Bitcoin at $1 million this cycle really possible?

[veznata]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

[1715358339]

1715358339

[Lucius]

I honestly don’t get people who are constantly asking questions that don’t make too much sense at the moment - and that’s exactly “when BTC $1 million - or is that even possible?”. For all those who ask the same question, where do you think all the money that will pump the price of x15 will come from?

In this cycle (assuming it lasts until the end of the year), we still need to be much more realistic and hope that the trend will continue - and although Bitcoin is unpredictable, for me success would be if the price reaches at least $100 000. $1 million for 1 BTC is something that may happen in the future, but for that price Bitcoin should be targeted by central banks and most of those who have gold today should replace it with BTC.

Central banks around the world are working to create their own digital currencies (CBDC), and there are still a lot of those golden bugs that consider gold too precious to replace it with anything else.

[aoluain]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

For this cycle, presuming there will be noticeable cycles in the future, 1 million seems
out of reach.

If we refer to PlanB's Stock to Flow model, $1,000,000 could be reached after next Halving.

https://digitalik.net/btc/#

[Coin_trader]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

For this cycle, presuming there will be noticeable cycles in the future, 1 million seems
out of reach.

If we refer to PlanB's Stock to Flow model, $1,000,000 could be reached after next Halving.

A million dollar for single asset while a lot of institutional investors already enter with huge stock seems too good to be true. At some point during this bull run, I'm sure that institutional investors will unload some of there to take profit and invest to other profitable asset. I believe Bitcoin trading at 100K is already a gamble especially for retail investors because whale can easily dump the price instantly.

[NeuroticFish]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle?

I don't know and I don't care. And you shouldn't either. Bitcoin price is already more than great for this cycle.

On the other hand, people that may be smarter than me have been saying that this bull run will be longer and higher than the previous one.
The previous one have ran from under 1000$ to almost 20000$. The charts show exponential growth, hence "longer" can mean anything, sky is the limit. Common sense tells me that asking for 1M in this bull run may be too much though...

[virtualdn]

I will stop making predictions as my posts here get deleted. But as a long time BTC holder who never sold a fraction since 2013 you get the idea yourself.

[seoincorporation]

I feel this scenario is really hard because to hit that price the market capitalization should be enormous... and right now the current capitalization is really big.

For example, Apple is the company with the biggest market cap, right now they have 2.233T dollars, and if we compare it with bitcoin cap this is 1.1T. So, the richest company has double than bitcoin. So, even if we double the bitcoin capitalization it will not hit $1 million each coin, that's why I think $1M is almost impossible.

[Leviathan.007]

Since we are talking about bitcoin market, everything can be definitely possible even seeing the price at 1 million dollars. The forum is currently full of topics where people asking "when bitcoin 1m/when bitcoin 500K/etc..." The answer to all these questions is none knows anything about the future. However, if you do really trust bitcoin and trust your strategy you know bitcoin can reach 1m and even more, it's just about time.

[stompix]

I will stop making predictions as my posts here get deleted.

You're post are not getting deleted because you make predictions they are getting deleted because they are one-liners off little value.

Banks and Bitcoin do not match

Is one example of the knowledge you're sharing with us.

I honestly don’t get people who are constantly asking questions that don’t make too much sense at the moment - and that’s exactly “when BTC $1 million - or is that even possible?”. For all those who ask the same question, where do you think all the money that will pump the price of x15 will come from?

When people really need to believe in something is comforting to find new arguments from others, so those topics might just be a way of consolidating their own speculations. As for the money part, the problem is not only where would that come from but why would that be even invested in it. At one point people will have to admit that gains of x100 or even x10 will tend to be impossible so once we're nearing that point of diminishing gains so will the money flow.

100k I find it more of a certainty, 200k close to the same but once we're adding hundreds of thousands to each coin and 2 trillion in the total market for each bracket things get messy. I wouldn't exclude it but at the same time if this happens I don't think 1 million then will be equal to 1 million now.

[AicecreaME]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle?

Bitcoin started at $0.0008 in the year 2010 and had an All Time High now of $62,000, with that amount of pumps after 11 years, does $1,000,000 per Bitcoin still looks like a dream? I don't think so. I don't why people are interested in that, you could just simply buy bitcoin and wait for it to happen, or don't buy at all and still watch it touch the $1,000,000 price point, that's your only choice.

Bitcoin has done so many things already for you people to get the assurance you wanted to wash away your doubts on it, and if you guys still don't believe on it, it's your choice. We're just here patiently waiting for that to happen.

Cheers!

[kryme]

I feel this scenario is really hard because to hit that price the market capitalization should be enormous... and right now the current capitalization is really big.

For example, Apple is the company with the biggest market cap, right now they have 2.233T dollars, and if we compare it with bitcoin cap this is 1.1T. So, the richest company has double than bitcoin. So, even if we double the bitcoin capitalization it will not hit $1 million each coin, that's why I think $1M is almost impossible.

Apple only has the largest market cap in the US.

[Innerpumper]

That's quite possible, but if bitcoin gets higher it will certainly be more resistance. Bitcoin currently ranks eighth as the richest asset in the world, led by gold. I'm sure bitcoin will be on top of it.

[tranthidung]

For this cycle, presuming there will be noticeable cycles in the future, 1 million seems
out of reach.

If we refer to PlanB's Stock to Flow model, $1,000,000 could be reached after next Halving.

Simple thought

• If BTC repeats the 20x of parabolic curve in 2017, the price for this 2021 parabolic curve will be about $400,000 (= $20,000*20)
• The Stock to Flow model shows the price would be $100,000
• The Mayer Multiple bands shows the price could touch the top upper band of Overbought area that is around $144,000. However, it it touches to that top, it will be hyped to higher a little bit
• All of these give me my simple thought that BTC can reach $150,000 to lower than $200,000

I am a simple investor.  

[Anonylz]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle?

Bitcoin started at $0.0008 in the year 2010 and had an All Time High now of $62,000, with that amount of pumps after 11 years, does $1,000,000 per Bitcoin still looks like a dream? I don't think so. I don't why people are interested in that, you could just simply buy bitcoin and wait for it to happen, or don't buy at all and still watch it touch the $1,000,000 price point, that's your only choice.

Bitcoin has done so many things already for you people to get the assurance you wanted to wash away your doubts on it, and if you guys still don't believe on it, it's your choice. We're just here patiently waiting for that to happen.

Cheers!

It may not be a dream looking back to where btc started but 'in this circle ' according to the op is definitely a big fat dream and unrealistic, not even in the next circle will this happen,
In the future, it is a possibility, after all btc was once $1 and rose gradually to $62k, this process too 10 years, even though before and now are quite different, achieving that amount will requires much money injected into the market. And how many regular investors will be willing to part with huge sum to by btc?

[Fortify]

I feel this scenario is really hard because to hit that price the market capitalization should be enormous... and right now the current capitalization is really big.

For example, Apple is the company with the biggest market cap, right now they have 2.233T dollars, and if we compare it with bitcoin cap this is 1.1T. So, the richest company has double than bitcoin. So, even if we double the bitcoin capitalization it will not hit $1 million each coin, that's why I think $1M is almost impossible.

Apple only has the largest market cap in the US.

