How will u feel if d price of 1BTC exceeds $1m by 2030 as its made legal tender

[Poker Player]

I will probably feel good but not as good as if I hit a jackpot lottery or something and make $1M.

Winning the lottery would provide a buzz but my Bitcoin accumulation process is slow and boring.

Plus, you also have to think that by 2030, with real inflation (conservatively estimated) at 5-10% per year, $1M is going to buy you a lot less stuff than it does today.

Even being a millionaire today doesn't mean being as rich as it has been until very recently, you are just well off.

[Renampun]

If u can fully recall, El Salvador adopted BTC a legal tender alongside the US dollar in September last year.. Now the Salvadoran president, Nayib Bukele has predicted that bitcoin will become a legal tender in two more countries this year. Devere Group's CEO expects 3countries to do so too while Bitmax's CEO expects 5countries to do so.
With this trends it won't be surprising to see other sovereign nation states acquire bitcoin in 2022. Infact it will be a dream come true since Ark research indicated that the fundamentals of bitcoin network have always remind healthy.
 

the potential of bitcoin is huge, how can other countries not follow in el salvador's footsteps...

it will be another best news of the year if more countries recognize bitcoin as legal tender and it will surely push another new ATH in this 2022. Bitcoin is unstoppable and I feel sorry for those who don't believe in Bitcoin lol

[Accardo]

Looking at the rise and fall in price of bitcoin it'll be an achievable goal but, what will the falling rate of bitcoin price look like when it hits such a milestone. People would prefer selling to get hold of their profits which will affect bitcoin's price. Take a grasp of my idea from this angle. Some of the citizens in the sovereign nations you stated have not been lectured about bitcoin exclusively and their government's wish for bitcoin is to make their citizens rich thereby developing the country rapidly. If the price of bitcoin gets to that height it will definitely fall drastically regardless of the year it happened. Because 1 million dollar is a kind of fund that will make most people deaf about any form of preaching about bitcoin hodl.

[bounceback]

If u can fully recall, El Salvador adopted BTC a legal tender alongside the US dollar in September last year.. Now the Salvadoran president, Nayib Bukele has predicted that bitcoin will become a legal tender in two more countries this year. Devere Group's CEO expects 3countries to do so too while Bitmax's CEO expects 5countries to do so.

I'm not too sure if this year there will be two more countries besides El Salvador that will make bitcoin a legal tender in that country because seeing the current decline then of course this will hinder or delay the adoption of bitcoin in that country because it will pose a big risk if they do this in the current situation of the bitcoin price movement which is experiencing a decline.

[michellee]

I am sure I will be happy if the price can be $1milion in 2030 but hopefully, that will come in less than 8 years so we can make a lot of money in a short time. I will feel grateful if bitcoin can back to $69k this year because that can give more chances for bitcoin to rise and make another ATH. But we know that will need time before bitcoin breaks every high price and create the next ATH. Although the adoption process is still running, that does not mean the price can directly jump to the high price in a short time.

[Wexnident]

Idk, should I feel good about it being $1m? I mean I am investing in it, but I'd probably be putting my emotions on me profiting off of my investment rather than Bitcoin increasing in price itself (though I guess that counts the same?). Honestly considering the time it would also take, It'd probably just kill off the excitement, not to mention that it won't be that big of an increment anymore since if we do get to $1m, it'd be natural that we'd be seeing increases in price prior to that year.

[MCVXYZ]

I will probably feel good but not as good as if I hit a jackpot lottery or something and make $1M.

Winning the lottery would provide a buzz but my Bitcoin accumulation process is slow and boring.

Plus, you also have to think that by 2030, with real inflation (conservatively estimated) at 5-10% per year, $1M is going to buy you a lot less stuff than it does today.

Even being a millionaire today doesn't mean being as rich as it has been until very recently, you are just well off.

Are odds the equal?  probably not, but if so the results will be almost the same and sometimes when I sell cryptos, I think that I don't use the opportunity from the future, its like losing the lottery  . I don't know maybe I'm wrong but these feelings...

