CoinDesk editor believes Bitcoin will hit 1 million per coin.

[sunsilk]

Most of us are holders and we all want to say that we want to see bitcoin hit $1M anytime soon in the future. But to be honest, it will come in an unexpected time thay no one has ever thought of.

Just like bitcoin goes on bull at end of 2020. Everyone became excited when it has finally entered and broken its past ATH. I am not saying it is impossible but if it will come, then it will be at a time that we never expected.

[danherbias07]

At least it's not the kind of FUD we always see whenever the Bitcoin value goes up.
I believe in him but it may not happen in my lifetime. 
If only the money invested in cryptocurrencies was not divided too much then it could have happened a long time ago.
But more mushrooms are popping out of the soil, some of them are even poisonous that it makes people kill themselves in regret for buying it.
Right now, if I could just see $100-200k per Bitcoin then I will be happy.

[Ludmilla_rose1995]

$ 1 million per bitcoin is very likely indeed. but, It took a long time to reach $ 1 million per coin. maybe for 8 to 12 years. At that time, bitcoins were very rare and very difficult to obtain, so they were very expensive.

[leea-1334]

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.

For the short term and for altcoins of course,,, short term publicity is good, people come and your name is famous and you are known,,, some shillers will even come to you because of that but long term? You can take a long time to build a good reputation but to repair a broken one takes even longer, if at all even possible. Of course I guess for these guys they are willing to forego future rep for current rep.

[RealMalatesta]

maybe for 8 to 12 years. At that time, bitcoins were very rare and very difficult to obtain, so they were very expensive.

I do not think bitcoin may not require another 8 to 12 years to value one million dollars as per its 4 years cycles and rate of growth per each cycle. It means bitcoin may hit that one million dollar value by 2025 itself if this year bring $100k or more per one bitcoins. Yes, every four year cycle bring bitcoins 10x growth this way if we reach $100k within this cycle then we can reach another 10x in next cycle.

Right now, if I could just see $100-200k per Bitcoin then I will be happy.

Hopefully bitcoin will not disappoint you hence get ready to embrace more than $200k as well within this year. If $200k happens this year then I will not doubt about reaching $1 million by 2025.

[macson]

snip
Source:

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

OLLIE LEECH: Oh, that's a good question. Long, long term, I think with the halving coming up in 2024 and the year after that always seems to do very, very well for Bitcoin. I think estimations of Bitcoin go into a million dollars a coin. I actually believe that it will, at some stage, with just the scarcity aspect alone, it makes it an incredibly exciting asset to hold.

i agree with this opinion that scarcity factor as well as the next halving that will "push" the value of Bitcoin to $1M.  since Bitcoin touched the $66k mark, i have become increasingly convinced that "nothing is impossible with the price of Bitcoin".

[Fatunad]

$ 1 million per bitcoin is very likely indeed. but, It took a long time to reach $ 1 million per coin. maybe for 8 to 12 years. At that time, bitcoins were very rare and very difficult to obtain, so they were very expensive.

I would rather say that it would take 1 million per coin when the last halving event would happen on 2140+ where there no coin would be able to be mined and the entire supply is scarce.
Hard to believe on that we would reach it out on our current life time into those years but we dont know on what would actually happen in future years to come.
If someone believe that it would hit 1M then so be it and just let them be on what would be their own view towards the price.We do have our own opinions but
dont just let your hopes up because nothing is certain.

[Rengga Jati]

The possibility is here, in cryptocurrency nothing is impossible. We also didn't expect to much about Bitcoin price in 2018 after it's dumb and then right now, it rises to $60k or more. That is why there is a chance to reach 1M. But about the exact time, we cannot predict it. Just see and heck updated news about s that. Bitcoin is strong crypto and it has proven its power so far.

Is there someone going to buy it even before it reaches that price?

This question may be also uttered before 2017 when the price of BTC was very low. But now, it is reaching $60k and many people still want to buy it for the shake of the profits and money 

[South Park]

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.

It depends on the timeline in which we think it is going to happen, if people think this is going to happen now then they are mistaken however the highest price that bitcoin reaches during this bull run is going to be critical to know how soon we will have a realistic chance of that happening, if the price went as high as 200k or 250k then one million dollars could be possible during the next 5 to 10 years but if the highest price we reach is something closer to 100k then it may take a few decades before we see that price.

[Quidat]

Most of us are holders and we all want to say that we want to see bitcoin hit $1M anytime soon in the future. But to be honest, it will come in an unexpected time thay no one has ever thought of.

Just like bitcoin goes on bull at end of 2020. Everyone became excited when it has finally entered and broken its past ATH. I am not saying it is impossible but if it will come, then it will be at a time that we never expected.

No one had really expected for the price to break ATH on 2020 and able to reach up even way more higher in terms of price levels. Nothing is certain when it comes to future
but basing off with potential then we can really tell that it can really reach up heights and Bitcoin has never failed us on making out some surprise but i do hope for that
non-bubble type of increase just like on what happened on that 2017 but basing off with level of recognition and adoption then we can say that this isnt something similar into those
days.Lets be patient and lets see on how far it would go.

[ene1980]

Not only does CoinDesk editor having a belief that the price of Bitcoin will hit a million dollars but there are many in the cryptocurrency market that believe that the price would hit a million dollars per coin. I can very well say that i am not expecting any of these valuations simply because it does not make any sense if the transaction charge keeps on increasing with every rally and to have a million valuation we need to have a much better scaling solution than we have now, then i would say it is realistic.

