I'm curious about your thoughts on when Bitcoin might hit $1,000,000

[redsun114]

It is true that bitcoin is becoming a new trend and receiving a lot of attention from people around the world, but let's not ignore the scenario that in the coming years there will be a better currency than bitcoin created and it will surpass bitcoin. So what we should do is enjoy the present moments, don't think too much about things that haven't happened in the distant future. My immediate goal is to still take profits in the upcoming bull season and I will base my next plans on the market situation.

That's a possibility because we can't know what might happen in the future, however, even if there is no other asset or technology created that surpasses Bitcoin and its popularity, it would still not be easy for it to reach $1m because for that to happen, Bitcoin would need a lot of adoption and a huge inflow of investments because the price only increases when there is high demand and that demand would only make it go that high if there are more and more money being invested in it.

The current market cap of Bitcoin is a little above $1.3T when the price is around $69k, so for it to reach a price of $1m, it will need to have a market cap of more than $18T or something and that is huge. So, we might not be able to see that happening very soon even though it might not be impossible.

[justdimin]

It’s not gonna be in the next 5 years, I am quite sure.

There is always that possibility of bitcoin going beyond and while $1M sounds huge,
I am optimistic that bitcoin will reach that but I don’t think it’s gonna be that fast.
I’m confident with saying at least 15 years more until we’ll get to see some signs
pointing to that direction.

There are many things that could happen that could drastically change bitcoin like adaptation from the government is one.

Yeah, I am guessing another 3 cycles at least. So, this year we will have a halving, then it will go up, in 4 years we will have another, which is 2028, and in 4 years after that we will have another which will be 2032. So considering it is a year later that we peak, 2033 could be the year we could see a million dollars.

This is of course just an estimate and I do not have any real data, nobody has any real data, we are just making sure that we know what we are doing and not really putting up any trouble at all. We need to consider that things are not that simple, or we will have a lot more trouble if we keep thinking that we are going to do better. I personally believe that we can all just make assumptions, that's it, and this is mine.

[Don Pedro Dinero]

https://whalealertz.com/bitcoin-forum/Hey+everyone%2C+I%27m+curious+about+your+thoughts+on+when+Bitcoin+might+hit+%241%2C000%2C000.+Any+predictions+or+insights%3F .. i found this topic on whalealertz.com.. whats your opinion?

The link is broken, it says 'page not found'.

But going to what you're asking, I believe, and it's most likely, that that will happen in the 2030s. Any sooner is almost impossible, it would have to go up too much in too short a time and it takes a lot of money to move such a high market cap.

Later, i.e. in 2040 or later, I would see it too slow, and disappointing, especially if we take inflation into account.

From current levels, if we assume a minimum of 2.5x and a maximum of 4x per cycle, it is normal for the price to reach 1 million in about 8 to 10 years.

[Moreno233]

rational expectation

The inflow caused by ETF is expected to go much higher than the safe/rational expectation ... with a good chance for quite a bad crypto winter at the end of the cycle (but that's not in the current scope).
This being said, I expect to get to 1M one cycle earlier than what franky1 posted.
Still, we cannot know what the future holds. Imho we have to still stack sats and enjoy the ride.

The inflow following the ETF approval will surely continue to come but not as but not as massive as before. I am thinking that the ETF effect have already been felt. The recent market unwillingness to go beyond the $70,000 might just mean that is how far the ETF could take it. If that be the case, any other big rise in price is expected to be caused by the coming halving and not the ETF again. The time Bitcoin will reach $1m is very difficult to predict but eventually it will get there, maybe after several halving events and more important developments like the ETF.

[Adbitco]

I will reply to this post with the title because I don't like clicking any link that is associated with untrusted site, therefore I will skip clicking it for the safety of my system. Then moved down to the price of $1m, to me there is nothing new in cryptocurrency and there is every possibility for us to achieved such price level, but most times people just speculate about the price of bitcoin without them knowing whether it must get to that price or not, like anyone can choose whatever amount they feels like to talks about it.

I can say the price of bitcoin can hit $5m dollars in 4 year time to come but that doesn't mean I have all necessary information or have the power to boost the bitcoin price to that level of $5m, is just that people would keep speculating and carrying the news all over the media that by such year bitcoin could hit a certain price like this, therefore people will start putting their resources to secure some portion of it since they already hard the news, with this demand increase and the prices starts increasing uncontrollably. At some point we might also experience down time whereby bad news and some unforeseen circumstances could starts troubling the market. 

[NeuroticFish]

The inflow following the ETF approval will surely continue to come but not as but not as massive as before. I am thinking that the ETF effect have already been felt.

While I agree that ETF was already felt, imho that market is by far not yet saturated.
Some may even give the example of gold (i.e. a lot of years), but nowadays the things move much faster. Still not just months.

