When bitcoin will hit $1 million !

[gentlemand]

but reaching $1 million is absolutely not feasible.

It's totally feasible but not very desirable. All it needs is a ton of demand in a short time met by a tiny amount of supply in a shorter time.

The most likely scenario is at the tippiest peak of the most outrageous bubble. It's thinly traded at the best of times but if sellers get greedy and desert until there's hardly anything left to buy on exchanges that price is achievable. It would result in the longest and most brutal hangover in recorded history though.

[Silberman]

You are asking for something impossible, people love to think about those kind of prices because they know that their bitcoin holdings are small and they would like to think they also have a chance to become millionaires in the future, but deep down they know the truth unless something huge happens to the economy that forces people to look for alternative ways to move their funds the chances that bitcoin reaches such a high price during the next years are zero.

Even though we like to think of that possibility, but it is not as if many people strongly believe that the coin will hit $1 million in future, that figure really looks silly to me, the highest that I have ever thought or analyzed bitcoin to reach is $100k, but that is not to say I will not support any speculation that sees bitcoin grow beyond that.

When it comes to bitcoin prediction, majority of us are a little bit biased in our judgment because of the full love that we have for bitcoin, but one thing with bitcoin is that even if it does  not reach the $100k, it does not mean that it is still not useful, bitcoin is not only meant to be used for investment alone, so, as long that it is still useful for the payment system it was created for, I really don’t care if the value hit that all time high or not.

Do not get me wrong I support bitcoin fully and I really believe that it is going to change the way people think about currencies however many people in the forum have expectations out of it that are not aligned with the reality that we see and the only outcome that they will get out of those expectations is failure, and I do not want to see people disappointed with the performance of bitcoin especially when it has been so good during this year and yet for many people that is still not enough.

[Kotone]

This can happened but Im pretty sure no one can answer you exact time and date. Some predict it will be on 2020 but would you believe some guy who will speculate like that and will say that he will eat his dick when this not happen? I dont think so, bitcoin has a lot of potential to be more adopted by people sooner or later it will be a massive outrage soon in cryptocurrency as people tend to be interested now. The statistic shows how more people keeps added in the investors list of crypto business and this is a fact.

[pieppiep]

This can happened but Im pretty sure no one can answer you exact time and date. Some predict it will be on 2020 but would you believe some guy who will speculate like that and will say that he will eat his dick when this not happen? I dont think so, bitcoin has a lot of potential to be more adopted by people sooner or later it will be a massive outrage soon in cryptocurrency as people tend to be interested now. The statistic shows how more people keeps added in the investors list of crypto business and this is a fact.

I believe that will happen at some time because we don't have the right prediction to see when it will happen. I don't want to believe some guy who was already giving the prediction about the time for bitcoin to hit 1 million. They don't know the truth, and many people are only predicting. And now, I think I only enjoy to see the price is up and down and I prefer to follow the journey of bitcoin price while I can try to make a profit from the differences in the price. I am sure that when the time comes, the bitcoin price will increase by itself and will hit the highest price.

[Sadlife]

I have a very interesting theory about when exactly bitcoin will hit $1 million.

I said everything in the video, I'm sure you will like it.

It's not an investment advice, but just an observation from me, after following bitcoin for more than 5 years.

Please watch the video here and tell me what do you think :

https://3speak.online/watch?v=clixmoney/hjimplyn

not unless it was YouTube video i will not look at it sorry.

million dollar value for single Bitcoin for me is just a Dream,and will never happen forever.thats too much amount for a single currency and what about altcoins?if bitcoin reached that amount then alts will worth 100k each?no mate what i believe atleast 100-500k$ is more than enough to achieve and this will thousands or millions of Bitcoiners become a Millionaires

[bryant.coleman]

Although it is not theoretically impossible for Bitcoin to hit an exchange rate of $1 million, my opinion is that it will be better to talk about realistic targets such as $25,000 or $50,000 first before thinking about millions and billions. The total market cap as of now stands at $8 trillion. If Bitcoin reaches $1 million, then the market cap will be around $18 trillion, which is around 2.5 times of that of gold. How many users think that it will be possible for Bitcoin to overtake gold, which is being used as a currency for the last 5,000 years?

