$10million in 2023 possible?

[artaks]

I think you are very excited about the cryptocurrency progress, but if have experience about this market then you also must have known this that it is very unpredictable place things changes every moment here so in such condition what will actually happens on 2023 it is hard to say now

[Stuart_Shook]

At the first halving on November 28, 2012, BTC/USD traded around $12. By the second, on July 9, 2016, it was $657. The third halving — due in mid-2020 or in 644 days — will see the block reward reduce from 12.5 BTC to 6.25 BTC, while What’s On Crypto suggests ongoing trends could see prices hit a giant $10 million by 2023-quoted by wilma woo.

These predictions are giving us hope about the future of bitcoin but we all know that bitcoin is know for its volatile and unstable characteristics. Do you think that the expert's predictions are possible or do you think that this are just a mere simple prediction.

This seems a bit extreme to me. I'd be a bit more conservative in my estimations, but I'd certainly say that it will increase before the halving, not so much after. The speculative nature of bitcoin means everyone will be buying in anticipation of a halving, and that will drive the price higher than it should be. Then, either directly before or immediately after the event, a lot of people will cash out.

I'd be aiming in the 30k region more realistically based on technical analysis and recent price action. Assuming it doesn't get hit with any more bad news.

[Exprow]

Five years is quite a long time for this volatile market. No one can surely say that how its going to be for BTC and cryptocurrency. I hope we will see some positive move of the market but I don’t see BTC going this much high.

[clarkgeneral86]

I don't know at the time of $10 million what is the fee of a transaction? It is probably $10,000 for once. Although the analysis seems reasonable, it is difficult.

[BorisVirla]

I do not know how much bitcoin will cost, it's better not to guess, the main thing is not to decrease.

[Btchunter3333]

I think anything is possible in crypto world. As we see last year , why not see $10million in 2023. The best now is to get more bitcoins and hold for long run.

[o_e_l_e_o]

I don't know at the time of $10 million what is the fee of a transaction? It is probably $10,000 for once. Although the analysis seems reasonable, it is difficult.

That is not how Bitcoin fees work. They are based on the byte size of the input, regardless of the price of Bitcoin at the time. Fees would go up solely because the price per satoshi had gone up, but the fees could still be as low as 1-2 satoshi/byte. It would work out as something like $20-30 for a 1 input transaction.

Still, this is all hypothetical because this is never going to happen. 

[cryptotezi]

$10 million is too much I think. We may see the rise of cryptocurrency market, particularly the BTC even go higher. But this price wouldn’t be possible unless BTC comes with something great and price of USD goes down.

[RadiontLoss]

Price of Bitcoin will rise higher in times and it is expected, predicted by many individuals. But I don’t think price will be this much high. In times, people will be able to find out whose prediction comes true.

[StringFire]

I see a great future ahead. If proper investors enter and the price pumping is stopped and also the fake ICO’s domination gets over I believe the market can reach this amount value within 2023

[CryptoPairFTX]

Maybe this is not going to happen that the price will be $10 million. Definitely the price will rise but not like this amount of price. Because crypto hasn’t become so much stable yet

[CrazyBTC7800]

I don’t agree with the amount you have mentioned but I agree that the rise of the price of Bitcoin will be very high. Because the world is looking to it more and hence the demand will be increased as well the price

[TungayETH]

There is a possibility that bitcoin will reach $10 million. If the market is regulated and the demand and price will be the same as now then it will reach $10 million.

[SnodGrass74]

Bitcoin will be the costliest coin in the future. The rate is dependent on the demand and sale of bitcoin. It this continue in future also, I think it will be $10 million.

[OneyZ]

There are a lot of fake ICO projects in the current crypto market. Because of them, the investors are getting afraid to invest for cryptocoins like bitcoin. I think if the fake projects out of the market then it will be possible to reach $10 million easily.

[Emence]

I think bitcoin will be the most expensive coin when the market will be bullish. So $10 million just a small prediction, I hope it will be more.

[Beffm]

I think it’s possible. The way bitcoin get popularities and spreading all over the world so anything can be happened just we need the market to be stable. And I hope within a very short time we can see the rising.   

[RottenSteel]

Actually it is unpredictable. It can be $10million or it can be more expensive. But I am hoping bitcoin will be really glorious in the near future. Who knows how will be the market and how the price will rise.

[overst]

10 million USD is very big amount. I don't it will be easy to achieve this value. I am a bitcoin fan but still i think 10 million is not a joke. From my point of view i see bitcoin on 100k USD in 2023.

[Cacingkemi]

The expert's prediction maybe occur cause 2023 is still very far around 4 years away and in those days there will definitely be a lot of good news that will drive value,That 10 million predictions are full of hope I also want that good thing, but not all will go smoothly towards that value.