Will BTC hit 1M ?

[pawel7777]

(...)  whereas fiat not only inflates every year but it will still be strong because the government always regulates it.

The ability of governments to keep inflation under control are somewhat limited and we've seen many cases in the past when the values of currencies were spiraling down uncontrollably. That's why we often see that countries with high inflation have to resort to outright banning their citizens from freely exchanging foreign currencies and putting a halt on crypto trading.

In fact, it is not impossible for Bitcoin to take over the role of fiat currency as a means of payment. (...)

If we're talking about Bitcoin taking over the role of all global currencies or USD (and not just some small local ones) then it is impossible, even considering Lightning Network. Some new blockchain solutions would have to be developed, or a huge chunk of transactions would have to be processed by centralised entities.

[lepbagong]

As said before, you need to understand the economics. When a commodity supply is less and the demand to accumulate the commodity is high, the price goes up for that particular commodity in order to meet the demand. Just a classic example of supply and demand. Similar things happen with Bitcoins also. Hence, the price can definitely go till 1M if the demand to accumulate the coin keeps on increasing day by day.

There is always a possibility that this could happen, and you are right. That is a normal thing, because if there is an increase in demand, then the price will increase significantly, which will adjust to that demand. Likewise with what Bitcoin will experience, if demand continues and supply is always running low, then it is inevitable that the price will automatically increase, so reaching $1M could happen, but not in the near future.

There must be good news that can trigger an increase in the price of bitcoin, as happened last time when the Bitcoin ETF was launched and the Halving occurred, making many people think that the price of bitcoin would soar high and in fact the whales granted their wish. To reach the price of $1M will certainly not be as easy as we imagine, the whales have to burn a lot of money.

It is certain that any good news will trigger the movement of Bitcoin, as you say. As the the last is ETF's influence, and it is not impossible ETF Ethereum if it will happen, will also give back encouragement. I think the Whale did not affect it rose yesterday but indeed the trade was quite high, because of the influence of the ETF. I also think things that are not easy to reach $ 1M in the near future for Bitcoin can achieve it. It takes will take several times to halving Bitcoin again.

[bitterguy28]

This is the question of a lifetime , because it seems to be no specific year when we will be hitting this but once bitcoin step into 100k and above then that is the sign in which we are nearing to deal with 7 digits value .we have been seeing increase for bitcoin every 4 years and its getting higher and higher each time.
if this event will continue then we will be making a million dollar price in the next couple halving.

[kotajikikox]

It will definitely hit 1M, but yes we just don’t know when. It can happen in 1 year or 10 years also. Everything depends on the demand raised by the people to accumulate the coin. Few years back no one thought Bitcoins will cross 1000$, but currently Bitcoins have become the most valuable digital asset. So we just need to keep calm and show faith in the coin. Just accumulate and hold it for few years. Definitely you will see the profits.

Not just about the demand but also depends on the government regulation and I think it will be hard for Bitcoin to reach that level if the government still not accepting it as a legal tender. Well, I’m also positive about the Bitcoin price and I think it can happen in 10 years or more as we are still dealing with so many challenges today, but soon if there’s a limited supply already with Bitcoin, that $1M ceiling price can surely be hit.

Indeed mate that it will be harder fpr bitcoin in increase its value in short time because Government is the main ingredients here for this great currency reaches  7 figures but before that lets look for 6 digits first in which soon to happen at least next year if not happens now.

Bitcoin rose from under $1 to $69k without any approval or legal tender from the government. So on what basis do you think that whether bitcoin reaches 1 million USD or not depends on the government? Governments are indeed the biggest barrier slowing the spread of bitcoin, but they are not the main factor or catalyst that helps bitcoin value increase. Bitcoin once rose to $69k from zero without the government, it will be able to do it again to reach $1 million without government help. If bitcoin receives support from the government, it will help bitcoin reach $1 million faster, but if not, bitcoin reaching $1 million will still happen over time.

because if the government will kick their policy against Bitcoin then for sure that will hinder bitcoin in reaching a million dollars .
yeah you are correct because bitcoin grows without complete support from each government but remember because those government did not run against bitcoin but if they will go together then that will be the reason why bitcoin may not hit that million.