Apple held that title worldwide until Aramco came along with a share offering. They also vie with Microsoft for that title as all three companies took a varying hit from the effects of Covid. This thread does seem like wild speculation by the original poster with little evidence to back it up and probably deserves moving to the Economics section. If we are to take a look at the similarities between cryptocurrency and the stock market, you should not assume that the future direction of any will match the past trajectory - in fact it gets substantially more difficult to reach higher peaks the greater Bitcoin costs.

[Welsh]

I honestly don’t get people who are constantly asking questions that don’t make too much sense at the moment - and that’s exactly “when BTC $1 million - or is that even possible?”. For all those who ask the same question, where do you think all the money that will pump the price of x15 will come from?

People often asking these questions are catching the old "fear of missing out", and just want some encouraging words to actually take the plunge, and finally purchase some Bitcoin. Although, the question or the majority of the answers that could be given to this question are purely speculation, which basically means its almost worthless. As for your question, regarding where the pump would come from, and I understand your almost asking a rhetorical question, to further your point, but the answer is no one knows. If Amazon invested a tonne into Bitcoin, and announced that Bitcoin could be used to purchase anything on their platforms, then that would likely increase the price by quite a lot. However, no one would know this until they do it, so really accurately predicting the events that effect Bitcoin prior to them happening, is quite simply impossible, and thus the original posters question is impossible.

We simply don't know when everything is going to slot into place to increase or for that matter decrease the price.

[wxa7115]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Most of the time questions like that can only be honestly answered with an it depends, one million dollars for each bitcoin during this particular cycle seems like it is too high but as we know everything can happen, because of the pandemic governments are facing huge amount of debts and not only that because of the decrease in the economic activity the debt ratio has increased significantly.

This means that if during the current year something else gets to happen that shakes the confidence of investors in the ability of governments to pay their debts then we could see hyperinflation and a price that high for bitcoin.

[Luzin]

• If BTC repeats the 20x of parabolic curve in 2017, the price for this 2021 parabolic curve will be about $400,000 (= $20,000*20)
• The Stock to Flow model shows the price would be $100,000
• The Mayer Multiple bands shows the price could touch the top upper band of Overbought area that is around $144,000. However, it it touches to that top, it will be hyped to higher a little bit
• All of these give me my simple thought that BTC can reach $150,000 to lower than $200,000

I am a simple investor.  

Starting a few months ago I was actually very worried. This is because several years ago this cycle seemed to repeat itself and there would be a period of saturation. Last year he was down very deeply how about this period? Last year it got really messy for altcoin holders. The value fell deeply for the BTC pair.

[dothebeats]

$1M per coin, to me, is asking a bit too much. The amount of cash needed to flow into bitcoin and crypto for this to happen is insane, and we're not at the point wherein everyone is pro-bitcoin and doesn't see anything wrong with it. The question is not 'when' but rather 'how' or under 'what circumstances' would we be reaching $1 million dollars per coin. Most of the money in the world are still parked on stocks, bonds, gold, and derivatives, and it will take a long ass time before these investors give in to what bitcoin can offer.

[AakZaki]

Just a matter of time and time will answer all these questions. Bitcoin or the cryptocurrency world is full of surprises. Right now who would have thought bitcoin would reach $ 60k ATH. The highest price that many people could not achieve but was reached in a few years.

Bitcoin still has a long way to go, Bitcoin is still very new. Bitcoin development continues.

The bitcoin community is very strong and bitcoin is not influenced or regulated by anyone, including the government

[pixie85]

In short No.

I'm saying it because it takes more fiat money to make Bitcoin gain another 1% each cycle. When you had bitcoin for 1000 dollars, getting it to 1100 required a very small amount of money compared to 2017 when it was worth 19 thousand and on its way to 20.
Now at 60 thousand you can invest 1 million USD and not even see anything happen on global charts.
Think how many millions in fiat currency you're going to need to make Bitcoin move from 800 to 900 thousand. You'd need whole governments to invest their budgets into Bitcoin.
Even if we take the next 3 years into account 1 million dollars is unreachable.

[20kevin20]

Think how many millions in fiat currency you're going to need to make Bitcoin move from 800 to 900 thousand. You'd need whole governments to invest their budgets into Bitcoin.
Even if we take the next 3 years into account 1 million dollars is unreachable.

Or a supply and liquidity shortage would make the path to a million much clearer and easier than we imagine. If enough people with enough BTC decide their coins shall not be sold under a million bucks, it's not that hard to get up there. Sometimes, large pumps require very little volume.

[jossiel]

That nearly 15x is underrated.

If bitcoin will be on that the same pattern as last year, there could be a very chance that it will reach really high price. But not yet that high as $1m for this cycle.

We may need 2-3 more cycles for bull run for us to see that.

[BrewMaster]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

you should always remember that $20000 was also 133x the price when it started rising at first and yet it was reached very easily in only 3 years. so far with the current price we are only up 18x from the bottom the dip that we had in 2018. there is still a long way to go up.

[uttoransen]

Some time back I though even $1k was too much for a bitcoin and now it is $60k! So anything is possible.

Recently, some of my off line friends - people who aren't as active on the internet - and surely haven't got a clue about crypto, started asking me questions about BitCoin - all this price increase is making some media headlines too. Few of them had even taken out some money from their share market funds and have invested those in bitcoin and some popular alt-coins.

If more and more people start doing this, many of them are already doing it - the funds from the share market will flow into the Crypto world and that 1M target will start to look far easier!

[slaman29]

Look at it this way. 20k to current ATH is 3x and it took a lot of stamina for buyers to reach this point, plus fiat being dropped and institutions investing and Reddit Wall Street etc.

Do you really think 15x more is possible from this current cycle? I really don't think so. And it would be really irresponsible to assume so as well.

[stompix]

Bitcoin started at $0.0008 in the year 2010 and had an All Time High now of $62,000, with that amount of pumps after 11 years, does $1,000,000 per Bitcoin still looks like a dream? I don't think so.

Depends on how you're looking at those numbers.
Having grown 80m times, it might look no big deal to hit 1b times, but when you look at the value in USD you will also see that it has grown $62k from the initial price but it would require to grow an additional $938k, close to 15! times what is has grown till date. And while in the old days you could overcome the daily inflation of coins with a few thousand dollars now you need $50 million each day to cover those, plus the fact that unlike previously when mining was more for fun now it incurs costs that are no longer hobby money and miners need to liquidate a huge chuck of that.

you should always remember that $20000 was also 133x the price when it started rising at first and yet it was reached very easily in only 3 years. so far with the current price we are only up 18x from the bottom the dip that we had in 2018. there is still a long way to go up.

The same thing as above, the first jump might have been 133 but it was still ~$20 000, the second one is only x18 but it's $58 000, so actually, x133 is smaller than x18 by a factor of 3.

[bobyhodob]

it is still too far for bitcoin to break through that price because it takes a very large mcap, it is possible that in the next few years it could reach that price

[Lucius]

If Amazon invested a tonne into Bitcoin, and announced that Bitcoin could be used to purchase anything on their platforms, then that would likely increase the price by quite a lot.

I guess everyone is waiting for Amazon's move, at least I got that impression here on the forum, but also in various media that cite it as the next big thing. Although Amazon is one of the biggest players in the world, I don't believe that their investment in BTC (if it were in the Tesla range) would make a bigger shift in terms of price - probably $10 000 to $15 000 in the short term. Even if BTC were added to their platform as a means of payment I don’t believe a lot of people would use it because most still don’t use it as a currency but for trading and as a store of value.

