Could Bitcoin Hit $1 Million by 2026? Arthur Hayes Makes Exciting Forecast

[eightdots]

Another 10 years or a decade would really be that short if we do speak about $1M per coin price, imagine on how far we do only be able to reach out on decade+ as of this moment.

Another decade almost doubles the lifespan of Bitcoin. I agree to reach $100k is huge from zero but again that is for something new and with modern spread of information with internet it's easy to achieve multiply times growth.

But see from 2017 to 2021, only 3x ATH price, for 70k ATH to 1 million is 14x. I find it very hard to believe this is rational, not simply from price growth but as I pointed out much earlier, market cap.

As much as we want to use patterns, market cap is a reality we can't really ignore.

There were many things that we thought would not be possible in the market and they did happen, but we still need to move forward with realistic steps. Maybe we will reach that price after 10 years, but 10 years is a long time and there is a lot to overcome.

We expect Bitcoin to achieve many things and reach everyone's target price. Some things don't happen quickly and take time. Successes that occur gradually over time become more permanent. I want it to be this way.

[slaman29]

A $20T market cap is a lot to say the least. BTC is far from reaching that position anytime soon. But it will get there, as mainstream adoption continues to grow at a non-stop rate. With institutional investors getting in the game, it should only be a matter of time before Bitcoin goes all the way to $1m. Subsequent halving events should get us there faster than we've previously imagined.

Like I keep saying, and as pointed out by the first guy I responded, yeah!! It's a lot, and that's exactly to say the least.

It's not just about the big amount, but the amount in comparison to gold (which it must beat), total global assets market cap.

Gold is 5% of entire world asset, totally believable, but can anyone believe Bitcoin will beat >5% of world asset in 10 years? I bet even in this forum in 10 years most people don't have 5% assets in BTC. Judging from all the spamming and begging lol.

[carlfebz2]

Another 10 years or a decade would really be that short if we do speak about $1M per coin price, imagine on how far we do only be able to reach out on decade+ as of this moment.

Another decade almost doubles the lifespan of Bitcoin. I agree to reach $100k is huge from zero but again that is for something new and with modern spread of information with internet it's easy to achieve multiply times growth.

But see from 2017 to 2021, only 3x ATH price, for 70k ATH to 1 million is 14x. I find it very hard to believe this is rational, not simply from price growth but as I pointed out much earlier, market cap.

As much as we want to use patterns, market cap is a reality we can't really ignore.

There were many things that we thought would not be possible in the market and they did happen, but we still need to move forward with realistic steps. Maybe we will reach that price after 10 years, but 10 years is a long time and there is a lot to overcome.

We expect Bitcoin to achieve many things and reach everyone's target price. Some things don't happen quickly and take time. Successes that occur gradually over time become more permanent. I want it to be this way.

We didnt even expect that Bitcoins price do able to break that 19k before, we've been able to hit up 30+ which we did assume that it was the peak but its not. We've been able to reach 69k as its ATH
on previous bull run that no one really hat anticipated or really that expect for those prices to hit up that high but now that we are talking about a million per piece then this is something that we can say it is really that too far off or something that cant really be that realistic or something that cant really be achieved in a short period of time. Somewhat there's no way that we could really be able to conclude out
and this is why there are really those people who are really that hoping for this thing to happen.

2026? It is really just that too short considering that the price is already that too high or its value. Even if we do say that a decade more wont really be something that realistic that we could be able to hit up that high. If we do really tend to look up with those cycles and its movements on every year basis then we could really be able to tell that it is really that something that too easy to achieve.
Everything would really be that vary on the demand and recognition and adoption on which the price could really be able to shoot up with those ranges but there would really be
always a perfect time for that.

[kingvirtus09]

Hayes believes bitcoin will be worth at least $750,000. Public people keep playing the game of who will have the higher prediction. Games like this have been around for quite some time. I remember back in 2017, they were predicting an imminent price of $500,000 and even $1 million. These claims are just a PR attempt, it's just another news buzz that shouldn't be taken seriously.

But the masses and his followers take it nonetheless, and what he's planning is definitely going to happen because he's still able to generate the hype. But to be fair to him though, he's the kind of person that helps people not lose hope when the prices of bitcoin isn't doing fine and some people just want something even a lie to hold onto.

