Chandler Guo : "Bitcoin could reach 1 million dollar"

[IsaacBitcoiner]

I believe it would take decades to reach 1 million dollar, that would give insane market cap.
On the other hand, I think that 10k is an achievable value for years to come. Perhaps in less than five years, if you ask me.

[MingLee]

I believe it would take decades to reach 1 million dollar, that would give insane market cap.
On the other hand, I think that 10k is an achievable value for years to come. Perhaps in less than five years, if you ask me.

$10k is definitely still far away. A lot of milestones are a fairly long distance away. Right now we're still technically in the recovery stage from back in 2015, and we're still $500-$600 away from the ATH. I would call that a recovery stage. Once we're within $300, then you can consider us recovered and back to a growth stage.

$10k in 5 years? Maybe. I think it might be a bit longer ways away than that.

[U2]

That was so poorly said, why bother even quoting it? Is this guy supposed to be famous or something? I don't get it.

There's no logic just HODL.

[jimbobway]

If bitcoin reaches $10,000 then anything is possible.  It's the inflection point we have all been waiting for.  Lightning network will expedient the flow of money from fiat to bitcoin.  Cheap and fast transactions.

[arseaboy]

If this will happen then everyone of us will be riches.. but I think it will take a lot of years before it does. For now, I'm hoping that it would reach $1000 and that is fine with me.

[TastyChillySauce00]

If this will happen then everyone of us will be riches.. but I think it will take a lot of years before it does. For now, I'm hoping that it would reach $1000 and that is fine with me.

before saying "everyone of us will be rich" then you should think how much of us are holding bitcoin until the price just reach 1 million dollars
people are always need to pay for their monthly needs and no guarantee "everyone of us" could hold for a long time

[TheGodFather]

this is hilarious hahaha if that's happen i guess the world blown up and we're not living in earth anymore . everychanges need some effect which is the economy should be balance to get all things work out. that's why we can't lose fiat system. we could use it both bitcoin and fiat system in everyday life. but if it's happen i would rather have the bitcoin as a digital currency but im happy where bitcoin's now.

[DrGuns4Hands]

i wish i could reach 1 btc before that happens haha iwould save my btc and wait til it happen. i will not work and im gonna get laid. 
I will build a house and travel the world, make some friends all over the world and i could also see santa in north pole haha. but 10k usd is enough for me for 1 btc and im gonna workhard to earn more btc.

[olubams]

Its really going to be a long way and even hard to believe at that but come to think of it who would believe that Bitcoin would attract the value that it has today about years ago when it first came? But I agree that the prediction is a long shot and even me I wouldnt believe such because of the recent developments happening among which are not limited to regulations, government interests in the coming in the nearest future coupled with various alt coins striving hard to replace bitcoin. These and many other reasons could be a long obstacle against bitcoin in achieving that feat...

[NeuroticFish]

If this will happen then everyone of us will be riches.. but I think it will take a lot of years before it does. For now, I'm hoping that it would reach $1000 and that is fine with me.

before saying "everyone of us will be rich" then you should think how much of us are holding bitcoin until the price just reach 1 million dollars
people are always need to pay for their monthly needs and no guarantee "everyone of us" could hold for a long time

Correct. Since the price will not get there overnight people will sell of theirs stash. And sell again. And again. It all depends on what everybody expects and how the market evolves.
At the end some will be rich and some will have stories about how they sold (or bought!!) at 1k, 5k, ...100k and so on, in the same way now some have stories about buying at 5$ and selling at 1000$.
Bitcoin has a wonderful future, and the present time is part of it already. Now, how long and how good the things will get, we cannot know.

1 million $ sounds like a lot. But remember, Bitcoin has enough space after the decimal point to allow denomination to something more bearable if necessary.

[Oilacris]

“But finally, I tell them, just go back and buy Bitcoin. A lot of people don’t have Bitcoin...Not too much. Only one is enough. If everyone would have just one, the Bitcoin value would go to $1 mln. When Bitcoin becomes $1 mln, the whole world would be crazy and everyone would love to follow and all the other digital currencies would just be the grandson of Bitcoin.”

You can see the video from a couple of days ago here : https://www.youtube.com/watch?v=Zh_mQl2B6es&feature=youtu.be (0:00 to 2:00 should be enough but you could continue)

Another  insane  speculation on which the  price  is  too unrealistic to consider. As others said  here if that  amount would reach  then we are all dead and  our grand grand sons would able to witness that  event but  i really dont think that  this  things would happen  because  saying $1m/bitcoin is  no joke and  assuming that all people  are already using  it  globally and  would be the mainstream for sure.

I agree, just releasing words without any substance in it.  I would believe if he will say bitcoin will reach 10k USD but 1 million, I doubt it, I can speculate that we are using other cryptocurrency or another cryptocurreny had replaced bitcoin even before it reach half of the value of what the video is saying.

He actually spoke about the 10,000$ too and he said we should reach that before reaching 1 million dollar. His statements aren't crazy at all considering that he is an Entrepreneur and he is one of the biggest miners in China and If you see what he said , It would make sense... If everyone buys BTC then this will be an easy task to achieve.

You do have some points but theres still no guarantee and we just do believe because it's being said by a famous people or whatsoever. One thing here is no one could able to predict precise prices of bitcoin on near future because we are just humans and no one could see on what's ahead speculations might be reach hence bitcoin has do really the potential but reaching $1m price is too unrealistic to believe, if that amount reaches maybe we are all dead on that time.

