BTC > 1M ?

[CryptoOx]

Bitcoin to 1 Million is it really possible?

[Beparanf]

Bitcoin to 1 Million is it really possible?

No one will surely give an exact answer about this but we should not constantly value Bitcoin in fiat since fiat suffers inflation. Bitcoin can easily reach that price if Million is worth 100$ later on due to inflation. Bitcoin value will continue to increase when fiat decrease since its not value is not based on fiat but on its scarce supply.

Bitcoin might reach above that projected price in future because fiat is already suffering huge value especially USD. Probably we might use different currency as global currency standards when shit happened on US economy that is now looming.

[Zaguru12]

If you look closely at how bitcoin has come all the way then one could easily say that a Million dollar worth of it is realistic. Bitcoin moved from $1,000 to the ATH ($69,00) which amount to a 6,000% increase. If we look at the increase from $30,000 to $1M it will have to increase at percentage of 3,000%. This mathematical looks realistic but there are certain factors that drives the increase of bitcoin like efficiency of mining, government policies, and many more.

[Obito]

If you look closely at how bitcoin has come all the way then one could easily say that a Million dollar worth of it is realistic. Bitcoin moved from $1,000 to the ATH ($69,00) which amount to a 6,000% increase. If we look at the increase from $30,000 to $1M it will have to increase at percentage of 3,000%. This mathematical looks realistic but there are certain factors that drives the increase of bitcoin like efficiency of mining, government policies, and many more.

But it took a long time for bitcoin to go through that so I wouldn't be holding on to that thought that it will reach a million plus that would probably be unsustainable to the market because there's going to be a lot of people who owns a lot of bitcoins that will suddenly sell their hoard. One step at a time, 100k is what we should look forward to first before that million dollar dream.

[tbct_mt2]

Your question is unanswerable without when.

When is important because it will be related to growth of network hash rate, block difficulty, input cost to mine each Bitcoin, Bitcoin adoption then its usability.

In addition, the inflation of fiat currencies and decrease iof fiat currency purchasing power will contribute to Bitcoin price as well.

I think it is possible but maybe next 30 years at least.

[SmartGold01]

Bitcoin to 1 Million is it really possible?

You can't underestimate the power of bitcoin, there is every possibility of bitcoin getting to million but that may not be possible this year because we need to see another new ATH before seeking for a Million dollar. Maybe that might happened in the next 4 years or 10 year to come but getting to that amount this year is impossible.

[Lorence.xD]

Bitcoin to 1 Million is it really possible?

Next year? Next decades? Century? 1M Bitcoin is possible but for sure it would take a long period of time if you think how many years Bitcoin took before it reach its current value then probably a million value of Bitcoin would also take years. A lot of decade would it take which is my estimate. There's no guarantee when it will reach but for sure it will take decades.

[DanWalker]

Bitcoin to 1 Million is it really possible?

Newbies often have interesting questions . If I can predict correctly and with certainty that bitcoin can hit $1 million, I will sell my house and all my possessions and put all my money into bitcoin, and then I will become rich.
No one can predict what will happen in the future and bitcoin is no exception, mate. But we are in a bitcoin forum, and most people are invested in bitcoin and have a strong belief in it. So the answer that you will get will definitely be "yes." And I also predict and expect bitcoin to hit 1 million or if it can be higher than that, because the higher the price, the more profit we have.

[ImThour]

I am sure OG people who have registered here on the forum must have seen posts like these for "Bitcoin to $100 is it really possible?"
Anything is possible in this world. Bitcoin is a genius idea with an excellent implementation that is going to shine in the coming years when everything will be validated on blockchains.

Due to its scarcity, it will touch $1M one day. Not sure which year or if we will still be alive to see it but it's not something that isn't possible.
If someone is telling you they know when it will touch $1M, they are literally joking. Do not take clowns from Social Media seriously.

Also, $1m from the current price is a 3500% gain which has been achieved in the past. So in short, yes, it's literally possible for Bitcoin to reach $1M however $180k this bull run is inevitable.

Let's see if this post ages well or not in the upcoming future.

[Litzki1990]

Nothing is impossible in cryptocurrency. It won't be surprising if one BTC reaches $1 million. But I think we should wait for bitcoin price to go to hundred thousand dollars first. Because Bitcoin has never crossed $100K in the history of Bitcoin.

1000K dollars is what we usually call a million. With a bit price of $1000K we may have to wait a long time. So I would wait for Bitcoin price to go to $100K first

[Hyphen(-)]

Bitcoin to 1 Million is it really possible?

In this life, nothing is impossible.

Many of us here did not believe Bitcoin would fall below $20k, but it did, and many of us here have a high expectation that Bitcoin will rise above its all-time high of $69k, with many aiming for $100k during Halving. As a result, I will not be surprised if BTC rises above $200k in the near future.

