BTC > 1M ?

[Don Pedro Dinero]

I am of the opinion, as some previous answers have already pointed out, that the price will reach one million, we don't know exactly when, and I don't think it will be as much as a couple of decades.

Yes, Bitcoin to $1 million is possible and it will happen in future, but in current date and time Bitcoin won't be able to reach that range anytime soon. If you really want the Bitcoin to reach that price range then you'll have to wait for 1-2 decades for that to happen.

I think we will probably see that in a decade or less, but the purchasing power of a million probably doesn't even reach that of half a million today. When we calculate how much the price of bitcoin can rise by comparing it to fiat, mainly to the USD as is often done, we must also take into account the erosion of the purchasing power of that fiat due to inflation and not just look at the round figure.

[yhiaali3]

but what people keeps looking is about the value of bitcoin against dollar and not what it is truly with for the future.

It is not necessary for us to search for the value of Bitcoin against the dollar. I expect that during the next two decades, the dominance of the dollar will end, perhaps in favor of the BRICS currency, the yuan, the euro, or any other currency, but it does not necessarily have to be the dollar.

Also, the value of bitcoin against the dollar or other fiat is not important. What is important is the purchasing value of bitcoin at that time, because if inflation continues at the rate at which it is going, the purchasing power of the dollar will drop dramatically in the near future.

I hope that at that time Bitcoin becomes the dominant currency linked to the world economy instead of the dollar.

[Sebas.tian]

Bitcoin to 1 Million is it really possible?

Based on the current price in the market, it will be possible but it will take a long time before such price will come through for those that will be alive to hold till then to celebrate massive income in the community. Don't forget that Bitcoin is unpredictable which anything can happen that will make the price of Bitcoin to go higher or decrease down in a way investors will lose hope at the moment before the price will surprise them like the way the price surprised investors by hit $65,000 few years ago. If you have money to invest now, just try and invest it on Bitcoin because there are some sign in the market that show that the price will pump massively in the future to help people to recover from their losses they experienced in the past.

[Dimitri94]

Bitcoin to 1 Million is it really possible?

It's very possible because Bitcoin is part of the future, but indeed to achieve that Bitcoin still needs time first,
let's make it happen in 2025 Bitcoin can reach $ 150k or $ 300k,
hopefully whlaes will also support Bitcoin to reach new ATH in 2024 until 2025

The position from which Bitcoin rose to its all-time high seemed unbelievable to many. But that place of unbelief eventually turns into trustworthy. Today 1 million is hard to predict from the current price of bitcoin but those who believe in bitcoin will not deny the possibility of bitcoin price 1 million and more in the future. Bitcoin's halving is more likely to happen every 4 years later so in the next halving Bitcoin price could exceed 100k by 2024 or 2025. I expect Bitcoin price to reach 1 million by 2030.

[SamReomo]

I am of the opinion, as some previous answers have already pointed out, that the price will reach one million, we don't know exactly when, and I don't think it will be as much as a couple of decades.

Yes, Bitcoin to $1 million is possible and it will happen in future, but in current date and time Bitcoin won't be able to reach that range anytime soon. If you really want the Bitcoin to reach that price range then you'll have to wait for 1-2 decades for that to happen.

I think we will probably see that in a decade or less, but the purchasing power of a million probably doesn't even reach that of half a million today. When we calculate how much the price of bitcoin can rise by comparing it to fiat, mainly to the USD as is often done, we must also take into account the erosion of the purchasing power of that fiat due to inflation and not just look at the round figure.

Well, I know that after a decade a million won't have the current purchasing power, but it will still be a million and even with half of its current purchasing power, it will still be very profitable as compare to it's todays price range. We all know that inflation is increasing to very high levels each year and that's a pure sign of failure of fiat to persist its current value, but Bitcoin is totally different from the fiat currencies. The Bitcoin is a deflationary product and it will continue to increase in value in future. The deflationary nature of Bitcoin makes it unique as compare to traditional assets and fiat based currencies.