[deadsilent]

Maybe in my dreams that thing can happen. It doesnt even reach a thousand a piece. Its just making laugh. I dont really think this thing could happen. Too far from what i expected and too good to be true. If bitcoin still exist for about million years maybe theres a chance. But not sure if earth exist that time. Lol

[chesatochi]

Maybe in my dreams that thing can happen. It doesnt even reach a thousand a piece. Its just making laugh. I dont really think this thing could happen. Too far from what i expected and too good to be true. If bitcoin still exist for about million years maybe theres a chance. But not sure if earth exist that time. Lol

For now, the price of bitcoin is already good at the current price and is increasing slowly, I think it could reach 1000$ usd. But, at 1million dollar each bitcoin, I will be very happy and I don't think this would happen in the near future.

The time will tell what is going to happen of the valuation of bitcoin.

[clickerz]

There are possibilities for bitcoin to reach $10,000 but for $1,000,000 is very ambitious prediction. I think we can't reach that in our lifetime since $10,000 is difficult to reach as of now. Since he did not give a timeline, it is mere speculation in my opinion but I know bitcoin will continue to rise.

[CyberKuro]

“But finally, I tell them, just go back and buy Bitcoin. A lot of people don’t have Bitcoin...Not too much. Only one is enough. If everyone would have just one, the Bitcoin value would go to $1 mln. When Bitcoin becomes $1 mln, the whole world would be crazy and everyone would love to follow and all the other digital currencies would just be the grandson of Bitcoin.”

You can see the video from a couple of days ago here : https://www.youtube.com/watch?v=Zh_mQl2B6es&feature=youtu.be (0:00 to 2:00 should be enough but you could continue)

Another  insane  speculation on which the  price  is  too unrealistic to consider. As others said  here if that  amount would reach  then we are all dead and  our grand grand sons would able to witness that  event but  i really dont think that  this  things would happen  because  saying $1m/bitcoin is  no joke and  assuming that all people  are already using  it  globally and  would be the mainstream for sure.

I agree, just releasing words without any substance in it.  I would believe if he will say bitcoin will reach 10k USD but 1 million, I doubt it, I can speculate that we are using other cryptocurrency or another cryptocurreny had replaced bitcoin even before it reach half of the value of what the video is saying.

He actually spoke about the 10,000$ too and he said we should reach that before reaching 1 million dollar. His statements aren't crazy at all considering that he is an Entrepreneur and he is one of the biggest miners in China and If you see what he said , It would make sense... If everyone buys BTC then this will be an easy task to achieve.

Yeah, $1 Million seems too far far away from us now and talking about reach $1K is more reasonably as the price around $728 now.
there only 21 Million BTC will be ever exist and assuming there are almost 16 Million Bitcoins in circulation now (source : https://blockchain.info/charts/total-bitcoins) so just BTC5 left to mining. The price affected by supply and demand, governed by scarcity making bitcoin price flying to the moon. If everyone have just BTC1, the price should be reach $10K in 10-20 years but to achieve $1M, I can say impossible.

[Ayers]

Keep in mind that hyperinflation of the dollar can happen in the future. $1 million may only be equivalent of $10,000 of today's USD.

they were saying the same thing many years ago and does it happened i think not? the only thing that happened is that the goods now cost more, and you need more dollars, but the alue of the dollars is the same

[pooya87]

“But finally, I tell them, just go back and buy Bitcoin. A lot of people don’t have Bitcoin...Not too much. Only one is enough. If everyone would have just one, the Bitcoin value would go to $1 mln. When Bitcoin becomes $1 mln, the whole world would be crazy and everyone would love to follow and all the other digital currencies would just be the grandson of Bitcoin.”

You can see the video from a couple of days ago here : https://www.youtube.com/watch?v=Zh_mQl2B6es&feature=youtu.be (0:00 to 2:00 should be enough but you could continue)

this is worthless because all speculations like this who say bitcoin price to $X or $Y where X is a huge number and Y is a tiny number (like 100) are only big IFs which will always remain that big IF forever since their criteria for reaching that point is never met.

[yayayo]

Actually more interesting than his million dollar prediction is his assessment of the venture capital / banking scene around Bitcoin. In my opinion, Chandler Guo is a smart guy that (despite weak English) clearly knows what he's talking about. He's able to filter the noise and see the big picture. Besides that, I simply think he has a nice personality. One of the few strangers I would instantly drink a beer with...

His prediction might seem outlandish today. But if you compare it with the total amount of money and debt in circulation it's not unrealistic at all. However it is unclear within what time frame Bitcoin might reach such a valuation and whether the buying power of fiat currencies will be nearly the same as today when it happens.

ya.ya.yo!

[usefrees]

Actually more interesting than his million dollar prediction is his assessment of the venture capital / banking scene around Bitcoin. In my opinion, Chandler Guo is a smart guy that (despite weak English) clearly knows what he's talking about. He's able to filter the noise and see the big picture. Besides that, I simply think he has a nice personality. One of the few strangers I would instantly drink a beer with...

His prediction might seem outlandish today. But if you compare it with the total amount of money and debt in circulation it's not unrealistic at all. However it is unclear within what time frame Bitcoin might reach such a valuation and whether the buying power of fiat currencies will be nearly the same as today when it happens.

ya.ya.yo!

Yes, the most important thing - the timing, he did not say. It's a pity. Theoretically, we can talk about anything. Of course we would all be happy if his prediction was fulfilled in the next few years. And it is desirable to make it happen without any global financial crises

[edgar]

reading back through some of the comments here is interesting...

we'll never reach $1000, yet just months later we have sailed right through 1k.

10,000

100,000....

make it so!