When do you think Bitcoin will hit $1 million for the first time?

[Captain Corporate]

Why do we really need all these type of increases to feel hyped about bitcoin? Isn't the fact that it would be valued more than the purchasing power of dollar enough for us? Like lets assume we are at 30k, whatever you can buy with 30k, you can't buy that in 10 years with 30k, because of inflation, but whatever you can buy with 1 bitcoin today, you can buy even more with it in 10 years. That information alone is enough for me, doesn't need to be more than 1 million dollars, it just needs to beat inflation in dollar and I would be fine with it. This should easily be the main reason anyone buys, and not really rush into it, it should be your retirement goal to retire rich and have a comfortable old age, that is "nearly" guaranteed in bitcoin. I say "nearly" because nothing is %100 guaranteed but I trust that it will be fine.

[GreatArkansas]

Just for fun, since this is the Speculation forum, when do you think Bitcoin will hit $1 million USD for the first time?


Presumably this will happen during a bull run and then it'll fall back below $1 million for a couple years, but what year do you think will be the first time we see $1 million bitcoin?

Personally I think it'll be during the 2036/2037 bull run, assuming the four year market cycles are still going on at that point. Though the 4 year cycle may have largely faded away by then, but somewhere around those years feels about right.

I have chosen "NEVER"!
(....)

We'll never know. Although some experts believe Bitcoin will eventually reach $1 million or even higher, the precise timing of such an event is uncertain and depends on a number of variables.
Different people got different opinions, what if Bitcoin will reach that number but maybe in the next thousand years? Like the new generation is already here and we don't exist anymore?

[ancafe]

Presumably this will happen during a bull run and then it'll fall back below $1 million for a couple years, but what year do you think will be the first time we see $1 million bitcoin?

If there are people who are able to determine when bitcoin will touch that price, then more and more people will buy bitcoin, the problem is price fluctuations and no one can guarantee. Questions like this are more about belief and why bitcoin should be taken as an investment opportunity, whereas for the price of bitcoin it doesn't matter when we will see it at that price.

Personally I think it'll be during the 2036/2037 bull run, assuming the four year market cycles are still going on at that point. Though the 4 year cycle may have largely faded away by then, but somewhere around those years feels about right.

You are also relying on assumptions but not a concrete reason, cycles may give a new price for bitcoin, but no one can guarantee arriving at that price. So the reason is simpler, keep buying and holding the bitcoins that we have.

No one can predict exactly when bitcoin will reach $1 million USD, but speaking of cycles there is a possibility that for the next ATH bitcoin will approach that price. But there is also no certainty whether we will see in the next cycle or in the year as you mentioned.

[carlfebz2]

Just for fun, since this is the Speculation forum, when do you think Bitcoin will hit $1 million USD for the first time?


Presumably this will happen during a bull run and then it'll fall back below $1 million for a couple years, but what year do you think will be the first time we see $1 million bitcoin?

Personally I think it'll be during the 2036/2037 bull run, assuming the four year market cycles are still going on at that point. Though the 4 year cycle may have largely faded away by then, but somewhere around those years feels about right.

I have chosen "NEVER"!
(....)

We'll never know. Although some experts believe Bitcoin will eventually reach $1 million or even higher, the precise timing of such an event is uncertain and depends on a number of variables.
Different people got different opinions, what if Bitcoin will reach that number but maybe in the next thousand years? Like the new generation is already here and we don't exist anymore?

Well you do really have some point but it isnt something that we could really be able to assure out that it would happen even on thousand years.We dont know on what the future holds but basing up on
what Bitcoin is currently having when it comes to potential then we could say that there might be chance.Just like you do said that it would really be depending on on several factors which might
happen along the way which might it would be pushing up the price into a value which we didnt really expect that it did really reach out.This is why it would really be depending
but for now in speaking in our lifetime then i cant really that so confident that it would reach out $1M because basing up on whats the movement that we do have
then it is really that hard.

[wxa7115]

Just for fun, since this is the Speculation forum, when do you think Bitcoin will hit $1 million USD for the first time?


Presumably this will happen during a bull run and then it'll fall back below $1 million for a couple years, but what year do you think will be the first time we see $1 million bitcoin?

Personally I think it'll be during the 2036/2037 bull run, assuming the four year market cycles are still going on at that point. Though the 4 year cycle may have largely faded away by then, but somewhere around those years feels about right.

I have chosen "NEVER"!
(....)

We'll never know. Although some experts believe Bitcoin will eventually reach $1 million or even higher, the precise timing of such an event is uncertain and depends on a number of variables.
Different people got different opinions, what if Bitcoin will reach that number but maybe in the next thousand years? Like the new generation is already here and we don't exist anymore?

