Bitcoin for $1 Million !!! In ten years?

[aardvark15]

On the surface, this sounds crazy. However, about 6 years ago, Bitcoin was trading around $100 or less. Even after this crash, Bitcoin is around $10,000 which is about 100 times what it was 6 years ago. Bitcoin would need to increase to 100 times what it is now in 10 years to reach $1 million. Even though it may be unlikely for that to happen, I have to say that it is possible.

[Firefox07]

I don't think bitcoin will reach that high. There are so many challenges on the way of bitcoin. Like fake news about bitcoin and countries banning it. But if bitcoin will overcome those challenges that will stand its way. I think bitcoin will grow even more. But not $1M. Maybe a hundreds thousand dollar.

[airdagon]

never cut it out that does not make sense of it, you think too much about prediction and always count your chickens until they hatch. we may ask for predictions, but with a note to be reasonable! do not ask for future predictions or 10 years from now. prediction is a prediction and in my opinion no one can answer it, let alone the price in the design fluctuate this, do not ask something that is still far away. just try to ask if anyone can make predictions in this year? will be at what bitcoin price this year? IMO this year alone is hard to guess, let alone predict the years to come. we focus first increased performance this year because I think the results or future profits depend on the current performance.

[gabmen]

I don't think bitcoin will reach that high. There are so many challenges on the way of bitcoin. Like fake news about bitcoin and countries banning it. But if bitcoin will overcome those challenges that will stand its way. I think bitcoin will grow even more. But not $1M. Maybe a hundreds thousand dollar.

Fake news will eventually be overrun. And not a few believe that btc will actually hit that 7 digit mark sooner or later. Though i don't know how exactly tgat can happen, i think btc has the potential to do wonders that we don't expect. Acceptance and adoption would be the key for bitcoin to reach that amount and it's remotely poasible

[aeternus]

That's a really high speculation I mean I get it bitcoin is unique and with the limited supply it could be worth way more in the future but 1 million can take 20 years or even more until people make a shift from gold to bitcoin
Only one problem is who would demand bitcoin ay such a high value?

Most part (54%) of people posessing bitcoin now ,  keep less than 0.001 BTC on their wallets.    Another 36% keep from 0.001 to 0.1.

And only less than 3% from them have more than 1 BTC at their disposal.

1 satoshi is one millionth part of Bitcoin, so even poor people will be able to own a part of Bitcoin when it reach $1 mln. 

It will be interesting to get the source of that data, if that is true then most addresses contain almost no bitcoin, which is not surprising since the distribution of fiat should be similar but it is something I was not expecting, if those statistics are correct then that means that most people in the forum are way above the average in their bitcoin holdings and that maybe in the future our holdings will be worth a fortune.

[Warren Buffert]

I don't think bitcoin will reach that high. There are so many challenges on the way of bitcoin. Like fake news about bitcoin and countries banning it. But if bitcoin will overcome those challenges that will stand its way. I think bitcoin will grow even more. But not $1M. Maybe a hundreds thousand dollar.

Fake news will eventually be overrun. And not a few believe that btc will actually hit that 7 digit mark sooner or later. Though i don't know how exactly tgat can happen, i think btc has the potential to do wonders that we don't expect. Acceptance and adoption would be the key for bitcoin to reach that amount and it's remotely poasible

It's just too hard to imagine at the moment, just like it was to hard to imagine btc at 10k when btc was a couple cents.

[cuteman]

That's a really high speculation I mean I get it bitcoin is unique and with the limited supply it could be worth way more in the future but 1 million can take 20 years or even more until people make a shift from gold to bitcoin
Only one problem is who would demand bitcoin ay such a high value?

Most part (54%) of people posessing bitcoin now ,  keep less than 0.001 BTC on their wallets.    Another 36% keep from 0.001 to 0.1.

And only less than 3% from them have more than 1 BTC at their disposal.

1 satoshi is one millionth part of Bitcoin, so even poor people will be able to own a part of Bitcoin when it reach $1 mln.  

It will be interesting to get the source of that data, if that is true then most addresses contain almost no bitcoin, which is not surprising since the distribution of fiat should be similar but it is something I was not expecting, if those statistics are correct then that means that most people in the forum are way above the average in their bitcoin holdings and that maybe in the future our holdings will be worth a fortune.

Check below picture.  You can see that only 3% of wallets have more than 1 BTC.   This Bitcoin distribution is like wealth distribution:  only insignificant qyu of people keep majority of wealth.

[usam_coiner]

I don't think bitcoin will reach that high. There are so many challenges on the way of bitcoin. Like fake news about bitcoin and countries banning it. But if bitcoin will overcome those challenges that will stand its way. I think bitcoin will grow even more. But not $1M. Maybe a hundreds thousand dollar.

Fake news will eventually be overrun. And not a few believe that btc will actually hit that 7 digit mark sooner or later. Though i don't know how exactly tgat can happen, i think btc has the potential to do wonders that we don't expect. Acceptance and adoption would be the key for bitcoin to reach that amount and it's remotely poasible

It's just too hard to imagine at the moment, just like it was to hard to imagine btc at 10k when btc was a couple cents.

i think bitcoin can go far than 1 million in ten days and if 70 percent of total world start to use bitcoin n next three to four years this milestone will be achieved soon so it all depend on the no of users.

[H0USE]

In this feild where prices fluctuates each second predictions are just dreams which could turn into reality and not so we can't say what will be the prices in ten years but i think that the speculation you have made seems exaggeration because it's too high and if the trend continues or will never reach there as whales always hinders it's growth trying to crash it.

[david_019]

Chart from 2014, when Bitcoin was $300, predicted price of $10k for today — Nov 22nd, 2017.  

