Bitcoin to 1 Million is it really possible?
1 million what? Stones? USD? EUR? The value will always be dependent to it's correlation of another asset be it fiat or metal such as Gold. But the sky is the limit. There is a possibility that it can surpass 1M usd but it is also one in a million probability. Objectively speaking, 1M of value would be an overprice. No one will be willing to do such a transaction of person to person unless the supply is very low.
There's no wrong on that question. But having a more realistic insight will give you better information with dealing with future price action in crypto.
To clear the point about it being overpriced if it reaches $1m and people make large transactions person to person, I assume you know that Bitcoin has 8 decimal points, so it is not important for you to send the same amount of Bitcoin when the price of Bitcoin is $1m each that you send right now when the price if $30k, so if you send 0.03 Bitcoin right now, it might be worth the same if you send 0.0003 Bitcoin when one coin is worth a million dollars.
So that is absolutely not a problem, people will still be able to make transactions normally as they do now, the only difference will be in the size of Bitcoins being sent or received as the value will be dependent on that and it keeps changing over time, supply doesn't need to be very low for that at all.
Yes, we do have small units on which it would really be that understandable that price would really be not an issue since it would really be still able to make out or adjust basing up on decimals and we know that
we could still make out transactions with few satoshis if ever the price would really be hitting up a million per coin but just like the rest been saying that it would be somewhat that non realistic on this kind of approach
when it comes to this price knowing that the movement isnt really that something that could really be that too easy to break out those tough resistances on which reaching out high peak price even on $100k
would already be a challenge.
But well, we dont know on what the future holds on which it would really be just that normal that those things could neither happen or not and it would be all according to demand and recognition of the community.