[fuguebtc]

It is true that bitcoin is becoming a new trend and receiving a lot of attention from people around the world, but let's not ignore the scenario that in the coming years there will be a better currency than bitcoin created and it will surpass bitcoin. So what we should do is enjoy the present moments, don't think too much about things that haven't happened in the distant future. My immediate goal is to still take profits in the upcoming bull season and I will base my next plans on the market situation.

That's a possibility because we can't know what might happen in the future, however, even if there is no other asset or technology created that surpasses Bitcoin and its popularity, it would still not be easy for it to reach $1m because for that to happen, Bitcoin would need a lot of adoption and a huge inflow of investments because the price only increases when there is high demand and that demand would only make it go that high if there are more and more money being invested in it.

The current market cap of Bitcoin is a little above $1.3T when the price is around $69k, so for it to reach a price of $1m, it will need to have a market cap of more than $18T or something and that is huge. So, we might not be able to see that happening very soon even though it might not be impossible.

Many people only look at bitcoin supply and price to make paranoid predictions, and they never think about bitcoin's capitalization. It took gold more than a hundred years to reach a capitalization of 15 trillion, and the stock market is the world's largest financial market with a total capitalization of more than 90 trillion. It is an illusion that many people think that an asset that is not widely popular or has not yet been accepted worldwide can reach a capitalization of 18 trillion USD. You're right, it's not going to happen anytime soon and at least in our generation, it's not likely to happen.

[Nothingtodo]

So far Bitcoin hasn't crossed $100k so no one can give a clear idea if a million dollars will be in ten years time. But before 2030 maybe Bitcoin can exceed 500k dollars. However, many big experts predict that Bitcoin may reach one million dollars before 2030.

[AakZaki]

The bitcoin market is quite speculative and has many predictions on the price of bitcoin.
Everyone can make their own predictions and state that bitcoin can reach ATH $1,000,000 and even more than that. This is just speculation and even though all circumstances can change, it can be achieved sooner or later than predicted. but expecting prices that are too high will make someone forget about their profits and only focus on achieving high prices so that there will be no targets in the near future.

[darkangel11]

A lot will depend on this bull market. If we go to $300k this time by the end of 2025, we might have a chance at 1m after the next halving in 2028, but if we don't then maybe it's going to take another 8 years.
That's still bullish. We're talking about bitcoin going up by more than 900k in the next 10 years. It feels like a long time but I don't know anything that my parents bought that went up in price by 1000% in the last 20 years, apart from bitcoin of course, so achieving that with any investment is almost impossible.
I'm sure that we'll reach $1m at some point due to inflation because fiat money will lose so much value that everything will go up but it might take decades.

[Mate2237]

so 2025 = $140k(2x)-$210k(3x) rational expectation
so 2029 = $280k(2x)-$630k(3x) rational expectation
so 2033 = $560k(2x)-$1.89m(3x) rational expectation
so 2037 = $1.2m(2x)-$5.67m(3x) rational expectation

I saw such information at somewhere so I was looking for it when I came across this your comment. And this explanation is good to know about the future prediction of bitcoin. I think this can also help the op question. And add it to what you have in the subsequent years again. Bitcoin will hit.
2041 = $2.6m  and
2046 = $3.1m and the trend continues like that until generations pass out and new generations will come and continue the investment.

[moneystery]

i don't have high expectations that bitcoin will reach 1 million usd, maybe it will happen, but it will probably happen a long time from now. but if it really reaches 1 million usd, it will be new history for bitcoin because so far many people underestimate bitcoin and think that it will fall.

[BrewMaster]

we have seen so many FOMOs in bitcoin scene and most of them have been so big. based on that we can say with confidence that a big rise in a short time to reach $1000000 is definitely in the realm of possibilities.

the only thing remaining to predict is when the FOMO will begin.
based on my experience, such big FOMOs begin when a major resistance is broken. a kind of resistance that has created psychological barrier too. something like $100k has that potential.

[YOSHIE]

I'm curious about your thoughts on when Bitcoin might hit $1,000,000

If I'm not mistaken, Bitcoin experiences changes every four years, which is often called halving, we have seen several of these phenomena occur and are felt by everyone in this world, especially those who know about Bitcoin.

And we have seen several halvings that have occurred. Bitcoin has not yet reached the $100k level, it may take several more halvings to reach $100k, but there is nothing wrong with many experts, investors, Bitcoin users and so on give their respective opinions in terms of Bitcoin speculation and predictions, meaning that Bitcoin is expected to reach a price that many people never expected or imagined.

To reach a price of $1000,000/ is not impossible and not impossible for Bitcoin, but if I speculate it will take a long time to reach that price, maybe we will miss 10 more halvings to reach it or maybe more, I'm sure Bitcoin will reach a price of $1000,000/maybe those of us here can't see it anymore, either we're all old or dead or maybe the ones who feel that price are our children or grandchildren, if they know about Bitcoin.

