Michael Saylor predicts Bitcoin can go to $5 million?

[jostorres]

I'm not sure about his prediction but surely Bitcoin can go to $5 million or even more than that, but still we don't know when because in upcoming 10 years it's not possible for Bitcoin to go anywhere close to $5 years and if it does then most of the holders will be millionaires and some maybe billionaires.

Bitcoin is the best asset in the whole world and it can grow to the unimaginable heights in future but sadly no one knows that how long it will take Bitcoin to cross $1 million price tag. Let's still be optimist about its price and hope for a better future for all those investors who are holding. Surely Bitcoin will be at $120k within 3 years but not sure when it will reach $5 million.

Well, not every holder will become a millionaire if Bitcoin hits $1m because they don't all hold 1 or more than 1 Bitcoins. The amount of Bitcoins in circulation is spread into the whole population that has some Bitcoins in their wallet and the percentage of people holding 1 or more than 1 Bitcoins is not really that high, I believe there must be some stats regarding this that we can find somewhere if we do some research but I'm pretty sure about what I'm saying.

However, if Bitcoin manages to reach that price, it will surely make every at least wealthy to some extent, because even if you are holding 0.1 Bitcoin, you will have $100k which is not a small amount no matter in which part of the world you are. So, that will be great and all, but it's nothing more than just a prediction.

[khiholangkang]

I'm not sure about his prediction but surely Bitcoin can go to $5 million or even more than that, but still we don't know when because in upcoming 10 years it's not possible for Bitcoin to go anywhere close to $5 years and if it does then most of the holders will be millionaires and some maybe billionaires.

Bitcoin is the best asset in the whole world and it can grow to the unimaginable heights in future but sadly no one knows that how long it will take Bitcoin to cross $1 million price tag. Let's still be optimist about its price and hope for a better future for all those investors who are holding. Surely Bitcoin will be at $120k within 3 years but not sure when it will reach $5 million.

Well, not every holder will become a millionaire if Bitcoin hits $1m because they don't all hold 1 or more than 1 Bitcoins. The amount of Bitcoins in circulation is spread into the whole population that has some Bitcoins in their wallet and the percentage of people holding 1 or more than 1 Bitcoins is not really that high, I believe there must be some stats regarding this that we can find somewhere if we do some research but I'm pretty sure about what I'm saying.

However, if Bitcoin manages to reach that price, it will surely make every at least wealthy to some extent, because even if you are holding 0.1 Bitcoin, you will have $100k which is not a small amount no matter in which part of the world you are. So, that will be great and all, but it's nothing more than just a prediction.

In making predictions, everyone is free to speculate about the results of their predictions, whatever it is, there is nothing wrong with it, and for me personally the Bitcoin price of $5 million is an impossibility that is in my mind right now when I hear that number.
Maybe my thinking is the same as people who bought pizza with bitcoin in the past.

In my opinion, any formula for calculating this still doesn't make sense, logically we haven't even touched on $1 million, how could it be possible to get a price of $5 million so easily. But dreaming is indeed more beautiful than lamenting reality. LOL

The important thing we can do is to calculate a reasonable target and collect the bitcoins we can.

[SamReomo]

I'm not sure about his prediction but surely Bitcoin can go to $5 million or even more than that, but still we don't know when because in upcoming 10 years it's not possible for Bitcoin to go anywhere close to $5 years and if it does then most of the holders will be millionaires and some maybe billionaires.

Bitcoin is the best asset in the whole world and it can grow to the unimaginable heights in future but sadly no one knows that how long it will take Bitcoin to cross $1 million price tag. Let's still be optimist about its price and hope for a better future for all those investors who are holding. Surely Bitcoin will be at $120k within 3 years but not sure when it will reach $5 million.

Well, not every holder will become a millionaire if Bitcoin hits $1m because they don't all hold 1 or more than 1 Bitcoins. The amount of Bitcoins in circulation is spread into the whole population that has some Bitcoins in their wallet and the percentage of people holding 1 or more than 1 Bitcoins is not really that high, I believe there must be some stats regarding this that we can find somewhere if we do some research but I'm pretty sure about what I'm saying.