I find interesting that the never option is tied as the second most popular response, and if this is happening on a bitcoin forum, in which people should be as bullish as we can imagine, then this could explain why there are so many economists and politicians out there which do not believe in bitcoin at all.

However I believe there is a high chance bitcoin will reach one million dollars, even if it takes longer than my prediction, as I doubt the economy of the world can remain stable during the next decades.

[|MINER|]

Just for fun, since this is the Speculation forum, when do you think Bitcoin will hit $1 million USD for the first time?
Personally I think it'll be during the 2036/2037 bull run, assuming the four year market cycles are still going on at that point. Though the 4 year cycle may have largely faded away by then, but somewhere around those years feels about right.

It is not that easy to say when bitcoin will reach 1million range. If you look at the way 2020 has been done, I don't think it will go to the time you are talking about. As it is now the age of internet and technology is advancing day by day, it will spread to the people of the world faster than before now, and as soon as it reaches the people, its price will set new ath records. The sooner we can spread awareness to people, the faster it will spread. But today or tomorrow it will definitely touch this range.

[bettercrypto]

Bitcoin has not gotten to $100000 and we are talking about when its price will get to $1 million which will require more pumping of money to buy bitcoin. It is better we discuss more on when bitcoin will reach $100000 first, then after that, we can discuss when it will reach $1 million when $100000 has been reached.

That's right, recently someone gave a prediction that within 90 days it will be 1M$ each, although that's his opinion but many people don't believe and just laugh at him on this matter.

     And for me, it is still unclear that such a concept will happen in bitcoin. They say "Its too good to be true" that's why if the 100k$
after 1 year is still to happen before it happens how about 1M$ each bitcoin, isn't it?

[bitterguy28]

Most voters believe that it will be in the next bullrun or the next before 2029 and with that I also given my votes because as far as I believe, we already crossing 6 digits in the next run so maybe in the coming 6 years from now is enough for bitcoin to cross that margin.

[Joshapat]

Most voters believe that it will be in the next bullrun or the next before 2029 and with that I also given my votes because as far as I believe, we already crossing 6 digits in the next run so maybe in the coming 6 years from now is enough for bitcoin to cross that margin.

I think it's natural because if the bitcoin price reaches $ 1 million soon then we can get a big profit, I'm also optimistic that we can reach the price of $ 1 million before 2030, of course all processes take time, if this year we can reach at least $ 100k then I'm sure before 2030 the price will reach $1 million.

[Who is John Galt?]

Most voters believe that it will be in the next bullrun or the next before 2029 and with that I also given my votes because as far as I believe, we already crossing 6 digits in the next run so maybe in the coming 6 years from now is enough for bitcoin to cross that margin.

I think it's natural because if the bitcoin price reaches $ 1 million soon then we can get a big profit, I'm also optimistic that we can reach the price of $ 1 million before 2030, of course all processes take time, if this year we can reach at least $ 100k then I'm sure before 2030 the price will reach $1 million.

And, besides our desire to get some kind of profit, what other reasons are there to count on such a sharp increase in the bitcoin rate against the dollar? Already, the capitalization of bitcoin is a quarter of the capitalization of the largest corporation Saudi Aramco. If bitcoin crosses the 100,000 milestone, it will get closer to Saudi Aramco capitalization. What about investors who choose to risk an investment in an asset that will be worth more than any corporation in the world? Not necessarily our desire to make a profit correlates with the real ideas of potential investors.

[beerlover]

Personally I think it'll be during the 2036/2037 bull run, assuming the four year market cycles are still going on at that point. Though the 4 year cycle may have largely faded away by then, but somewhere around those years feels about right.

You are also relying on assumptions but not a concrete reason, cycles may give a new price for bitcoin, but no one can guarantee arriving at that price. So the reason is simpler, keep buying and holding the bitcoins that we have.

No one can predict exactly when bitcoin will reach $1 million USD, but speaking of cycles there is a possibility that for the next ATH bitcoin will approach that price. But there is also no certainty whether we will see in the next cycle or in the year as you mentioned.

To be fair when you are talking about something that is this much further in the distance, you just have to speculate about it and can't do much else. Maybe it will happen next year suddenly because of something, or maybe it will happen in 10 years, who knows? This is why everyone keeps making assumptions and made up predictions based on what they think will happen but obviously that doesn't mean that it will happen exactly at that moment, it could happen some other time as well.

I personally hope that the best thing in this situation would be waiting for it, because if we all believe that it will happen, that means it will happen and when it happens could be irrelevant considering all we have to do is hold it and not sell.

