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[Symmetrick]

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[buwaytress]

Comforting to read and makes me all warm and fuzzy, have to accept that 8 years into the future will be difficult to comprehend (I've only been properly in Bitcoin for six years and it's already a lot to chew on) but that's 2 halvings down the line, and a whole lot of economic development yet to come.

I do agree digital gold should be the biggest chunk of use case, retail and otherwise, but not sure yet that seizure resistant asset would take that much of the cake. I thought the use case was pretty clear already during the JCPOA period and height of Syrian flight, but maybe I'm underestimating what states will attempt over the next 5 years when revenue needs become urgent.

[Poker Player]

At the beginning of the year, ARK Invest released a large report on the future of the crypto industry. And this report says that the $1 million price of bitcoin will be a reality by 2030.

Well, that's been said for a long time, I the first one I remember hearing was McAffe and his famous "I will eat my dick" if it didn't reach $1M in 2020, which he later lowered $0.5M. I think those of us who own Bitcoin expect it to reach that figure, the question is when. If the predictions for last year had come true, and especially if some like the supercycle theory had come true, we would be thinking that maybe in one more cycle we could reach that figure. But if we stay at $69K as a maximum for this cycle, it may take much longer.

It is also expected that in the future bitcoin will increasingly be recognized as legal tender and its share among global assets will continue to grow. There will also be an increase in the number of bitcoin holders who accumulate their coins in the long term.

Well, that depends on the "expert" you ask, just yesterday I responded in a thread where the expert predicted the opposite.

[Poker Player]

I think that the full 4-year cycle of bitcoin has ended and $69 000 is the new ATH that we will aim for in the same way as it was with ATH at $20 000 at one time (but I will be happy to be wrong). Even so, we have two full-fledged cycles ahead of us, and if in each cycle Bitcoin rises at least 4 times from its previous ATH, then over these 8 years we may well reach the $1 million mark.

Just a point. If in this cycle the ATH was $69K, it would not be fulfilled that the price rises at least 4 times, in this case it would be 3.5 approximately. And if this is the case, I doubt if the spectacular returns for Bitcoin would be over by now. At the time I created a thread about it. If we think that the higher the price and market cap, the more difficult it is to move the price and that the natural tendency would be for the ATH of each cycle to decrease, it would be normal to think that in the next cycles it will not rise at least 4 times the ATH of the previous cycle, but at most 3.5.

All this is pure speculation and we do not know if a given event could catapult the price up or down. If, for example, Amazon announced in this cycle that it supports Bitcoin payments and buys Bitcoin for its reserves, I think we would easily beat $69K, but I am pretty sure the returns in percentage terms are going to go lower as time goes by.

[Charles-Tim]

I do not know if this would be possible by 2030, but I know that if the marketcap is increasing, the volatility will be reducing. But if using 20.7 million mined coins to evaluate it (estimated roundup of bitcoin to have been mined by 2030), this will be what the marketcap of bitcoin would be if the price is assumed to be $1 million:

Market Cap = Current Price x Circulating Supply
Marketcap = 1000000 x 20700000
Marketcap = 20700000000000

That is 20.7 trillion marketcap. I hope this may be possible. But we should know that the more the marketcap is increasing, the price volatility is reducing.

But I am not doubting this may be possible, bitcoin has been well adopted and is well valued now. Gold marketcap in 2001 was $2.26 billon, and now over $12 in 2022. Also possible bitcoin can grow this far, even if the price is never worth $1 million by 2030 (but which I think is possible), the price would have grown significantly.

[Doan9269]

It is also expected that in the future bitcoin will increasingly be recognized as legal tender and its share among global assets will continue to grow. There will also be an increase in the number of bitcoin holders who accumulate their coins in the long term.

With all indications, this is feasible even within a short term range, because bitcoin is gain a massive daily increase of investors and stand as the most accurate store for digital assets and a guaranteed investment that does not input a total loss of capital, this store of value (bitcoin) has on several occasions top the profitability of even gold and it is more preferred than any other asset but the controversial aspect is when i read on the news on how Russian investor are currently sourcing out for crypto asset conversation into Fiats and physical properties in the green pasture of Dubai.

I understand the effect of the ongoing war might have triggered such moves but why a sudden change of crypto conversion into physical asset when bitcoin is still the best available option for currency conversion and store of value. Am sure before the end of this year more countries will join in adopting Bitcoin as a legal tender.

