Bitcoin hitting $1 million is possible.

[Asiska02]

Is there anything more impossible for bitcoin not to achieve anymore? I don’t see that anymore after the good records that bitcoin keeps breaking year after year. $1 million dollar may look very big and we may not see it happening anytime soon and probably not even in the next five to ten bull run cycles that will be coming up. The bold step from the US government will serve as a fuel to fasten it also but then when we think about the US dollars, I don’t think they will allow it to just go into big depreciation. Bitcoin reaching that price will give a big threat to the US dollar which I don’t think the American government will be ready to compromise. We just have to wait a very long time to see how things unfolds for the future of bitcoin and how they relate with one another for the success of bitcoin in the future.

[348Judah]

We don't need to rush about seeing bitcoin come to the highest of all time to about a million dollar per bitcoin worth, also, there is a possibility of the market continue to increases the more we are going ahead of time and before you could know it, we are there already, getting to this range is possible, just that it will take time to get there, bitcoin has been showing an increasing pattern over time, even right form the start.

[bittraffic]

Bitcoin hitting $1 million is possible but likely never going to happen not because it doesn't have the potential but the powers that be will prevent that from happen. And yes the powers that be include the those who want the US Dollar to continue to dominate or be the strongest currency, those who want BRICS to topple the dollar, the IMF, World Bank, and all those financial institutions that control the world. There will be chaos because it will mean less depence on them for almost anything. People would be in charge, in control of their lives, their finances. These "guys" don't want that. Power means control. And once they lose control of the people, they become powerless. This is why I think that despite it fundamental and potentials, it will be easier for a camel to pass through the eye of a needle than for bitcoin to hit $1 million.

Well they are already not in control. Its the real why the WW3 is already in their mind, they want the world to burn than allowing the South to rule.

Although it may not really happen in this cycle, $1M would still be a good price to expect. This is more than likely just for those new comers to start feeling the FOMO and then buy while the price wouldn't rally go that high. Its just like how they hype $100k before but seem like will only happen in the next bull season, this season.

[philipma1957]

Bitcoin hitting $1 million is possible but likely never going to happen not because it doesn't have the potential but the powers that be will prevent that from happen. And yes the powers that be include the those who want the US Dollar to continue to dominate or be the strongest currency, those who want BRICS to topple the dollar, the IMF, World Bank, and all those financial institutions that control the world. There will be chaos because it will mean less depence on them for almost anything. People would be in charge, in control of their lives, their finances. These "guys" don't want that. Power means control. And once they lose control of the people, they become powerless. This is why I think that despite it fundamental and potentials, it will be easier for a camel to pass through the eye of a needle than for bitcoin to hit $1 million.

20 mill coins at 100k is 2 trillion
20 mill coins at 1 mil is 20 trillion

I could see it happening.

A lot of plays are in progress.

The USA debt is huge massive gia- mother fucking- gantic.

So what tricks are up the sleeves of the Dollar people.

This is what we must ask ourselves.

Shift to BTC and further downgrade of the dollar makes that huge debt easier to pay off.

Since the world trade center was destroyed in 2001 every year 2002 to 2024 the USA added to debt not one year in the positive.

A change is coming. It is not brics (too many players to agree this brics will fail)

Next four years will be pretty wild.

[EL MOHA]

Bitcoin hitting $1 million is possible but likely never going to happen not because it doesn't have the potential but the powers that be will prevent that from happen. And yes the powers that be include the those who want the US Dollar to continue to dominate or be the strongest currency, those who want BRICS to topple the dollar, the IMF, World Bank, and all those financial institutions that control the world. There will be chaos because it will mean less depence on them for almost anything. People would be in charge, in control of their lives, their finances. These "guys" don't want that. Power means control. And once they lose control of the people, they become powerless. This is why I think that despite it fundamental and potentials, it will be easier for a camel to pass through the eye of a needle than for bitcoin to hit $1 million.

In as much as the possibility of reaching $1m is not looking close at the moment I wouldn’t call it and impossible price to come, bitcoin has done a $100k in last 15 years and in this 15 years it has actually faced many FUDs that ideally were supposed to actually stop it from growing but where are we now a $100k just another 10x and we ate there.

Personally I wouldn’t rule out the possibility of a $1m because I believe the Fud at the early stages by indications will be much sever than what will be coming in the future, if you look at the way most countries now are actually relaxing their laws against bitcoin it looks like the strict laws might be looking to be over and that’s a way bullish news’s that can result into more adoption and positive growth to this seven figure price that is looking more impossible to us

[Richbased]

Is bitcoin hitting $1M our major concern? NO, are you hodling? that should be the question and the most important thing. When the campaign of bitcoin reaching $100k came up, a lot of people were just watching the price movement almost reaching that milestone without a single bitcoin that they hold or in their custody. It is better for us to concentrate more on buying and hodling more bitcoins so that when the price hits $1M, we will also be massive beneficiaries of the profits that our investment would have yielded by that time. Bitcoin hitting $1M is obtainable if all the factors that can help the price to  skyrocket further still continue in the positive direction.

[el kaka22]

USA getting into it could make 1 million get here quicker, there is no doubt about that. But also, if USA never have that reserve, we would definitely still see 1 million eventually, it will take a longer time without a doubt but it will happen. The sad thing is, bitcoin has grown so much that a 10x discussion is based on the biggest economical power in the world making a national reserve out of bitcoin.