[Oilacris]

Most voters believe that it will be in the next bullrun or the next before 2029 and with that I also given my votes because as far as I believe, we already crossing 6 digits in the next run so maybe in the coming 6 years from now is enough for bitcoin to cross that margin.

I think it's natural because if the bitcoin price reaches $ 1 million soon then we can get a big profit, I'm also optimistic that we can reach the price of $ 1 million before 2030, of course all processes take time, if this year we can reach at least $ 100k then I'm sure before 2030 the price will reach $1 million.

And, besides our desire to get some kind of profit, what other reasons are there to count on such a sharp increase in the bitcoin rate against the dollar? Already, the capitalization of bitcoin is a quarter of the capitalization of the largest corporation Saudi Aramco. If bitcoin crosses the 100,000 milestone, it will get closer to Saudi Aramco capitalization. What about investors who choose to risk an investment in an asset that will be worth more than any corporation in the world? Not necessarily our desire to make a profit correlates with the real ideas of potential investors.

We could really be able to make out some calculations when we do speak on certain price ranges on where it is really just normal to have that kind of approach which we would really be needing to have

that realistic approach considering that we cant just set out numbers without even trying to realize about its overall capitalization.This is why i did choose up never too because it is really just
too far off and something that couldnt really be attained because it would be overtaking lots of capitalization in related into those corporations and companies around.
Dont know on what it would be looks like if ever we do reach out on this one.

[livingfree]

What a nice coincidence, I just watched a video content talking about Balaji's bet on June that he's predicting bitcoin reaching $1M on that time. So we've got 2 months left until that bet and prediction he's talking about but I don't think that it will.

Most voters believe that it will be in the next bullrun or the next before 2029 and with that I also given my votes because as far as I believe, we already crossing 6 digits in the next run so maybe in the coming 6 years from now is enough for bitcoin to cross that margin.

I hope that by the next bull run, we will really see bitcoin reaching 6 digits. But just as last bull run that we're all expecting it to be 6 figures, it was a disappointment that it did so, I don't want to put much hope in it but will celebrate when it actually comes.

[bitterguy28]

What a nice coincidence, I just watched a video content talking about Balaji's bet on June that he's predicting bitcoin reaching $1M on that time. So we've got 2 months left until that bet and prediction he's talking about but I don't think that it will.

2 months is too near mate  and even how things go it is impossible for bitcoin to reach that high (at least not in the next Bull run)

it is a too much expectation that will surely come to failure.

Most voters believe that it will be in the next bullrun or the next before 2029 and with that I also given my votes because as far as I believe, we already crossing 6 digits in the next run so maybe in the coming 6 years from now is enough for bitcoin to cross that margin.

I hope that by the next bull run, we will really see bitcoin reaching 6 digits. But just as last bull run that we're all expecting it to be 6 figures, it was a disappointment that it did so, I don't want to put much hope in it but will celebrate when it actually comes.

it is coming mate , 100k is not that far from the ATH of 2021 , remember that we had almost have 70k though failed to break that level.

[BobK71]

Bitcoin has not gotten to $100000 and we are talking about when its price will get to $1 million which will require more pumping of money to buy bitcoin. It is better we discuss more on when bitcoin will reach $100000 first, then after that, we can discuss when it will reach $1 million when $100000 has been reached.

That's right, recently someone gave a prediction that within 90 days it will be 1M$ each, although that's his opinion but many people don't believe and just laugh at him on this matter.

     And for me, it is still unclear that such a concept will happen in bitcoin. They say "Its too good to be true" that's why if the 100k$
after 1 year is still to happen before it happens how about 1M$ each bitcoin, isn't it?

It is definitely a matter of time to expect 1 million from the current condition. Every bull run Bitcoin reach multiple x more than ATH and a certain period of time it gets bearish again. The price of Bitcoin in that mentioned (1 million price) is definitely need to increase the market capital. Currently there is a $ 1.27 trillion dollar market cap where Bitcoin price $ 30K. As a result, if the price of Bitcoin is expected for $ 1 million, the market cap must be raised. In that perspective I do not expect 1 million before 2034.

[livingfree]

What a nice coincidence, I just watched a video content talking about Balaji's bet on June that he's predicting bitcoin reaching $1M on that time. So we've got 2 months left until that bet and prediction he's talking about but I don't think that it will.

2 months is too near mate  and even how things go it is impossible for bitcoin to reach that high (at least not in the next Bull run)

it is a too much expectation that will surely come to failure.

It was a bet of his and many have already doubted him but still he opted to continue that and it's not just for one bet, but two bets.