100k I find it more of a certainty, 200k close to the same but once we're adding hundreds of thousands to each coin and 2 trillion in the total market for each bracket things get messy. I wouldn't exclude it but at the same time if this happens I don't think 1 million then will be equal to 1 million now.

I agree, a lot of money a lot of problems and more risk. All is well as the uptrend continues, as if no one is thinking about time when the trend will reverse - we may have begun to believe that this time it will be different? Of course, $1 million will not have the same purchasing power now and in 10 years - especially if the helicopter money policy continues.

[blckhawk]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Definitely not on this cycle. Even though some people said that this current bull run will last more longer still I don't think it will be enough to reach that price. Perhaps, it will take a couple of cycles for us to see Bitcoin at the price besides it will require a huge total market cap for that one. Imagine large institutions are already now venturing into the crypto market yet we cannot able to reach $100k, perhaps we need more adaptation, we need a massive one in order to bring Bitcoin at that million price.

[ipanks]

Maybe that is not possible to reach this year, but that can happen in the next years. This year, bitcoin needs to break $100k, which is really hard to reach because until now, the price is at $64k, which is the good performance of bitcoin after it stays below $60k. But we still have a long term to reach $100k, and I guess that can happen this year. So after reaching $100k, the next target of bitcoin price will be at $200k-$250k, which can happen in the next year. Bitcoin needs longer to break $1 million and I do not think that will be possible to reach in this cycle.

[int03h]

One million dollars seems like an impossible number. Bitcoin has grown in value about 15x since April 2019, 3.1 times higher than 2020's ATH, predicting Bitcoin's ATH in this cycle to be between $ 100k and $ 200K.
Getting Bitcoin to reach the $ 1 million mark will take a variety of times and conditions. That can be achieved in the next cycle.

[DatKing]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

I don't why people automatically start making preposterous predictions about the price when it starts increasing again. 1 million dollars is an extraordinary level to reach for the Bitcoin price right now. But it looks like we could see an ATH over 100k dollars this year.

[lifeforcepools]

To be honest, I'm ready to believe anything now, even this.

[Mamun74]

$1M Per coin?It's too much but maybe in future. It's not possible this year.Coz bitcoin price now $60k+.I think bitcoin price will be reached $100k this year. I think next few years bitcoin price could reach  $1M.

[kryptqnick]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

I don't think it's possible. Bitcoin is already worth 3 times as much as its former ATH, and that's a big step forward after years of struggling to maintain even 50% of the ATH price. I agree with others that it doesn't really matter how far Bitcoin goes this time, and that its current accomplishment is already a lot. I'd be happy even if Bitcoin starts falling now, and falls as low as $20k. It would still be a big achievement and a way forward. I think that now we should focus on more use cases and on friendly regulations of cryptos rather than on the price.

[conected]

That nearly 15x is underrated.

If bitcoin will be on that the same pattern as last year, there could be a very chance that it will reach really high price. But not yet that high as $1m for this cycle.

We may need 2-3 more cycles for bull run for us to see that.

- A few more cycles will not break that milestone due to the situation is quite stressful and a lot of pressure in the crypto world and even spread to the outside world, a few large resources are involved but not strong enough to help bitcoin reach the 10% mark because the valuation of bitcoin in such a manner was so unreasonable, the government began to be suspicious of a system of money laundering and tax evasion. The trend of perpetual growth will be a disadvantage, it needs to gradually reduce steps to create a solid from community sentiment to price sentiment.

[BrewMaster]

The same thing as above, the first jump might have been 133 but it was still ~$20 000, the second one is only x18 but it's $58 000, so actually, x133 is smaller than x18 by a factor of 3.

i'm talking about the end of the rise when we reach ATH not the current $58k rise (or today's $64k). so it is not smaller, it would be the exact same size. if you invest $1 when price is $10 and it goes to $20 you double your money and end up with $2. if price is $10000 and it goes to $20000 you still double your money and end up with $2 even though it went up $10k.

secondly the rise should be bigger because past rises were a lot smaller. for example 2013 went from 20 to $1200 which is only 60x rise and the one before that was even smaller but i forgot how much. so we may end up with 200x rise instead of 133x

[stompix]

i'm talking about the end of the rise when we reach ATH not the current $58k rise (or today's $64k). so it is not smaller, it would be the exact same size. if you invest $1 when price is $10 and it goes to $20 you double your money and end up with $2. if price is $10000 and it goes to $20000 you still double your money and end up with $2 even though it went up $10k.

Yes, that goes for investment, but we were talking about how it would be possible for it to reach that price for the first time.
For the entire market cap to double it would take 210millions in the first scenario and 210 billion in the second.
1 million? 21 trillion needed!
Of course, lost coins, people that hold, bla bla, I know that ain't the sum but the same deductions from the overall happen on smaller sums so the proportions are still kept.

secondly the rise should be bigger because past rises were a lot smaller. for example 2013 went from 20 to $1200 which is only 60x rise and the one before that was even smaller but i forgot how much. so we may end up with 200x rise instead of 133x

You're still thinking in x rather than in overall value, which although not completely wrong it is not really a way of anticipating things, and you're going into the extrapolation trap


And another thing, let's assume we hit the 1 million figure based on the numbers you anticipate, it wound't have to stop there, right?
So, when it will stop? At one billion or at 1 trillion?

[eaLiTy]

Just a matter of time and time will answer all these questions. Bitcoin or the cryptocurrency world is full of surprises. Right now who would have thought bitcoin would reach $ 60k ATH. The highest price that many people could not achieve but was reached in a few years.

The entire cryptocurrency market is full of surprises as some of the coins which i thought was dead and dusted suddenly emerging with slight changes in their development and with the new hype trend words they are adding DeFi and other similar catchphrases to attract the investors once again and the dead markets started rallying during the last few months, basically i was surprised to see those dead projects for the past few years rallying but despite all this i doubt we will reach anyone close to a million dollars even in the next rally.

[lionheart78]

$1 million Bitcoin is feasible but I am afraid it won't be possible in this cycle, (assuming that this cycle ends at the end of this year)  People tends to exaggerate in order to put hypes on the market but let us face it, even if we wanted to see BTC break through $1M a piece, the current market is far from reaching it, let alone seeing BTC at $100k.

[Hypnosis00]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Totally just a dream...I can say that it was really impossible. 1BTC=$1mil, that was crazy. I'd stop thinking about that anyway because before we got into that price we will go and reach first at $100k which we are still far from happening.
And instead of thinking when we reach $100k, $1mil., better to focus on the situation we have now. It is really will come someday if a chance is given but for now, I put it aside coz it wasn't an important.

[Ridwan Fauzi]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Step by step, bitcoin is not a magic carpet that can make all prediction can be reached easily, it is not altcoin. Yeah, altcoin can do that depend on the whales who support for the price increase. Like Dogecoin that has been pumping by Elon Musk, take a look now its price movement, every time he says something than dogecoin will go up a lot.

But, bitcoin is not like that. Need many support for its price goes up a lot. We have been in sideaway market in a few weeks and bull market has a power to overcome it and now we still have a chance to make bitcoin increase to $100.000, yeah the first target for this cycle will be $100.000. After that, we will see huge increase to $1 million to create a history.

[STT]

All posts that say BTC goes down get deleted, thats how we rose so high.   Easy how simple that works out lol

where do you think all the money that will pump the price of x15 will come from?

