$1M Bitcoin Valuation until the end of this Bull Run

[DapanasFruit]

Didn't this guy learn anything from Mr 'I will eat my dick on national TV'? A million in three months is just looking forward to making a fool of himself. The bad thing is not that he has a million that he can throw away without even batting an eyelid, the bad thing is the desire to make a fool of himself.

Some people can get overexcited and can be pushing some impossible ideas...however we should not be complaining if in case around 3 months we can see BTC dramatically rise up to $1 million. The only way for this to happen if we can the collapse of the whole USA economy and not just banking which can mean that hyperinflation is suffered by the millions of people. In other words, we need a staggering disaster to happen to make that $1M a big reality. In my own view, predictions like this is not actually helping the cause of Bitcoin...we are just becoming the source of jokes.

[1714814493]

1714814493

[1714814493]

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[wxa7115]

Some people can get overexcited and can be pushing some impossible ideas...however we should not be complaining if in case around 3 months we can see BTC dramatically rise up to $1 million. The only way for this to happen if we can the collapse of the whole USA economy and not just banking which can mean that hyperinflation is suffered by the millions of people. In other words, we need a staggering disaster to happen to make that $1M a big reality. In my own view, predictions like this is not actually helping the cause of Bitcoin...we are just becoming the source of jokes.

There is no other way for bitcoin to reach that price so fast, since it is impossible the demand could explode to such degree without a major economic event destroying the faith of the people on the ability of the governments to control the economy.

And while some may want to see that scenario I wonder if they actually realize how damaging this could be, as even if the price of bitcoin went that high it will do so by creating worldwide turmoil, and it would not surprise me if extreme social movements, drastic economic reforms and even wars took place during that period of time and the subsequent years.

[Iranus]

Didn't this guy learn anything from Mr 'I will eat my dick on national TV'? A million in three months is just looking forward to making a fool of himself. The bad thing is not that he has a million that he can throw away without even batting an eyelid, the bad thing is the desire to make a fool of himself.

Some people can get overexcited and can be pushing some impossible ideas...however we should not be complaining if in case around 3 months we can see BTC dramatically rise up to $1 million. The only way for this to happen if we can the collapse of the whole USA economy and not just banking which can mean that hyperinflation is suffered by the millions of people. In other words, we need a staggering disaster to happen to make that $1M a big reality. In my own view, predictions like this is not actually helping the cause of Bitcoin...we are just becoming the source of jokes.

Even if the economy of the US or the world collapses, there is no evidence that it will have a positive impact on bitcoin and take bitcoin to $1 million. Don't forget last year, the economy only suffered from inflation, bitcoin was also hit hard, and if the economy crashed or the whole bank collapsed, it would cause a massive crisis, and bitcoin is also hard to avoid the impact. I suspect that the collapse of the banks does not impact bitcoin much, what is happening is more like someone is taking advantage of the news to manipulate investor sentiment rather than actual demand.

[ilovealtcoins]

Some people can get overexcited and can be pushing some impossible ideas...however we should not be complaining if in case around 3 months we can see BTC dramatically rise up to $1 million. The only way for this to happen if we can the collapse of the whole USA economy and not just banking which can mean that hyperinflation is suffered by the millions of people. In other words, we need a staggering disaster to happen to make that $1M a big reality. In my own view, predictions like this is not actually helping the cause of Bitcoin...we are just becoming the source of jokes.

There is no other way for bitcoin to reach that price so fast, since it is impossible the demand could explode to such degree without a major economic event destroying the faith of the people on the ability of the governments to control the economy.

And while some may want to see that scenario I wonder if they actually realize how damaging this could be, as even if the price of bitcoin went that high it will do so by creating worldwide turmoil, and it would not surprise me if extreme social movements, drastic economic reforms and even wars took place during that period of time and the subsequent years.

Those who are thinking that are stupid because if that happens, we will lose more than we gain from investing in bitcoin. If bitcoin is really good, then let people come and use it rather than pray for the bank to go bust for bitcoin to benefit. This is no different than the dirty competition the government is doing with bitcoin, they try to stop it, while we pray for them to collapse. After all, the government and we are equally evil.

[UmerIdrees]

Didn't this guy learn anything from Mr 'I will eat my dick on national TV'? A million in three months is just looking forward to making a fool of himself. The bad thing is not that he has a million that he can throw away without even batting an eyelid, the bad thing is the desire to make a fool of himself.

Some people can get overexcited and can be pushing some impossible ideas...however we should not be complaining if in case around 3 months we can see BTC dramatically rise up to $1 million. The only way for this to happen if we can the collapse of the whole USA economy and not just banking which can mean that hyperinflation is suffered by the millions of people. In other words, we need a staggering disaster to happen to make that $1M a big reality. In my own view, predictions like this is not actually helping the cause of Bitcoin...we are just becoming the source of jokes.

I think this was just to increase the hype so that retailers could jump in the bitcoin investments at levels like 28K or 27K and the whales can later dump the market on this. I never believe in these fake bets whose purpose is not what it seems.

Even if the world economy and banking sector fail in these three months (which is highly unlikely as US is saving the banks with excessive dollar printing), the cryptocurrency market would not gain all this money because it is still not regulated.

Yes, bitcoin BTC will reach a million dollars or more but this would not happen in 3 months, not even in 3 three years. I will take time and we may see these prices after a decade or so.

[The Sceptical Chymist]

The traditional banking system is about to end and there is no doubt about it. One after the other the banks are daying on their own doing.

