$1 Million Bitcoin On Track To Break This Price Level.

[Beparanf]

I also have great confidence in Bitcoin, despite all the difficult circumstances we are facing. I am confident that Bitcoin will regain its position soon. There are many factors that made Bitcoin face a decline, but this will not last long. I expect that we will witness a rise soon in the fourth quarter of this year. I also expect that Bitcoin achieves a new ATH before the end of this year, so I think this is the best time to buy more BTC and HOLD until we see a new high.

I do agree that the price will go up for sure. I am not sure about the price being that high would be a possibility this year, it could drop a bit and that could result with a bad situation for all of us, but even if it doesn't drop, even if it goes up, I am not sure about ATH.

I feel like Q4 will bring us 50k+ and that would be all, somewhere between 50k to 55k and stay there until end of the year. Then by 2023 we are going to see the ATH broken all over again. This is something that I am guessing though, I am not entirely sure if it will happen or not but breaking ATH next year seems like a thing that will probably happen instead of it happening this year.

As Arthur Hayes prediction indicated that this gigantic price might be occur during 2030 and not this year. It's impossible for Bitcoin to grow that price for a short period of time since it requires a lot of liquidity to pump the price at that level.

Yes 50K to Old ATH is the most possible outcome of the price after this current bear season. The price just need to consolidate at strong support at 30K area in able to fuel the bull trend again.

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[ethereumhunter]

I'm curious what will happen on the way to 2030 because it will surely be a thrilling year for bitcoin price to go up and down more often than ever. Just now the price of bitcoin has gone up and down many times and the price can make us never think we will be at that level. But the current bitcoin price needs to increase and go back to the ATH price and then increase gradually. When the bitcoin price gets above $100k, it's bound to go up and down more often.

[dragonvslinux]

I don't think any of the long-term predictions have really changed, despite a bear market to predictable levels, notably the 4 Year MA, oversold conditions, etc, ie nothing out the ordinary.

The only concern is that there wasn't a blow-off top in 2021, taking prices much higher >$100K, but this doesn't mean there won't be another blow off top in another cycle for specific reasons, such as mass traditional bank adoption of Bitcoin, or further adoption by nation states, particularly much larger ones, for example within the EU. Imagine a country leaving the EEA for BTC? Even if Bitcoin becomes considerably overbought, there will be some nations, banks and institutions that will buy it regardless, even if only 1% of their capital, in order to reduce fiat risk. This could have an enormous impact on price.

What's more interesting to note is that Arthur Hayes is usually very bearish on price  - understandably as founder of a derivatives exchange, so profits directly from volatility in both directions - therefore a long-term bullish prediction from him has a lot more credit than the likes of Tom Lee or Mike Novogratz, who are notoriously over-bullish on Bitcoin's price, often getting price predictions wildly wrong.

Either way, I'd take this prediction with a grain of salt. It could take until 2040 or 2050 for Bitcoin to see frequent worldwide usage, or otherwise by 2030 price could be at $1K!

[hugeblack]

Unfortunately, before we reach the levels of one million dollars for Bitcoin, which may take about 10 years, the possibility of a third world war seems promising, which will make the calculations of reaching these levels very foggy.
Therefore, I personally see that the next cycle will be the last traditionally, and then either we will witness rapid growth towards one million or a return to levels below a thousand dollars.

[darewaller]

Unfortunately, before we reach the levels of one million dollars for Bitcoin, which may take about 10 years, the possibility of a third world war seems promising, which will make the calculations of reaching these levels very foggy.
Therefore, I personally see that the next cycle will be the last traditionally, and then either we will witness rapid growth towards one million or a return to levels below a thousand dollars.

Its fine to take ten years to reach to a million dollars, there isn't anything wrong with that. How many investments out there that you could put in 20k range right now and could get you a million dollars by the decade end? I personally feel like there could be a few, but not as many as people think.

Plus, if anything extraordinary happens again, that would be a lot quicker as well and that matters. We had a pandemic which allowed us to see 68k a lot quicker, and if we end up having another global crisis then we are going to see a million dollars quicker than 2030 as well.

I still hope nothing like that happens again but this is a world we live in that doesn't shock me anymore when something big happens. Some people do predict about getting into one million dollar levels by the cycle of next halving; but personally not sure about exact time frame for that price levels but always confident about getting into those miracle numbers.

[Lucius]

Unfortunately, before we reach the levels of one million dollars for Bitcoin, which may take about 10 years, the possibility of a third world war seems promising, which will make the calculations of reaching these levels very foggy.

I think that people approach very frivolously the concept of a possible new world war when it comes to the relationship of that war to previous world wars. The amount of nuclear, biological, and chemical weapons in addition to conventional armaments would mean the practical end of the human species - and all great powers know that such a war must be avoided at all costs. If that were not the case, the EU, Japan and the US would have already declared war on Russia, and thus on China as its ally.

Therefore, I personally see that the next cycle will be the last traditionally, and then either we will witness rapid growth towards one million or a return to levels below a thousand dollars.

Such a development of events is extremely unlikely for me personally, because as I have already written, I do not believe in a new world war, and I do not see why only the price of Bitcoin would be a decisive factor in its success. Those who advocate Bitcoin as a Ponzi scheme keep saying that sooner or later the whole thing will collapse - but they've been saying that for more than 10 years and they won't give up on those ideas.

I, on the other hand, believe that Bitcoin is on its way to even greater adaptation to the existing systems and that it is not all about how much it is worth - because we have to be honest and say that even at this moment it is worth far more than what the majority hoped for 5+ years ago.

[asrinur]

It may sound far-fetched if the price of bitcoin is predicted to reach $1 Million in 2030. There are many factors that drive the bitcoin price increase in the future. The thing that has most played a role in driving the rise of bitcoin is the high demand, and more and more large companies are adopting bitcoin. Therefore, we do not know how the bitcoin price will develop in the future and whether more large companies will adopt bitcoin.

[lixer]

It may sound far-fetched if the price of bitcoin is predicted to reach $1 Million in 2030. There are many factors that drive the bitcoin price increase in the future. The thing that has most played a role in driving the rise of bitcoin is the high demand, and more and more large companies are adopting bitcoin. Therefore, we do not know how the bitcoin price will develop in the future and whether more large companies will adopt bitcoin.

For now yes it may sound impossible because we haven't been into 100k, 300k, and 500k dollars but as soon as we touch those levels, the rest are going to be easy. Remember, people before won't also believe that btc can reach 17k usd on the year of 2017 but after btc proves that it can, people then made higher predictions.

Adoption is one of the factors which can drive the price up. As now, many countries or people are still not into bitcoin but it is expected that they will soon join this trend because the popularity of btc is also increasing. Those who decided to drop btc before are also going to pick it up again because they are afraid to be left behind.