$10,000,000 by 2028

[lavapits]

I don't think it is possible, I saw the calculation about the maximum price of the bitcoin a while ago and it said that if it replaces all the money in the world it would be worth around 3 million dollars. Still quite some potential to grow but I doubt there will be any more 1000x gains like in the good old times.

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[BillyBobZorton]

On the contrary, I'm not pessimistic but just realistic person. Here we discuss the possibility that 1 BTC can reach value of 10 million $ in next ten years, so 1600+ times from current value to reach to this objective. I do not say it is impossible, but 10 years it too short period of time.

I disagree, I find 10 years an eternity in Bitcoin terms, SO many things can happen in 10 years, anything is possible. 10 years in Bitcoin is like 100 years in the legacy economy. I believe we will go through a period of disbelief in Bitcoin again (as we are seeing now), this may continue for X year, THEN once people realize Bitcoin is immortal the FOMO will kick in in levels never fathomed before, for anyone not wanting to hold their wealth in an immortal store of value will be deemed a fool.

[Lazada]

Some basic common sense and math are missing in this prediction. $10mil per BTC would bring the marketcap to three times the current money supply in the world.

Even if BTC is the only currency by then, it would require us to have an average 10+% yearly economic growth worldwide. Year on year, for the next 10 years.

Let that sink in...

For me it is a mystifile thing, although Bitcoin often delivers wonders but the market cap of that size still seems to be on a very distant path with realistas. Especially now there are many digital finance media, so there must be competence. Bitcoin can indeed show a very active movement, but rationally I would like to say that the comparison with the velocity of money in the world is equivalent and will not be much different. 10 years is a short time so it will look more rational compared to $ 10,000,000.

[Wind_FURY]

I am contemplating this again. But if you bought Bitcoin on 2011 and someone told you that it will reach an all time high of $20,000 by 2017, would you believe him? I believe you and I will react the same and say it would be "science fiction". It might be good to hope for $10,000,000 and be happy in $1,000,000.

It is wrong in my opinion to compare 2011 and 2017, this was just a beginning of cryptocurrency and completely different time. From 0 to 20 000$ is an impressive achievement, but also look where we stand now. Few months ago Tim Draper is announced his prediction for year 2022, he belive price can reach 250 000$ then, this is something what is achievable. Time will tell who was right and who's not, but before any million-dollar price speculation we need to focus more on six figures numbers.

I know, I was exaggerating a little. But the argument still has a point. We should understand that Bitcoin is an "invention" that is as big as the telephone, the airplane, the internet, etc. Plus it has shown its capacity that it can become a global reserve currency that's not controlled by any state.

It is an independent financial system, not a small digital payments "consumer product".

[eann014]

I believe $1,000,000 mark is possible for the next 2 halvings, so in around 2024-2025. And then from there it will be exponential growth towards $10,000,000, 2028 to 2030. After that, the halving curve becomes almost a straight line, so the price should be really high and it should start stabilizing at said very high price. Anyone not holding 1 BTC there will cry.

I think it is too early to discuss this for about 7 yrs from now. And is there a proof that it will really happen in the future? How can you be so sure about this? If there is a proof then that is a good thing, and maybe if a lot of investors knows this, for sure they will invest right now because bitcoin is having a lot of dips right now, so this is the right time to invest.

[JohnWick_Bitcoin]

That's right, im making the prediction. In 10 years Bitcoin will have a marketcap of several trillions. Most fiat sitting in dumb places like bonds, derivatives, idiotic stocks, easy to counterfeit metals such as silver and gold... will be sitting on the capital B blockchain.

We'll go parabolic in ways never fathomed before. After we gross the first million barrier it will open Pandora's box. Minds will be blown, everything will become possible. Anyone not holding wealth in Bitcoin will have their goods at constant systemic risk.

Go all in and hold.

Bitcoins to reach $10m dollars is possible if more people are going to invest yearly, the price will keep on increasing as the time goes by as long as people will not lose their faith on cryptocurrency.

[Lucius]

I know, I was exaggerating a little. But the argument still has a point. We should understand that Bitcoin is an "invention" that is as big as the telephone, the airplane, the internet, etc. Plus it has shown its capacity that it can become a global reserve currency that's not controlled by any state.

It is an independent financial system, not a small digital payments "consumer product".