[AnonBitCoiner]

This is the question of a lifetime , because it seems to be no specific year when we will be hitting this but once bitcoin step into 100k and above then that is the sign in which we are nearing to deal with 7 digits value .we have been seeing increase for bitcoin every 4 years and its getting higher and higher each time.
if this event will continue then we will be making a million dollar price in the next couple halving.

We are very far from the value of 1M now because we don't have reached to 100k$ now and it seems that 100k$ will definitely take a lot of time so you can easily think that 1M will definitely take lots of years.

We can just wait for the proper timing but we cannot identify about the proper timing therefore if someone wants to get profit from the worth of 1M then he should hold for numerous years and there are no predictions of how many times it will take to reach to 1M. First of all we are waiting for 100k$ if it becomes possible then the next target will be 1M.

[Zanab247]

As said before, you need to understand the economics. When a commodity supply is less and the demand to accumulate the commodity is high, the price goes up for that particular commodity in order to meet the demand. Just a classic example of supply and demand. Similar things happen with Bitcoins also. Hence, the price can definitely go till 1M if the demand to accumulate the coin keeps on increasing day by day.

If the economic of your country is very good, you can do that by investing for your children to get to 18 or 20 years before they can sell the BTC to make big money that will make them wealthy in the country, but if the economic is not good, it will going to affect you negatively which it will make you to withdraw the money before the price of BTC hit $1m in the future.

No doubt about the $1million in the future because demand and supply are still functioning in the industry, which they  will surely make the bear run and the bull run to always  occur for a particular season for people to use the opportunity to position themselves for future purpose.

When you look at where BTC is coming from and where it is now, you will know that it will going to hit above $1million in the future, and it will be good for people to start saving money in BTC to earn big when the price comes to reality.

[lepbagong]

This is the question of a lifetime , because it seems to be no specific year when we will be hitting this but once bitcoin step into 100k and above then that is the sign in which we are nearing to deal with 7 digits value .we have been seeing increase for bitcoin every 4 years and its getting higher and higher each time.
if this event will continue then we will be making a million dollar price in the next couple halving.

It is not easy to determine the certainty that will be achieved as long as Bitcoin cannot move to increase through the usual stages for this year and next year when it is estimated that ATH will be formed.
Bitcoin's habit after the halving period, which is 4 years, will always increase to form a renewable ATH and 2025 will be the second ATH in the current period and is beyond predictions. To be able to achieve what they want. I think it's the same as you, not now, but there will be 4 or 5 more halvings, then it can be fulfilled.

[rodskee]

We are very far from the value of 1M now because we don't have reached to 100k$ now and it seems that 100k$ will definitely take a lot of time so you can easily think that 1M will definitely take lots of years.

not because we are not breaking 100k meaning we are far from 7 digits because this coin can hit
something high without our expectation time  meaning there is a surprise elements always attached in
bitcoin because we have seen how many time that bitcoin makes its All Time High in not expected moment.

We can just wait for the proper timing but we cannot identify about the proper timing therefore if someone wants to get profit from the worth of 1M then he should hold for numerous years and there are no predictions of how many times it will take to reach to 1M. First of all we are waiting for 100k$ if it becomes possible then the next target will be 1M.

Timing is what we always wanted to take when investing here , bitcoin is a hard to predict
crypto but we also knew that it will have increase in time(its thetime that we cannot get perfectly)

[laijsica]

This is the question of a lifetime , because it seems to be no specific year when we will be hitting this but once bitcoin step into 100k and above then that is the sign in which we are nearing to deal with 7 digits value .we have been seeing increase for bitcoin every 4 years and its getting higher and higher each time.
if this event will continue then we will be making a million dollar price in the next couple halving.

We are very far from the value of 1M now because we don't have reached to 100k$ now and it seems that 100k$ will definitely take a lot of time so you can easily think that 1M will definitely take lots of years.

We can just wait for the proper timing but we cannot identify about the proper timing therefore if someone wants to get profit from the worth of 1M then he should hold for numerous years and there are no predictions of how many times it will take to reach to 1M. First of all we are waiting for 100k$ if it becomes possible then the next target will be 1M.