[Abiky]

At the beginning of the year, ARK Invest released a large report on the future of the crypto industry. And this report says that the $1 million price of bitcoin will be a reality by 2030.

Full report here: https://research.ark-invest.com/hubfs/1_Download_Files_ARK-Invest/White_Papers/ARK_BigIdeas2022.pdf

What will the $1 360 000 bitcoin price be made up of?

...

It is also expected that in the future bitcoin will increasingly be recognized as legal tender and its share among global assets will continue to grow. There will also be an increase in the number of bitcoin holders who accumulate their coins in the long term.

Other metrics indicating the expected growth in Bitcoin capitalization:

...


Brave claim. Bitcoin in 8 years at $1 million. Although in this booming industry, you can expect anything. Few people in 2011 thought that bitcoin would reach $1,000, for example. Last year, bitcoin was able to reach a trillion dollar capitalization and its value was almost $70,000. Bitcoin adoption continues its expansion and over these 8 years we can expect 2 more full-fledged market cycles (growth-fall-recovery-accumulation), and if you consider, that with each cycle, bitcoin has grown in price several times, then there are, of course, prerequisites for such a development of events, described in ARK Invest.

Who thinks about this?

If countries continue to open their arms to Bitcoin, then it's very likely it'll go past $1m in the not-so-distant future. From time to time, Bitcoin has proven to break records in price so I'm confident it'll reach the designated milestone in no time. Big companies, investors, and some governments are already pouring money like crazy into Bitcoin even though prices have relatively stalled. I'd say we're heading into the right direction as Bitcoin becomes one step closer towards being a global cryptocurrency used by anyone worldwide. Who knows if by 2030 the world becomes "hyperbitcoinized"? Just my thoughts

[bitmover]

I posted this about 2 months ago here https://bitcointalk.org/index.php?topic=5383176.msg59084278#msg59084278

This is really an interesting report, and this is the best image imo:

It really looks to have an enormous potential, and this image illustrates it very well comparing it to other world asset classes.

But Ark Innovation ETF has performed poorly in the last 12 months:



They investi in a lot of things other than crypto, and crypto is down for some time as well...

[Cryptostar_DE]

We all know about the magic that can happen in the crypto space - I support this high growth - look how many new ppl get daily attracted to the cryptoworld also by "bad news" and the crisis - but they understand more than ever before - the money on their bank account is not under their control - crypto is freedom.

[Leviathan.007]

Surely we do not have a prediction ball to make sure about the future and how everything going especially when we are talking about a market like bitcoin which is still young and there are many possibilities about the situation of this market, while a new year ago when bitcoin was trading for less than 500 bucks none could believe to see bitcoin trading above 60K but this happened, right now people do not believe to see bitcoin price reaching 1m dollars but I guess it will reach even higher targets and that's not impossible.

[Mahanton]

We all know about the magic that can happen in the crypto space - I support this high growth - look how many new ppl get daily attracted to the cryptoworld also by "bad news" and the crisis - but they understand more than ever before - the money on their bank account is not under their control - crypto is freedom.

Crypto is indeed freedom but you couldnt just let people or do make them convinced on going all in with it but somehow at least we do have some option to take
whether we do accumulate fiat or both basing up on what you are needing or preferred in terms of storing up your assets. As for speaking with $1M on year 2030 then we couldnt really be
that sure but it isnt bad to having some accumulation of Satoshis on our own wallets and hold for long term.Who knows if we would really be heading right there?

[KennyR]

We've got more 8 years for 2030. The market can grow in any direction and it should grow in same percentage as bitcoin have grown since 2008. There is more possible chances, but anything beyond certain limits could make it under valued. With Bitcoin more good news in terms of adoption, regulation and real time acceptance is happening from countries and firms that once stood against bitcoin and kept it on the ban list.

[TimeTeller]

We've got more 8 years for 2030. The market can grow in any direction and it should grow in same percentage as bitcoin have grown since 2008. There is more possible chances, but anything beyond certain limits could make it under valued. With Bitcoin more good news in terms of adoption, regulation and real time acceptance is happening from countries and firms that once stood against bitcoin and kept it on the ban list.

That's a long wait but for those who are preparing, why not?
For those who can afford and can take the risks, they can very well buy today and forget that they have bitcoin in stash.
But for most of us who can't wait that long, just keep up with the market, and grab the opportunity when it presents to you.
But $1M, just wow! Who knows? We can never tell the future. Just hoping for the best.