Its more to do with the dollar disintegrating then just crypto rising, which is a more regular supply relatable to actual activity of some sort besides government fiscal budgeting needs expanding monetary base to favour itself.  We are still in the era of dollar dominance and a global reserve system based around just one political center which is not the best basis for capitalism and crypto isnt going to be the only alternative avenue of trade and value explored so it will be some years.  I agree the next halvening is more likely a reasonable target but also the Dollar itself loses value in this time most likely.  

[Oilacris]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Yeah, it might be only 15x but at least consider on what are the factors needed for the price to reach that point? Even on my wildest dreams i dont have any thoughts that we would be reaching on that point.

Unless if all the government in the world would have the same positive view towards bitcoin and been globally circulated and accepted but i highly doubt that it will happen.

Its better not to stress out yourself because waiting for those numbers will not surely be coming or would happen in our lifetime.

[Hippocrypto]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

If one day that will be a reality, I think that's the time it becomes a worldwide currency and probably cashless society would be popular. But though it was all speculations, that doesn't mean impossible because most people who been learning the digital world would potentially gain and acquire more knowledge from cryptocurrency instead of preserving the traditional fiat money.
It's more safe and reliable for everybody due to blockchain dependability.

[Shasha80]

Actually Bitcoin hit the price of $ 1 million is very possible, but of course it will not be achieved now. Bitcoin's rise is gradual and should be supported
by lots of positive news, so don't rush into a target of $ 1 million. Because the $ 100k target has not been reached, because Bitcoin's rise is
not instantaneous. It takes a lot of process that Bitcoin has to go through first. We just be patient, collect Bitcoin now, and don't have a target that is
too high, if it is not achieved, it will make us stressed. Set targets gradually and the most important thing is how we can get as much Bitcoin as we can.

[plr]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Suddenly I thought McAfee predicted that Bitcoin would reach 1 million last year it is possible that Bitcoin will reach the 1 million mark but not in the fast phase that experts are predicting,  it could happen in 3 or more years if adoption stays in the current phase and big names and companies will continue to support, this technology is fast evolving what we are seeing right now are totally different three years ago.

[Xinarae*]

Even if the price of bitcoin hits it will not be possible in one day its price gradually increases bitcoin has hit a lot more than in the past few years. I don't think it's possible to cycle 1 million in bitcoin so quickly It will take a long time to predict John McAfee, but it is very difficult to predict the crypto market because currencies tend to rise in demand. However the rate at which bulls are running in the market can develop rapidly.

[Kong Hey Pakboy]

I wouldn't hold on to that hope, we haven't even reached the 100k territory yet and that is another realm of challenge because we are basically trying to get 100k for over 10 times and we all know how difficult it is to even reach 100k because we haven't reached it yet.

[LUCKMCFLY]

When talking about reaching $ 1M, it is not unreasonable to do so, since many are believing that now Bitcoin can reach it, but for their part and the US through the Senate have manifested and all thanks to Coinbase, institutional investment and everything that investment globally leads to market.

Senator Lummis quoted:

“We’re seeing it come into the mainstream. You’re seeing people like Elon Musk (Tesla CEO) make big investments in Bitcoin. You saw Coinbase just today go public and have a valuation that is just dumbfounding.

And so it is going mainstream and that’s because everybody from [Goldman Sachs CEO] Jamie Dimon, who used to criticize Bitcoin, is looking at making an investment in Bitcoin because I think they finally understand why Bitcoin is a good solid store of value.”

Source: https://dailyhodl.com/2021/04/17/us-senator-says-bitcoin-going-mainstream-amid-massive-money-printing/

If the Senate is already making noise for Bitcoin, it means that the word has spread successfully, and it has only been 1 week that this has been in development, it only remains to wait how the first month on Wall Street can be developed by Coin from Coinbase. I think that without a doubt this will have a positive impact on the market, possibly another Bullish movement may occur ..

[Ibrahim60]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Bitcoin is the most potential and most popular coin in this present time. This Price is now so much volatile. Now bitcoin price around $61k. Bitcoin price increasing day by day. This is very possible to hit $1 million in this cycle. This can be happened in the end of this year or early, i hope so. Bitcoin can hit that target because day by day so many rich and normal people started investing on Bitcoin. Most of the are interested to know about bitcoin. So this is not impossible.

[Hamphser]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Bitcoin is the most potential and most popular coin in this present time. This Price is now so much volatile. Now bitcoin price around $61k. Bitcoin price increasing day by day. This is very possible to hit $1 million in this cycle. This can be happened in the end of this year or early, i hope so. Bitcoin can hit that target because day by day so many rich and normal people started investing on Bitcoin. Most of the are interested to know about bitcoin. So this is not impossible.

Dont make your hopes that high on saying hitting $1M for this year is attainable? It is way too impossible even on upcoming years to come.We might hit 6 digits but not would really

be coming into that point im not really that concluding but lets become realistic on here where we should consider on what are the things needed or the factors that needs to be
achieved first before we do consider with these levels of prices.

For now its better not to anticipate that much but if you do hold bitcoin for long term then these things wont be an issue.

[NeverSop]

To be honest, I'm ready to believe anything now, even this.

It seems that your faith is extremely generous.  Optimism is good for each investor's sentiment.  Regardless of today there is a reversal of the line with short correction.  Perhaps it is necessary to take action with this faith, just buy / hold bitcoin, it will be a worthy act.  I can't imagine bitcoin hitting 7 numbers.  It is most feasible to get to $ 75k very early in this trend.

[onecall123]

To be honest, I'm ready to believe anything now, even this.

It seems that your faith is extremely generous.  Optimism is good for each investor's sentiment.  Regardless of today there is a reversal of the line with short correction.  Perhaps it is necessary to take action with this faith, just buy / hold bitcoin, it will be a worthy act.  I can't imagine bitcoin hitting 7 numbers.  It is most feasible to get to $ 75k very early in this trend.

What happened with BTYC market, It can be recovered! Just a weekly candle dip, nothing much to see. A lot of hungry buyers probably already had buy orders at 52k but immediately reversed back $55K. BTC is already trading around $57K and then move all the way back up and find ATH.

[RealMalatesta]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Within this cycle? I doubt that. You are taking about 15x from the current price levels but bitcoin is known for leaping 10x from previous ATH and from any price level we notice/talk about. Probably by 2025 cycle, we could get into more than one million dollar levels if we will be finishing up this current cycle for more than 100k price levels.

Yeah, what is going to be the final ATH of this cycle will be playing a vital role on deciding how qucikly we are going to experience one million dollar level for one bitcoins. Personally I'm expecting this cycle will be having ATH above $380k levels and from that, there will not be any problem to test $1M levels after 4th halving.

[Poker Player]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Within this cycle? I doubt that. You are taking about 15x from the current price levels but bitcoin is known for leaping 10x from previous ATH and from any price level we notice/talk about. Probably by 2025 cycle, we could get into more than one million dollar levels if we will be finishing up this current cycle for more than 100k price levels.

Yeah, what is going to be the final ATH of this cycle will be playing a vital role on deciding how qucikly we are going to experience one million dollar level for one bitcoins. Personally I'm expecting this cycle will be having ATH above $380k levels and from that, there will not be any problem to test $1M levels after 4th halving.