Most voters believe that it will be in the next bullrun or the next before 2029 and with that I also given my votes because as far as I believe, we already crossing 6 digits in the next run so maybe in the coming 6 years from now is enough for bitcoin to cross that margin.

I hope that by the next bull run, we will really see bitcoin reaching 6 digits. But just as last bull run that we're all expecting it to be 6 figures, it was a disappointment that it did so, I don't want to put much hope in it but will celebrate when it actually comes.

it is coming mate , 100k is not that far from the ATH of 2021 , remember that we had almost have 70k though failed to break that level.

Yes, we had that almost $70k and thought of it will continue up to $100k but it didn't. Maybe this time as we approach to the next bull run, that's a possible price that we might end up soon.

And possibly that more than that which I've seen some predictions about it that the next bull run will surpass the $100k thoughts of everyone.

[BITCOIN4X]

What a nice coincidence, I just watched a video content talking about Balaji's bet on June that he's predicting bitcoin reaching $1M on that time. So we've got 2 months left until that bet and prediction he's talking about but I don't think that it will.

2 months is too near mate  and even how things go it is impossible for bitcoin to reach that high (at least not in the next Bull run)

it is a too much expectation that will surely come to failure.

Somehow I'm not sure $1m will be achieved in less than one year from now, let alone in the next 2 months. Even if it's not impossible, I don't think it's a very reasonable idea to think about. Even if $1m is eventually reached then I think we need a lot of time and factors to make that happen.

Maybe in the next 10 years, or maybe longer depending on how the market responds after the 2024 halving. If the next ATH can reach $200k, then there's a good chance we'll hit $1m in 10 years. Well this is just my assumption but anyway $1m is too big to be real.

[Hamphser]

What a nice coincidence, I just watched a video content talking about Balaji's bet on June that he's predicting bitcoin reaching $1M on that time. So we've got 2 months left until that bet and prediction he's talking about but I don't think that it will.

2 months is too near mate  and even how things go it is impossible for bitcoin to reach that high (at least not in the next Bull run)

it is a too much expectation that will surely come to failure.

Somehow I'm not sure $1m will be achieved in less than one year from now, let alone in the next 2 months. Even if it's not impossible, I don't think it's a very reasonable idea to think about. Even if $1m is eventually reached then I think we need a lot of time and factors to make that happen.

Maybe in the next 10 years, or maybe longer depending on how the market responds after the 2024 halving. If the next ATH can reach $200k, then there's a good chance we'll hit $1m in 10 years. Well this is just my assumption but anyway $1m is too big to be real.

Or even a decade which it couldn't really be that possible for it to happen in short time duration.There's no way that we could be able to hit up those numbers or could be that possible.It is really just too much and

i do agree on other sentiments on here that we do even having a hard time on bypassing or passing up those resistances which we are just targeting into those realistic numbers or levels but still ending up on having that wavy ride which is something that expected for a market something like this. Just let those people who do make out their bets and claims about a million per coin on a particular time or moment
which we know that it isnt something that we could be sure with or unlikely to happen.Everything would be depending on the demand and recognition in global scale then it might be possible.

[darewaller]

votes are almost equal lol , though the vote for never stands as 1 point 

I can't predict when but i believe this will come , it may not now or tomorrow but in the future .

1 million can be broken as people don't believe bitcoin will reach thousand dollars but now it is?

lets keep this faith and we will taste the fruits of our investments and trust sooner.

And what is interesting is most of them believe that BTC will hit $1m. If you think it's possible then you should have voted for the second to the last option in the poll as it includes later. I am not sure if $1m is possible because it will need tons of money to be able for it to happen and BTC needs to be a legal tender in the whole world which is unlikely because many of them are salty against BTC and will remain this way. I am not trying to be negative here but I only say what I observed.

BTC can still reach a good value of over 100k and we can already earn nice profits during that time. If $1m is possible, we will never enjoy it so I wouldn't wait for it to occur but if our goal is to have our kids and their kids a better future then we can hodl some of our coins for them and educate them on how to access it later.

[fadhilz123]

I think it's natural because if the bitcoin price reaches $ 1 million soon then we can get a big profit, I'm also optimistic that we can reach the price of $ 1 million before 2030, of course all processes take time, if this year we can reach at least $ 100k then I'm sure before 2030 the price will reach $1 million.

Optimistic about something good like Bitcoin is very permissible, but you also need to think more logically about this because right now the price of Bitcoin is still very far from the $100K level, and so is the $1 million level which I would not have thought of at all. private even if you give Bitcoin a few years. Apart from that, I also want to get a little insight from you about the $100K price that you are very optimistic about reaching this year.