I didn't said that every holder will become millionaire as that's something impossible but I said that most of the holders will be millionaires. If we check the current number of wallets that hold 1 Bitcoin then that number is more than 1 million wallets, and if future the number of wallets with 1 Bitcoin will be much higher than that. According to LookintoBitcoin, the current number of wallets holding 1 Bitcoin or more is around 1,020,375 as of Sep 19 2023 and the number will grow to more than 2 million wallets in a few years. I think if Bitcoin even reaches $1 million in value then all of those wallet holders will be millionaires. Yeah, I'm sure that there could be people with multiple wallets having 1 Bitcoin but still all of the wallets will be around $1 million in value if they hold 1 Bitcoin when the price reaches that value.

In my opinion, any formula for calculating this still doesn't make sense, logically we haven't even touched on $1 million, how could it be possible to get a price of $5 million so easily. But dreaming is indeed more beautiful than lamenting reality. LOL

The important thing we can do is to calculate a reasonable target and collect the bitcoins we can.

Yeah, if we speak logically then Bitcoin hasn't even touched $70k, but in predictions we avoid logic and see the things with analytics, and statistics. The Bitcoin has potential to grow much higher in value and we can't ignore that thing but for now it's not anywhere close to even $60k, but surely in future the scarcity principle will work with Bitcoin as well and the value will grow enormously. When the supply is low and the demand is high then the value will also rise, and that's something which is going to take place after each halving event. During each halving event the number of Bitcoin in a block reduces to half and that creates some scarcity and which works to increase the price of an asset. We should also keep that inflation that happens with fiat and that's why Bitcoin can grow much higher in value in future. 

[Stedsm]

Remember this?
https://cointelegraph.com/news/john-mcafee-doubles-down-predicts-1-mln-btc-bets-his-dk-on-it

I bet that these predictions are truly baseless or else BTC would have at least crossed $100k during the recent pump based on many factors, which it didn't. TBH, I believe that taking rational decisions on trading and buying BTC should be advised to new investors instead of luring them with such insane numbers which we know that it's literally not easy to attain.

[khiholangkang]

In my opinion, any formula for calculating this still doesn't make sense, logically we haven't even touched on $1 million, how could it be possible to get a price of $5 million so easily. But dreaming is indeed more beautiful than lamenting reality. LOL

The important thing we can do is to calculate a reasonable target and collect the bitcoins we can.

Yeah, if we speak logically then Bitcoin hasn't even touched $70k, but in predictions we avoid logic and see the things with analytics, and statistics. The Bitcoin has potential to grow much higher in value and we can't ignore that thing but for now it's not anywhere close to even $60k, but surely in future the scarcity principle will work with Bitcoin as well and the value will grow enormously. When the supply is low and the demand is high then the value will also rise, and that's something which is going to take place after each halving event. During each halving event the number of Bitcoin in a block reduces to half and that creates some scarcity and which works to increase the price of an asset. We should also keep that inflation that happens with fiat and that's why Bitcoin can grow much higher in value in future. 

Yes, at least speculation can be calculated logically that with time and what kind of process Bitcoin can reach 5 million, perhaps it can be understood, but if it is just expectation it will be like nonsense.
The large demand will definitely make bitcoin very valuable. That is the market mechanism in general regarding goods, we understand that very well, including the scarcity which is the value of bitcoin as the reason people want to own bitcoin.
But have you ever thought that for bitcoin to make a significant movement there must be another trigger as a means for people to become more interested in bitcoin, such as in the previous cycle bitcoin was accepted as a means of payment for purchasing Tesla cars and that triggered a market reaction that caused a spike in prices.

