what will happen if BTC hit 1.000.000$

[Vishnu.Reang]

When bitcoin get to one million dollars in the future then we can boldly say that it has attained it mainstream position and the government will then see the need to adopt bitcoin and a secondary currency in their territory. With lots of users having confidence in the bitcoin network.

In case that happens, then the total BTC market cap will be somewhere around $20 trillion. And now compare this to the total worth of all the banknotes and coins circulating in the world, which is only a fraction of this amount. I am not sure whether the governments will be at ease with such a scenario. I am talking about countries such as China, where the national currency is heavily manipulated.

[Lily_Olive]

I am sure it will hit $100k, but not in the next 2 years. BTC are the easiest, cheapest/fastest way to invest, earn, spend, transfer your money.

In the next some years the price will probably go higher, but I don’t think that it will raise too much. I don’t belive that it will reach $1M (some people talk about that) in some years, but $100k is a possible price.

[adzino]

If bitcoin hits $1,000,000 then there is a possibility of  two things that might have happened which has triggered the price to reach this position. First, the market might have been extremely manipulated to reach this position (very highly unlikely and even if it does happen the price will end up crashing very badly). Or, we have officially announced bitcoin as the global currency and everyone is using it.
To be honest, nothing will happen. People will lead their life as usual and instead of using just the fiat currency, they will be using crypto currencies.

[kidoseagle0312]

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 ?

It easy to say, but the question is give us some reason why BTC need to hit 1,000,000$ eachBTC?
Because if you will not show any of the factors to make it happen, or give some links article about it, I guess
you are making only some story about it. Sorry for this dude, I am just stating the fact. Imagine the price of
Bitcoin so far was 7890$ each, this was happened for 10 years though last 2017 it went up to 20k$  almost each bitcoin
it just dumped now, so if you are going to analyse it how many decades will takes before 1M$ each of bitcoin?
Think of it?

[DreamStage]

When bitcoin get to one million dollars in the future then we can boldly say that it has attained it mainstream position and the government will then see the need to adopt bitcoin and a secondary currency in their territory. With lots of users having confidence in the bitcoin network.

That's actually not what government will be focusing on...
What it should happen is keep stability against or with fiat in same principles and rules applied to fiat vs bitcoin or any other cryptocurrency.
If we manage to stay on those tracks we will have a better world to everyone using crypto or bitcoin.

[Nanagyasi]

Well, let's wait till it hits that before we think about what happens. For now, we have not yet crossed even 10k. However, I just don't see anything else that will happen that to see more people becoming billionaires

[kotajikikox]

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 ?

If bitcoin reach 1million dollar price value possible increase the number of hackers and only millionaires can buy or afford to buy bitcoin if that speculatuon comes true. And the government keeping all attention for the bitcoin how to regulate as currenc.

[zee11225]

When bitcoin get to one million dollars in the future then we can boldly say that it has attained it mainstream position and the government will then see the need to adopt bitcoin and a secondary currency in their territory. With lots of users having confidence in the bitcoin network.

If the price of bitcoin reaches one million US dollars, we can be sure that the bitcoin owners who invest from now will become millionaires in the future. Whether that will happen, time will answer. For bitcoin, all possibilities can occur.
But certainly the government anywhere cannot underestimate digital currencies such as bitcoin, because its function besides being a means of payment also becomes investment and trade. The role of bitcoin in the future I am sure is not usually ignored because the users are increasing.

[Sithara007]

If bitcoin reach 1million dollar price value possible increase the number of hackers and only millionaires can buy or afford to buy bitcoin if that speculatuon comes true. And the government keeping all attention for the bitcoin how to regulate as currenc.

Your statement is very surprising... considering your forum rank. You may be knowing that Bitcoins are indefinitely divisible. Each Bitcoin is divisible by 100 million units, and these units are known as "Satoshis". So you don't need to purchase one full Bitcoin. You can purchase BTC0.001 or even BTC0.0001. Therefore I would say that your statement that BTC will become unaffordable, doesn't make any sense.

[Watershin]

If bitcoin reach 1million dollar price value possible increase the number of hackers and only millionaires can buy or afford to buy bitcoin if that speculatuon comes true. And the government keeping all attention for the bitcoin how to regulate as currenc.

Your statement is very surprising... considering your forum rank. You may be knowing that Bitcoins are indefinitely divisible. Each Bitcoin is divisible by 100 million units, and these units are known as "Satoshis". So you don't need to purchase one full Bitcoin. You can purchase BTC0.001 or even BTC0.0001. Therefore I would say that your statement that BTC will become unaffordable, doesn't make any sense.

What you are saying is true, when the price will hit 1million dollar then automatically each satoshi will become worthy and even who are holding 1 lakh sats will be rich.

[habimo]

I believe that my bitcoin will not be at the price of 1.000.000$ ，Because this will cause more countries to be destroyed by the economic bubble.

[OcTA Bd]

I think it will be a dream day for all the crypto currency holder. But originally it will take a lot of time. The market is still in it's blooming stage. But from my point of view btc will come in light to all the countries but it will take a lot of time. Let's hope for the best and prepare for any worst condition.

[The Seller]

I have the same opinion with you, that the higher the price of bitcoin, the more hacking cases will be, but if that really happens then the security in the crypto world will definitely be improved even though we know there will always be a gap for those perpetrators cyber crime.

[shane]

First of all, I don't think it will hit $1 million per bitcoin.

If we assume that it will happen in the future, there will be no fiat currency usage and probably traditional banks will not exist. All people will use bitcoin instead of traditional currency as there is no value for fiat currency when compared to bitcoin.

Furthermore, entrepreneurs who jumped to the bitcoin train early such as cryptocurrency exchanges will become new trillionaires in Fortune magazine. 

Like others said, there will be a risk of increased hacks as well because if a hacker can steal even a single bitcoin, that will make his fortune.

[ngusmin]

If bitcoin reaches a price of 1 million, there will be a lot of scam in crypto and it is possible that the government will be more assertive about the ownership of bitcoin.

[bittick]

If bitcoin reaches a price of 1 million, there will be a lot of scam in crypto and it is possible that the government will be more assertive about the ownership of bitcoin.

The government will be more likely to push the taxes to whoever have the bitcoin considering they can become a really good ta
xation object I mean ez money for the government, however the bitcoin users will also face the difficulty of high transaction fee and will undergo many verification by government which is pain in the ass.

[leonair]

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 ?

If Bitcoin reaches the price of 1 million per piece then the mass adoption hit it hard, why do you even think that it's hackable, never in history of Bitcoin that it was breach by somebody instead the one that got hacked is the platforms that were using it just like exchanges, casinos, etc.

The price of Bitcoin increases because obviously there a lot of investments coming in and so as the trust of the people who are doing it.

[Nunoluck]

Most of hackers now focused in bitcoin whether it price above $1.000.000 or below $10.000 hackers still focus in it. So in term of security there is no significant change. But in term of economy it will be good because long term bitcoin holders can become very rich. If more people increase their purchasing power then it is good for the velocity of money. The gap between the rich and the poor will be smaller.

[DaWidyaa]

In my opinion when Bitcoin reaches the price of $ 1,000,000 it is certainly a small coin and also the altcoin will go up and it is very profitable for traders, and I hope that will happen.

[Rufsilf]

I’ll be amazing if bitcoin will indeed reach 1m$, who knows maybe it’ll happen but it still a long way to go we’ll see soon. Anyways, even with bitcoin’s current there are a lot of hackers or scammer already, all the more when more people will adopt bitcoin. If a lot will adopt bitcoin it means a lot will know more about it and all type of scammers will come up.