The Bitcoin has shown huge growth in previous decade and many people expect that it will show similar growth in the coming decades as well. But, I must say that the coming growth of Bitcoin won't be as high as it's initial decade's growth because at that time Bitcoin was not well known and it first got the attention of the investors, and there weren't so many investors in initial years of the currency. But now, the currency is widely known and many investors are holding huge shares of Bitcoin and are thinking that it will grow huge in future. The new investors are also interested in Bitcoin and there are some investors who are accumulating Bitcoin when market dips.

[OgNasty]

Now that the big guys like Blackrock are moving into the space, a massive jump in price seems almost inevitable. If their ETF gets approved it will be a situation of the higher Bitcoin’s price goes the more money they’ll be able to take in on fees, which will act as a feedback loop as they accumulate everything they can buy using their own investor’s money.

[darewaller]

As the saying goes here, "everything is possible', and with every 4 years bitcoin is becoming scarce, then maybe in the future we are going to see 1 BTC = $ 1 Million. For now though it looks like not doable, but maybe when we reach a point that almost all bitcoin has been mined, maybe in the next 3-4 block halving, the price is going to shoot up.

And with that, it's better for us to really stack sats, it's going to be a race for everyone to get at least 1 BTC in their wallet. And for those who have achieved it, then they are lucky because right now it's going to be very difficult unless you have the money to begin with. But for the majority of us, average joe investors, it might take some time.

For BTC, it's only possible for it to go up but for the shitcoins, there is no way they can rise more but it's only possible for them to dump harder. BTC is getting scarce every four years, thanks to halving but I think even if there is no halving, it can still be able to rise because of the adoption. For BTC to be able to hit 1 million, we need more halving and adoption.

It will take a long time but our wait is going to be worth it for sure because man, we are talking about a million dollar here. Imagine if you have a one whole Bitcoin when you sell it at that time, you don't have to worry about your future anymore. It will now be optional if you will re-invest in Bitcoin again.

[kapalmabur]

Now that the big guys like Blackrock are moving into the space, a massive jump in price seems almost inevitable. If their ETF gets approved it will be a situation of the higher Bitcoin’s price goes the more money they’ll be able to take in on fees, which will act as a feedback loop as they accumulate everything they can buy using their own investor’s money.

This good news is really surprising and it's true that June will be bullish especially,
I'm sure Q3 Bitcoin will go to $ 50k first before another correction,
and 2024 will probably be to $ 65k after that 2025 Bitcoin will be more than $ 150k, hopefully it will happen.

[tygeade]

It's very possible because Bitcoin is part of the future, but indeed to achieve that Bitcoin still needs time first,
let's make it happen in 2025 Bitcoin can reach $ 150k or $ 300k,
hopefully whlaes will also support Bitcoin to reach new ATH in 2024 until 2025

The position from which Bitcoin rose to its all-time high seemed unbelievable to many. But that place of unbelief eventually turns into trustworthy. Today 1 million is hard to predict from the current price of bitcoin but those who believe in bitcoin will not deny the possibility of bitcoin price 1 million and more in the future. Bitcoin's halving is more likely to happen every 4 years later so in the next halving Bitcoin price could exceed 100k by 2024 or 2025. I expect Bitcoin price to reach 1 million by 2030.

I agree that it was a marvelous period at the time and it wasn't that easy but that doesn't mean that we are going to end up with a good result again like that, we shouldn't really be worried about it. I mean as long as it goes up that is enough for us, and 1 million would be very possible on the long run.

I think the best thing to do at this moment is that we shouldn't really be worried about any of this, it doesn't matter when or if it will be a million dollars because we are at a point where as long as it's higher that would be great. That means 100k would be still x4 higher than this, it's 10% of what 1 million dollars is and I think it would still be amazing. That doesn't mean that we did badly, it still means we did great, so look for the smaller wins.

[GelatikKembar]

Now that the big guys like Blackrock are moving into the space, a massive jump in price seems almost inevitable. If their ETF gets approved it will be a situation of the higher Bitcoin’s price goes the more money they’ll be able to take in on fees, which will act as a feedback loop as they accumulate everything they can buy using their own investor’s money.

Indeed, from this incident we can judge that good news is still very influential in the market,
which means it is good that the market is still in good condition, bad news causes dumps and good news causes pumps,
but if we are in a bearish season, good news has no effect on market, well let's hope this is a good sign.

