CoinDesk editor believes Bitcoin will hit 1 million per coin.

[el kaka22]

I do believe the same thing, don't you? I mean I do not believe that it will happen anytime soon, but I believe it will happen "eventually" and if you are in crypto and you truly understand what bitcoin is, you would believe that it will eventually happen as well. Bitcoin is a coin that is pegged to dollars, dollars lose value every year because of inflation, and money printing and the debt, which means eventually dollar will get so devalued that bitcoin will be one million dollars per coin.

Of course the fact that more and more people invest into bitcoin matters as well, the more people who wants to buy bitcoin the less bitcoin available for them to buy, and some companies or people buy bitcoin and just hold it for long term which leaves less bitcoin in the market to be bought as well. All these combined means "eventually" it will reach to a million each.

[1715660628]

1715660628

[1715660628]

1715660628

[Ridwan Fauzi]

First of all, bitcoin need a correction. I don't know what always happened in every weekend where bitcoin price always been pumped. The previous monthly candle for bitcoin price has been formed as a red candle it means technically bitcoin price should meet a correction first and after that we will see a huge increase from that.

But yeah that based on technical analyst side, I don't know what will happen next since the things that really affect bitcoin price movements always start from the fundamental side. The bitcoin user will always hope bitcoin always increase to the high price, like now they will expecting that bitcoin can increase to $100.000.

[leea-1334]

Is he the new John Mcafee?
This is just bullish wishful thinking.The price will never hit 1 million per BTC.Let's be more realistic and stay in the 100K-200K USD frame,when it comes to bullish price predictions.
I don't know what force would pump the BTC price to 1M USD?I can't imagine such financial power.
The US federal reserve buying Bitcoins?China buying Bitcoins?Global mass adoption of Bitcoin as a reserve currency?All 3 options seem pretty unrealistic.

I do not think there is anyone today who wants to be the new McAfee,,, especially when he has such a bad reputation now for shilling and getting paid for it, then running away and now finally getting jailed for tax evasion!

I also do not think 1 M is realistic but I would never rule it out,,, crypto is becoming something bigger than anyone imagined now.

[ultrloa]

Is he the new John Mcafee?
This is just bullish wishful thinking.The price will never hit 1 million per BTC.Let's be more realistic and stay in the 100K-200K USD frame,when it comes to bullish price predictions.
I don't know what force would pump the BTC price to 1M USD?I can't imagine such financial power.
The US federal reserve buying Bitcoins?China buying Bitcoins?Global mass adoption of Bitcoin as a reserve currency?All 3 options seem pretty unrealistic.

I do not think there is anyone today who wants to be the new McAfee,,, especially when he has such a bad reputation now for shilling and getting paid for it, then running away and now finally getting jailed for tax evasion!

I also do not think 1 M is realistic but I would never rule it out,,, crypto is becoming something bigger than anyone imagined now.

Any publicuty whether good or bad still publicity and imagine if your name will be placed on many official crypto media sites you will get instant fame and fame make your name here became expensive. We are on crypto and every news you spread especially if you are famous is possibly can caught attention and I believe this is the only intention of those people who keep spreading unrealistic prediction about future price of bitcoins.

[Lucius]

Is he the new John Mcafee?

There is a big difference between him and this guy - the former claimed to know exactly when it would happen, the latter clearly says he has no idea when it will happen - pure speculation based on his personal opinion.

This is just bullish wishful thinking.The price will never hit 1 million per BTC.Let's be more realistic and stay in the 100K-200K USD frame,when it comes to bullish price predictions.

Never say never when it comes to Bitcoin, no matter how impossible something may sound - because I personally remember when people said that BTC would never reach a price of $1000 again, and 5 years ago few dared to speculate on a price higher than $10 000.

I don't know what force would pump the BTC price to 1M USD?I can't imagine such financial power.
The US federal reserve buying Bitcoins?China buying Bitcoins?Global mass adoption of Bitcoin as a reserve currency?All 3 options seem pretty unrealistic.

Everything you wrote and of course the central banks, but the question really is how realistic these options are - only time will tell.

[proudhon]

how realistic do you feel his statements is?

It is provably unrealistic. Bitcoin won't ever even reach it's all time high again. $70k is out of the question, to say nothing of $1m.

[Lucius]

It is provably unrealistic. Bitcoin won't ever even reach it's all time high again. $70k is out of the question, to say nothing of $1m.

Why this unreasonable trolling and FUD? Your post history is full of completely wrong estimates (if we can call them that at all), and this way you only increase that pile even more. Only a completely inexperienced beginner can believe this nonsense. We are now in 2021 and Bitcoin is still here, how is it possible that it did not disappear last year?

The price will hit $5,000 again in 2018, and even approach $1,000. In 2019 the price will go below $1,000 on its way to complete collapse and failure. 2020 bitcoin will be done. Facts.

[beerlover]

I believe this is the only intention of those people who keep spreading unrealistic prediction about future price of bitcoins.