[SamReomo]

~Snip~

~Snip~

Yes, at least speculation can be calculated logically that with time and what kind of process Bitcoin can reach 5 million, perhaps it can be understood, but if it is just expectation it will be like nonsense.
The large demand will definitely make bitcoin very valuable. That is the market mechanism in general regarding goods, we understand that very well, including the scarcity which is the value of bitcoin as the reason people want to own bitcoin.
But have you ever thought that for bitcoin to make a significant movement there must be another trigger as a means for people to become more interested in bitcoin, such as in the previous cycle bitcoin was accepted as a means of payment for purchasing Tesla cars and that triggered a market reaction that caused a spike in prices.

Well, in the previous cycle Bitcoin got higher in value and its demand was increased due to many factors not only because of Tesla cars. I think Covid-19 pandemic played a very crucial role in increasing the demand for Bitcoin and other crypto-currencies in that cycle and there were some more factors as well. In that cycle PayPal also launched their service to allow its users to buy, hold, and sell Bitcoin and some other crypto-currencies, and other than that MicroStrategy also invested a lot of money into Bitcoin, and finally DeFi got much popularity in that cycle and it was another factor that led to wide adoption of Bitcoin. Those were some of the known factors while there were many factors that weren't available to public but they also played their role in increasing the demand for Bitcoin in previous cycle.

In the next cycle there will be also some factors that play their role to increase the adoption of Bitcoin and other crypto-currencies. We aren't yet aware of those factors but surely Bitcoin will get more attention in the coming decades and the next generation will get awareness about it in their childhood days. I believe that in next 30-50 years the price of per Bitcoin will be so high in value that none of us can imagine right now. If you consider that thing as nonsense then that's your point of view but in theory that can happen in future.

[2double0]

I am eagerly waiting for btc to touch $500,000 before we talk about $5 million. Btc can't go parabolic based on its halving aspect but needs something extra, something big to even think of such targets that Michael Saylor is talking about. BlackRock may get it there (to my expected target) but we should not expect it to be timed near the halving or anytime soon because dollar is yet to get stronger and make things worse for global markets before the institutions truly understand the need of assets like bitcoin through which that problem can be solved to some extent. Looks like interest rates will increase and will make dollar stronger for more time before the bubble of dollar bursts.

[South Park]

I am eagerly waiting for btc to touch $500,000 before we talk about $5 million. Btc can't go parabolic based on its halving aspect but needs something extra, something big to even think of such targets that Michael Saylor is talking about. BlackRock may get it there (to my expected target) but we should not expect it to be timed near the halving or anytime soon because dollar is yet to get stronger and make things worse for global markets before the institutions truly understand the need of assets like bitcoin through which that problem can be solved to some extent. Looks like interest rates will increase and will make dollar stronger for more time before the bubble of dollar bursts.

Either we will have to wait for decades for this price to be reached or an event that shakes the world economy will have to happen in order to accelerate the time frame in which we could see that price, those are the only two scenarios which could lead us to 5 million, however it is impossible to know which will actually happen first, as even if at some point the fiat system will have to collapse I have no idea when this could occur, as the fiat system has been in trouble for a long time and it still exists.

[Falconer]

-snip-

Either we will have to wait for decades for this price to be reached or an event that shakes the world economy will have to happen in order to accelerate the time frame in which we could see that price, those are the only two scenarios which could lead us to 5 million, however it is impossible to know which will actually happen first, as even if at some point the fiat system will have to collapse I have no idea when this could occur, as the fiat system has been in trouble for a long time and it still exists.

Or maybe we need to wait a century to see the price of bitcoin reach $5 million?
We'll never know if we'll be alive when that $5m is reached, but I think that's a huge amount to happen in the next few decades. Bitcoin won't explode like that in my opinion, but the volatility of its value could make it more expensive over time.

Moreover, market behavior does not have to be the same all the time. Prices can rise and fall at any time for many reasons, but I wouldn't think $5m is a very realistic expectation for bitcoin in the next 5 decades.

