Bitcoin will hit $1 million in next 5 to 10 years - PayPal director

[freebutcaged]

That means mining will be so difficult actually 500 times more difficult than now, because when you think

about it you'll see that if people could mine Bitcoin for less money spent they would.

By then when difficulty is so high but for what, use that much energy just to earn money.

I will however hold at least 2BTC no matter what the price is. lets hope price rises near $3000 for now and then we'll think about the future.

[Asrael999]

Mining is significantly more than a 1000 times more difficult than it was when the BTC price was $2.5, and also significantly more efficient on kW/hash basis. that said there is a breakeven where Block reward = energy invested in mining + profit margin, so yes price appreciation drives more energy spent on maintaining the chain, this is why at some point halvings wont result in price increases anymore - but in the meantime what's the excess energy capacity globally?

[Kotone]

This prediction will be successful in near future also the blockchain ceo confirmed that it will be at a half of miliion dollar will be price on every bitcoin / 1 bitcoin I think it will more be difficult to get bitcoins if this happens on that year.