1 millon for a Bitcoin is this fiction or reality?

[xuan87]

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

[alfaruq]

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.

[serjent05]

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.

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.

[chickenado]

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

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.

[nidacoinlove]

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

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. 

[The_Dark_Knight]

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

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.

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.

[reflector]

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

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.

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.

[sofi@]

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

[Seansky]

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.

[eann014]

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.

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.  But I don't want to expect, I am still happy having my bitcoin today.

[Mr.Anonymous]

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

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.

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.

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 . Irrelevant but I'm buying a lot of amount of Ethereum to increase my bag

[Odalv]

> 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

[aardvark15]

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

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.

[trobin]

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

[shata]

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.

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.

[hase0278]

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

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.

[iv4n]

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

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.

[cryptocrusher]

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.

[Wilhelm]

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.

[TastyChillySauce00]

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.

Hasn't happened doesn't mean it's fiction, for a flash information here's the exact meaning of "fiction"

literature in the form of prose, especially short stories and novels, that describes imaginary events and people.

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.