how will bitcoin reach one million dollars?

[bitcoinsc]

so far bitcoin is at $9800 to hit $1,000,000 you need a 10,500% growth
if you multiply the market cap of bitcoin to 10,500% you would need tons of money
at $17,000,000,000,000
that is 17 trillion. damn where would we get all of that money? maybe in 10+ years is more realistic. but in 2020. that would be difficult. Im not sure how the supply would increase the price. but someone can tell me?

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[Mhd-Bobbi]

so far bitcoin is at $9800 to hit $1,000,000 you need a 10,500% growth
if you multiply the market cap of bitcoin to 10,500% you would need tons of money
at $17,000,000,000,000
that is 17 trillion. damn where would we get all of that money? maybe in 10+ years is more realistic. but in 2020. that would be difficult. Im not sure how the supply would increase the price. but someone can tell me?

I think you imagine and only have the desire that it will wait up to 10+ years, but I don't think about 10+ years, it definitely takes a very long time.

[bitcoin31]

Bitcoin will never reach 1 million dollars that is reality. I know dreaming is free but sometimes we need to be realistic of what is high chance to happen and that is not. But depende to the person if they  believe on that or not.

[CodyAlfaridzi]

so far bitcoin is at $9800 to hit $1,000,000 you need a 10,500% growth
if you multiply the market cap of bitcoin to 10,500% you would need tons of money
at $17,000,000,000,000
that is 17 trillion. damn where would we get all of that money? maybe in 10+ years is more realistic. but in 2020. that would be difficult. Im not sure how the supply would increase the price. but someone can tell me?

17T USD market cap seems enormous. But if a company (AAPL) stock market cap can reach 1T, 17T for Bitcoin doesn't sound too crazy. One thing for sure, it's not happening in the near future unless USD become worthless like Venezuelan dollar.

Bitcoin will never reach 1 million dollars that is reality. I know dreaming is free but sometimes we need to be realistic of what is high chance to happen and that is not. But depende to the person if they  believe on that or not.

No one would've thought Bitcoin would reach $10K when it was $100 so it's not a strange thing to see such an ambitious prediction from the community.

[CrazeCoinz]

Yeah that's right it's a huge amount of money and  your too ambitious to think. Although crypto is full of surprises I just cross my fingers because dreaming is free. All of us has our own prediction of bitcoin price. I'm happy to see bitcoin at $50k level.

[liuqi]

Yeah that's right it's a huge amount of money and  your too ambitious to think. Although crypto is full of surprises I just cross my fingers because dreaming is free. All of us has our own prediction of bitcoin price. I'm happy to see bitcoin at $50k level.

Bitcoin is a good growing cryptocurrency so each one is predict some un expectable value. But reality this will always flow from demands and supply. I think 50k USD is possible in 2020 or 2021 so we should not say this will continue or burst in future market. I hope bitcoin is the one and only king of crypto world in forever.

[ethereumhunter]

so far bitcoin is at $9800 to hit $1,000,000 you need a 10,500% growth
if you multiply the market cap of bitcoin to 10,500% you would need tons of money
at $17,000,000,000,000
that is 17 trillion. damn where would we get all of that money? maybe in 10+ years is more realistic. but in 2020. that would be difficult. Im not sure how the supply would increase the price. but someone can tell me?

No one can tell you. I cannot imagine what will happen if bitcoin price is on that price and I am very sure that every people who have bitcoin will be the next richer person on the earth. But maybe it could happen in the future but it still too difficult to see that price in the short time and I guess we need to be patient to wait for it's happening. Ten years it seems realistic, but we know that everything could possible and everything can happen in the cryptocurrency so waiting is the better answer.

[sheenaedago]

Yeah that's right it's a huge amount of money and  your too ambitious to think. Although crypto is full of surprises I just cross my fingers because dreaming is free. All of us has our own prediction of bitcoin price. I'm happy to see bitcoin at $50k level.

  I agree with you mate, but it is too expensive to wish for as the market rapidly growing. But in the meantime, it will reach at that peak and hopefully bitcoin will start to break the bearishness.

[Johnzky]

so far bitcoin is at $9800 to hit $1,000,000 you need a 10,500% growth
if you multiply the market cap of bitcoin to 10,500% you would need tons of money
at $17,000,000,000,000
that is 17 trillion. damn where would we get all of that money? maybe in 10+ years is more realistic. but in 2020. that would be difficult. Im not sure how the supply would increase the price. but someone can tell me?

Basically you are the only one here who’s believing this craziness
Bitcoin is a currency though in a form of virtualization,so how would you expect this will value a million dollar?
Please be realistic ,yes we can give speculations but not hallucinations,just saying

[Dilerium90]

so far bitcoin is at $9800 to hit $1,000,000 you need a 10,500% growth
if you multiply the market cap of bitcoin to 10,500% you would need tons of money
at $17,000,000,000,000
that is 17 trillion. damn where would we get all of that money? maybe in 10+ years is more realistic. but in 2020. that would be difficult. Im not sure how the supply would increase the price. but someone can tell me?

Basically you are the only one here who’s believing this craziness
Bitcoin is a currency though in a form of virtualization,so how would you expect this will value a million dollar?
Please be realistic ,yes we can give speculations but not hallucinations,just saying

Actually, I also do not really imagine how bitcoin could cost $ 1,000,000 in the near future. In my opinion, such a huge capitalization can not be achieved without a serious infusion of funds and expansion of the market. While it is unreal. Moreover, we have a maximum of $ 20,000, which we still have to try to break through.