Bitcoin price targets should be phased in and deposit targets set accordingly. Or if it's a question of timing rather than value then the $1M assumption might be correct. We're still a bit away from $100k though. But we can arrange our investment plan in two ways.
First of all taking care of holdings including increasing the size of our stash by setting a main target of $100k worth of bitcoins. Here the goal of accumulating bitcoins is to focus on value rather than time.
Second, if the $1m target is met, it may be years away, but it can be assumed that it will be touched in the future. But if one is successful initially then it is easier for him to set the next goal.

[Aanuoluwatofunmi]

Will bitcoin reach $1m, no one can say that either yes or know, but we expect that over time, it should get to that rate because it has always been increasing in value, bitcoin is what we know to be the desire of what the people want, and this is because it has the provision to the answers needed for it to make a new all time high as the value increases with time, also, the network remained ever secured, all this together with halving could give more reasons what we should expect for bitcoin to reach up to that.

[sotelorene]

Most of people want microwave results and most of them are not patient
It is Clear that bitcoin will be the only Currency for payments
Like there will be no Cash or VISA

You can clearly see here on Bitcoin Rainbow Chart https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/
That soon will hit 100k EZ and to 1M on Future

Be a Smart and Wise person Invest an amount for your Children Future on a Cold Wallet and never move those coins till your kids finish High school
So like 15-20 Years from now !

Many people limit their profit by not taking the right actions but trust me every penny worth
Even if u have low budget to invest for your kids do it , and save it for more than 15-20 years
e.g if u put today 100$  on BTC to save for ur Kids future , when they are 20 years that 100$ will go up and down in hours as bitcoin will hit High price

Dont be blind open your eyes

Bitcoin is a very nice investment but it is not compulsory that someone must or should invest in Bitcoin for there children future there are other investment outside Bitcoin or outside crypto that are also very nice and most of them is even better to invest in than Bitcoin cause in Bitcoin
 investment you will have to be extremely patient in order to make a good profit. Investing for 10-15 years is not bad but the issue is can you wait till then without going to touch your investment unless maybe you have other things that will keep you going making you not to go touch your investment. You must be dreaming big for saying that from the Bitcoin rainbow chart it will hit $1m in future, hitting $1m is possible in the future but that shouldn't be our concern now rather we should be accumulating it so that when it will hit that amount will we be among those that will give testimony.

[rhodelmabanal]

Most of people want microwave results and most of them are not patient
It is Clear that bitcoin will be the only Currency for payments
Like there will be no Cash or VISA

You can clearly see here on Bitcoin Rainbow Chart https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/
That soon will hit 100k EZ and to 1M on Future

Be a Smart and Wise person Invest an amount for your Children Future on a Cold Wallet and never move those coins till your kids finish High school
So like 15-20 Years from now !

Many people limit their profit by not taking the right actions but trust me every penny worth
Even if u have low budget to invest for your kids do it , and save it for more than 15-20 years
e.g if u put today 100$  on BTC to save for ur Kids future , when they are 20 years that 100$ will go up and down in hours as bitcoin will hit High price

Dont be blind open your eyes

There is a lot of changes 15 to 20 years is very long time we don't know what will going to happen that time it is so hard to predict bitcoin may go up if it will continue rising  based on thier past price rising from year 2009 till present, if it will continue it will reach more ATH in next 20 years from now but 1m$ is i think so high, no one knows about it.

[dunfida]

Most of people want microwave results and most of them are not patient
It is Clear that bitcoin will be the only Currency for payments
Like there will be no Cash or VISA

You can clearly see here on Bitcoin Rainbow Chart https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/
That soon will hit 100k EZ and to 1M on Future

Be a Smart and Wise person Invest an amount for your Children Future on a Cold Wallet and never move those coins till your kids finish High school
So like 15-20 Years from now !

Many people limit their profit by not taking the right actions but trust me every penny worth
Even if u have low budget to invest for your kids do it , and save it for more than 15-20 years
e.g if u put today 100$  on BTC to save for ur Kids future , when they are 20 years that 100$ will go up and down in hours as bitcoin will hit High price

Dont be blind open your eyes

There is a lot of changes 15 to 20 years is very long time we don't know what will going to happen that time it is so hard to predict bitcoin may go up if it will continue rising  based on thier past price rising from year 2009 till present, if it will continue it will reach more ATH in next 20 years from now but 1m$ is i think so high, no one knows about it.