Yes, I assume you rely on, or have heard, the supercycle theory, which predicts that $1M cap for this cycle. I hope you are correct but it seems overblown to me too. I think we will pass $100k for sure, then where the cap will be I don't know but I would say between $150k and $300k.

[kpierce77]

For the current market cycle, $1m is still irrelevant. indeed a lot of people will buy bitcoin if there is a correction to the price level of $50k and I'm sure bitcoin price recovery is also faster nowadays. Bitcoin now has many major holders like Tesla and other big companies that have faith in bitcoin, however the current ATH is still under $80k range. In order to get higher, bitcoin must have other major holders and maybe wait for more retail investors to come and put their money

[Saisher]

I don't know and I don't care. And you shouldn't either. Bitcoin price is already more than great for this cycle.

We just have to look back a year ago when the pandemic sets in and check the price, it goes up ten times already and continues to grow, if it will go through $100k it will go through, things will unfold, just as things unfold after the halving, I never rule out dip or crash its part of the market, the most important thing when investing is the right time to get in and get out.

[virasog]

I don't know and I don't care. And you shouldn't either. Bitcoin price is already more than great for this cycle.

We just have to look back a year ago when the pandemic sets in and check the price, it goes up ten times already and continues to grow, if it will go through $100k it will go through, things will unfold, just as things unfold after the halving, I never rule out dip or crash its part of the market, the most important thing when investing is the right time to get in and get out.

Seriously speaking  i am always optimistic about bitcoin and thought that 100K was possible in this market cycle. But then seeing today's 10K crash i am forced to rethink a realistic market cycle top. The bitcoin price stabilized for few hours over 55K but now again dumping which makes me think whether 62K was the market cycle top ?

[smyslov]

Seriously speaking  i am always optimistic about bitcoin and thought that 100K was possible in this market cycle. But then seeing today's 10K crash i am forced to rethink a realistic market cycle top. The bitcoin price stabilized for few hours over 55K but now again dumping which makes me think whether 62K was the market cycle top ?

What's new on this, it's been happening ever since, we have seen everything already correction, crash and dipping is not something that we should all worry about, we should expect this to happen, the market will bounce back if it is still in the bull season, I still see Bitcoin reach $60k before the end of the month and will end the price at $100k heading to 2022, it's a moderate prediction others are predicting as high as $300k

[blockman]

For the current market cycle, $1m is still irrelevant. indeed a lot of people will buy bitcoin if there is a correction to the price level of $50k and I'm sure bitcoin price recovery is also faster nowadays. Bitcoin now has many major holders like Tesla and other big companies that have faith in bitcoin, however the current ATH is still under $80k range. In order to get higher, bitcoin must have other major holders and maybe wait for more retail investors to come and put their money

They're already in as you've said, even with the existing big companies that we have, they only have to get most of the coins in the circulation. They're getting most of the supplies through exchanges and they're buying as much as they can. But that's a good addition if there will be more financial institutions and other big companies who will invest in bitcoin if they share the same thoughts about its future.

[suzanne5223]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

First, the highest ATH price of the Bitcoin market is had to predicted and people like Raoul Pal mostly make a ridiculous prediction just to get more relevant within the cryptocurrency community because the crypto market price is not controlled by anyone and the last time I checked the great investors we currently have in the market are institutional investors and they can dump their holding when they please.

[wxa7115]

$1M per coin, to me, is asking a bit too much. The amount of cash needed to flow into bitcoin and crypto for this to happen is insane, and we're not at the point wherein everyone is pro-bitcoin and doesn't see anything wrong with it. The question is not 'when' but rather 'how' or under 'what circumstances' would we be reaching $1 million dollars per coin. Most of the money in the world are still parked on stocks, bonds, gold, and derivatives, and it will take a long ass time before these investors give in to what bitcoin can offer.

You are not wrong however the scenario is not as impossible as it may seem, during the bull run the money that has been invested in bitcoin has been insane as well and if more institutional investors came then such a price could be a possibility.

What we need to wonder is what kind of scenario could bring the price to move so high? And the only scenario that I see that could push the price so high is for the economy to begin to fail and hyperinflation to begin to show its face, we know that when that happens governments do not really stop printing money and against all logic they keep printing more of it, if that were to happen one millions dollars for each coin is not out of the question.

[Fatunad]

$1M per coin, to me, is asking a bit too much. The amount of cash needed to flow into bitcoin and crypto for this to happen is insane, and we're not at the point wherein everyone is pro-bitcoin and doesn't see anything wrong with it. The question is not 'when' but rather 'how' or under 'what circumstances' would we be reaching $1 million dollars per coin. Most of the money in the world are still parked on stocks, bonds, gold, and derivatives, and it will take a long ass time before these investors give in to what bitcoin can offer.

You are not wrong however the scenario is not as impossible as it may seem, during the bull run the money that has been invested in bitcoin has been insane as well and if more institutional investors came then such a price could be a possibility.

What we need to wonder is what kind of scenario could bring the price to move so high? And the only scenario that I see that could push the price so high is for the economy to begin to fail and hyperinflation to begin to show its face, we know that when that happens governments do not really stop printing money and against all logic they keep printing more of it, if that we are to happen one millions dollars for each coin is not out of the question.

But are those scenarios way too realistic? No it wont happen but im not saying that its impossible for bitcoin not to reach out $1M but we should consider that it would really be needing
global mass adoption into that high level extent or going full scale for us to reach out even 6 digit price and its way too far in my opinion to think up that we would really be reaching it out.
I dont know on why people do keep on presuming or asking about 1m price if its clear that this one is something really hard to achieved.Better to stick or mind off
about reaching $100k where it is way more realistic and it wont really be taking too much time.

[slapper]

Raoul Pal? Who is this guy? I have never seen him before? 45k followers on Twitter? My mom has more followers than him and can even make a more sense statement regard to bitcoin

Honestly, you do not need to care about anyone saying because bitcoin will absolutely have better value day by day. 1 million is capable. But is it a big concern to us? It don't. Instead of wasting your time dreaming and begging, what about learning cryptocurrency? The technologies behind every blockchain and knowledge are the most precious things you can find in this digital world. The better understanding, the better investment you can make

[tygeade]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

It will be depending on how long this cycle will persist. Usually bull markets will not sustain beyond the December month but if we have continuous support from intuitions then there are plenty of chances for bull run to continue even in 2022. In that case like you speculate another 15x rally may become possible. But, if we assume like what happened on previous cycles, then may be another 2x or 3x or 6x rally alone possible by considering this current cycle will end by this December and from current ATH.

Anything could be possible in this bitcoin markets and I will not be shocked even another 15x appreciations will happen before end of this December. Because, most people were speculating about 10k by end of 2017 but that happened on November 2017 itself and in December 2017, prices just got double in less than 3 weeks of time.

[doomloop]

Anything could be possible in this bitcoin markets and I will not be shocked even another 15x appreciations will happen before end of this December. Because, most people were speculating about 10k by end of 2017 but that happened on November 2017 itself and in December 2017, prices just got double in less than 3 weeks of time.

As almost all the people here are believing in to such a thing and that is the reason we are easily getting into FOMO. When more number of people believe into the actual potential of bitcoin like anything could happen in bitcoin markets, then everybody will be rushing to catch lower price levels, this way I agree with you that there are plenty of chances for one million dollars level to happen within this year as well. In some perspective, altcoins are doing their job more perfectly which means more investors will get into this crypto space and definitely will diversify that will be ending up in boosting bitcoin's bull run further.