[jossiel]

I am eagerly waiting for btc to touch $500,000 before we talk about $5 million. Btc can't go parabolic based on its halving aspect but needs something extra, something big to even think of such targets that Michael Saylor is talking about. BlackRock may get it there (to my expected target) but we should not expect it to be timed near the halving or anytime soon because dollar is yet to get stronger and make things worse for global markets before the institutions truly understand the need of assets like bitcoin through which that problem can be solved to some extent. Looks like interest rates will increase and will make dollar stronger for more time before the bubble of dollar bursts.

That's how it should go.

Going with the lower price before it could go with that prediction that's certainly high. But it's not possible, we've got Cathie Wood saying $1M and Saylor for $5M.

It is unknown when these numbers will be filled by bitcoin and if they're going to be accurate with these predictions. While it is music to our ears but it's a music that might not sound in rhythm for now.

[Lanatsa]

-snip-

Either we will have to wait for decades for this price to be reached or an event that shakes the world economy will have to happen in order to accelerate the time frame in which we could see that price, those are the only two scenarios which could lead us to 5 million, however it is impossible to know which will actually happen first, as even if at some point the fiat system will have to collapse I have no idea when this could occur, as the fiat system has been in trouble for a long time and it still exists.

Or maybe we need to wait a century to see the price of bitcoin reach $5 million?
We'll never know if we'll be alive when that $5m is reached, but I think that's a huge amount to happen in the next few decades. Bitcoin won't explode like that in my opinion, but the volatility of its value could make it more expensive over time.

Moreover, market behavior does not have to be the same all the time. Prices can rise and fall at any time for many reasons, but I wouldn't think $5m is a very realistic expectation for bitcoin in the next 5 decades.

Better not to make yourself that mindful about those numbers because even hitting up $1M per coin wont really be happening in our lifetime and this is why it would really be just that wise that you should really be that

sticking into those realistic prices and having those approach which it wont really be that touching up those numbers which are really that unrealistic. It would really be better that you should really be that  
setting out some goals or targets on something with those numbers which are reachable in our lifetime and always be considerate about on having those taking profit years or on the time that you would really be
deciding on your profit taking. We do hear lots of numbers and speculations in regarding about the price but we know that only the community or the market would really be the ones will really be the one that
could lead up whether those numbers are low or high.

Important thing is that you do really be able to secure out your position if ever you do see the opportunity that you are already making out some profits
and this what matter the most.

[Biodom]

A simple calculation shows that if bitcoin goes up 70% a year (on average), then it would reach 5 mil sometime before September 22, 2033 (in about 10 years, roughly).

For comparison, 70% a year is exactly what bitcoin did between September 22, 2013 and September 22, 2023, so someone can't say that we are talking "crazy" numbers here.
All needed for bitcoin to do it is to repeat the last 10 years. I think that it is reasonable, but not guaranteed, of course.

If bitcoin goes up 50% a year (on average), it would be about $1.58 mil in 10 years.
If bitcoin goes up 35% a year (on average), it would reach $533K in 10 years.

Those are more modest numbers and 35% would be a halving of the growth rate in the next decade.

[DeathAngel]

$5,000,000 per coin is possible but it likely won’t be this decade. I think if/when we go that high it would be in 2040 or something like that. I don’t know what $5,000,000 will buy you then though, with the rate of inflation & senseless money printing devaluing the $ & ravaging our purchasing power.

[gunhell16]

Remember this?
https://cointelegraph.com/news/john-mcafee-doubles-down-predicts-1-mln-btc-bets-his-dk-on-it

I bet that these predictions are truly baseless or else BTC would have at least crossed $100k during the recent pump based on many factors, which it didn't. TBH, I believe that taking rational decisions on trading and buying BTC should be advised to new investors instead of luring them with such insane numbers which we know that it's literally not easy to attain.

I agree with what you said. The 500,000 dollars that McAfee predicted about Bitcoin is too far; it is now 2023, and the value of BTC is currently around 26k. Then now, it seems like Michael Saylor is just repeating what Mcafee did. The only worst thing is that he seems to be more intense than Mcafee, even though Michael Saylor invested a lot in Bitcoin.