[Dabs]

Between 2030 to 2040. That's a good 10 to 20 years from now. By 2032, more than 99% of bitcoins will have been mined. That's when demand will outpace supply, as it will take a hundred years after that to mine the last percent.

[ecnalubma]

Maybe we can really determine Bitcoins potential value if the last satoshi is mined. $1 million dollar price is not impossible, if more institutional investors will get involved and consider that half of the global population will adopt it there’s a higher chance of possibility.

[minersday]

in 2028/2029 is my guess

Lol.. This is a wide assumption and guess. I don't really see Bitcoin hitting a million dollar soon. The bitcoin market is too young to hit $1 million any moment soon.  But we all wish it will be worth a million dollar.

[lionheart78]

in 2028/2029 is my guess

Lol.. This is a wide assumption and guess. I don't really see Bitcoin hitting a million dollar soon. The bitcoin market is too young to hit $1 million any moment soon.  But we all wish it will be worth a million dollar.

Majority is saying that Bitcoin won't hit 10k when it was just a dollar.  But it did somehow and it does not concern whether Bitcoin will hit a million or not pero considering USD devaluation, possible mangyari yan.  Ang price trend ni bitcoin ay pataas and ang value trend naman ni Dollar ay pababa kaya magtatagpo at magtatagpo rin yang dalawang yan sa 1 million dollar per BTC.  Siguro kung ang value ng dollar ay nasa 1 peso = $1  assuming the value ng php ay hindi gumalaw.

[Dabs]

@lionheart78. Psst. You're not in local. English.

[AliMan]

in 2028/2029 is my guess

Lol.. This is a wide assumption and guess. I don't really see Bitcoin hitting a million dollar soon. The bitcoin market is too young to hit $1 million any moment soon.  But we all wish it will be worth a million dollar.

Maybe we're to early to rejoice, it's too hard to reach on that price because right now we're still in the bearish situation. Million dollar worth per btc is a dream for all of us, yet an inspiration could took us more years before seeing a potential profit. However, $20k next year also expected to happen but still not an exact value because we might not see it happening. Unpredictable market cannot be change, and if we can't move on next year, probably same behavior of 2019 will again be seen if market still won't recover.

[n0ne]

Bitcoin hitting $100000 is a possible thing, when we think of $1 million we need to think about the adoption and its growth to go mainstream. Right now it hasn't reached such a level, there are acceptance all over the world on limited locations for limited services. This will contribute to a very small level of demand.

To reach such a higher value it needs to be highly demanding, and this can happen only if highly populated countries gets the cryptocurrency usage legalized. In my view $1 million is too big to reach, yet it has possible chances as the market is not under anyone's control.

[Silberman]

Although it is not theoretically impossible for Bitcoin to hit an exchange rate of $1 million, my opinion is that it will be better to talk about realistic targets such as $25,000 or $50,000 first before thinking about millions and billions. The total market cap as of now stands at $8 trillion. If Bitcoin reaches $1 million, then the market cap will be around $18 trillion, which is around 2.5 times of that of gold. How many users think that it will be possible for Bitcoin to overtake gold, which is being used as a currency for the last 5,000 years?

Not only that, many want bitcoin to reach one million for each coin but it is fair to ask ourselves if at that point in time one million dollars will buy what it can buy today? And the most likely answer is that it will not, for so much money to come to bitcoin something must be going horribly wrong with the economy and it is even possible that the value of bitcoin in fiat will become irrelevant, what you will care about is what you can buy with your bitcoin.

