Have you guys seen this tweet?
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Is he insane or can we actually see BTC rise to $1M by 2020?
I personally tend to think it's quite unlikely due to known bitcoin limitations and the amount of people already invested but i will be happy to hear the alternative opinions.
Thoughts?
The guy is crazy because, for something like that to be realistic, you need a MASSIVELY restricted supply or a MASSIVE amount of money to push it anywhere close to the $1M level. Either one could have disastrous consequences if they quit out and could crash the market completely, but that's assuming that they even get to that place first.
I think $1M/coin is potentially possible by 2030-ish, assuming that the market continues on similar trends. You'd essentially need a decade of Bitcoin going up by $10k/year to hit $100k/coin, you still need 10x that to get to $1M/coin. It is possible that, if companies begin to get heavily involved, that process would be sped up considerably.