[Minecache]

This good news is really surprising and it's true that June will be bullish especially,

The Blackrock-related news may have helped bitcoin avoid a larger drop, but to say that it will help bitcoin continue its rally into June, I seriously doubt its ability.

I'm sure Q3 Bitcoin will go to $ 50k first before another correction,

What evidence do you have to confirm or prove what you say? As we all know, predicting the future is impossible and especially for a volatile asset like bitcoin.

and 2024 will probably be to $ 65k after that 2025 Bitcoin will be more than $ 150k, hopefully it will happen.

If those are all your hopes and expectations, be optimistic and believe in your goals. But don't claim anything if you don't have proof or are talking about the future.

[kapalmabur]

I'm sure Q3 Bitcoin will go to $ 50k first before another correction,

What evidence do you have to confirm or prove what you say? As we all know, predicting the future is impossible and especially for a volatile asset like bitcoin.

and 2024 will probably be to $ 65k after that 2025 Bitcoin will be more than $ 150k, hopefully it will happen.

If those are all your hopes and expectations, be optimistic and believe in your goals. But don't claim anything if you don't have proof or are talking about the future.

yes, I don't claim it but I'm optimistic about it, look at this time good news one by one appears and that's good,
moreover the price of Bitcoin also rebounded from $ 25k to $ 26k, even though it went up $ 1000 I think that's a good start.

[LFC_Bitcoin]

Bitcoin to 1 Million is it really possible?

It’ll happen, I’m sure of it. You are looking at 10 years or more from now though.

$26,500 will look really cheap in 10 years though so do everything you can to buy as much bitcoin as you can right now. The best time to buy bitcoin was in the first 5 or so years, the next best time is NOW. What you gonna do, anon?

[salad daging]

It’ll happen, I’m sure of it. You are looking at 10 years or more from now though.

$26,500 will look really cheap in 10 years though so do everything you can to buy as much bitcoin as you can right now. The best time to buy bitcoin was in the first 5 or so years, the next best time is NOW. What you gonna do, anon?

A decade or so of doing HOLD will be much better looking at bitcoin's value then, just need to be patient with a long time so just stick with it.

For me $26,500 right now is still too low and only an opportunity to be taken if it's been over a decade then there will be quite a big change in bitcoin maybe the next 10 year low won't be this low in fact it will be much higher than the ATH which achieved over the next 10 years.

Well I believe the time to buy is now, it must be done.

[Ayers]

Bitcoin to 1 Million is it really possible?

It’ll happen, I’m sure of it. You are looking at 10 years or more from now though.

$26,500 will look really cheap in 10 years though so do everything you can to buy as much bitcoin as you can right now. The best time to buy bitcoin was in the first 5 or so years, the next best time is NOW. What you gonna do, anon?

I still hope it happens, but I don't think it will happen in the next 10 years. If bitcoin hits $1 million, that means its capitalization will be twice as high as gold and hit $20 trillion, that's a huge number, and I doubt it can happen in time short. Maybe bitcoin won't hit $1 million, but it could be worth 10 or 20 times the current price is easy. Therefore, I sincerely advise those who have not bought bitcoin because they think bitcoin is too expensive to take advantage of this time to accumulate, do not let the regrets of 10 years ago repeat in the next 10 years.

[ShowOff]

It’ll happen, I’m sure of it. You are looking at 10 years or more from now though.

$26,500 will look really cheap in 10 years though so do everything you can to buy as much bitcoin as you can right now. The best time to buy bitcoin was in the first 5 or so years, the next best time is NOW. What you gonna do, anon?

I still hope it happens, but I don't think it will happen in the next 10 years. If bitcoin hits $1 million, that means its capitalization will be twice as high as gold and hit $20 trillion, that's a huge number, and I doubt it can happen in time short. Maybe bitcoin won't hit $1 million, but it could be worth 10 or 20 times the current price is easy. Therefore, I sincerely advise those who have not bought bitcoin because they think bitcoin is too expensive to take advantage of this time to accumulate, do not let the regrets of 10 years ago repeat in the next 10 years.

If the bitcoin price were 20x what it is now, then it would have been over $500k. Of course I think it is possible, but it will take a long time to see it become a reality. After all bitcoin has risen thousands of times over its initial years, so something big can still be expected including $1M for the price. I think the next 10 years is a reasonable time frame to expect $1M in bitcoin price, but only if bitcoin can get more expensive after the 2028 halving.

