Bitcoin Price Will Be US$ 5 million/Coin in 2030, Isn't It Too Much?

[Imam Nuddin]

Bitcoin just hit an all-time high this week, although after experiencing a significant correction. The price hike of this most popular cryptocurrency is expected to continue, and there are even bombastic predictions, reaching US$ 5 million/coin or around Rp. 70 billion/coin (exchange rate of Rp. 14,000/US$) in 2030.
 do you agree with this opinion??

Source: https://www.cnbcindonesia.com/market/20211024103638-17-286095/harga-bitcoin-bakal-rp-70-miliar-koin-di-2030-lebay-gak-sih

[asriloni]

Bitcoin just hit an all-time high this week, although after experiencing a significant correction. The price hike of this most popular cryptocurrency is expected to continue, and there are even bombastic predictions, reaching US$ 5 million/coin  do you agree with this opinion??

All of forecast that already predicted by some people are too good to be true. Bitcoin is not yet worth 1 million USD for a bitcoin and how can it will worth 5 million in 2030. I think that you must also use USD to valuing bitcoin rather than use your local currency. Remember that when bitcoin has not yet surpassed 100k. IN a few years there was a possibility for the price of bitcoin to be doubled but achieving more and more marketcap was not easy as bitcoin worth more than 1 trillion USD marketcap right now . I do believe that the halving will be pushing the price of bitcoin to go even higher gradually but this is for long term, I do believe if the price of bitcoin will be achieving such valuation int he next 50years from now but it's not for the next years from now. It's impossible to happen. Bitcoin may reach 100k and then 500k after it has surpassed 100k. This will be a suitable rate for bitcoin in 2030

[Strongkored]

for now the prediction looks unreasonable and excessive but it will look normal when Bitcoin has been able to reach a price of $ 1 Million, as long as there are many communities that support the development of Bitcoin and also big institutions that invest then the price will probably be achieved, the BTC market cap will be very high.

[khiholangkang]

I've never imagined the price of bitcoin to reach $5M, because at the current price, the fee is quite expensive, let alone the price of $5M. How much is the fee for each transaction?

[Ararbermas]

There's a lot of happening in crypto space wherein there's a chance bitcoin will experience a long bearish season again without knowing after this in my opinion like what happened before reason it struggling to reach the current all time high "60k", indeed bitcoin price still at the middle because it can't exceed more so even 1M still unpredictable if there's a chance because for sure after this bull market there will be a massive correction as we are at the market that full of whales..
For me there's a potential only to reach those prediction but unless if bitcoin constantly increasing like unstoppable.. But the fact that market is so volatile i think expecting too much isn't necessary wherein much better to wait for more results.. Too good be true.

[bitkanu]

Sometimes, people have needed to use their brain to think about a sense prediction to the bitcoin price. this time the price of bitcoin is going down again. I don't even believe with any forecast that already created or predicted if i think that's a non sense prediction. This is the best example about how people are overreacting to the bitcoin bullish trend and they were starting to think a non sense rate that could be achieved by bitcoin in the next year or even 10000 years later. 5 million for each bitcoin. It seems like a lot of billionaires need to spend their money to make it happen. There are so many people being delusional about this.
even 500k rate was still too far to be achieved by bitcoin without real massive adoption.

[Reatim]

Bitcoin just hit an all-time high this week, although after experiencing a significant correction. The price hike of this most popular cryptocurrency is expected to continue, and there are even bombastic predictions, reaching US$ 5 million/coin or around Rp. 70 billion/coin (exchange rate of Rp. 14,000/US$) in 2030.
 do you agree with this opinion??

Source: https://www.cnbcindonesia.com/market/20211024103638-17-286095/harga-bitcoin-bakal-rp-70-miliar-koin-di-2030-lebay-gak-sih

5 million dollars per coin?
maybe you need the first to answer that, do you believe in this Opinion ? some speculation are exaggerating because of their own benefits , maybe they wanted to lure more investors so the price will increase and they can sell their coin?
or some really does not understand the market instead they are only expressing things they don't really know.

I don't believe this will come , but at least a Million dollar can be taken if the majority of Big companies invest in crypto and take Bitcoin as main currency to hold.

[Jackl87]

Bitcoin just hit an all-time high this week, although after experiencing a significant correction. The price hike of this most popular cryptocurrency is expected to continue, and there are even bombastic predictions, reaching US$ 5 million/coin or around Rp. 70 billion/coin (exchange rate of Rp. 14,000/US$) in 2030.
 do you agree with this opinion??

Source: https://www.cnbcindonesia.com/market/20211024103638-17-286095/harga-bitcoin-bakal-rp-70-miliar-koin-di-2030-lebay-gak-sih

Everyone that has a device that is connected to the Internet can post price predictions, trend analyses or whatever nowadays and i really think you should not care about such predictions at all, except maybe if it is from a very serious and reputable source like a very big company or a big bank or something like that.
Regarding that 5 Million per btc prediction, i have to say, that i just can not see that Happening. This would be almost another x100 from todays price which is already very high.

[bandungan]

forecasts or predictions about bitcoin are actually just a boost for the market. I don't see that as a reality because the price is not necessarily future proof. however, I highlight that the price of bitcoin in 2030 will still be able to experience a significant increase, although not necessarily US $ 5 million. the most realistic is 100-200% of the current price

[livingfree]

$1M is already too much so what's with $5M?

But the fact that the price of bitcoin is getting higher and higher every cycle, we are not sure how long it will take for bitcoin to even at least reach $1M before $5M.

It's possible with this high volatile market but when?

[tvplus006]

...The price hike of this most popular cryptocurrency is expected to continue, and there are even bombastic predictions, reaching US$ 5 million/coin or around Rp. 70 billion/coin (exchange rate of Rp. 14,000/US$) in 2030.
 do you agree with this opinion??

Everything is known in comparison) You have written a price for 1 BTC, which in 2030 will be equal to $5 million. And what will be the cost of a loaf of bread in the same year 2030? If it is equal to 100 thousand dollars, then I will not be satisfied with the price of 5 million for one bitcoin.