Even on trying out to predict on what would be the price in tomorrows or in the next hour or month which its already that hard for you to predict on such thing on which trying out to predict on what would happen in next 15-20 years would really be even more or something that will really be that impossible. Somewhat due to that kind of positive towards Bitcoin then it cant really be avoided that people would really be making out those kind of predictions on which they do even reached out with those high numbers which are actually that absurd or something which is really that something delusional but since we do know on how this market works or behaves
then we could really be able to tell that this is something that could possibly happen.Bitcoin never fails to impress or giving out that kind of shock specially if it would really be reaching out new all time highs.

Predicting out about $1M per coin then trying out to make calculations on how much the marketcap would be then this is something that will really be needing up that global adoption scale on which
recognition and integration is really that needed at this point to reach up this kind of condition which is of course it would really be that so hard to believe on achieving in a short time
or wont really be that happening at all.

[Popkon6]

Most of people want microwave results and most of them are not patient
It is Clear that bitcoin will be the only Currency for payments
Like there will be no Cash or VISA

You can clearly see here on Bitcoin Rainbow Chart https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/
That soon will hit 100k EZ and to 1M on Future

Be a Smart and Wise person Invest an amount for your Children Future on a Cold Wallet and never move those coins till your kids finish High school
So like 15-20 Years from now !

Many people limit their profit by not taking the right actions but trust me every penny worth
Even if u have low budget to invest for your kids do it , and save it for more than 15-20 years
e.g if u put today 100$  on BTC to save for ur Kids future , when they are 20 years that 100$ will go up and down in hours as bitcoin will hit High price

Dont be blind open your eyes

There is a lot of changes 15 to 20 years is very long time we don't know what will going to happen that time it is so hard to predict bitcoin may go up if it will continue rising  based on thier past price rising from year 2009 till present, if it will continue it will reach more ATH in next 20 years from now but 1m$ is i think so high, no one knows about it.

The price of Bitcoin is uncertain, as no one has been able to tell exactly when it will rise and fall in price until today. Looking at the past price, of course it can do a million stars in the future, not basically a million dollar issue but it will have to wait until two halvings for now.

Because of the halving in 2024 and its price increase next year in 2025, it will most likely go from $100k to $150k. But it will gradually grow and spread this Bitcoin among the mass investors all over the world.

[mich]

Well I do think we can see price of 1 million for each Bitcoin. But this is not going to happen so fast. We need to take the small steps for us to get there.

I do think we are in a 'bullish market' right now. Bernstein which is a $725 Billion asset manager thinks price of Bitcoin will be $90k in 2024 and in 2025 150k. And it does think ETF market will be $450 Billion.

https://www.crypto-news-flash.com/bernstein-bitcoin-and-ether-etfs-to-grow-to-450-billion-with-bitcoin-price-at-150000/

[Strongkored]

This is the question of a lifetime , because it seems to be no specific year when we will be hitting this but once bitcoin step into 100k and above then that is the sign in which we are nearing to deal with 7 digits value .we have been seeing increase for bitcoin every 4 years and its getting higher and higher each time.
if this event will continue then we will be making a million dollar price in the next couple halving.

Yes no one knows for sure when that will happen in fact it was predicted to be reached at the halving four years ago but the price couldn't even get past $70k, and $1million is a very high number, I don't think it will even be reached this year or next year , in my opinion the highest price after the halving is 3-4x of $65K, so patience is needed for those who want to sell Bitcoin which they have saved at 1 million dollars, but if we buy when the price is still thousands of dollars then it shouldn't be a problem to wait for the price to be higher or even if you sell it, there should no longer be any regrets because the profit is already large, and your patience in saving it for a long time has paid off.

[Fara Chan]

There is a lot of changes 15 to 20 years is very long time we don't know what will going to happen that time it is so hard to predict bitcoin may go up if it will continue rising  based on thier past price rising from year 2009 till present, if it will continue it will reach more ATH in next 20 years from now but 1m$ is i think so high, no one knows about it.