[redsun114]

many want bitcoin to reach one million for each coin but it is fair to ask ourselves if at that point in time one million dollars will buy what it can buy today? And the most likely answer is that it will not, for so much money to come to bitcoin something must be going horribly wrong with the economy and it is even possible that the value of bitcoin in fiat will become irrelevant, what you will care about is what you can buy with your bitcoin.

The time that I expect bitcoin to reach $1 million dollars is when the bitcoin miners have mined the last bitcoin, after which bitcoin will become expensive and the scarcity may lead to that price, but it is expected that till year  2140 before bitcoin can actually turn to that and before that year, a lot of thing would have actually happened, if bitcoin will survive, then it would have already become a global currency and then , we will not be talking much of the dollar value of it but the amount of bitcoin that each individual is holding, and then, I think people will have to be using satoshi has transaction as 1 bitcoin will really not be  able to be spent at once except on highly expensive luxuries things, but by that time of bitcoin becoming global currency, it is obvious that satoshi is going to be more popular.

[watergold]

Although it is not theoretically impossible for Bitcoin to hit an exchange rate of $1 million, my opinion is that it will be better to talk about realistic targets such as $25,000 or $50,000 first before thinking about millions and billions. The total market cap as of now stands at $8 trillion. If Bitcoin reaches $1 million, then the market cap will be around $18 trillion, which is around 2.5 times of that of gold. How many users think that it will be possible for Bitcoin to overtake gold, which is being used as a currency for the last 5,000 years?

The very high fantasy of bitcoin being able to reach $ 1 million is very unlikely and unreasonable, even many analytics experts want to target Bitcoin to reach only $ 20k takes a long time to prove it, I think if bitcoin reaches $ 1 million then the value of fiat currency and others will be destroyed.

[FlamingFingers]

Bitcoin @ $1 million,  that's so huge!  Perhaps in the next 50 years, Lots of  adoption will have taken place, demands will also be high to drive the price to such, but it looks practically impossible because the market cap of bitcoin will be so mind blowing. That's running more than trillions

[STT]

Between 2030 to 2040. That's a good 10 to 20 years from now. By 2032, more than 99% of bitcoins will have been mined. That's when demand will outpace supply, as it will take a hundred years after that to mine the last percent.

Sounds a good estimate based on supply, I was about to base my answer on demand or rather the value of dollar.   The idea of 1 million also includes great movement in Dollar value as it adjusts to no longer being the global reserve currency.  That is a normal phase change thats happened many times previously with the Spanish and British all the way back to the Romans which also reduced the quality of their currency over many decades and centuries, all rising and falling in influence.
   So I would look toward Dollar index or DXY which I would expect to be making new lows.   Right now thats not true at all, the world has swung round to hold many dollars a bit like how people note Bitcoin dominance.  Its kept as reserve assets so that Dollar has a standing in many countries, in many central banks as the asset that backs each national currency.   For example Japan a great exporter and advanced nation is holding $1 trillion in dollar treasury debt and that sounds alot but the trade done each year is greater.   For me to think 1m BTC is possible then I would have to see these various holdings of dollar no longer exist and much more distribution of value for global currency varied across many different assets types.
  BTC will likely rise in better prospect when Bretton Woods is more in question.  This agreement extends past my lifetime, it is the ground I stand on in terms of how much influence it has that I've always taken for granted, when the world changes that much then any price is possible.

[wheelz1200]

My bet would be years as in 30-50 years.  It will take a generation of peoe in the 10ks and the 100k range to pass on.  It would be tough for a large portion of people who hold bitcoin to not sell when it's at 100k, 200k, etc.  That is life changing money for a lot of people.  You will need more buyers in the 100k range than sellers which I just dont see happening in our generation.

[Argoo]

I do not believe that Bitcoin will ever have a million dollar price. In my opinion, this will even contradict the logic of financial relations. I would like to look at those who buy bitcoin at a price of about a million dollars and if there are not so many of these millions as he will sleep, if in the future bitcoin drops in price several times. I would not want to experience such emotions. Especially when in parallel there will be faster and more convenient altcoins with a price of one dollar.