[wxa7115]

$1M per coin, to me, is asking a bit too much. The amount of cash needed to flow into bitcoin and crypto for this to happen is insane, and we're not at the point wherein everyone is pro-bitcoin and doesn't see anything wrong with it. The question is not 'when' but rather 'how' or under 'what circumstances' would we be reaching $1 million dollars per coin. Most of the money in the world are still parked on stocks, bonds, gold, and derivatives, and it will take a long ass time before these investors give in to what bitcoin can offer.

You are not wrong however the scenario is not as impossible as it may seem, during the bull run the money that has been invested in bitcoin has been insane as well and if more institutional investors came then such a price could be a possibility.

What we need to wonder is what kind of scenario could bring the price to move so high? And the only scenario that I see that could push the price so high is for the economy to begin to fail and hyperinflation to begin to show its face, we know that when that happens governments do not really stop printing money and against all logic they keep printing more of it, if that we are to happen one millions dollars for each coin is not out of the question.

But are those scenarios way too realistic? No it wont happen but im not saying that its impossible for bitcoin not to reach out $1M but we should consider that it would really be needing
global mass adoption into that high level extent or going full scale for us to reach out even 6 digit price and its way too far in my opinion to think up that we would really be reaching it out.
I dont know on why people do keep on presuming or asking about 1m price if its clear that this one is something really hard to achieved.Better to stick or mind off
about reaching $100k where it is way more realistic and it wont really be taking too much time.

I did not said that it was likely I said that it was not impossible and as we know there are very few things that are really impossible, reaching one million dollars for each coin will be very difficult, I think a more conservative prediction assuming the bull run lasts at least until the end of this year could be something like 100k to 150k for each coin.

However if this is a cycle that defies all expectations and the price keeps going up for years then the sky is the limit, however as I said this will require certain circumstances to take place and the most important is probably that governments keep printing money at a high rate and this causes institutional investors to get nervous to the point they look for alternatives to protect their wealth and they find in bitcoin the best choice available for them to do this.

[Fatunad]

$1M per coin, to me, is asking a bit too much. The amount of cash needed to flow into bitcoin and crypto for this to happen is insane, and we're not at the point wherein everyone is pro-bitcoin and doesn't see anything wrong with it. The question is not 'when' but rather 'how' or under 'what circumstances' would we be reaching $1 million dollars per coin. Most of the money in the world are still parked on stocks, bonds, gold, and derivatives, and it will take a long ass time before these investors give in to what bitcoin can offer.

You are not wrong however the scenario is not as impossible as it may seem, during the bull run the money that has been invested in bitcoin has been insane as well and if more institutional investors came then such a price could be a possibility.

What we need to wonder is what kind of scenario could bring the price to move so high? And the only scenario that I see that could push the price so high is for the economy to begin to fail and hyperinflation to begin to show its face, we know that when that happens governments do not really stop printing money and against all logic they keep printing more of it, if that we are to happen one millions dollars for each coin is not out of the question.

But are those scenarios way too realistic? No it wont happen but im not saying that its impossible for bitcoin not to reach out $1M but we should consider that it would really be needing
global mass adoption into that high level extent or going full scale for us to reach out even 6 digit price and its way too far in my opinion to think up that we would really be reaching it out.
I dont know on why people do keep on presuming or asking about 1m price if its clear that this one is something really hard to achieved.Better to stick or mind off
about reaching $100k where it is way more realistic and it wont really be taking too much time.

I did not said that it was likely I said that it was not impossible and as we know there are very few things that are really impossible, reaching one million dollars for each coin will be very difficult, I think a more conservative prediction assuming the bull run lasts at least until the end of this year could be something like 100k to 150k for each coin.

However if this is a cycle that defies all expectations and the price keeps going up for years then the sky is the limit, however as I said this will require certain circumstances to take place and the most important is probably that governments keep printing money at a high rate and this causes institutional investors to get nervous to the point they look for alternatives to protect their wealth and they find in bitcoin the best choice available for them to do this.

Inflation is another thing but i do agree towards your view about those institutional investors would doing such step.Going back in the talks of million per coin on bitcoin then its impossible.
I wont be saying about chances because even with full adoption then we cant really go with this certain extent.Im not that negative but this would take years or even
wont be possible or can be seen into our lifetime so i wont really be bothered on stressing out myself if we would reach out these levels but its good to see
that we would be breaking new all time high's soon.

[STT]

Im one of the more bearish speculators or traders on here, Im always looking for a pullback but a one million cycle is possible however you put yourself this year it can happen eventually.   The problem with any larger target, it wont happen in isolation.   So events of the last year have been unprecedented not just with a virus as that has happened before just not on this scale and so universally but most of note and related is the moves in finance which moved us so far into the next stage of dollar devaluation.   To speculate on 1 million really I expect more of this grand scale macro economic moves, I dont know the details but large moves happen not in isolation but likely alongside a general tectonic change to the worlds structure in some way. 
  To put it briefly lots of prices changed quite alot in the last year, BTC didnt move alone and so a big target like this also comes in a wider mass of change.

[rahmatrf331]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

looks like a dream will come true, very shocked bitcoin price now than a few months ago. bitcoin nearly hit $ 1 million in this year's cycle. nothing is uncertain, over time bitcoin has always been a top token. The price of $ 55K will be Bitcoin's lowest price. Bitcoin is a real investment that will continue to increase every month. so there is no harm in bitcoin will hit the target with an exchange value of $ 1 million.

[SquallLeonhart]

bitcoin nearly hit $ 1 million in this year's cycle. nothing is uncertain, over time bitcoin has always been a top token. The price of $ 55K will be Bitcoin's lowest price. Bitcoin is a real investment that will continue to increase every month. so there is no harm in bitcoin will hit the target with an exchange value of $ 1 million.

Bitcoin will hit $1M price levels, I'm sure about that but expecting that to happen within this year is definitely not practical. I mean the current cycle may not last beyond this year end. So, if you are expecting $1 million to be happening within this current cycle then we are having only eight more months are left for that. From $60k to $1000k in eight months is not just difficult but definitely impossible.

I believe we can expect maximum $400k by end of this cycle. So, we need to wait for another four years to have bitcoin hitting one million dollar levels. I agree anything could happen, still just speculating based on how many investors bitcoin could attract in current cycle and in next 4 years.

[fadhilz123]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Why you doubt it?? Bitcoin will do it, learn about scarcity, and you will know and believe that Bitcoin will. But the question is when?? For this one of course no one knows, so no too late if people want to join in Bitcoin. They should know that Bitcoin will keep increasing, day after day, month after month,  year after year, even if correction, will recover again sooner or later

[BitcoinPanther]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

NO, Bitcoin won't reach $1M this cycle.  I think we have to wait for another decade in order for BTC to reach $1m.  As the price of a coin increase, the growth percentage will start to decline because it needs a lot more capitalization and fund to come in.  Even with the institution getting involved, the market price won't grow that fast.

