Cathie wood says 1 btc $1m by 2030 how possible?

[bitbollo]

these forecasts are always interesting but I wonder... are these based on specific analyses? Did she provide any details on how she arrived at this rating?
she is talking about such a large increase in value compared to actual values, that it really takes a certain imagination to think of something like this...
ok we are all optimistic and confident about this technology, but will 8 years be enough to have these economic values?

[1714679917]

1714679917

[1714679917]

1714679917

[1714679917]

1714679917

[1714679917]

1714679917

[1714679917]

1714679917

[wxa7115]

20 to 30 trillion is a lot but we should know that the adoption rate for btc is not at its fullest yet. There must be a lot of countries who are not yet involved in btc. Imagine if all of them allow btc one day and make it as a legal tender? Then I think we can be at least close to that target price by cathie and some people here in the forum. For you and me, we only have a small goals for btc. That would be a hundred thousand dollars or two while I don't believe that it will take 8 years for it to happen.

Maybe it will occur 4 to 5 years from now. Those who assume for $1m or even $500k for btc are I think going to be itchy to sell when they see btc touch that levels although they can always buy again at the dip and hodl for another higher price target.

It seems possible there are some other countries which may be interested in allowing a higher level of freedom so their citizens can use bitcoin on their territory, but at the same time they do not want to make a move, make a mistake and then be criticized by their citizens.

So I think there are countries which are observing very closely what it is happening at El Salvador, and if bitcoin gains traction there and people begin to use it in their everyday lives then they could eventually adopt bitcoin and make it legal tender.

[Pejoh Asu]

If Bitcoin can last until 2030 or about 7 years then I'm sure the price will skyrocket, now we face a serious challenge, namely the speculators and exchanges who can control prices, if the owner of Bitcoin is not too dominant and pure from the community then I'm sure Bitcoin will be Difficult to drop as happened this year.

[cryptomaniac_xxx]

If Bitcoin can last until 2030 or about 7 years then I'm sure the price will skyrocket, now we face a serious challenge, namely the speculators and exchanges who can control prices, if the owner of Bitcoin is not too dominant and pure from the community then I'm sure Bitcoin will be Difficult to drop as happened this year.

What do you mean? of course, I doubt that bitcoin will suddenly died in the next 7 years. The thing we should look is how many block halving do we need to be able to get to the point wherein all bitcoin have almost been mine, or least 99% of it and that 1% could last till 2140 or the last time that we will see block halving.

So most probably in the next 3-4 halvings, we will have that data and maybe that time, the price could shoot up to $1 Million, who knows.

We just have to go to a lot of phase though and have a lot of patience to stay in this market.

[Hamphser]

If Bitcoin can last until 2030 or about 7 years then I'm sure the price will skyrocket, now we face a serious challenge, namely the speculators and exchanges who can control prices, if the owner of Bitcoin is not too dominant and pure from the community then I'm sure Bitcoin will be Difficult to drop as happened this year.

Lasting or not then there's no way on knowing the future and this is what makes things you would be thinking and having doubts whether you would go all in or put huge amount on crypto investment or not.

We do have this a million dollar/for 1 bitcoin talks is never been new, lots had been that too optimistic when it comes to that price point which i could say that it is really that too hopeful and too unrealistic.
Its better not to make yourself that much optimism because if the price didnt able to hit up that point based up on what you had predicted or anticipate then you would really be getting that disappointed.
Its better if you would really just deal up with things on what we are facing now and dont overlooked that much so that you would get that annoyed nor really that impulsive if ever
things didnt really go on what you do expect.Lots of things that you could really be hearing up with this and those speculations whether that optimistic or pessimistic then its
not something new.

[STT]

It could be priced at a million by next year, we dont need next decade even as any price is possible.   The main point to take away about price instability is it actually causes a large amount of damage, prices are not the finish line or the prize in an economy you want actual useful business and a society that benefits from that useful performance of a working efficient economy.   Fast prices just means we are slipping and inaccurate in our description and assurance of prices, this is a 'disorderly market' as the FED would put it.   
  1m of 2030 wont be the 1m you see in 2022, it means the currency has likely failed.   Even 7% loss per year of value results in half gone after a decade, thats a leaky bucket and it will disrupt companies, markets & losing jobs.   Not quite the positive it appears imo
   

[len01]

Cathie wood tells bloomberg she thinks 1 bitcoin will worth a million dollars by 2030

-snip

nothing is impossible for bitcoin to reach $1 million but I don't know when it will happen but some people are too quick to take the gamble. to me it's normal when someone overestimates the price of bitcoin and it's not bad to have faith that it will happen. but what makes all of that look bad is that it's too soon for 2030 to reach $1 million.

[Adbitco]

Cathie wood tells bloomberg she thinks 1 bitcoin will worth a million dollars by 2030

-snip

~but what makes all of that look bad is that it's too soon for 2030 to reach $1 million~.

Well from the view is almost 8 years to come and looking at the previous ATH then you may decides if is possible and we still have about exact 2 halving ahead to this, possibly we may get closer to +$700k by then or just $1m. I like the fact you said anything is possible so let just watch and see but if i were anyone else i would still buy more BTC, although from my understanding she was like "guessing" because there is no certainty with her words.

[CryptoBuds]

Cathie wood tells bloomberg she thinks 1 bitcoin will worth a million dollars by 2030

-snip

nothing is impossible for bitcoin to reach $1 million but I don't know when it will happen but some people are too quick to take the gamble. to me it's normal when someone overestimates the price of bitcoin and it's not bad to have faith that it will happen. but what makes all of that look bad is that it's too soon for 2030 to reach $1 million.