I don't know how old you are, but do you happen to remember 2008-9 by any chance?  Because if you do, you'd also have to recall all of the cries from financial and other media that the banking system was on the verge of collapse--and back then it really did look as though the entire economy was in danger of imploding.

But now?  There might be banks failing, but from what I see it's nothing like it was just over a decade ago (although I don't think we've yet seen the consequences of all the cheap money that's been available for so long).  So I think your premise is a flawed assumption.

I'm not even sure if bitcoin is in any kind of trending market, either bearish or bullish.  There was a big pop up to where we are now, but who's to say that it won't drop back down to $15k or lower?  I do think there's a possibility of seeing bitcoin at $1 million, but I'm not sure if that's going to be in my lifetime or not.  Note: I said the same thing about 1 BTC=$10k, and boy was I wrong about that!

[|MINER|]

I don't know if or when bitcoin will reach 1 million, but banks collapsing like this can be a plus point for bitcoin or crypto currency. After the collapse of the bank sector of the United States of America, now one after another collapse is seen in the bank sectors of Europe, the banks of Switzerland and Germany are one of them. And through this it is going to prove again that how safe the bank sectors are to keep our money. Be that as it may, Bitcoin can be another option that is going to be proven again.

[Hamza2424]

The traditional banking system is about to end and there is no doubt about it. One after the other the banks are daying on their own doing.

I don't know how old you are, but do you happen to remember 2008-9 by any chance?  Because if you do, you'd also have to recall all of the cries from financial and other media that the banking system was on the verge of collapse--and back then it really did look as though the entire economy was in danger of imploding.

But now?  There might be banks failing, but from what I see it's nothing like it was just over a decade ago (although I don't think we've yet seen the consequences of all the cheap money that's been available for so long).  So I think your premise is a flawed assumption.

I'm not even sure if bitcoin is in any kind of trending market, either bearish or bullish.  There was a big pop up to where we are now, but who's to say that it won't drop back down to $15k or lower?  I do think there's a possibility of seeing bitcoin at $1 million, but I'm not sure if that's going to be in my lifetime or not.  Note: I said the same thing about 1 BTC=$10k, and boy was I wrong about that!

Senior as you mentioned

do you happen to remember 2008-9 by any chance?

I would like to mention that I was just 5 or 6 years old in the timeline which you are pointing at.

Senior in response to your first query I would like to mention that my experience, analysis, or observation whatever you want to call is based on just 2019 to the current journey in which you can also skip 2019 because I was a newbie and still I am on the way of learning my journey started with my Fathers Work and from there the first time I heard the term Bitcoin and was about investing a large amount of money in Bitcoin (2017) which was supposed to be done my father's friend as I am not from a rich family but my father was working with a colleague who was from a very rich family even that you can say in that time he was controlling the maximum Freelancing and Remote Jobs in Pakistan and He invested around $970K In Bitcoin. From that point, my father educated me about bitcoin and the crypto market.

But as you know middle-class family problems my father didn't invest any amount in bitcoin even after watching his friend invest such a  
huge amount with such courage due to our financial limitations my father just held his payments received from providing the Freelancing services. I am quite determined about the future in risk investment markets, particularly Bitcoin.

Moving on to the next part I do agree with your comment BTC=$10k a great fall indicates a great rise (Not like LUNA Mtgox and FTX) but what I think here is the new generation is standing with the crypto market which is not shocking at all as we all need transparency and all the features whatever we need this new generation to try to find it in the Crypto market. I also agree with $1M  valuation of Bitcoin that it's not that easy but cycle after cycle it's not impossible.

[Ozero]

The banking system is very stable. It rests on the authority and strength of state power, and the state will take all measures to ensure that this system continues to function. Therefore, individual banks can go bankrupt, not the banking system. The fact that some banks fail happens periodically, but there is no threat to the existence of the banking system.
The world economic system is now weakened by the long-term coronavirus pandemic, various cataclysms and wars. Therefore, it is not surprising that certain difficulties appear.
How all this will affect bitcoin and the cryptocurrency market is hard to say. When the coronavirus appeared, they also predicted an increase in the price of bitcoin. But that did not happen. We need to observe the situation and make our own analysis.
But I don't think that in the coming years we will be able to see the price of one million dollars of bitcoin.

[Yatsan]

The banking system is very stable. It rests on the authority and strength of state power, and the state will take all measures to ensure that this system continues to function. Therefore, individual banks can go bankrupt, not the banking system. The fact that some banks fail happens periodically, but there is no threat to the existence of the banking system.
The world economic system is now weakened by the long-term coronavirus pandemic, various cataclysms and wars. Therefore, it is not surprising that certain difficulties appear.
How all this will affect bitcoin and the cryptocurrency market is hard to say. When the coronavirus appeared, they also predicted an increase in the price of bitcoin. But that did not happen. We need to observe the situation and make our own analysis.

Also, governments won't allow such thing to happen. Banks are simply contributing huge percentage to a country's economy and a total collapse might result to a huge problem as well. Banks will be there given that fiat is the dominant currency being used tto most of the transactions and purchases and is more likely to continue even in the future despite of the emergence of digital decentralized currencies. FOMO I guess for those who easily believed on such unrealistic assumptions. There are indeed problems at the present but banks and government sectors, won't simply allow such devastation on their end. It would be a total chaos if ever so I won't even bother thinking of such instance.