[blckhawk]

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

Honestly, wasn't really sure if Bitcoin could have that price someday but since everything can happen in crypto then I'd say there's a possibility. 1 million was a crazy amount for Bitcoin but looking on the market now for as for example Doge if they will able to push it to 1$ then certainly Bitcoin can hit 1 million as well since we know Bitcoin was better than most of the altcoins after all. Regarding on the timeframe, one thing is for sure it won't happen this year, it will take a couple of bull cycles and years for Bitcoin to reach that mark.

[BrewMaster]

Honestly, wasn't really sure if Bitcoin could have that price someday but since everything can happen in crypto then I'd say there's a possibility. 1 million was a crazy amount for Bitcoin but looking on the market now for as for example Doge if they will able to push it to 1$ then certainly Bitcoin can hit 1 million as well since we know Bitcoin was better than most of the altcoins after all. Regarding on the timeframe, one thing is for sure it won't happen this year, it will take a couple of bull cycles and years for Bitcoin to reach that mark.

$1 millions price for bitcoin is no crazier than $60k price that we currently have. if you told people a year ago that price is going to reach this level they would have been surprised and called you crazy.
it also won't take that long to get there. there are a lot of things that are contributing to this fast rise to $1 million and most important factor in my opinion is the terrible money printing policies.

[Andrews193]

Not only does CoinDesk editor having a belief that the price of Bitcoin will hit a million dollars but there are many in the cryptocurrency market that believe that the price would hit a million dollars per coin. I can very well say that i am not expecting any of these valuations simply because it does not make any sense if the transaction charge keeps on increasing with every rally and to have a million valuation we need to have a much better scaling solution than we have now, then i would say it is realistic.

Believe in absurdity is not a concept that we should learn, many people always form scary thoughts about the value of bitcoin, they reveal too much greed and lack of critical analysis, which path will bitcoin lead to such value, many want this price point but many also choose closer milestones to liquidate bitcoin. CoinDesk's editor is probably trying to advertise and make an impact, but unfortunately, a sane person wouldn't be irritated by this fictional story.

[Hippocrypto]

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

Based on this article, I could remember the old days while bitcoin still at 10k each. Many speculated about $1m per btc, but what happened was $20k surpassed until $60k. Because of unpredictability, bitcoin has reached that value unexpectedly. Not matter how crucial the price fluctuations is, don't even give up and stay strong with your decisions to hold until such time $1m will become reality.

[hatshepsut93]

If US dollar will get hit with hyperinflation, then sure. Otherwise, how can you imagine 21 trillion marketcap? That's way more than gold, and gold has been a store of value for thousands of years, and Bitcoin has only a fraction of gold's adoption as a store of value, and negligibly small adoption as a payment method.

[The Sceptical Chymist]

In other news, the Pope has declared that he believes in God!  

Lol, you put what I was thinking into a way that's much funnier than what was in my head--what else do you think the editor of CoinDesk is going to say?  There's no way in hell a crypto news site is going to make a bearish prediction about bitcoin, since their readership most likely increases proportionately to increases in crypto prices.

But you know what?  I'm not going to scoff at anyone who thinks bitcoin is going to $1million, because I've dismissed crazy crystal ball predictions before and I missed out on making bank because of that.  Ah well, hindsight is 20/20.  I'm not sure exactly when that valuation will be hit, but I've started to think that it'll probably be within the next 10 years or so.

If US dollar will get hit with hyperinflation, then sure.

Ha ha....that's exactly what I said when people were predicting that bitcoin was going to $10k and $50k.  I was wrong both times.

[LogitechMouse]

Anybody can believe in what they believe.
Anybody can say what they are believing that it will happen.
In the end, it will remain as a mere prediction and nothing more.

Like him, there are so many people that are believing on it and we already see that it will happen in the stock-to-flow model. Am I believing that this will happen? Yes. With what is happening right now especially the USD inflation, many people might consider investing their fiat money into Bitcoin and crypto. We might see some people risking their savings and will put it in Bitcoin since they see it as a store of value. That might be risky but they believe on it as much as we believe that it will hit 1 Million .

Its only a matter of when it will happen or worse, it will not happen at all.

[hatshepsut93]

Ha ha....that's exactly what I said when people were predicting that bitcoin was going to $10k and $50k.  I was wrong both times.

Yeah, in retrospect it was crazy to even imagine Bitcoin getting to $60k, but if you look at marketcaps, it really wasn't that crazy. If a company can be worth 1 trillion, then why not a store of value asset? However, around gold's marketcap (11 trillion) is a limit for Bitcoin's value, until we would see a really widespread use as a currency.

[Shasha80]

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

Based on this article, I could remember the old days while bitcoin still at 10k each. Many speculated about $1m per btc, but what happened was $20k surpassed until $60k. Because of unpredictability, bitcoin has reached that value unexpectedly. Not matter how crucial the price fluctuations is, don't even give up and stay strong with your decisions to hold until such time $1m will become reality.

I am among those who believe Bitcoin in the next 10 years will reach a price of $ 1M, so I continue to collect as much Bitcoin as possible starting
from now. Because who knows Bitcoin can reach the price of $ 1M sooner than many people predict, then I'm ready for that to happen.
To reach a price of $ 60k this year is relatively fast in my opinion, because Bitcoin price movements are very difficult to predict. So I suggest
we collect as much Bitcoin as possible, so don't be in a rush to sell the Bitcoin that we have. Because it will be regrettable if Bitcoin finally reaches
the price of $ 1M but we don't have that much Bitcoin.