[Febo]

so far bitcoin is at $9800 to hit $1,000,000 you need a 10,500% growth
if you multiply the market cap of bitcoin to 10,500% you would need tons of money
at $17,000,000,000,000
that is 17 trillion. damn where would we get all of that money? maybe in 10+ years is more realistic. but in 2020. that would be difficult. I am not sure how the supply would increase the price. but someone can tell me?

Not sure where you got an idea of Bitcoin at $1 million in 2020. End of 2020 is only 2 years away. I dont give much chances that price will be over $50k by that time.

[Pursuer]

going from $0.001 to $20000 was 1,999,999,900% rise. now you are arguing that 10000% rise is too much?! besides it has nothing to do with the percentage of the rise. when you look at the numbers like this of course you will be confused. instead you should look at it this way:
the cap is at 21 million bitcoin so there can't be any more. and there are billions of people around the world who are slowly adopting bitcoin and want a portion of it. as the supply remains fixed and the demand grows the price goes up with it. the fact is the unit that bitcoin has ever used is "satoshi" not "bitcoin"! and we should talk about 1 satoshi's price instead. 
right now the adoption is less than 1% of the world  and as that grows the price goes up.

[cindygirl]

going from $0.001 to $20000 was 1,999,999,900% rise. now you are arguing that 10000% rise is too much?! besides it has nothing to do with the percentage of the rise. when you look at the numbers like this of course you will be confused. instead you should look at it this way:
the cap is at 21 million bitcoin so there can't be any more. and there are billions of people around the world who are slowly adopting bitcoin and want a portion of it. as the supply remains fixed and the demand grows the price goes up with it. the fact is the unit that bitcoin has ever used is "satoshi" not "bitcoin"! and we should talk about 1 satoshi's price instead. 
right now the adoption is less than 1% of the world  and as that grows the price goes up.

Considering just previous percentage growth is also a naive approach, there are very few things whereby growth is constant, as growth happens then growth inevitably slows until it reaches a maximum possible. While you're right there are many people left who are not invested in to bitcoin, you also need to consider that the price is being determined in USD and there are only so many USD to go around. $21tn is a lot of USD just to be 'invested' in to bitcoin. I say invested like that because I understand that a $21tn market cap doesn't actually mean there are $21tn dollars behind it.

[el kaka22]

so far bitcoin is at $9800 to hit $1,000,000 you need a 10,500% growth
if you multiply the market cap of bitcoin to 10,500% you would need tons of money
at $17,000,000,000,000
that is 17 trillion. damn where would we get all of that money? maybe in 10+ years is more realistic. but in 2020. that would be difficult. Im not sure how the supply would increase the price. but someone can tell me?

You do not need 17 trillion added to the market. Marketcap is not going up because people put money in it. That is not how it works. Right now without a single dollar put into bitcoin all the sellers can decide bitcoin worth a lot more and decide to sell no bitcoins under 100 thousand dollars and the marketcap would skyrocket because anyone who wants to buy bitcoin will have to pay at 100 thousand dollars per bitcoin prices, that is without putting a single dollar into bitcoin.

The logic that the more money comes in the higher bitcoin goes comes from the fact that if there are more money coming in that means there are more buyers which means sellers who sell for cheap will be gone and the sell order will be eaten by a huge chunk of buy orders which will increase the price. Simplest way but far from only way.

[talkbitcoin]

let me ask you this, what makes $17 trillion big? and why do you think that the current $100 billion is not big?

being "big" is a comparison. for example if you say 1 meter is big, it may be big if you are talking about a sandwich but it is small if you are talking about height of a person!
so what is it that you are comparing bitcoin market cap ($17 trillion) with that makes you think it is big and not a small one?

[xuan87]

I still think it's possible, with all people using Bitcoin for all transaction then it's possible,that 17 trillion is the transaction volume, so its still possible to reach that number even though that number look so big, we already reach the impossible from 1 dollar to almost 20k

[tytanhamon04]

Of course, there is very little time left until 2020 and I think that this huge amount of money will not come to the market but within 10 years it is possible because bitcoin in the past 10 years has proved to be a great technology that has no equal in the economy !

[davis196]

so far bitcoin is at $9800 to hit $1,000,000 you need a 10,500% growth
if you multiply the market cap of bitcoin to 10,500% you would need tons of money
at $17,000,000,000,000
that is 17 trillion. damn where would we get all of that money? maybe in 10+ years is more realistic. but in 2020. that would be difficult. Im not sure how the supply would increase the price. but someone can tell me?

Stop dreaming about the "1 million bitcoin price".This is just a fantasy.There's no way for the bitcoin market cap to reach 17 trillion US dollars.Even if China and India fully accept bitcoin,even if the major corporations start investing into btc.There's no way,because there's no killer advantage of btc.It's just a speculation tool.

[Shinpako09]

For me, I don't think btc will reach that price. Let's get real, that price is impossible to happen and even if it will, sure thing it will take not just 2 decade or you're not even in this world. Before you dream of such price think of when will btc recover. Even recovering takes how many years then how about that $1M. 2 decade? 3, 4 or even 5 decade and it isn't a guaranteed.

[blockman]

I doubt it that we'll see bitcoin goes on $1,000,000 by 2020. Someone shared this chart on how its possible to happen.

https://bircoin.top/

Its impossible by looking at the market right now and few years from now we're already on 2020. Unrealistic price as it is but who knows?