Can BTC rise to 1 million US dollars?

[Te qution]

BTC has entered the second 4-year halving cycle and will rise to 1 million U.S. dollarsin the next 15 years. What do you think? Friends are welcome to discuss together.

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[ultrloa]

BTC has entered the second 4-year halving cycle and will rise to 1 million U.S. dollarsin the next 15 years. What do you think? Friends are welcome to discuss together.

Next 15 years is so long to predict but if we can see all countries goes digital currencies and they will choose bitcoin then we might gonna see this happening. But for sure each country will create their own digital currency and bitcoin will be just another option to them so maybe the preferred figure to be reach is still 6 digit number if bitcoin will still alive 15 years from now.

[NeuroticFish]

BTC has entered the second 4-year halving cycle and will rise to 1 million U.S. dollarsin the next 15 years. What do you think? Friends are welcome to discuss together.

I don't know what price will it have in 15 years. It's far too far to predict. It has the potential to get there, I don't deny that, but that doesn't mean it surely will get there and it also doesn't mean it will or won't do it within 15 years.

Keep in mind that Bitcoin price has a history of ups and downs. In the current bull run 100k or 1M prices are thrown easily, but.. will you think the same when bear market will start again? I don't want to disappoint you, I also hope it will get to 1M during my life time, but.. there's some difference between trust/optimism and... plain dreams...

[Vaskiy]

Below are few threads that are created in the past for the same discussion.

BITCOIN Will hit 1 Million $$$ ? What do you think ?
Bitcoin = $1 Million by 2020
Bitcoin for $1 Million !!! In ten years?
Turn $10,000 into 1 Million
John McAfee bets his dick that BTC will hit $1 Million USD


In my view when something goes beyond certain value, there is possible chances of value destruction. This means it might make the economic infrastructure ineffective.

[Dr.Osh]

BTC has entered the second 4-year halving cycle and will rise to 1 million U.S. dollarsin the next 15 years. What do you think? Friends are welcome to discuss together.

we don't know whether the price of bitcoin will actually reach millions of dollars or not in the next 15 years. it all depends on how the world uses bitcoin and acknowledges it. To be honest, I haven't seen the potential yet, but I'm pretty sure by then, the bitcoin price would have been much higher than it is today. probably the price is already in the range of hundreds of thousands of dollars.
well, it's quite a long way off right now, for now better focus on increasing the bitcoin price to reach its first $100k price.

[blockman]

BTC has entered the second 4-year halving cycle and will rise to 1 million U.S. dollarsin the next 15 years. What do you think? Friends are welcome to discuss together.

15 years is too much. We don't know what lies ahead by that year but as usual, we're all optimistic about the years to come to bitcoin but we should be more focused on the closest tenure that we can ever be. I'm positive for the future of bitcoin and that's why I'm holding it and looking forward to the life-changing opportunity that it will give to every one of us through having a higher price in the near future. We should see bitcoin close to a million maybe after 2 or more halvings.

[kryptqnick]

I think the absolute limit is the worth of global economy. It's currently worth 90 trillion dollars, and the projection for 2026 is 122 trillion. Usually prognosis for more than 5 years doesn't make sense because of very low accuracy, but let's say it gets to 150 trillion dollars, which is realistic enough. In that case, if Bitcoin costs 1 million dollars per coin, it accounts for about 13% of the global GDP. In comparison, all US dollars are currently worth 6.6 trillion, so 7% of GDP. Taking this into account, I'd say it is possible, but unlikely.

[bitzizzix]

It is difficult to predict because it all depends on the development of bitcoin, although the development of bitcoin is always positive from time to time, although some countries have legalized it, but that is not a guarantee.
because we never know what will happen to bitcoin before the next 15 years, we better enjoy all the bitcoin journey that is not necessarily as expected even though the signs are there but it's just a prediction that is not necessarily true.
and now we are waiting for bitcoin price to reach 100k which most people predict will happen at the end of the year and if that happens and continues there is a possibility that the latest cheap bitcoin price 100k and above will be above that price, and reach 1 million US dollars in 15 years going forward because before reaching that price we will go through the process of 200k, 300k and also 500k, we don't know how many years to reach that, so I think it's still unclear and depends on the significant development of bitcoin as a whole.

[bengsabeng]

in the world of cryptocurrency that is considered impossible today may become a reality in the future. 10 years ago saying the bitcoin price would hit $100k was impossible, but what's happening now is the bitcoin price is moving towards $100k. so I mean it's not something that is impossible bitcoin price will reach 1 million USD in the next 15 years.

[poldanmig]

BTC has entered the second 4-year halving cycle and will rise to 1 million U.S. dollarsin the next 15 years. What do you think? Friends are welcome to discuss together.

I personally don't dare to say if bitcoin will reach $1 million in the future, but I hope and really believe that the bitcoin price will continue to move up in the next few years, for 15 years of course it's still a long way for us, so I don't think we can need to think too much about it right now .