We're at $8,200.  (If we add Bitcoin Cash and Gold prices, we'll get close to $10k).

Next milestone on chart: $100k in summer 2021.   And next: $1M in 2027.

Bitcoin is always surprise its community and the world of cryptocurrency lovers because of being always volatile whether it is favor or not to the holders. And if I will focus on the chart maybe I will believe that it will really hit in the year 2027 but I can not keep myself on thinking the other side that this is too much and just an exaggerated speculation. I believe that bitcoin will always hit the higher price more than from the past but not up to 1M,this will become more risky for all.

[Barcode_]

I do agree that bitcoin does have a lot of potential in its blockchain technology, and the values of bitcoin will have a high chance to surge to another high record as times goes by, but I think it is highly unlikely for bitcoin to hit the price of $1 million per bitcoin in ten years time.

[aeternus]

That's a really high speculation I mean I get it bitcoin is unique and with the limited supply it could be worth way more in the future but 1 million can take 20 years or even more until people make a shift from gold to bitcoin
Only one problem is who would demand bitcoin ay such a high value?

Most part (54%) of people posessing bitcoin now ,  keep less than 0.001 BTC on their wallets.    Another 36% keep from 0.001 to 0.1.

And only less than 3% from them have more than 1 BTC at their disposal.

1 satoshi is one millionth part of Bitcoin, so even poor people will be able to own a part of Bitcoin when it reach $1 mln.  

It will be interesting to get the source of that data, if that is true then most addresses contain almost no bitcoin, which is not surprising since the distribution of fiat should be similar but it is something I was not expecting, if those statistics are correct then that means that most people in the forum are way above the average in their bitcoin holdings and that maybe in the future our holdings will be worth a fortune.

Check below picture.  You can see that only 3% of wallets have more than 1 BTC.   This Bitcoin distribution is like wealth distribution:  only insignificant qyu of people keep majority of wealth.

Thanks for the picture, it is incredible almost all the bitcoin wealth is concentrated in that 3% and if we take into account that many people keep several wallets and addresses then it is fair to think the amount of people with that concentration of wealth is way lower than 3% of the bitcoin users, which means if bitcoin really becomes massive and adopted all over the world those which have those bitcoin holdings will become the new elite.

[mkhadazz]

actually bitcoin prices nobody can predict, because bitcoin is a purely digital currency in motion only in terms of demand and enthusiasts who really want bitcoin, otherwise the bitcoin price will definitely go down and if you see and analyze the increase and decrease bitcoin also affected from the info that was reported in some developed countries that have been using bitcoin they make information to ban bitcoin and new players will definitely panic and sell bitcoin they have, so basically I think bitcoin really can not be predicted. no one knows what bitcoin price in the future.

[Lionel]

Chart from 2014, when Bitcoin was $300, predicted price of $10k for today — Nov 22nd, 2017.  

We're at $8,200.  (If we add Bitcoin Cash and Gold prices, we'll get close to $10k).

Next milestone on chart: $100k in summer 2021.   And next: $1M in 2027.

Cool 

Then i think i'm not gonna sell my BTC until 2021 or even later.
Even if the price drops temporarily like now, those milestones will be finally reached

[Apaxy]

Chart from 2014, when Bitcoin was $300, predicted price of $10k for today — Nov 22nd, 2017.  

We're at $8,200.  (If we add Bitcoin Cash and Gold prices, we'll get close to $10k).

Next milestone on chart: $100k in summer 2021.   And next: $1M in 2027.

Cool 

Then i think i'm not gonna sell my BTC until 2021 or even later.
Even if the price drops temporarily like now, those milestones will be finally reached

Why it is fun to read the messages of other forum participants. Such interesting forecasts for the future, from which you want to write a fantastic book, but interesting here is another, Where does such information on the big prospects of Bitcoin for the future.

[Master Third]

what is true and sure about bitcoin it is volatile. Although we are making our own analysis and speculation it is just remain as a theory and nothing more nothing less for that.
Only the volatile naturality of bitcoin is our chance for how bitcoin will survive from every critical situation. And every too much speculation can possibly misleads us and that would be frustrating if we can not meet that too much expectation.

[cuteman]

Cryptocurrency industry analysts have recently aired caution about short-term price prospects for Bitcoin.

Regular commentator Tone Vays had warned during recent highs that until resistance around $12,000 was cleared, prices would continue to post lacklustre performance - and could even drop lower than current levels.
“There really is zero large-scale institutional money from the west in crypto right now”.

[cuteman]

I think  there is no reason to panic at all.  This is something we see a lot on different markets.

A lot of FUD going on right now with all central banks willing to regulate the cryptomarket.   

Actual BTC low levels may be caused by Mt.Gox liquidity being sold by Japanese Government.

My view is still very optimistic with the current market and ongoing mass adoption.

 

[cuteman]

Tech investor Tim Draper predicts bitcoin will reach $250,000 by 2022

Venture capitalist Tim Draper predicts bitcoin will multiply by 30 times within four years.  He made the forecast Thursday evening at his "Draper Block(chain) party" in California.

"It sounds crazy," Brian Kelly, founder and CEO of BKCM, an investment firm focused in digital currencies, told CNBC. "But think about it this way: that's 4 years from now. That's a 3,000 percent return from here. But over the last two years bitcoin has had a 4,000 percent return. It would be a continuation of that trend."

[cuteman]

very interesting chart in below link!  

Bitcoin Price Prediction Tracker    

The red line steadily grows to $ 1,000,000.00 per BTC. Move the slider to zoom

The math behind it

Is this really possible? Bitcoin needs to grow at a rate of 0.484095526 % per day. That is the red line on the above chart. As long as the blue line is above the red line, we are on target. Hover over the chart to get daily prices :

https://fnordprefekt.de/