[Zilon]

El Salvador took the lead and ever since their adoption of Bitcoin we have had lots many nations doing same currently the IMF sent a sanction to El Salvador threatening them on deprivations of getting loans if the fail remove Bitcoin as a legal tender. And now we are having many other nations buying into this adoption I think it's a big start for the Bitcoin ecosystem at all

[ChiBitCTy]

How would I feel? lol of course I would be thrilled but I’m not sure we will ever get to the one million mark. Hell we’ve gotta hit the 100k mark first. But I do agree that the fundamentals have remained very strong for bitcoin and it still has a whole ton of upside / room to run. Hopefully other countries will adopt it as legal tender.

[Ziskinberg]

If u can fully recall, El Salvador adopted BTC a legal tender alongside the US dollar in September last year.. Now the Salvadoran president, Nayib Bukele has predicted that bitcoin will become a legal tender in two more countries this year. Devere Group's CEO expects 3countries to do so too while Bitmax's CEO expects 5countries to do so.
With this trends it won't be surprising to see other sovereign nation states acquire bitcoin in 2022. Infact it will be a dream come true since Ark research indicated that the fundamentals of bitcoin network have always remind healthy.
 

To see such development and market adoption encourages other countries to step in but honestly, this is not enough to move the price to $1mil. I can't be imagining such a price to reach 8 years from now. Even to say that it can be possible in crypto but seeing it was too far from reality, maybe $200k is very close to it. And besides, I was still happy with the current price, it was still high and I ain't expecting this to come during my participation in the market.

[Fakhrulenclix]

of course it is an advantage for all of us who currently know and hold Bitcoin, surely we will all be happy if that happens.
I'm not saying that it's impossible because the process is still very long and we also don't know what will happen in the future, although it's tough but of course we hope that there are regulations that can be made so that all countries are willing to adopt Bitcoin as a means of payment like what has happened today in the country of El Salvador.

[virasog]

If u can fully recall, El Salvador adopted BTC a legal tender alongside the US dollar in September last year.. Now the Salvadoran president, Nayib Bukele has predicted that bitcoin will become a legal tender in two more countries this year. Devere Group's CEO expects 3countries to do so too while Bitmax's CEO expects 5countries to do so.
With this trends it won't be surprising to see other sovereign nation states acquire bitcoin in 2022. Infact it will be a dream come true since Ark research indicated that the fundamentals of bitcoin network have always remind healthy.
 

As more and more countries will accept bitcoin and make it a legal tender, the prices of bitcoin will rise exponentially.

I am not sure if prices can reach $1 million per bitcoin by 2030 but if it does, it will change everyone's life who have bought bitcoin before that rise. If you know this prediction beforehand, you will never spend your bitcoins and hold them forever.

[jaberwock]

El Salvador took the lead and ever since their adoption of Bitcoin we have had lots many nations doing same currently the IMF sent a sanction to El Salvador threatening them on deprivations of getting loans if the fail remove Bitcoin as a legal tender. And now we are having many other nations buying into this adoption I think it's a big start for the Bitcoin ecosystem at all

I think the IMF is only scaring El Salvador for them to quit on supporting bitcoin but I have a trust on El Salvador and El Salvador also has a trust on bitcoin so I believe that they wont follow what the IMF are saying but they will follow what their heart says towards btc. They already built a good image and they are like the leader of the countries that accepts btc. Other nations have not started yet on making btc as legal tender but they are currently planning it.

By the time we reached the year 2030, all 5 suspected countries are done with their plan and maybe there are other countries that does the same because $1m is a lot of money. We are all going to be happy obviously if all that happen.

[BIT-BENDER]

If u can fully recall, El Salvador adopted BTC a legal tender alongside the US dollar in September last year.. Now the Salvadoran president, Nayib Bukele has predicted that bitcoin will become a legal tender in two more countries this year. Devere Group's CEO expects 3countries to do so too while Bitmax's CEO expects 5countries to do so.
With this trends it won't be surprising to see other sovereign nation states acquire bitcoin in 2022. Infact it will be a dream come true since Ark research indicated that the fundamentals of bitcoin network have always remind healthy.
 