[darkangelosme]

BTC has entered the second 4-year halving cycle and will rise to 1 million U.S. dollarsin the next 15 years. What do you think? Friends are welcome to discuss together.

Yes there is a big chance for Bitcoin to reach out that price or even more, but i think it will take some long time for Bitcoin to reach that maybe it will happen in 10 to 20 years from now, that's why much better for us to see Bitcoin as an long time investment so that there will be a sure profit.

[carlfebz2]

BTC has entered the second 4-year halving cycle and will rise to 1 million U.S. dollarsin the next 15 years. What do you think? Friends are welcome to discuss together.

15 years is something a really very hard to predict even just talking with next years price then we couldnt really tell on what would happen and speaking with 1 million dollar price per coin which is really impossible for

me but somehow with the potential that we are able to see with bitcoin then everything might really be possible but we cant still be sure because everything will really vary on the demand.

As long there would be some demand or continue to grow as future years ahead to come then we might able to see up these numbers.

[wxa7115]

BTC has entered the second 4-year halving cycle and will rise to 1 million U.S. dollarsin the next 15 years. What do you think? Friends are welcome to discuss together.

Similar topics have been discussed in the past and the conclusion is most of the time the same, bitcoin at some point will reach that price however there are two main questions after that, the first is when that price could be reached?15 years seems like a reasonable window for that to happen, some may believe it could happen sooner while other could think it will take more time but at that point there is little doubt the price will be very high.

However the second question is what can one million dollars buy at that point in time? If the dollar crashes then bitcoin could reach one million very rapidly but what is the point if you can buy less with that bitcoin than what you could buy now, in that case even if the value in dollars went up its value against the products we want to buy would have gone down, and I do not think that is something that we want.

[ice18]

Why not? Its not impossible to reach a $1m price per btc, wayback last 2011, no one predicts that btc will be worth $67k in 2021. Almost impossible to think at that year but look at how bitcoin perform over the years really incredible and Im hoping bitcoin will not stop until we reach another history. 

[BillyCoiner]

No it has peaked & with further government regulations coming it will probably start its descent to 3 digits. Governments aren’t going to allow bitcoin to go any further.

[DOH!]

No it has peaked & with further government regulations coming it will probably start its descent to 3 digits. Governments aren’t going to allow bitcoin to go any further.

Surprisingly, I would agree more with the first.  The fact that bitcoin's value is infinite, without any constraints on the value is based on factors from bitcoin's origin and technique.  Although, bitcoin is the only pressure from the government to change the game.  We have El Salvador, next could be Paraquay or Latin American countries like Brazil.  That means bitcoin has always had a dynamic growth that has a depth in value including supply that it will take 100 years when the last bitcoin is mined.  Of course, the government will have the CBDC under the aggregate of these to limit the risk.  or I personally don't think the Fed backing or other exception is necessary, but the value optimism will be translated by larger and larger wicks on accumulation.

[uneng]

First we need to focus in 100,000$ and on what will happen from that moment on, once we reach to this achievement. As it's a remarkable event for the history of bitcoin, many changes must happen in crypto universe scenario and in the way regulators will treat the digital currency. Potentially, bitcoin price can skyrocket even faster and governments in general may become more friendly to it, seeing the growment in numbers.

However, so far 1 million dollars seem daydream, because we haven't reached even 10% of that goal yet.

[dezoel]

If the 4 year cycle nature of bitcoin persists and such cycle gets bitcoin 10x growth then this year we will get 10x growth which may get us 100k levels and in next 4 year cycle we may test 1 million levels through another 10x growth.

Bitcoin easily grows 10 times on every 4 years after the halving which means we just need another four years to get into one million dollars levels given that this year we must get another 10x growth from where finished in 2017's bullish cycle.

In my opinion, one million dollar is highly possible for bitcoin if for some reasons, we fail to have $100k this year then we may take 5 to 8 years to get one million dollars levels but it will happen for 100%, the only thing is when it may happen.

[adaseb]

Well at least he says Bitcoin might go to $1 million in 15 years unlike some people who are predicting it will hit $1 million sometime in the next 12 months.

Lately people are expecting something like $250,000 in December and something like $1 for Doge and $0.01 for SHIB. The markets are getting extremely crazy. Also the SP500 hit a new ATH again today after the fed meeting.

Honestly I would be cautious, way too much greed out there lately.

[Wexnident]

Isn't guessing the price for 15 years later a tad bit too long? There's still a LOT of stuff that could happen in those 15 years, and a lot of them would probably be a huge game-changer in the current system of what Bitcoin, or rather, what crypto is, especially for the higher-ups. Additionally, I'd reckon we've gone way past the peak of crypto by then, and the scene would gradually stabilize imo and instead of being seen as a speculative asset by then, could be seen as a currency that it was always made for. We'd be heading off to the point where volatility wouldn't be an issue for most transactions by then, hopefully.