But I do not call this "unrealistic prediction". People may call for anything but I am seeing into the real potential of bitcoins hence probably this is what going to happen with bitcoin prices in coming months and then people who predicted accurately will get into limelight for their exact speculations. Overall, do not bother the intension of those people; but look into how much possible for those predictions to become real among on going bull run.

eventually dollar will get so devalued that bitcoin will be one million dollars per coin.

Dollars' devaluation due to high inflation must be the core reason for investors getting into alternate opportunities which includes bitcoins. But at the same time, we cannot ignore the in-built potential of bitcoins which includes limited supply and digital gold standard and all new decentralized payment etc. I believe these characteristics are the basics for any high value of bitcoins.

[fullhdpixel]

Is he the new John Mcafee?

There is a big difference between him and this guy - the former claimed to know exactly when it would happen, the latter clearly says he has no idea when it will happen - pure speculation based on his personal opinion.

I would say that the difference between McAffee and any other bitcoin maximalist would be just the date, otherwise we all believe on the same thing. The date is unknown, maybe 100 years from now, maybe 10, maybe tomorrow (okay probably not tomorrow: D) it will be 1 million dollars because dollar worths less and less and less in the end.

A million dollars 50 years ago would have made you so rich that you could have lived 10 lives with it, you would have a billion by now, a million dollars 100 years ago was so rich that you would be one of the richest person in the entire USA nation, however 1 million dollars 10 years ago was just a decent money, not really "set for life" type of money for many, and now.. it is still decent, I mean 60k is yearly median income so that is 16 years worth, considering inflation let’s say 10 years guaranteed, but it is still not set for life.

[Quidat]

In an live interview with Yahoo Finance Coindesk Editor has boldly claimed that bitcoin will be hitting $1 million dollar per one bitcoin, and given the current market trends how realistic do you feel his statements is?. Also if you believe there’s a huge possibility of this being true, then what time frame would you speculate about seeing Bitcoin prices crossing this huge milestone.

Source:

https://finance.yahoo.com/video/believe-estimates-bitcoin-eventually-hit-201346367.html

He should at least consider for us to reach $100k first before talking about millions.Well, this is a free market and everyone could really say up things on whats into his mind.
We've been seeing 200-300-500k towards price predictions but if we do really consider out on what are the factors needing for us to reach those heights? This isnt something
that would be attainable on a very short span of time or even thinking million per coin is really impossible but well lets see on what the future looks like.
We can predict all we want though.

[pixie85]

@Juggy777. I would call that larping, however, presently witnessing that dogecoin is going to $1.00, I believe him hehehe. This is a crazy cryptospace market we have here. All fundamental analysis is thrown in exchange for the pump.

Actually fundamentals strongly support the price of bitcoin.

If we could go to 20 thousand without Elon Musk, Paypal, all the hedge funds and institutional hype, we can surely be at 60 with all of them in and a new bull market. 1 million is a different thing, I agree, but who knows what will happen in 5 years. Maybe Bitcoin will save some countries from hyperinflation and economic collapse?

When it comes to Dogecoin I'm baffled too. The power of social media is strong with this one.

[Ryker1]

In an live interview with Yahoo Finance Coindesk Editor has boldly claimed that bitcoin will be hitting $1 million dollar per one bitcoin, and given the current market trends how realistic do you feel his statements is?.

Well, It is just funny how history repeats itself. Like, imagine Dogecoin beating promising and professional coins?
You will definitely realize that life works not on how promising your work is, --but how good you are in relationships and convincing people. Dogecoin only succeeds over the other coins because they had their solid connection with Elon Musk. I never know the approach they had to take just to get some help from Musk to pump the coin. But it did work very very well. That was a clever one. Now, on this statement, I should say that there is a possibility that bitcoin would increase to $1 million in the next 10 years. I can tell. People are about to come in and Bitcoin will soon become widely accepted.

[Lanatsa]

@Juggy777. I would call that larping, however, presently witnessing that dogecoin is going to $1.00, I believe him hehehe. This is a crazy cryptospace market we have here. All fundamental analysis is thrown in exchange for the pump.

Actually fundamentals strongly support the price of bitcoin.

If we could go to 20 thousand without Elon Musk, Paypal, all the hedge funds and institutional hype, we can surely be at 60 with all of them in and a new bull market. 1 million is a different thing, I agree, but who knows what will happen in 5 years. Maybe Bitcoin will save some countries from hyperinflation and economic collapse?

When it comes to Dogecoin I'm baffled too. The power of social media is strong with this one.

We don't need a rise which is mostly caused with some hype or its not really been backed up by something.We do need a stronger foundation which make the price wont really be crashing that easily.

Try to look into that 20k that you've been talking on reaching out without those institutional funds and other big companies involved? When it crash then it almost hits the floor.

Unlike if we do mind about adoption in a different scale then we might see new heights but not really high as this speculation.