I also believe bitcoin hitting $1 million is possible, but in such a short time, it would be a challenging task for bitcoin.
In the past, bitcoin could grow thousands of times from $0.01 to several thousand dollars in a few years, that was when bitcoin's market cap was small. But as bitcoin's market cap gets bigger, it's not easy to achieve thousands of percent growth in a short time. Not just in bitcoin but with any asset class, the larger the market cap, the lower the volatility.
But the belief that 1btc = 1 million dollars is worth looking forward to in the future.

[rodskee]

Now I am confused if I had to sell all my holdings in 2024-2025 (halving season) or will be waiting for the next one?  this made me think of being greedy to expect that coming lol.

but even if? I will still trust bitcoin to be my Holding either till that time or before , but this is one of the most positive comment towards bitcoin in this bearish market to make people believe on its coming years .

[Nrcewker]

these forecasts are always interesting but I wonder... are these based on specific analyses? Did she provide any details on how she arrived at this rating?
she is talking about such a large increase in value compared to actual values, that it really takes a certain imagination to think of something like this...
ok we are all optimistic and confident about this technology, but will 8 years be enough to have these economic values?

Yes with these predictions some evidence was really required to conclude this. Moreover to be honest, anything and everything possible. I mean at first No one believed 1 BTC will someday cost 69k usd, but we did touch it right? Similarly BTC might reach 1 Million USD soon, and then we might have other predictions also. But yes as you have said some analysis and proofs would have really helped people to believe on these estimations.

[$crypto$]

Now I am confused if I had to sell all my holdings in 2024-2025 (halving season) or will be waiting for the next one?  this made me think of being greedy to expect that coming lol.

but even if? I will still trust bitcoin to be my Holding either till that time or before , but this is one of the most positive comment towards bitcoin in this bearish market to make people believe on its coming years .

We don't know about the upcoming cycle but history always proves the growth of bitcoin is very fast after Halving, but we never know if bitcoin will reach a price of $1,000,000 in 2030?
Don't be too confused if in 2024/25 bitcoin is pumped again with new ATH we can sell to enjoy the profits we have gotten so far and bitcoin will definitely be bearish again if you look at the previous cycle, there you can buy again at a low price, but indeed if the HOLD is longer it would be better because it has been holding strong for 8 years.

[kamvreto]

We don't know about the upcoming cycle but history always proves the growth of bitcoin is very fast after Halving, but we never know if bitcoin will reach a price of $1,000,000 in 2030?
Don't be too confused if in 2024/25 bitcoin is pumped again with new ATH we can sell to enjoy the profits we have gotten so far and bitcoin will definitely be bearish again if you look at the previous cycle, there you can buy again at a low price, but indeed if the HOLD is longer it would be better because it has been holding strong for 8 years.

Is it not too far to expect Bitcoin to reach ATh $1,000,000 by 2030? but indeed no one will know what the future of bitcoin actually is, but that price still doesn't make sense. at the moment we are still focusing on bitcoin's new ATH which will probably reach $100k before the 4th halving occurs. 2024/25 will be a possibly good year for bitcoin, but for now, bitcoin is still in a bearish position. Just need to be patient and buy bitcoin gradually and then hold it for the long term.

[Mpamaegbu]

Her projection is mere FOMO, if you asked me. I know that no one is likely to deem it fit to complain about that because we all want Bitcoin to soar in price. However, if it were the other way round, a lot of people would call her hater for causing FUD. Now, about her projection; I don't see Bitcoin price getting to that price in 2030 as she mentioned. Bitcoin has two more halving circles to that time from now. I see Bitcoin hitting above $100k in the next halving coming up in 2024 and then we expect a bear season that will drop price until the next halving in 2028 where we can find price above $200k or may be $300k if all things go according to plans. So, how can that huge gap to $1m be achieved? Yeah, I know this is cryptos and anything can happen but I don't sincerely see $1m happening.

[jaberwock]

Now I am confused if I had to sell all my holdings in 2024-2025 (halving season) or will be waiting for the next one?  this made me think of being greedy to expect that coming lol.

but even if? I will still trust bitcoin to be my Holding either till that time or before , but this is one of the most positive comment towards bitcoin in this bearish market to make people believe on its coming years .

You can sell some or half of your hodlings but I think a better approach would be to sell all your BTCs on the year of 2024-2025 when BTC hit $100k and then buy when it dumps again. I am sure it will dump after a year, like on what we experienced before. $1m for BTC seems very juicy so who wouldn't be greedy when this event came in?

However, we should control it because too much of it isn't good anymore. Maybe it will make us loan for more money to buy more BTC thinking there will be more to come but we will only lose the loan because like I said earlier, a dump can usually happen right after a pump. I know it can recover but it's not going to be easy.

[qwertyup23]

these forecasts are always interesting but I wonder... are these based on specific analyses? Did she provide any details on how she arrived at this rating?
she is talking about such a large increase in value compared to actual values, that it really takes a certain imagination to think of something like this...
ok we are all optimistic and confident about this technology, but will 8 years be enough to have these economic values?

I do think that her guesses are more speculative than analytic, given that she has not provided any concrete evidence or at least basis on her statement on why she concluded that 1 BTC would reach $1m by 2030. If there is one thing that is certain, it is that the next halving will happen on the year 2024. We could expect its price to skyrocket, but I doubt that it will reach $1m anytime soon.

But to be honest, who would ever know what the price of BTC may be? She could either be genius or crazy but one thing is for sure- better HODL your coins if you really plan on investing long-term.