$1 million is a pretty high price for anyone to hope for and it's certainly not likely to happen any time soon, as most people are expecting $80K to $100K in Bitcoin with a timeline until the end of next year. And this range is also the next ATH level which is more logical for everyone to expect if the level of demand and supply in the market can continue to increase this year for Bitcoin. Because I am also quite sure that price changes in Bitcoin will continue to occur significantly, although we also have to pay attention to corrections because that is also part of price changes in Bitcoin.

[Dave1]

There is a lot of changes 15 to 20 years is very long time we don't know what will going to happen that time it is so hard to predict bitcoin may go up if it will continue rising  based on thier past price rising from year 2009 till present, if it will continue it will reach more ATH in next 20 years from now but 1m$ is i think so high, no one knows about it.

$1 million is a pretty high price for anyone to hope for and it's certainly not likely to happen any time soon, as most people are expecting $80K to $100K in Bitcoin with a timeline until the end of next year. And this range is also the next ATH level which is more logical for everyone to expect if the level of demand and supply in the market can continue to increase this year for Bitcoin. Because I am also quite sure that price changes in Bitcoin will continue to occur significantly, although we also have to pay attention to corrections because that is also part of price changes in Bitcoin.

But in the realm of possibility, I say yes, it could be achievable. And it might take at least 3-4 halvings, so perhaps in the next decade or so. But for now, we can all speculate that $100k is the next target for us.

And maybe next it will double our all time high for his bull cycle. So in any case, one thing about this market is that it is unpredictable and we can only know once we got ever there. But it's free to do our own analysis of the market.

[EarnOnVictor]

As said before, you need to understand the economics. When a commodity supply is less and the demand to accumulate the commodity is high, the price goes up for that particular commodity in order to meet the demand. Just a classic example of supply and demand. Similar things happen with Bitcoins also. Hence, the price can definitely go till 1M if the demand to accumulate the coin keeps on increasing day by day.

There is always a possibility that this could happen, and you are right. That is a normal thing, because if there is an increase in demand, then the price will increase significantly, which will adjust to that demand. Likewise with what Bitcoin will experience, if demand continues and supply is always running low, then it is inevitable that the price will automatically increase, so reaching $1M could happen, but not in the near future.

There must be good news that can trigger an increase in the price of bitcoin, as happened last time when the Bitcoin ETF was launched and the Halving occurred, making many people think that the price of bitcoin would soar high and in fact the whales granted their wish. To reach the price of $1M will certainly not be as easy as we imagine, the whales have to burn a lot of money.

It is certain that any good news will trigger the movement of Bitcoin, as you say. As the the last is ETF's influence, and it is not impossible ETF Ethereum if it will happen, will also give back encouragement. I think the Whale did not affect it rose yesterday but indeed the trade was quite high, because of the influence of the ETF. I also think things that are not easy to reach $ 1M in the near future for Bitcoin can achieve it. It takes will take several times to halving Bitcoin again.

Well, whether good news or events will trigger Bitcoin or not, the $1m worth is too inflationary, I do not think this will ever happen. It will even further show the unseriousness of Bitcoin and cause more laughter on the cryptocurrency. Many of you might be looking at the value alone and what it can do for you but this value may not be a reasonable worth in the end. This may even be a reason why the government will now focus their beam on it again and find the means to compress it just like Gold in order to curb some excesses.

Have you ever wondered why Bitcoin is close to $70,000 with a market cap of almost $1.4T, while Gold is at around $2345 with a market capitalization of almost $16T, which is more than 10 times greater than the market capitalization of Bitcoin? The reason is what I mentioned, it is a compressed commodity asset and it happened because the government planned it well from the beginning so that it would not cause inflation and too-high economic disparity.

But who planned Bitcoin to be cautious this way? No one. People are just interested in the money to be made from it. Regardless, I do not think it can bless people to the point that 1BTC will now be worth $1m, at least, not in the next 10 decades.

[retreat]

To reach 1M it will probably take longer, maybe 15-20 years (or it could be faster than that). But I personally don't focus too much on that, because Bitcoin has been around for 15 years now, so waiting until a few more years might just be a blink of an eye. The point is how holders should not only focus on the price of Bitcoin, but how they can maintain the security of their asset and consistently invest in it - and not stupidly sell the Bitcoin they hold at a loss, just because they are not sure that its value will increase. So patience plays an important role in this matter.