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

[cuteman]

We recently mined the 17 millionth bitcoin, leaving only four million left.

[1713990631]

1713990631

[sunnybeacher]

I think bitcoin can go that far. I really believe in it !

[ethereumhunter]

We recently mined the 17 millionth bitcoin, leaving only four million left.

so this will push the difficulty to increase and the price can be too expensive from the next year. but still, there will be any other correction price that will happen in anytime. like what we see today, the bitcoin price is making another correction price again and still stays at $7540 and the percentage in the market is -7.3%. I wonder what will happen in this week as we see another high price in the last week. and if the price still getting down, maybe the altcoin will get down too.

[cuteman]

Alexis Ohanian, a co-founder of both Reddit and VC firm Initialized Capital, upheld his $20,000 Bitcoin (BTC) and $1,500 Ethereum (ETH) forecasts for 2018 in an interview with CNBC on July 24.

[cuteman]

Iqbal Gandham, managing director at eToro, says that unscientific surveys conducted by eToro in the U.K. suggest that few investors that heard about bitcoin during its mainstream upsurge in 2017 actually invested in cryptos. “We had a lot of people talk the talk but very few people walked the walk,” Gandham said.

Many crypto bulls shares this rosy outlook, including Ethereum co-founder Charles Hoskinson via Twitter:



 

[liseff3]

Although this prediction is too "CRAZY" (sorry I say that) . It seems, this could happen, if the number of buyers continues to increase than the users who sell it, then it can be ascertained that the amount of supply will decrease significantly. However the market remains the market, it will run on its own unpredictable and difficult to manipulate (except the whales) .

[montaza]

I hope that would happen for real or even close to million dollars. Never knows when will it happen, no one can predict the price of bitcoin because it is decentralized and it's price is volatile. Keep holding your bitcoins we don't know when will it reach to million dollars

[Ozero]

I think that bitcoin will never cost one million dollars. It seems to me that it is unlikely that it will ever cost one hundred thousand dollars. Such growth of the course will be hindered by various external factors, which we are not accustomed to take into account. This will always be hindered by high volatility bitcoin and negative news information. They will constantly lead to the emergence of a certain panic among investors and bitcoin will invariably fall in price. In addition, a certain part of investors will always sell their bitcoins if it grows significantly in value.

[Afie]

mybe its not possible. it will not reach to $1million anymore because of what is happening right now. 🙂

[Morgann]

I hope that would happen for real or even close to million dollars. Never knows when will it happen, no one can predict the price of bitcoin because it is decentralized and it's price is volatile. Keep holding your bitcoins we don't know when will it reach to million dollars

The market is volatile and that is the reason why it was so profitable and anytime the price of bitcoins can skyrocket depending on the demand in the market so cryptocurrency will never die even in the future.

[Bonsaiav]

Talking about predictions is always endless. Either since when and how the theme of this prediction has always been a fun conversation. The answer also varies, starting from the waiting period to come up with the peak price of bitcoin, and various kinds the predicted value. I think in an unexpected way this thing might just happen in the future in an unexpected year. The important thing's we all don't get hopeless.

[nguyenthanhvien]

I think that is impossible. That certainly can not happen. Because bitcoin is competing with many different crypto.

[Lubang Bawah]

All the users hope so, I'm optimistic that bitcoin can last for a long time and the price keeps rising, but I'm pessimistic that $ 1 million could be achieved after 10 years, let alone the unpredictable market conditions.

[Cangkeman Wae]

If the price of $ 1 million can be reached in 10 years, then the price of bitcoin later this year could reach $ 50k, but if the year-end bitcoin price does not reach $ 10k then I am sure that the price of $ 1 million can be achieved after 50 years from now (if it can survive )

[ethereumhunter]

every people can be predicted on the bitcoin price that can happen in the future and we only need to wait and still collecting more bitcoin from now on. I am sure that every people is waiting the time and they will save more bitcoin so they can be a rich person in the future. personally, I am waiting for this to happen and like every people on here and in out there which knows bitcoin, I still collecting more and more bitcoin and I hope I still alive to see the price increase in that price.

[maxim000]

You are talking about $21 Trillion of marketcap. No one is going to put this much money in such a volatile and decentralized asset with uneven distribution. It would be hard for Bitcoin to cross such a marketcap unless there is humongous shift of money from fiat to cryptos for whatsoever reason. Right no looking at this market, it seems kind a impossible. But cryptos are usually unpredictable.

[Ronyx]

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.

I think it will be difficult for bitcoin to have a value of $1 million despite the next 10 years. There are so many investment choices in crypto, and it is very unlikely that all choices are aimed at bitcoin, there are still altcoins which are alternative choices for investment.

[Dikarama7]

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 very difficult to predict, let alone an increase of as high as $ 1 million in 2027. It is highly unlikely that crypto market will be filled with continuous bitcoin demand until it costs $ 1 million.

[cuteman]

. It is highly unlikely that crypto market will be filled with continuous bitcoin demand until it costs $ 1 million.

Yeah, bitcoin needs mass adoption to reach those levels.  Currently it has limited use, indeed.   As BLOOMBERG has stated recently:

Bitcoin is being used less and less as a currency. After peaking at $411 million in September, only $60 million was spent on goods and services in May. These numbers come from the 17 largest crypto merchant-processing services. The number rebounded a bit in June – to $69 million – but it is a far drop from the same time last year

[cuteman]

Chart from 2014, when Bitcoin was $300.

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

Keep in mind that based on the chart BTC price should be around $21k at the end of this year - which is not quite unlikely