I agree that BTC is big invention and it has great potential, for me there is no doubt about it. The problem is only in time, in this case 10 years from now is in my opinion too little time that BTC become global reserve currency. But I do not agree that it can be independent by states, this is something that is very difficult to accomplish. If a deal is reached on world level about BTC, some powerful states can try to take control over BTC by buying all available supplies and start to involve in process of mining with the aim of controlling network, money and power is something they certainly have.

Telephone is "invented" 1876, but there is still places in the world where people can not use it, same as internet which is at this moment available only to 50% of world population. The other half is probably not even heard about BTC, no internet no BTC.

[Oceat]

That's right, im making the prediction. In 10 years Bitcoin will have a marketcap of several trillions. Most fiat sitting in dumb places like bonds, derivatives, idiotic stocks, easy to counterfeit metals such as silver and gold... will be sitting on the capital B blockchain.

We'll go parabolic in ways never fathomed before. After we gross the first million barrier it will open Pandora's box. Minds will be blown, everything will become possible. Anyone not holding wealth in Bitcoin will have their goods at constant systemic risk.

Go all in and hold.

Isn't this too much for a short period of time? Within those halvings you forgot the fact that there is a lot of factor why Bitcoin is declining the market price. Bitcoin needs a lot of time to release such higher stock price, those short period amount of time will not be enough for it to gain too much. By now Bitcoin was having a hard time to break the resistance, what more in the future?

[XCANA]

I believe that the prediction for Bitcoin market capitalisation in the next decade is too high and if the market capitalisation should be up to that amount it then means Bitcoin market value will up to like a hundred thousand dollars per one which seems impossible in my own believe.

[GreatOrchid]

Ten million dollars in ten years from now, i think that you are being very optimistic but i am more than sure in that we are NEVER going to see those numbers because it is more  than impossible.

[ultrloa]

Crazy speculation since it need more huge trillions of cap before that to be happen but looks like that speculative price dream will never came since there will surely be manipulators are there played with the price to do dump and pump scheme so that they can earn more money and this can lead for the price to go up and down. And also maybe we will face again a heavy regulation and this could make the price go shy and goes stable again.

[Wind_FURY]

I know, I was exaggerating a little. But the argument still has a point. We should understand that Bitcoin is an "invention" that is as big as the telephone, the airplane, the internet, etc. Plus it has shown its capacity that it can become a global reserve currency that's not controlled by any state.

It is an independent financial system, not a small digital payments "consumer product".

I agree that BTC is big invention and it has great potential, for me there is no doubt about it. The problem is only in time, in this case 10 years from now is in my opinion too little time that BTC become global reserve currency. But I do not agree that it can be independent by states, this is something that is very difficult to accomplish. If a deal is reached on world level about BTC, some powerful states can try to take control over BTC by buying all available supplies and start to involve in process of mining with the aim of controlling network, money and power is something they certainly have.

How? Do you believe "the state" can order the miners that are located in their jurisdiction to censor transactions that came from illegal sources like the dark markets, or face the consquence of being kicked out?

But I believe the law should first state that Bitcoin miners are transaction processors before they can do something like that.

Telephone is "invented" 1876, but there is still places in the world where people can not use it, same as internet which is at this moment available only to 50% of world population. The other half is probably not even heard about BTC, no internet no BTC.

But look how both of those inventions have changed the world. Can you imagine a world without them? What would it be like?

[Lucius]

How? Do you believe "the state" can order the miners that are located in their jurisdiction to censor transactions that came from illegal sources like the dark markets, or face the consquence of being kicked out?

But I believe the law should first state that Bitcoin miners are transaction processors before they can do something like that.

Telephone is "invented" 1876, but there is still places in the world where people can not use it, same as internet which is at this moment available only to 50% of world population. The other half is probably not even heard about BTC, no internet no BTC.

But look how both of those inventions have changed the world. Can you imagine a world without them? What would it be like?

I was thinking that states can just in one moment (if they agree on world level), start to cut off energy sources for big miners - they just can not work without power. Of course they can not completely shut down all, there are some countries which always play their own rules. Some might have called it a conspiracy theory, but if governments ever want to control BTC they will go for mining control.

There is no doubt that telephone and internet change world, but it takes time for that and this is key in this price speculation. People need internet to use BTC, if today 50% of world population not have internet, that means we can not count on them. But even that is not biggest problem, only 0.5-1% of world population have BTC or use them, can that % rise to 5% or more in next 10 years or this is completely irrelevant in this 10 million $ story?