[Yaunfitda]

We've got more 8 years for 2030. The market can grow in any direction and it should grow in same percentage as bitcoin have grown since 2008. There is more possible chances, but anything beyond certain limits could make it under valued. With Bitcoin more good news in terms of adoption, regulation and real time acceptance is happening from countries and firms that once stood against bitcoin and kept it on the ban list.

That's a long wait but for those who are preparing, why not?

History shows that bitcoin price can really grow in the future. And another thing, for us to really make profits and be this so called self made millionaire, it's better to prepare early, save enough bitcoin.

For those who can afford and can take the risks, they can very well buy today and forget that they have bitcoin in stash.
But for most of us who can't wait that long, just keep up with the market, and grab the opportunity when it presents to you.
But $1M, just wow! Who knows? We can never tell the future. Just hoping for the best.

Not forget but at least learn how to save it in a safe environment and do everything to protect it. We've seen so many early investors who didn't do this one and they regret it. They know they have some stash somewhere else, but they forgot the most important thing, to back up the private keys an the mnemonic phrase.

[Fundamentals Of]

When I got into Bitcoin sometime in 2016, the price was only three digits. I never expected that the price would reach five digits. But it happened. When the price hit five digits, I didn't think it would reach six digits. But now I am 100 percent sure it will. And not only will the price reach six digits, it will also reach seven digits. When exactly? I can't be sure if 8 years is enough. But perhaps let us set that aside for now and reach six digits first.

[Abiky]

We've got more 8 years for 2030. The market can grow in any direction and it should grow in same percentage as bitcoin have grown since 2008. There is more possible chances, but anything beyond certain limits could make it under valued. With Bitcoin more good news in terms of adoption, regulation and real time acceptance is happening from countries and firms that once stood against bitcoin and kept it on the ban list.

Bitcoin has achieved a lot within just 13 years since its inception. Imagine how big it'll be within 8 years from now. Considering that 8 years is an "eternity" in crypto land, a lot of things can happen. With how governments are quickly opening their arms to Bitcoin, it's very likely the price will go far beyond just $1m. "Hodlers" today will be the ones that will largely benefit in the future.

Nonetheless, it's never late to get into Bitcoin. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my thoughts

[BITCOIN4X]

I'm glad that there are so many people who are still so optimistic about the future of bitcoin which makes me believe that bitcoin really is a must-have for every investor in their portfolio. I only agree that this is speculation, but does not rule out the possibility that $1M will be reached in the future.

I hope that after the 4 year cycle (halving) the bitcoin price can reach ATH 4 times higher than the previous ATH which will be an important factor in achieving greater returns. In the end $1M is possible, but I'm not sure about the timing.

[adaseb]

ARK started to perform poorly because during that period many stocks have already peaked. Most think the stock market bear has started in Nov 21 when crypto peaked but it started in the Summer of 2021 pretty much.

The indices kept making new highs only because stocks like Tesla, Apple, Facebook had good gains however many stocks like Peleton, Baba, Uber, etc already peaked and have been hitting constant 52 week lows for the last few months.

The fund is doing poorly as a result of the timing in the markets. They should of gotten out much earlier than they did. They will be back up when the bull market returns however.

[pooya87]

I still think that $1 million per bitcoin is not only possible but also the start (it can go even higher). But I no longer can envision when.
The cycle seems to have been broken and the adoption rate has been disturbed. Previously the adoption rate has been rising constantly with jumps during the last months of the cycle (near bubble) and decreased a couple of months after it (bubble pop) but these days it seems to have slowed down while we neither had bubble nor bubble pop. At the same time we are hearing major adoption news like the case of legal tender in el Salvador that changed a lot of global perception.

I think we are in a new chapter in bitcoin market history and have to wait and see what trend is bitcoin going to follow in the coming years that would determine the projection for $1 mil target. It could be reached in 2 years too.

[STT]

But Ark Innovation ETF has performed poorly in the last 12 months:

12 months is not a proper time to consider investment returns over.   BTC has the same problem in that many are only interested so long as every month its going up or might still go up, if people lose sight of that instant return they depart as if thats the entire story.  This is not the baseline behavior for BTC base gains, its proven itself to be a long term asset surprisingly.