[wxa7115]

Im one of the more bearish speculators or traders on here, Im always looking for a pullback but a one million cycle is possible however you put yourself this year it can happen eventually.   The problem with any larger target, it wont happen in isolation.   So events of the last year have been unprecedented not just with a virus as that has happened before just not on this scale and so universally but most of note and related is the moves in finance which moved us so far into the next stage of dollar devaluation.   To speculate on 1 million really I expect more of this grand scale macro economic moves, I dont know the details but large moves happen not in isolation but likely alongside a general tectonic change to the worlds structure in some way. 
  To put it briefly lots of prices changed quite alot in the last year, BTC didnt move alone and so a big target like this also comes in a wider mass of change.

Exactly, we will need a combination of factors for that to happen, to begin with I think we will need another black swan, the pandemic came out of nowhere, I still remember seeing the first reports of a new virus in China but I thought it could be contained and it will have no effect on our lives, it is funny to think how wrong I was about this now that more than a year has passed since then and the world changed in front of our eyes because of it.

Then we will need governments to keep printing money and institutional investors getting worried about this, then we will need banks to begin to give loans as never before, this will accelerate money velocity and inflation, and we will probably need a few more factors but I am not an expert on the topic to know what they are.

[DU18]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

NO, Bitcoin won't reach $1M this cycle.  I think we have to wait for another decade in order for BTC to reach $1m.  As the price of a coin increase, the growth percentage will start to decline because it needs a lot more capitalization and fund to come in.  Even with the institution getting involved, the market price won't grow that fast.

It is too early for us to expect the bitcoin price to hit $1 million in the near future, I think the most realistic bitcoin price that is possible in the current cycle will only hit a price of $ 100K and that too is likely to happen  occurs at the end of 2021, given the positive trend that has occurred in bitcoin in the last few months it looks like bitcoin will continue to maintain its bullish phase until the end of the year and hopefully by the end of the year we can see the latest price records that have occurred in bitcoin.

[TheGreatPython]

It is too early for us to expect the bitcoin price to hit $1 million in the near future, I think the most realistic bitcoin price that is possible in the current cycle will only hit a price of $ 100K and that too is likely to happen  occurs at the end of 2021, given the positive trend that has occurred in bitcoin in the last few months it looks like bitcoin will continue to maintain its bullish phase until the end of the year

I don't think it is too early because bitcoin just need another 20x progress to reach $1 million price level. Even bitcoin has not showed that kind of wild appreciation in short period of time, why not we cannot expect at least this time that to happen? Just an out of box thinking.

I am just expecting as per the potential of bitcoin and its attractiveness on getting new investors on board. If other countries' institutions will be copying what microstaregy and grayscale has done with bitcoins, that would take bitcoins to $1 million levels in the remaining months of 2021.

[beerlover]

I believe we can expect maximum $400k by end of this cycle. So, we need to wait for another four years to have bitcoin hitting one million dollar levels. I agree anything could happen, still just speculating based on how many investors bitcoin could attract in current cycle and in next 4 years.

I guess there is no limit in number of investors bitcoin going to attack and no one could estimate the potential of those investors; it means your speculation about waiting for another year is getting void this way. I mean when we cannot judge anything now itself, new investors may take bitcoin to any level at any time.

If other countries' institutions will be copying what microstaregy and grayscale has done with bitcoins, that would take bitcoins to $1 million levels in the remaining months of 2021.

I read that there are lots of other institutions are already copying microstaregy but not in great number of bitcoins. Only very few corporate decided to risk more with bitcoin investments and all others are just testing their hand with bitcoins as they are doing it for very first time.

[ene1980]

I don't think it is too early because bitcoin just need another 20x progress to reach $1 million price level. Even bitcoin has not showed that kind of wild appreciation in short period of time, why not we cannot expect at least this time that to happen? Just an out of box thinking.

So you think in hindsight it is too easy to reach a million dollars, people are loosing the valuation of assets and thinks that it is easily achievable. Lets see how much you are willing to shell out as transaction charges, right now i am spending around $25 for a transaction and the price is around $50k to $60k, just do the math and tell me how much you are willing to pay every transaction when it reaches a million dollars. Unless these situations are sorted never think about reaching these insane valuations.

[ILuckyGuyI]

Why wouldn't it be possible? In the end, there is no limitation for Bitcoin price to be able to reach. I think that we will see this price in 10-15 years. Bitcoin price will increase gradually before reaching 1 million dollars. But who knows, maybe I'll get wrong and it'll happen way sooner.

[bryant.coleman]

Inorder for Bitcoin to have such a huge unit price (which would translate in to a market cap of around $18 trillion), it needs to expand the user base by 10-20 times from the current level. For example, Gold is having a market cap of around $12 trillion right now, and it is being used by close to 5 billion people. For Bitcoin, the number of active users, even from a liberal standpoint is only around 1%-2% of that number. So if we want to go beyond the $1 trillion mark, then not just the user base, but the acceptability also needs to increase.

[Obito]

Why wouldn't it be possible? In the end, there is no limitation for Bitcoin price to be able to reach. I think that we will see this price in 10-15 years. Bitcoin price will increase gradually before reaching 1 million dollars. But who knows, maybe I'll get wrong and it'll happen way sooner.

It might not even take a decade for this kind of price to really happen because if you think about it and see the price increase, it's an exponential increase meaning that there's a possibility that it can happen in about 2 or 5 years which is why we need to hodl on to our bitcoins because we know that there's an endless potential and you don't want to miss out on the opportunity.

[KaliLinux]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Yes really possible, you must know that the price bottom of Bitcoin always increases, and today the current price is $55K but someday $55K will be the bottom price of Bitcoin. Bitcoin is a real investment that will keep increasing

If you in 2007 and already know about Bitcoin which worth nothing, maybe your question will Bitcoin at $55K this cycle really possible?

So Hold it and you will meet it

I am guessing that when OP said "In this circle" would mean that before we see the next Bear market or Bitcoin hitting a new ATH of $1m from where we are now   I don't think that is possible now and not that Bitcoin cannot do it but not in this circle.
Think about it, from the last ATH of 2017 of about $19,655 per Bitcoin, how many X has Bitcoin done to this new ATH of $$64,804.72?
So doing 15x is not, JUST. that's a whole lot of funds from investors to push Bitcoin to that amount and that is not going to be a quick thing but over a time period.

[Saisher]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

The late John McAfee starting this goal he really thinks Bitcoin will reach but on a wrong year he thought last year, it's possible for Bitcoin to reach $1 million but it will take two or three halvings before it happens so it's better to allocate Bitcoin however small it is, it will make a big difference in the next two halvings.

[Kittygalore]

I think it's possible but probably it will happen around the end or just before the end of the cycle but I think that something unexpected might even happen, I mean we didn't expect bitcoin to reach 50k around November 2020 because we were still talking about it going up to 20k and then going back down after going up that high.

[Ozero]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Yes really possible, you must know that the price bottom of Bitcoin always increases, and today the current price is $55K but someday $55K will be the bottom price of Bitcoin. Bitcoin is a real investment that will keep increasing

If you in 2007 and already know about Bitcoin which worth nothing, maybe your question will Bitcoin at $55K this cycle really possible?

So Hold it and you will meet it

The last cycle of price growth, which began in October last year and ended in May this year, ended with bitcoin rising above $ 64,000, after which it fell more than 50 percent to $ 30,000 and below. We see that each cycle of price growth ends in a significant fall and this greatly hinders the achievement of high price growth in bitcoin. Therefore, it is too early to talk about Bitcoin reaching a price of one million dollars. At this stage, such a price is absolutely unrealistic. So far, no one can even say whether such a price is possible at all.