It's not that we don't want it to be 5 million dollars per Bitcoin, but of course, if we make a suggestion about the value of Bitcoin, it should be realistic, and there should be a basis for why such a prediction was made about Bitcoin. Because he will come out in the end with what Saylor said, he will be a liar, and he will come out just hyping the community in the crypto business industry.

[YOSHIE]

This is according to cryptonews media bitcoinlfg.com' Twitter account. However, I do not see this shared or reported on any of the other cryptonews media websites. Is this fake news or does Michael Saylor need to promise that he will eat his dick on national television to get this prediction more attention hehehhee.

The point is: in 2023, I have seen a lot of speculation and predictions expressed by many people, not only Michael Saylor, many other users are saying what Saylor said, What's worse is that they speculate more than $5 million on the future price of Bitcoin, some people think it's excessive and some people think there is nothing impossible that anything could happen to Bitcoin.

However, to be honest, for myself, at least I have separate speculation for Bitcoin in the future, the highest is between $100k - $200k, it seems that $5 million will take a long time to achieve, even though we never know the real crypto market and Bitcoin's next direction.

[WatChe]

The point is: in 2023, I have seen a lot of speculation and predictions expressed by many people, not only Michael Saylor, many other users are saying what Saylor said, What's worse is that they speculate more than $5 million on the future price of Bitcoin, some people think it's excessive and some people think there is nothing impossible that anything could happen to Bitcoin.

However, to be honest, for myself, at least I have separate speculation for Bitcoin in the future, the highest is between $100k - $200k, it seems that $5 million will take a long time to achieve, even though we never know the real crypto market and Bitcoin's next direction.

There is no way we can predict future price of Bitcoin. Majority of speculations and predictions about Bitcoin price went wrong. As far as this 5 Million price prediction is concerned, I think its exaggerated figure. Right now everyone eyes are whether Bitcoin can go and surpass 100,000 $ or not. Next year halving is also a much awaited figure and will give a good hint about future price of Bitcoin.

[Stedsm]

I agree with what you said. The 500,000 dollars that McAfee predicted about Bitcoin is too far; it is now 2023, and the value of BTC is currently around 26k. Then now, it seems like Michael Saylor is just repeating what Mcafee did. The only worst thing is that he seems to be more intense than Mcafee, even though Michael Saylor invested a lot in Bitcoin.

This seems to be one of the many reasons for Saylor to trick people just the way McAfee did in the past. It was actually a coincidence for McAfee to die or else he'd have to actually do what he said in order to keep up the value of his words.

It's not that we don't want it to be 5 million dollars per Bitcoin, but of course, if we make a suggestion about the value of Bitcoin, it should be realistic, and there should be a basis for why such a prediction was made about Bitcoin. Because he will come out in the end with what Saylor said, he will be a liar, and he will come out just hyping the community in the crypto business industry.

TBH, I really don't want BTC to go that much in price because then honestly people will kill those who have crypto due to its value. Just think if you have just 1 BTC with you and you're jogging on a road, you've got your hardware wallet in your pocket, the value of BTC is $500k and someone from your nearby knows it. Just think how dangerous it can be. And yeah, you used the correct word for this industry, CRYPTO BUSINESS industry as these giants have bought BTC for cheaper (or costly when it was up), now they want people to go astray via their words/fake promises trying to prove people that their belief will serve.

[Hamphser]

The point is: in 2023, I have seen a lot of speculation and predictions expressed by many people, not only Michael Saylor, many other users are saying what Saylor said, What's worse is that they speculate more than $5 million on the future price of Bitcoin, some people think it's excessive and some people think there is nothing impossible that anything could happen to Bitcoin.

However, to be honest, for myself, at least I have separate speculation for Bitcoin in the future, the highest is between $100k - $200k, it seems that $5 million will take a long time to achieve, even though we never know the real crypto market and Bitcoin's next direction.