[ajiz138]

i don't have high expectations that bitcoin will reach 1 million usd, maybe it will happen, but it will probably happen a long time from now. but if it really reaches 1 million usd, it will be new history for bitcoin because so far many people underestimate bitcoin and think that it will fall.

I foresee when I become a grandfather. LOL

Until now the price of bitcoin is still difficult to 3 digits although optimistic $100K will definitely be soon but this will take more time and it is possible that the price will be the highest let alone $1,000,000 it is too early to talk about it.

How can a bitcoin influencer say it's $1,000,000 he's talking out of his ass just to create fomo, but I don't dismiss that prediction because maybe the future will surpass it.

[Reid]

Wait. The $100k guy predictor has not yet achieved his goal. Let's wait for that to happen before we go to $1 million. Because that's a lot of money. 10 times the what said to be a crazy predictor because it won't happen, they say.
What you are trying to achieve here is still so far. ETF came and we have not seen a boost that would blow our minds. We still have to wait as the SEC will also try to prevent that from happening.

[Out of mind]

https://whalealertz.com/bitcoin-forum/Hey+everyone%2C+I%27m+curious+about+your+thoughts+on+when+Bitcoin+might+hit+%241%2C000%2C000.+Any+predictions+or+insights%3F .. i found this topic on whalealertz.com.. whats your opinion?

Bitcoin needs a lot of time to reach $10,00000. Until now the price of Bitcoin has not reached $100k. If Bitcoin doesn't reach $100k by now, it will take many years to reach $10,00000. As we have been going through Bitcoin ETF disruptions for the past few years, we must wait more if there are any further disruptions. But I think bitcoin price won't reach 1 million dollars before 2030 to 2035. Everyone here expressed their personal opinion, so I also expressed my personal opinion, hope I can see the price of bitcoin according to my target.

[AirtelBuzz]

https://whalealertz.com/bitcoin-forum/Hey+everyone%2C+I%27m+curious+about+your+thoughts+on+when+Bitcoin+might+hit+%241%2C000%2C000.+Any+predictions+or+insights%3F .. i found this topic on whalealertz.com.. whats your opinion?

Bitcoin needs a lot of time to reach $10,00000. Until now the price of Bitcoin has not reached $100k. If Bitcoin doesn't reach $100k by now, it will take many years to reach $10,00000. As we have been going through Bitcoin ETF disruptions for the past few years, we must wait more if there are any further disruptions. But I think bitcoin price won't reach 1 million dollars before 2030 to 2035. Everyone here expressed their personal opinion, so I also expressed my personal opinion, hope I can see the price of bitcoin according to my target.

I think the price of bitcoin does not rise according to anyone's target, we can only imagine or predict that the price of bitcoin can be so many dollars. In fact, everyone likes to make predictions about the coins of the crypto currency market, but the predictions of many of them are coincidental. We have seen this year after the approval of Bitcoin ETFs helped the price of Bitcoin to touch all-time highs. We currently saw a large market correction after the Bitcoin price surge that may have been so dumping for the temporary war in the Middle East. Moreover, we will face the four-year cycle of Bitcoin within this week, and Bitcoin price may fall due to that.

The price of Bitcoin $1000,000 dollars is not an easy matter. So far, the price of Bitcoin has not reached 1000,000 dollars. Many hope that maybe after bitcoin-halving it is possible but not sure. You have predicted that Bitcoin may be worth $100,000 in 2035 but I think it may take longer than that for Bitcoin to reach $1,000,000.

[Onyeeze]

For me I will say that all this this things is a speculation because I don't think that your point of view can be achievable this year many people have been making different speculation based on the price of Bitcoin so which we don't really know what the price of Bitcoin will hits on before ending of this year, so in my opinion I don't think that it is proper for someone to I can knowledge speculation of people you might be follow the research and observation of people and you enter the wrong way in cryptocurrency investment especially Bitcoin so what I'm trying to say that we should do make our own research to know the next price of Bitcoin before we can conclude

[livingfree]

The price of Bitcoin $1000,000 dollars is not an easy matter. So far, the price of Bitcoin has not reached 1000,000 dollars. Many hope that maybe after bitcoin-halving it is possible but not sure. You have predicted that Bitcoin may be worth $100,000 in 2035 but I think it may take longer than that for Bitcoin to reach $1,000,000.

We've tested and thought it back on 2021 but it's not enough and $69k was the peak. This time, we're so close on it that we need more than 25% for it to hit that $100k goal.

Reasonably, the price of $100k-$120k is doable for this cycle. But a huge parabolic move might even get close to $200k and $1M for this cycle is not yet the time for it.

2 halvings, might not be enough again though. Those that are saying that it can happen on 2030 and above, that might be a safe bet but we don't know what will happen for the next years to come. All of the possibilities are there, can happen early or later, no one can answer that exactly.