[salad daging]

In another 2 or 3 decades maybe bitcoin will reach a price of $ 1M, too long expecting this uncertain price a bit skeptical asking the current price even though I believe how fast bitcoin growth is.

I won't think about the price too far, but I don't know whether $1M will experience it or not because if bitcoin reaches $100K I'm sure there will be lots of holders selling BTC at that price unless he can hold on for decades.

There is an article with predicting the price of bitcoin 2030-2050 maybe the OP can steel.
Bitcoin price prediction 2030-2050: What might happen to BTC in the long term?

[DeathAngel]

Bitcoin to 1 Million is it really possible?

It is but it’s not going to happen this year, next year or even in the next couple of years. The earliest I see 1BTC at $1,000,000 is 2029. I think it will happen as bitcoin is more widespread adopted & as fiat becomes more & more devalued. Bitcoin is a great option for people to preserve & grow wealth, history shows that.

As time goes on & bitcoin proves itself over & over again more people will flow to it. $1,000,000 per coin is possible this decade.

[Cantsay]

Bitcoin to 1 Million is it really possible?

Only time can tell if the price of bicoin will someday get to 1M(I'm nt sure what currency you're referring to though), but with time and continuous bitcoin adoption and utiisation I'm sure we will see it or perhaps next generation after us will get to see it get to that price.
But if you're looking for someone to just come to this thread and assure you that it's going to happen no matter what then I'm afraid that's not going to happen because no one can tell what's going to happen tomorrow...
Btw, what prompted you to asking this type of question?

[Captain Corporate]

Surely it will be. I mean I am not saying that it will happen today or tomorrow but I am definitely seeing that happening eventually. Which is why I have to say that it is just matter of time and nothing more. I know that people are doubting at this moment but that doesn't mean that it will not be possible, this is something that will happen eventually so we just have to wait for it to happen. I believe that people are worrying about the future and sometimes it drops and that is why when it drops people starts to feel like they are going to lose all their money and that it makes them sell so when it drops, people fear and sell and it drops even more. Which is why I think that we should be hopeful about the future because if we do not lose our confidence about it then we are going to be feeling fine if we do that.

[BVeyron]

Bitcoin to 1 Million is it really possible?

I think it depends on inflation rates. Now there is a high risk of fiat inflation, so 1 btc for $1M is possible, but its more probable not from the "BTC price rise" point of view, but from "inflation" point of view. The ability of cryptoassets to remain valuable in case of fiats inflation is questionable. The mechanisms (and outcome) of changes in values of cryptoassets in case of intense fiat value fluctuations is one of the main riddles in modern, highly digitalised economy.

[romero121]

Bitcoin to 1 Million is it really possible?

I think it depends on inflation rates. Now there is a high risk of fiat inflation, so 1 btc for $1M is possible, but its more probable not from the "BTC price rise" point of view, but from "inflation" point of view. The ability of cryptoassets to remain valuable in case of fiats inflation is questionable. The mechanisms (and outcome) of changes in values of cryptoassets in case of intense fiat value fluctuations is one of the main riddles in modern, highly digitalised economy.

The market is not much dependent over the traditional market. This means there is inflation which will keep the bitcoin at a better price, but the same doesn't drive bitcoin towards a new ath or 1m+ in price. Whether the financial situation is good or bad around is not at all an issue, the market of bitcoin is all about the demand to the supply. How this gets varied will reflect on the price of bitcoin.

[Wend]

Bitcoin to 1 Million is it really possible?

As an investor, I expect it to happen, but the reality is that it is doubtful unless our economy has a major event like inflation peaks, the currency depreciates, and demand for bitcoins increases due to that crisis. Chance of bitcoin reaching 1 million is possible.

[drwhobox]

It is a question that no one can answer. The future of anything is not guaranteed, but it is possible for bitcoin to reach 1m. The increasing demand of bitcoin will help the price to go high overtime and no one can tell what will be the price. If you need the answer you have wait and stick with buying more bitcoin.

[milewilda]

Bitcoin to 1 Million is it really possible?

If we do speak about $1M/coin
Then here's the stats

1. 21T Fully dilluted market cap
- Less out those lost coins in void
- Less out those still havent mined yet

Reachable?
Trying to compared this MC into those known companies
https://www.fool.com/research/largest-companies-by-market-cap/
maximum: 2T by Apple

Forex market?
It isnt something that could give out precise numbers but knowing that this is the biggest when it comes to cap.

If BTC would be 100% be adopted and legalized then who knows if we do see million a coin price.
But one things for sure, that this thing wont really be happening in our lifetime.