what will happen if BTC hit 1.000.000$

[onrise]

if btc hits 1 mil . i would be happy to be around for that to happen. i dont necessarily need btc to hit 1 mil. i would have alot of cars thats for sure. i think every young person would be spending like crazy on who knows what. and jus go completely broke. in a few years time.

People who owns it will be the most happiest and those who could not get or thought it was bubble would regret it later as they would have missed the money making opportunity during this bull run . It my or may not reach to that levels but it will rise from current level for sure .

[kakonhat]

hi guys
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?

I don't know what will happen for hacking news or violence or criminalization even harassment by the Government in an unsupported country.
But, I know that I shall be a rich man.
Actually, everything will be normal if Bitcoin reaches 1 million. just Bitcoin value will be high then your local currency. 

[Pattart]

hi guys
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?

That's impossible to happen maybe 100k USD each might possible but even the 1m USD each bitcoin won't help to stop hackers for hacking and stealing bitcoin it is their nature of earning money.

We can't change it unless if the price of bitcoin will become no value in the future I'm sure there is no hacking news will be published in the future related to bitcoin hacking.

Since the bitcoin price is increasing more hackers and criminals are attracted to get easy bitcoin to their victim.

Agree with that, even now there has been a lot of news about hacking, what if prices skyrocket or like worth above $100k will certainly make many hackers interested in committing acts of theft. if the price of bitcoin is low, hackers certainly will not do that, because it will only waste their time to hacking worhless coin. in my opinion, the higher the price of bitcoin, the greater the crime act in bitcoin.

[jems]

If bitcoin reaches $ 1 million per chip, I think there will be many people who get rich and be accompanied by more crime. And yes, even the government will be more assertive in setting rules in every country.

[kaya11]

hi guys
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?

This is very funny. While the bitcoin price declined, everyone drew apocalyptic scenarios. I even remember those who say that Bitcoin will drop to $ 100. Now someone's dating and talking about $ 1,000,000 .... Just funny!

We are talking about what if in here and nothing more, there is no need to be rude to OP. He is just trying to be ready if that time ever comes. Even me believe that 1M USD per BTC is possible, I mean it was just cents when it was first created so the million dollar thing is not a dream anymore. There are more than 21 million people in the world who are millionaires out there, and this is another what if, if there are no one who wants to sell their bitcoin less that a million dollars anymore, what do you think would happen, only time matters here folks.

[qwertyup23]

Reaching 1 million USD for each bitcoin is the dream for most people who owns bitcoin but it has its share of disadvantages too. Back in 2018 when the price of each bitcoin reached an alarming rate of around $18,000-$20,000, transaction fees were high and it discouraged almost some to trade their bitcoins.

From an investment perspective, reaching that price would be the best thing since sliced bread. The opportunities and potentials it create to people who own bitcoins may be a solution financially to some. Not to mention, expect government intervention to take place in this scenario.

if btc hits 1 mil . i would be happy to be around for that to happen. i dont necessarily need btc to hit 1 mil. i would have alot of cars thats for sure. i think every young person would be spending like crazy on who knows what. and jus go completely broke. in a few years time.

People who owns it will be the most happiest and those who could not get or thought it was bubble would regret it later as they would have missed the money making opportunity during this bull run . It my or may not reach to that levels but it will rise from current level for sure .

I doubt that it will reach that kind of price soon but it is not entirely impossible. Before it reaches to that price, government would surely intervene in the process and banks may engage in the cryptoworld by making their own coin.

[liss sa]

Wow, If it comes true, I think there will be a lot of millionaires born. But 20000$ is my target in next year.

[Linkkoin]

The question is - how relatively much 1 million USD will be worth. If it is going to share the fate of Bolivar, then I am afraid we will have more important issues than the price of BTC to focus upon.

But jokes aside, if the current value of $ will remain at a similar level, this would totally mean that BTC cannot be regarded as any sort of currency replacement.
It is very possible, that those of you, who had been very early adopters of BTC, hodling since 2010-2011 and deciding to sell, will be heavily taxed -especially if you will not be able to show any clear evidence, how did you get them.