[Quidat]

It’ll happen, I’m sure of it. You are looking at 10 years or more from now though.

$26,500 will look really cheap in 10 years though so do everything you can to buy as much bitcoin as you can right now. The best time to buy bitcoin was in the first 5 or so years, the next best time is NOW. What you gonna do, anon?

I still hope it happens, but I don't think it will happen in the next 10 years. If bitcoin hits $1 million, that means its capitalization will be twice as high as gold and hit $20 trillion, that's a huge number, and I doubt it can happen in time short. Maybe bitcoin won't hit $1 million, but it could be worth 10 or 20 times the current price is easy. Therefore, I sincerely advise those who have not bought bitcoin because they think bitcoin is too expensive to take advantage of this time to accumulate, do not let the regrets of 10 years ago repeat in the next 10 years.

If the bitcoin price were 20x what it is now, then it would have been over $500k. Of course I think it is possible, but it will take a long time to see it become a reality. After all bitcoin has risen thousands of times over its initial years, so something big can still be expected including $1M for the price. I think the next 10 years is a reasonable time frame to expect $1M in bitcoin price, but only if bitcoin can get more expensive after the 2028 halving.

Halving cycles could really be indeed make such impact considering that block rewards is getting lesser and lesser on the years been passing or on each halving event and if the demand
would really that continue to bloat up then for sure it would really be that understandable that its value would increase up even more which it is really that a common sense. Next 10 years for
$500k? that it is really that still that close to impossible on which come to mind that we do even take several years to see up a recovery into its price after such correction from ATH to below 15k price bottom that we had experienced for this cycle, which we could totally say that it isnt really that something that would be easy or even lets say that this price point is something
that we cant really see on our lifetime.

[uneng]

It's possible, but for now it's unlikely. Look how hard it is for Bitcoin to break low resistance levels like 30,000$, 40,000$ and 50,000$, or reaching its last ATH of 69,000$ again.

Bitcoin has never reached 10% of the goal proposed on this thread, that would be 100,000$, now imagine how hard it is to hit the 1$ million mark. Imagine how much marketcap has to increase.

That means massive flow of money coming into BTC. And as we know money is heavily concentrated on few hands in the world. Usually, these people are the ones who don't like Bitcoin very much and partner with governments for advantages, so I don't see them becoming supporters of a decentralized cryptocurrency.

Without their money, I guess it's not possible for BTC to reach such price zone...

[Republikcoin.com]

yes, I don't claim it but I'm optimistic about it, look at this time good news one by one appears and that's good,
moreover the price of Bitcoin also rebounded from $ 25k to $ 26k, even though it went up $ 1000 I think that's a good start.

It was just a very normal rebound in Bitcoin although it's still a good thing considering there are a lot of issues that are affecting the price increase in Bitcoin. You're just optimistic that Bitcoin will continue to improve over time and I think that's a good thing because I'm actually also still quite optimistic that Bitcoin will improve in price through improvements, but for now it's still looking pretty tough to happen even though everyone has seen a rebound price from $25k to $26k.

[bettercrypto]

but what people keeps looking is about the value of bitcoin against dollar and not what it is truly with for the future.

It is not necessary for us to search for the value of Bitcoin against the dollar. I expect that during the next two decades, the dominance of the dollar will end, perhaps in favor of the BRICS currency, the yuan, the euro, or any other currency, but it does not necessarily have to be the dollar.

Also, the value of bitcoin against the dollar or other fiat is not important. What is important is the purchasing value of bitcoin at that time, because if inflation continues at the rate at which it is going, the purchasing power of the dollar will drop dramatically in the near future.

I hope that at that time Bitcoin becomes the dominant currency linked to the world economy instead of the dollar.

So, you mean by 2043 the dollar won't be usable this year after 2 decades? How did you say this, I'm just asking? Is there a figure or hold that can be relied upon that what you are saying is true?

Although for me that's okay when it happens, but most of them will disagree with what you mentioned, because what we're talking about is now, so whatever we say will happen in the future, it will remain just a speculation . So it's up for debate until it happens, right?