[fullhdpixel]

I am guessing that when OP said "In this circle" would mean that before we see the next Bear market or Bitcoin hitting a new ATH of $1m from where we are now   I don't think that is possible now and not that Bitcoin cannot do it but not in this circle.
Think about it, from the last ATH of 2017 of about $19,655 per Bitcoin, how many X has Bitcoin done to this new ATH of $$64,804.72?
So doing 15x is not, JUST. that's a whole lot of funds from investors to push Bitcoin to that amount and that is not going to be a quick thing but over a time period.

Even if we take the next 2 years as indicator on "this cycle" I have to say it will not be a million dollars. That is around 25x increase on bitcoin, which already had nearly a 10x increase already compared to last years bottom. So, it is obvious that we will not see it, that is way too much money and we are talking about like ALL big banks going into crypto levels of money (or hedge funds or whatever) and we do not have that type of hype right now, we probably won't have one in a long time as well.

I have to say 100k or even 200k could be reached in the upcoming year or two but that's about it, we need to be calm about the increases because if we aim at 1 million and it reaches 100k then we will not be happy, in order to be happy about every increase, we should be happy with lower than what it is right now. For example I am happy with anything above 25k, which means if it ever reaches 100k that's 4x more than I want but only 10% of what you want, that is going to have different effects on us.

[BlackHatCoiner]

I have to say 100k or even 200k could be reached in the upcoming year or two but that's about it, we need to be calm about the increases because if we aim at 1 million and it reaches 100k then we will not be happy, in order to be happy about every increase, we should be happy with lower than what it is right now. For example I am happy with anything above 25k

Lots of happiness, isn't it?

Hate to make this comparison, but people in a pyramid scheme are getting happier and happier as long as newcomers enter the market. The more the newcomers, the more the money in circulation. While I don't think that Bitcoin is a ponzi (except if we assume everything is), I do observe a “pyramidic” behavior from its users speculators. The damn thing reached one trillion market cap and people aren't satisfied yet; you know what? Because the unsatisfied ones are newcomers who want to become rich. Ask any old bug who held his BTC for more than 5 years and you'll find him excellently satisfied.

So, if you ask me, I find it extremely likely for Bitcoin to reach another crazy ATH (not $1M necessarily), because it will have newcomers; it doesn't stop there as long as new people acknowledge its importance.

[Lanatsa]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Mind off first on how we gonna break $60k before considering a million per coin.We should be at least realistic on our goals or target in mind because it would just frustrate you once bitcoin wouldn't
able to reach out that level.

Be mindful rather on how we reach $100k and then consider on gradual phase of increase before hitting up even half a million would really be hard on this years or might take time or wont
really be achieved at all.

Better to stick out or mind off about your investment for long term and would accumulate as much as you can.

[rahmatrf331]

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Mind off first on how we gonna break $60k before considering a million per coin.We should be at least realistic on our goals or target in mind because it would just frustrate you once bitcoin wouldn't
able to reach out that level.

Be mindful rather on how we reach $100k and then consider on gradual phase of increase before hitting up even half a million would really be hard on this years or might take time or wont
really be achieved at all.

Better to stick out or mind off about your investment for long term and would accumulate as much as you can.

thinking about something that doesn't need to be thought about, makes people who read it dizzy thinking about it. the current condition of bitcoin is still at $39,000 to be able to move at $50,000 I think it's lucky. why think when bitcoin can reach $1 million a coin.
maybe bitcoin hit such a price, but how many assets have you amassed to reach that peak?

[Vishnu.Reang]

thinking about something that doesn't need to be thought about, makes people who read it dizzy thinking about it. the current condition of bitcoin is still at $39,000 to be able to move at $50,000 I think it's lucky. why think when bitcoin can reach $1 million a coin.
maybe bitcoin hit such a price, but how many assets have you amassed to reach that peak?

The ATH stands at $64,000 (April 2021), so that should be our baseline scenario. Since the user base and acceptability is always increasing, theoretically at least there is no reason to believe that those levels won't be achieved again. Personally I am not worried about achieving a particular level within this cycle. I first invested in Bitcoin almost 5 years back (January 2017). And since then, I have witnessed several cycles. I am holding most of my coins ever since I made my first investment, and I don't have any issues in holding them for another 5 years (if that is required).

[electronicash]

there's only 20M BTC left since 1M belongs to satoshi which he already forgot, probably considered it donated to the world. now it's gone.

with more are lost from people who forgot their keys which there is no way of accessing them. 20M is very few for the 8B people in the world where 1 person today does own more than thousands. Bitcoin is very rare. maybe in the next 10 to 20 years, it could be a million. they were saying it could be $300K next year.

[BlackHatCoiner]

there's only 20M BTC left since 1M belongs to satoshi which he already forgot, probably considered it donated to the world. now it's gone.

At the moment, there are less than 19 million coins. You should also count the OP_RETURN-ed coins which are burnt for good and the intentionally sent bitcoins to burning addresses. They are also burnt for good, because it is extremely unlikely to find a private key given only the RIPEMD-160 bits.

Some studies say that around 4 million coins are gone including Satoshi's. Fun fact, but Hal Finney calculated the world's wealth with 20 million coins instead of 21. He probably guessed or took for granted that around 4.7% of the coins will be lost from circulation. 

[sana54210]

At the moment, there are less than 19 million coins. You should also count the OP_RETURN-ed coins which are burnt for good and the intentionally sent bitcoins to burning addresses. They are also burnt for good, because it is extremely unlikely to find a private key given only the RIPEMD-160 bits.

Some studies say that around 4 million coins are gone including Satoshi's. Fun fact, but Hal Finney calculated the world's wealth with 20 million coins instead of 21. He probably guessed or took for granted that around 4.7% of the coins will be lost from circulation. 

Even with all of that, 1 million per bitcoin is "possible" but not anytime soon. That was the consideration for this topic, "this cycle" and it doesn't matter how many bitcoins are gone for the short period of time, whenever a coin is gone that matters overall but it doesn't change the price right now. Like I could burn 1 bitcoin right now and it will not help as much as buying 1 bitcoin, that is the key factor here.

I end up thinking what I can do with it, and at the end of the I rather see people buying rather than see people burning for now, but since I am a long term investor, coins being burned is a lot better for me in the long run, like if you burn 10k bitcoins today, it will have a huge impact 10 years later down the line, it really does matter. One of the biggest examples of this is that whenever there is a halving, we end up seeing price going up.

[dunfida]

there's only 20M BTC left since 1M belongs to satoshi which he already forgot, probably considered it donated to the world. now it's gone.

with more are lost from people who forgot their keys which there is no way of accessing them. 20M is very few for the 8B people in the world where 1 person today does own more than thousands. Bitcoin is very rare. maybe in the next 10 to 20 years, it could be a million. they were saying it could be $300K next year.

Presuming with the overall supply excluding those coins that lost forever then we can say that it is really scarce and it all matters with the demand if it would able to reach out that high in near future

then we would really expect that there would be some huge increase but i dont really believe that it would reach out a million in price but who knows right?

Bitcoin had never failed to impress the community on where it could just make out some price pump basing off with those sentiments.

[DeathAngel]

$1,000,000 this cycle is too soon, I think we will get over $100,000 this year but $1,000,000 is too much. We might hit that kind of number in 2025 though or more realistically 2029 after the next two halvings.