[BigBrother]

I do not know whether bitcoin will be able to reach such a price, but if it happens it will definitely make a big splash. Many countries will begin to actively make decisions on how to regulate bitcoin, because it will be impossible to ignore it.

[Vaskiy]

Compared to the fiat usage what we have in percentage is very small. Maybe we'll have around 4% of the people globally using cryptocurrencies on different needs. It can vary from daily needs, trading to gambling and on transactions. Even with this we've reached $20000, when this is possible when the usage percentage increases surely we can see a bitcoin equal to $100000, but I'm not sure of $1000000.

[sngwinner]

I do not think much will change from the current situation. Hackers are already hacking. However, I think more governments will begin to see the need to legalised btc.

[pushups44]

hi guys
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?

This would truly be fascinating, because it would imply that bitcoin is an accepted global currency in which each satoshi is valued at roughly one cent ($0.01). It would also imply that bitcoin has gobbled up competing currencies and has perhaps been declared as an official currency by at least one country. I am skeptical it will reach this price, but it is definitely within the realm of possibility.

[Alpinat]

~snip~
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?

For sure many hacking events will happen but I guess it will not stop bitcoin in increasing because we once all said that bitcoin is unstoppable right. If bitcoin can really reach that huge value for sure massive adaption will happen and also the popularity of bitcoin will take its place again.

[traderethereum]

I have a simple answer for you.
That means, we all here will get a big profit from each of bitcoin we have, and we can sell all of bitcoin or sell some amount to get that profit.
That will be a big dream for every trader here because they can get huge profit from bitcoin.
I still thinking and dreaming when that will happen.
But the hack will always be there because there is no 100% security on the internet, but we can prevent from the worst thing that might happen.

[BL46K 7193R]

It is almost impossible that the price of Bitcoin will reach 1 million. Bitcoin is a very well-balanced cryptocurrency so everything in Bitcoin is handled like this. When Bitcoin is worth 1 million, I think many difficulties will arise. Bitcoin is not so easily available, its use will decrease if Bitcoin prices increase in excess rates. Then its acceptability will decrease if its price increases so much.

[Moshaid]

Firstly did you even check that figure you mentioned? That's a whopping sum of six zeros.  Well we all do say cryptocurrency can't be predicted but there are something we shouldn't be thinking of. It's even certain bitcoin will hit 100k$ and you are here thinking of 1M$. Should incase bitcoin hit this price in future I think some touches from different agencies will be on deck.

[ljane]

Bitcoin is one of the Cryptocurrencies that can hit $1million in no time or maybe in the future. One thing I will say about this is that, when BTC hit that price there will be more corporate bodies buying into the Cryptocurrencies idea and also they will integrate most of their products with cryptocurrency in such a way that we can both buy and sell with cryptocurrency on their markets. Also there will be much scams activities in the cryptospace.

[valentin68]

The bitcoin price will be bigger than 1 000 000 USD in the next 10 years. The will happen probably in 7 years from now. At some moment, probably in 2030 (years) to 2040 the price of the bitcoin will tend to have a constant value.

I do not know what will be this value, possible 10 million to 100 million USD/1 bitcoin (that is 10 000 000 USD to 100 000 000 USD/1 bitcoin). This was what Sataoshi Nakamoto wanted in 2010, for the Bitcoin to attain a price of 1 USD/1 Satoshi  (that is 100 000 000 USD/1 bitcoin). 
   

   

[jakelyson]

hi guys
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news

Definitely. The more value bitcoin has, the more incentives hackers have to hack exchanges, wallets and whatever they can hack to acquire bitcoin.

More violence and criminalization of bitcoin holders by governments
Any events we will see ?

I do not think bitcoin will ever reach 1Million value without getting approved or at least regulated by the government.

[sammyp]

Well, while I do not anticipate such a price for bitcoin in this current generation or the next one, there will be an unceased chaos as people will try all methods to gain bitcoin. Scam issues will increase a hundred fold and bitcoin holders will go into hiding to avoid physical attacks. I do not want BTC to get to such price because the world will be an unpleasant place to live.