Are the people who give predictions are a liar?  here you fail to understand it.  let's go back to Bitcoin 10 years ago when the price was still under $5k, at that time many people were skeptical about Bitcoin being able to pass $5k, after bitcoin managed to pass $5k, they were also skeptical about the price of bitcoin passing $10k and so so on, now there are many who predict the price of bitcoin will exceed $100k but many people are skeptical about that, remember, that the price of bitcoin is influenced by market sentiment, it is very likely that in the next few years, people will increasingly scramble to invest in bitcoin and that's what will push the price of Bitcoin even higher.

Maybe that will happen, but not at this time that we are facing or in the coming bull run next year. I don't understand why others say things as if they want to speed up what they want to achieve with Bitcoin, as if it's that easy to happen.

For me, 1 million dollars per bitcoin is just a dream right now, but it won't happen for now, like what others think will happen in the coming bull season.

[Woodie]

I like how all these guys throw their wild predictions at any given opportunity, and one this about shooting in the dark is that the more they shot the more likely that you will hit something, so with these continued predictions someone will have the correct prediction and claim they saw it coming... smart right lol   

Anyways these predictions are good in the short term as they could cause some panic buying and end result is soaring prices, don't underestimate power of an influencer  who has an interest:)

[South Park]

We were close to $100K but we never reached that price, if I remember correctly the 2017 bull season also had some expectations of that price and in the 2021 bull season, those expectations were repeated again. But after 2 bull cycles, we still haven't been able to reach $100k, so I think we need to conquer $100k before thinking about further goals. People are setting unrealistic expectations and making predictions that we don't even know will happen or not. I think we should live realistically rather than set too high expectations and then live in illusion with it.

I also think like this, but for what I can see I would guess many people think it is basically a given that bitcoin will reach and surpass the 100k level during the next bullish cycle, however even if that was true I still prefer to concentrate on the goals that can actually be achieved instead of dreaming with my eyes open, as those that make those wild predictions are the kind that later will regret about not taking the right decision at the time as they simply believed the upside bitcoin had was massive, only to be disappointed at the end.

[mirakal]

We were close to $100K but we never reached that price, if I remember correctly the 2017 bull season also had some expectations of that price and in the 2021 bull season, those expectations were repeated again. But after 2 bull cycles, we still haven't been able to reach $100k, so I think we need to conquer $100k before thinking about further goals. People are setting unrealistic expectations and making predictions that we don't even know will happen or not. I think we should live realistically rather than set too high expectations and then live in illusion with it.

I also think like this, but for what I can see I would guess many people think it is basically a given that bitcoin will reach and surpass the 100k level during the next bullish cycle, however even if that was true I still prefer to concentrate on the goals that can actually be achieved instead of dreaming with my eyes open, as those that make those wild predictions are the kind that later will regret about not taking the right decision at the time as they simply believed the upside bitcoin had was massive, only to be disappointed at the end.

However, the fact that bitcoin price has reached a very good position in the market currently, I guess that motivates other crypto analysts to level up their predictions that most of us have even think it a lot of times if its still possible to achieve or not. Well, I have no issues with this kind of predictions because they are not forcing us to believe on them as well. They are just sharing their own expectations with bitcoin price, and we have to stick to our own as well.

But if you ask me regarding this price prediction, for now I prefer not to believe on it. But I am open to a change of views and concepts later on when bitcoin price has finally surpassed the $100k price resistance that we have been predicting to achieved with those previous years.

[adultcrypto]

I like how all these guys throw their wild predictions at any given opportunity, and one this about shooting in the dark is that the more they shot the more likely that you will hit something, so with these continued predictions someone will have the correct prediction and claim they saw it coming... smart right lol   

I can understand you perfectly well. It is more or less looking like youthful exuberance. Most of those predicting just want to feel rich when they calculate the quantity of Bitcoin they have and the exorbitant price they are quoting.  Anyways, this is good for the blood pressure and the health in general.

Going by the Bitcoin four years cycle, 2026 should be a bear market as the market is expected to peak in 2025. So I wonder where the price of $1 million in 2026 is coming from.

Anyways these predictions are good in the short term as they could cause some panic buying and end result is soaring prices, don't underestimate power of an influencer  who has an interest:)

I doubt if the predictions will make any impact. This is not the first time people are making predictions that rarely happen. Even influential people make predictions yet people don't take them too serious.