[fadhilz123]

Not only Coindesk editor, me and many people around the world believe it too, but the main question when it happens?? In the future, another halving will come, make bitcoin more scarcity, and more demand will come more scarcity again. So no too late if people want to invest in Bitcoin, so buy and hold it

[Woodie]

You don't need rocket science to figure this out.

Simple laws of supply and demand should give us the picture of demand pushing price up which is made possible by the fixed number of bitcoins to ever exist. Though I don't think bitcoin is hitting a million dollars any time soon.

[AmoreJaz]

In an live interview with Yahoo Finance Coindesk Editor has boldly claimed that bitcoin will be hitting $1 million dollar per one bitcoin, and given the current market trends how realistic do you feel his statements is?.

Well, It is just funny how history repeats itself. Like, imagine Dogecoin beating promising and professional coins?
You will definitely realize that life works not on how promising your work is, --but how good you are in relationships and convincing people. Dogecoin only succeeds over the other coins because they had their solid connection with Elon Musk. I never know the approach they had to take just to get some help from Musk to pump the coin. But it did work very very well. That was a clever one. Now, on this statement, I should say that there is a possibility that bitcoin would increase to $1 million in the next 10 years. I can tell. People are about to come in and Bitcoin will soon become widely accepted.

maybe if nothing else, the comment of the editor is very optimistic towards BTC. a good encouragement for some other users that are not yet into crypto to come and discover their options here. but that number, would take years and bigger adoption before it can be a reality.

You don't need rocket science to figure this out.

Simple laws of supply and demand should give us the picture of demand pushing price up which is made possible by the fixed number of bitcoins to ever exist. Though I don't think bitcoin is hitting a million dollars any time soon.

definitely, not anytime soon. would take time to reach that level. no one can precisely predict such scenario from happening.

[Zemomtum]

With the nature of the volatility in the crypto space and Dogecoin from a cent now worth $1, nothing will seem impossible with this speculation but it will be for a long time play and not anything with 5 years in my own opinion.

[adaseb]

@Juggy777. I would call that larping, however, presently witnessing that dogecoin is going to $1.00, I believe him hehehe. This is a crazy cryptospace market we have here. All fundamental analysis is thrown in exchange for the pump.

Dogecoin going to $1 is easier than bitcoin going to $1,000,000. You need to look at the market caps in this. It would be very difficult for bitcoin to be able to trade at $1,000,000 per coin. There are tons of people these days with around 1 coin or so, if they all held till $1M and decided to sell, where would the buyers be to absorb all that selling pressure. I don't think it would be sustainable.

Dogecoin is rallying due to a short squeeze and all the old adopter most likely sold. So only investors right now are the robinhooders and tiktokers who are thinking Doge is going to go to like $10/doge and they are holding and not selling until then. They have no idea how much supply of Doge there is.

[rahmatrf331]

In an live interview with Yahoo Finance Coindesk Editor has boldly claimed that bitcoin will be hitting $1 million dollar per one bitcoin, and given the current market trends how realistic do you feel his statements is?. Also if you believe there’s a huge possibility of this being true, then what time frame would you speculate about seeing Bitcoin prices crossing this huge milestone.

Source:

https://finance.yahoo.com/video/believe-estimates-bitcoin-eventually-hit-201346367.html

If that's true, the price of bitcoin will reach $ 1 million dollars peritcoin, I consider it the greatest opportunity for those who want to invest in bitcoin, but unfortunately for those who think it's impossible, the price of bitcoin really reaches $ 1 million dollars. Per one bitcoin.
but first let's proofread the information obtained and check its accuracy, before making a decision to buy in the long run.

[traderethereum]

In an live interview with Yahoo Finance Coindesk Editor has boldly claimed that bitcoin will be hitting $1 million dollar per one bitcoin, and given the current market trends how realistic do you feel his statements is?. Also if you believe there’s a huge possibility of this being true, then what time frame would you speculate about seeing Bitcoin prices crossing this huge milestone.

Source:

https://finance.yahoo.com/video/believe-estimates-bitcoin-eventually-hit-201346367.html

If that's true, the price of bitcoin will reach $ 1 million dollars peritcoin, I consider it the greatest opportunity for those who want to invest in bitcoin, but unfortunately for those who think it's impossible, the price of bitcoin really reaches $ 1 million dollars. Per one bitcoin.
but first let's proofread the information obtained and check its accuracy, before making a decision to buy in the long run.

So they still have a chance to buy bitcoin from now on and hold it for some time because bitcoin price now is at $55k.
If they can constantly buying bitcoin weekly or monthly, they will see their bitcoin amount will increase and if that really happens, they will make a big profit.
If bitcoin price start increase and back to $60k or the other highest price, they will regret it because they do not have much chance to invest bitcoin in a large amount because the price is too expensive for them and they are a bit too late to buy bitcoin at a low price.
But if they want to buy bitcoin, they need to wait for the downtrend because that time will be worth buying bitcoin at a low price.