Bitcoin at $1 million this cycle really possible?

[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

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[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.