I don't think all he adoption of Bitcoin can cause the price of Bitcoin to be at $1,000,000 by 2030, I think countries Making Bitcoin a legal tender only does a formality role, because it's would only still be used by those who had already believed in Bitcoin, although it can prove to some percentage of people that Bitcoin isn't a scam, but regardless they are alot of things that can cause such price change in less than 9years to come.

[Fesatmas]

Even a Bitcoin holder with a price of $10 at the time of buying now, then he too is the happiest part. Moreover, at this time we are waiting for a fairly large price for quite a long time. I believe no one would be unhappy if Bitcoin touched $1 million. Of course, it will change the economic life of many people.

[KaliLinux]

I am not really particular whether Bitcoin is adopted as a legal tender but rather, it should be accepted legally and be allowed to be spent and accepted by merchants/retailers that want to. Reaching the $1m price point will definitely be an exciting feeling for everyone in the crypto space but for now, I just want to be able to accumulate some more sats.

[AakZaki]

El salvador became a country that actually adopted bitcoin and made bitcoin a legal tender. this attracted the interest of many other countries to follow in El Salvador's footsteps. it also increases the interest and new investors of bitcoin.
Prices continue to grow and of course price fluctuations occur, if in 2030 the price of bitcoin is able to penetrate $ 1 million, that is very extraordinary and of course there will be many pros and cons. Currently BTC still has to reach its new ATH around $100k. Bitcoin has a long way to go.

[topbitcoin]

Depends on what to be title of this thread, i think when bitcoin reach $1m i no longer have much money because will be very hard even to earn satoshis. Not like in past when satoshis can be earned by faucet and maybe, fees in exchanges can be problem, or maybe minimum buy order in exchanges can get affected too.

[famososMuertos]

El Salvador took the lead and ever since their adoption of Bitcoin we have had lots many nations doing same currently the IMF sent a sanction to El Salvador threatening them on deprivations of getting loans if the fail remove Bitcoin as a legal tender. And now we are having many other nations buying into this adoption I think it's a big start for the Bitcoin ecosystem at all

I think that by doing the same thing you mean the initiative of "El Salvador," but until now there is no one doing the same thing, not exactly the same thing, there is not even a country introducing a law to make bitcoin legal currency, I repeat lawful currency.

Now that there are several countries "shouting" wanting to do the same, yes, and that is confused with the countries that want to make bitcoin legal as a payment asset, there are very different scenarios, really different that lead to adoption, but not even close to having another country like El Salvador.

[michellee]

I am sure I will be happy if the price can be $1milion in 2030 but hopefully, that will come in less than 8 years so we can make a lot of money in a short time. I will feel grateful if bitcoin can back to $69k this year because that can give more chances for bitcoin to rise and make another ATH. But we know that will need time before bitcoin breaks every high price and create the next ATH. Although the adoption process is still running, that does not mean the price can directly jump to the high price in a short time.

It is certain that most of the members of this forum would be happy if Bitcoin hit $1 million in 2030, because it can generate huge profits.
Like you said, it would be better if the $1 million price could be reached sooner. And that might just happen, if more and more big companies
adopt Bitcoin, and many countries have started to legalize Bitcoin as a legal tender. For now, we really hope that the Bitcoin price can return
to the ATH price first, after that we can expect even higher from Bitcoin. It would be better to set targets slowly and don't immediately have high
hopes for Bitcoin, I'm afraid that later we will be disappointed if what we hope for is not immediately achieved. After all we can't expect instant
profit from Bitcoin, because it does require patience to be able to successfully generate large profits from Bitcoin.

Indeed. The feeling of happiness will be there when we see the price can go back to the last ATH because we already have that feeling before. It will become bigger if the price can achieve $1 million sooner or later and no matter how many bitcoin we have, we can sell for a small amount to make a profit. As long as we can accumulate bitcoin at any lower price, we will make a huge profit but we should also manage our emotions because before bitcoin prices reach $1 million, we will see many up and down at the market. Maybe we can prepare ourselves for the coming.