then that, we need to thin of a realistic value that is achievable and I don't think $1m is every possible for bitcoin to achieve.

[7788bitcoin]

To think bitcoin has already achieved the unthinkable- imagine guessing the price 4-5 years ago.

It definitely needs more time and I agree that bitcoin doesn't need to achieve $1M (current value) to be successful.

[Jasad]

no,i think bitcoin will never reach $1M price,even we all wait for 10 years,bitcoin will not reach that price,however bitcoin is crypto currency,its not familiar like any investement and payment,say it that gold and other value thing never reach that price.

[lissandra]

90% financial guess are wrong.

and the other 10% are just pure luck lol.

If I had a penny for every guess at each stage of from the btc prices every input i`d be rich by now.

but overall I think the price will hold at like $2k max in my view.

[justdimin]

90% financial guess are wrong.

and the other 10% are just pure luck lol.

If I had a penny for every guess at each stage of from the btc prices every input i`d be rich by now.

but overall I think the price will hold at like $2k max in my view.

This would all depend on the trend of the economy. Supply and demand.
It's true that 1M$ is overestimating the value of bitcoin as many of the users are already holding on to bitcoins and risking that the price will go up.
1 reason that this will not happen is that, say someone bought 100 bitcoins now, that's over $40,000. And in 10 years time, the total value of those bitcoins become $100M. Just how much do you think that will ruin the economy?

[Watercooler]

It will probably never happen, If we reach $10000 I would be already very happy

[Wapinter]

Say what you think!

Yes I honestly believe that bitcoin will be $1m in coming years although that will happen in next ten years seems not possible.Maybe in next 25 years or so