There is no way we can predict future price of Bitcoin. Majority of speculations and predictions about Bitcoin price went wrong. As far as this 5 Million price prediction is concerned, I think its exaggerated figure. Right now everyone eyes are whether Bitcoin can go and surpass 100,000 $ or not. Next year halving is also a much awaited figure and will give a good hint about future price of Bitcoin.

Totally exaggerated or something unrealistic and this is why having those kind of numbers would really be making tons of people do laugh on what this person is really that predicting. Its not really that bad on being

optimistic but on the time that you are already saying or mentioning numbers which arent that already that realistic at all then expect that there would really be tons of people who would really be laughing behind
with those price predictions. Come to think or remember into those days where McAfee did really make out some prediction having million per coin which come to think that he's been saying that it could happen anytime soon and did really even make out some claims that he would really be eating his own dick on national television.

if not, I will eat my dick on national television.
https://twitter.com/officialmcafee/status/887024683379544065?lang=en

Wondering if these fellas had the same line of words or something that they would really like to bet on. 

[bitterguy28]

Remember this?
https://cointelegraph.com/news/john-mcafee-doubles-down-predicts-1-mln-btc-bets-his-dk-on-it

I bet that these predictions are truly baseless or else BTC would have at least crossed $100k during the recent pump based on many factors, which it didn't. TBH, I believe that taking rational decisions on trading and buying BTC should be advised to new investors instead of luring them with such insane numbers which we know that it's literally not easy to attain.

yeah I have crossed that also and indeed that if that is correct then we already  have that 100k or more by this time.

-snip-

Either we will have to wait for decades for this price to be reached or an event that shakes the world economy will have to happen in order to accelerate the time frame in which we could see that price, those are the only two scenarios which could lead us to 5 million, however it is impossible to know which will actually happen first, as even if at some point the fiat system will have to collapse I have no idea when this could occur, as the fiat system has been in trouble for a long time and it still exists.

Or maybe we need to wait a century to see the price of bitcoin reach $5 million?
We'll never know if we'll be alive when that $5m is reached, but I think that's a huge amount to happen in the next few decades. Bitcoin won't explode like that in my opinion, but the volatility of its value could make it more expensive over time.

while the crypto world is struggling to reach a hundred thousand value , yet here we are talking about million dollars? and not even that but 5x to be specific.

Don't know how much it can cost but for me? this is a near impossible to expect.

and I will never believe this to happen even in a lifetime.

Moreover, market behavior does not have to be the same all the time. Prices can rise and fall at any time for many reasons, but I wouldn't think $5m is a very realistic expectation for bitcoin in the next 5 decades.

correct , we can look for hundred thousand in our time , but even with our second generation , it will be harder to believe it will take a million a piece for bitcoin.

[Texac]

The point is: in 2023, I have seen a lot of speculation and predictions expressed by many people, not only Michael Saylor, many other users are saying what Saylor said, What's worse is that they speculate more than $5 million on the future price of Bitcoin, some people think it's excessive and some people think there is nothing impossible that anything could happen to Bitcoin.

However, to be honest, for myself, at least I have separate speculation for Bitcoin in the future, the highest is between $100k - $200k, it seems that $5 million will take a long time to achieve, even though we never know the real crypto market and Bitcoin's next direction.

There is no way we can predict future price of Bitcoin. Majority of speculations and predictions about Bitcoin price went wrong. As far as this 5 Million price prediction is concerned, I think its exaggerated figure. Right now everyone eyes are whether Bitcoin can go and surpass 100,000 $ or not. Next year halving is also a much awaited figure and will give a good hint about future price of Bitcoin.

They can make any prediction they want, but if they want to convince others, they must at least show what evidence or documents they rely on to make that statement.  but most are just spontaneous speculations, saying whatever they think without any evidence.  so these numbers are greatly exaggerated. 
You're right, we haven't even crossed $100k yet, so thinking of higher goals is wild.  five million USD per bitcoin is a really attractive number but too illusory and exaggerated beyond necessary.