BITCOIN Will hit 1 Million $$$ ? What do you think ?

[vintages]

I think 1 million dollars is an overestimation. We are expecting Bitcoin to hit the $20k mark but it is still lingering around $10k. 1million $ is too much. Let us hope for $20k by the end of the year.

A million dollars for the price of 1 btc is very certain but it's not happening this year nor in the year 2021. Probably in the next five to ten years as any sudden increase in price will be unhealthy for the market. So give it time and see what it can do as this market is very much unpredictable.

Moreover, there are certainty that this year ending will close with a better price than last year. The price maybe just around 10k  now, but I see it reaching 30k this year ending (my predication though).

[Jating]

As what the market shows us, everything can happen, who would have thought that the price could zoom to $20k? But as far as reaching $ 1 million, it make takes years though. Just imagine the amount of money needed to push to that levels? Where should that money come from?

It might take 2-5 years or even more to accomplished that, institutional investors, gold bugs shifting to bitcoin and even self made billionaires and tons of individual around the world pouring their money to be able to reach that price.

[STT]

Bitcoin hits 1 million and the price of a loaf of bread at that time is, would be a better question.   We need to base these wild prices against something that isnt dollar itself, because dollar has no fixed value.
    Thats the problem with any long term projection, if the ground is moving then how can we state anything.    We navigate on ships by using the stars or any point which is outside our other changing variables.   Thats how we'll discover accuracy vs this kind of question.   Of course most will dismiss it as impossible but who would want to be wrong and find BTC could reach this price.

[Reid]

The hell, year 2140?
C'mon, will you even see paper at those times. Perhaps they will be using plastics as means of payment because of the lack of trees all over the world to create another paper.

It wont matter anymore and you are going way far where you wont be alive to see it.
I understand 5 to 10 years of prediction but never a century or more.
Get real.

[ralle14]

Without a date of when will the price would hit $1 million I think it can happen after several years depending on what would the price look like in the next few years. If Bitcoin goes on another price snowball I think it could peak at $1 million.

It is unreal for our physical world. If bitcoin grows even by a quarter of this price, the subsequent correction after such an increase will be so big and protracted that I am not even sure whether we need such an increase in bitcoin.

If the increase happens in a short time I would agree that such correction is to be expected but it's one of the many scenarios. It could also slowly increase in the future until it reaches the price and the correction could be avoided.

[Argoo]

I do not think that the price of bitcoin ever rises to one million dollars. It is unreal for our physical world. If bitcoin grows even by a quarter of this price, the subsequent correction after such an increase will be so big and protracted that I am not even sure whether we need such an increase in bitcoin.

[RealMalatesta]

Eventually it will, people are missing the point of what 1 million per bitcoin means, it doesn't mean right now, it means eventually and gradually because bitcoin has already reached 20 thousand dollars and some people believe the true price of bitcoin should be around 50 thousand dollars, now if you put inflation on top of that 1 million dollars in few years doesn't sound insane.

Now, I am not saying it will be 1 million dollars in 2020 but why not in 2030? That sounds logical, maybe even 2040? That sounds even better. Now, you may think "that is a lot of waiting period for something to go up" but if you think about it the price is 10 thousand dollars right now, if it reaches 1 million dollars that means x100 return on your investment in 10-20 years, nothing can give you that much return in that time period.

[barbara44]

I guess it is definitely possible, but it also depends on how long you can give it to be 1 million. Are you sure you won't sell when it is 50k? Maybe at 100k? Definitely would sell at 500k? So, that means if you are selling, why wouldn't others? Everyone would sell if they make enough money.

Hence, the problem is not that bitcoin won't reach 1 million, it might be one million in year 2060 as far as we can assume (and maybe some of us will live that long, definitely not me) and that means the possibility is there. However, if you believe for one second that bitcoin could be one million dollars in the next 3-5 years than you must be crazy, that is way too much money that goes into bitcoin to do that and people with that kind of money will not use it to buy bitcoin for sure.

[YOSHIE]

The total Bitcoin supply is limited to 21 million. Out of that, the market has lost, likely lost, or unmined 36% of the coins. That amounts to 7.56 million bitcoin units that remain inaccessible owing to human errors.

It makes sense if this history will occur with limited Bitcion capacity only 21 million pieces,
Thus not to mention the carelessness of humans will come, this can make bitcoin more reduced from 36% will decrease.
This will be the price of Bitcoin in a certain year can be broken at the level of $ 1 million or maybe more, because the stock is already scarce.
So thus including the other coins the price will increase with the reason people switch to lower prices, the opportunity for prices to increase by 80% for other coins.

[Oilacris]

So my question is will it reach 1 million as is predicted or its far fetched?

No it wont!

Even on my dreams this price isn't possible to be hit up by Bitcoin.Imagine on how much 1-10-100 sats value would be?

Even if all big institutions/companies/industries would tend to adopt bitcoin.It wont really be enough to reach up those numbers.

$50-60k maybe but for 1M? Its too exaggerated.

[sunsilk]

Indeed, I can’t imagine bitcoin will hit to 1m though price is unpredictable. Hard to predict what price could reach in bitcoin. And, no one knows what price it will hit in the future. Their is an increase for sure of bitcoin price but I am not thinking to reach a higher price like this.

Having that said that bitcoin has that kind of characteristic but thinking of $1M is unreal to tell you honestly. Sometimes our imagination is working on and we would want to see it but it's all just about dreaming all day long.

It is unpredictable but we are not very much convinced that bitcoin will hit that price as predicted though there's a chance and possibility but it's very minimal. $100k is possible but multiplying that with times 10, I can't imagine on how much the total market cap would be and how long it will take.

[iMark]

I don't see the price gonna hit that far, and less likely with the time left we had regarding the bull run and the recent all-time high of $20,000 USD its unlikely we can just hit $40,000 to $50,000 USD this bull season, And the price of bitcoin right now is taking resistance and dropping back to $9000 USD level is an indicator that was not gonna make a $1 Million Price, Well it is not always increased in price but we are still experiencing some dip and correction so the possibility of a Million price isn't possible. 

i think so, that price is too high in my opinion. even for all people in the world to use it, such a high value is an impossible price for a cryptocurrency. whereas other commodities which are more valuable from any aspect than bitcoin, doesnt have ``that high value. I'm sure bitcoin prices will continue to rise, but 1 million dollars sounds impossible to me