If BTC become only store of value and rich people toy, maybe it's possible to see some crazy million price. Maybe they say: We do not need gold, silver, fiat, stocks and we will convert all to BTC.

[Wind_FURY]

How? Do you believe "the state" can order the miners that are located in their jurisdiction to censor transactions that came from illegal sources like the dark markets, or face the consquence of being kicked out?

But I believe the law should first state that Bitcoin miners are transaction processors before they can do something like that.

Telephone is "invented" 1876, but there is still places in the world where people can not use it, same as internet which is at this moment available only to 50% of world population. The other half is probably not even heard about BTC, no internet no BTC.

But look how both of those inventions have changed the world. Can you imagine a world without them? What would it be like?

I was thinking that states can just in one moment (if they agree on world level), start to cut off energy sources for big miners - they just can not work without power. Of course they can not completely shut down all, there are some countries which always play their own rules. Some might have called it a conspiracy theory, but if governments ever want to control BTC they will go for mining control.[/b]

It is not conspiracy theory, we are beginning to see that happen. Some electric utility companies are increasing the bill for Bitcoin miners.

I will admit that this might start another hard argument. My only opinion would be "wait and see".

There is no doubt that telephone and internet change world, but it takes time for that and this is key in this price speculation. People need internet to use BTC, if today 50% of world population not have internet, that means we can not count on them.

But the other 50% cannot live without the interent. Keep that thought handy.

But even that is not biggest problem, only 0.5-1% of world population have BTC or use them, can that % rise to 5% or more in next 10 years or this is completely irrelevant in this 10 million $ story?

It took gold more than 100 years to be widely used as a stable and effective store of value. Bitcoin will take a very long time too.

If BTC become only store of value and rich people toy, maybe it's possible to see some crazy million price. Maybe they say: We do not need gold, silver, fiat, stocks and we will convert all to BTC.

You should internalize what Bitcoin is trying to be before you say it will be a "rich people toy".

[okala]

We actually needs more of speculations in other for us to be able to see bitcoin moving from the current bearish trend that has dominated the market since January 2018. Bitcoin get to $10,000,000 in 2028 is the best thing that will happen in the history of humanity.

[marky89]

I was thinking that states can just in one moment (if they agree on world level), start to cut off energy sources for big miners - they just can not work without power. Of course they can not completely shut down all, there are some countries which always play their own rules. Some might have called it a conspiracy theory, but if governments ever want to control BTC they will go for mining control.

I think that's a very big "if." Competition among nation-stations, I think, is one of the reasons Bitcoin can't be stopped.

[BaraxLo]

Some basic common sense and math are missing in this prediction. $10mil per BTC would bring the marketcap to three times the current money supply in the world.

Even if BTC is the only currency by then, it would require us to have an average 10+% yearly economic growth worldwide. Year on year, for the next 10 years.

Let that sink in...

I am amazed to read this statement as it is an impossible prediction, we can not trust on this prediction because after 10 years the Bitcoin will be somewhere else we do not know about that.

How can they predict for next 10 years as far I know that even highly accurate predictions have uncertainty in it after the appearance of actual value. as we know that Bitcoin has a lot of potential and can achieve any target but it depends upon the market.

[glowing10]

We actually needs more of speculations in other for us to be able to see bitcoin moving from the current bearish trend that has dominated the market since January 2018. Bitcoin get to $10,000,000 in 2028 is the best thing that will happen in the history of humanity.

Even if 10% of the speculated price is achieved in this 10 years people would be more than happy and every one will retire rich in their life. As this 10 years can change the life of people involved if we see the rise happening every year in crypto currency.

[Indamuck]

I'm sure Satoshi expected bitcoin to reach a very high price.  There's a reason we have so many decimal points.  Who knows, in the future we could be talking in satoshis instead of dollars.  Imagine one satoshi being one dollar  We are still in the early stages in regards to mainstream adoption.  there is still a ton of room for growth.  Right now we are at a 250 billion marketcap which is very small compared to global currency supply

[andohyeb]

If It can be true that by 10 years time bitcoin can be traded along 10 million dollars , then holders of even 1 satoshi can be said to be rich. But I can't think of the factors that will push bitcoins to that level whiles each day we are seeing a lot of new alternative currencies springing up that are more good to invest in than bitcoin.