This is why so many people go towards altcoins, because getting 10x is simple, some whale jumps in and it becomes 10x, and that's why it's easier to make money there and many people do that. I understand the logic isn't really that complicated, which is why at the end of the day things aren't that simple at the moment but should be quite simple eventually, we just need some more time to see which one will do better, btc or alts.

[Ziskinberg]

Why not? The global stock market is currently worth $109 Trillion, so if Bitcoin hits $1 million each, its market cap would only be around $21 trillion. That’s still realistic in comparison. ... That would also only mean that stocks marketcap will drop because some investors will diversify with bitcoin.

if this would happen, we will surpass $17.842 in marketcap.

[Jegileman]

All you need to do is to keep accumulating and hodling be consistent and patient this two things will help you achieve success in your Bitcoin investment.

This is a futuristic prediction and I so much believe in it to happen at the designated time for it. $1million could take many years for us to reach there but what is more realistic is that bitcoin is capable of making that high as it continues to grow rapidly in the financial market realm. Not all holders can hold for that long, so many will sell at highs and buy back at lows. Taking profits intermittently is also a good one, it reduces emotional stress of losing the gains you’ve accumulated and seen overtime.  Buying and holding for a long time is another big job on its own, not everyone can do that even though they so much believe that bitcoin will reach that highs in the future.

[Jawhead999]

Why not? The global stock market is currently worth $109 Trillion, so if Bitcoin hits $1 million each, its market cap would only be around $21 trillion. That’s still realistic in comparison. ... That would also only mean that stocks marketcap will drop because some investors will diversify with bitcoin.

if this would happen, we will surpass $17.842 in marketcap.

Isn't you should compare global stock market cap with cryptocurrency market cap instead of Bitcoin market cap? Bitcoin is only one coin from the whole cryptocurrencies. Currently cryptocurrency market cap is $3.41 Trilion, assuming cryptocurrency market cap can hit $100 Trillion, Bitcoin might be have $50 Trillion because it's always hovering around 50%.

We need to wait for the new generation to get older because majority of people who invest in cryptocurrency are young people.

[bias]

Isn't you should compare global stock market cap with cryptocurrency market cap instead of Bitcoin market cap? Bitcoin is only one coin from the whole cryptocurrencies. Currently cryptocurrency market cap is $3.41 Trilion, assuming cryptocurrency market cap can hit $100 Trillion, Bitcoin might be have $50 Trillion because it's always hovering around 50%.

We need to wait for the new generation to get older because majority of people who invest in cryptocurrency are young people.

This will hardly change since only BTC has this price. When some of the major alternative currencies go up and have a higher value, this percentage will change. Indeed, BTC always affects all other currencies, so it should remain that much lower and not go to $500k or $1mil. I would like to believe, like you, that the new generation of investors will change this scenario, but I really find it very difficult.

[milewilda]

Why not? The global stock market is currently worth $109 Trillion, so if Bitcoin hits $1 million each, its market cap would only be around $21 trillion. That’s still realistic in comparison. ... That would also only mean that stocks marketcap will drop because some investors will diversify with bitcoin.

if this would happen, we will surpass $17.842 in marketcap.

Isn't you should compare global stock market cap with cryptocurrency market cap instead of Bitcoin market cap? Bitcoin is only one coin from the whole cryptocurrencies. Currently cryptocurrency market cap is $3.41 Trilion, assuming cryptocurrency market cap can hit $100 Trillion, Bitcoin might be have $50 Trillion because it's always hovering around 50%.

We need to wait for the new generation to get older because majority of people who invest in cryptocurrency are young people.

And we do need to print even more paper money on which this isnt really that a problem eh? Whenever i do see these kind of positive news about predictions on getting a million then i do always have that assumption that we might be seeing some price correction on the way. Usually these kind of sentiments or comments or predictions have these kind of behavior at least but well its not really that happening all the time. You could usually be seeing these stuffs when we are near bull run period or time on which numbers are going crazy but well this had been long time prediction about a million per coin. Actually this is possible but knowing on when it would happen then it might be something that wont happen in our current lifetime,maybe into my granddaughter then it might happen but since there's no assurance on what will happen in the future then this is something that remains speculation on which its always be. Therefore, if you do really that having those high hopes about Bitcoins potential then you could always opt in on accumulating it as much as possible as we do all know that totally supply would really be just that fixed and if adoption kicks in we do know that value will increase on which this is common sense.

[Woodie]

Very much possible but unfortunately for this to happen,  demand has to sky rocket and institutional investors are buying huge chunks to have price jump up..by creating a bull run and everyone buying via herd mentality.

And just the thought of a 1million price tag is crazy...what would be the transaction fee for such a coin, what would a satoshi be able to buy ::)I think I started to day dream otherwise one step at a time.

[Bd officer]

I believe Bitcoin will hit $1 million dollars at some point in the future. Because in 2010-11 when the price of Bitcoin was very low, no one believed that the price of Bitcoin would reach this level. The price of Bitcoin has hovered around $100k. A few days ago the price of Bitcoin was $99595. Since the supply of Bitcoin is limited. Bitcoin will become more popular day by day. So at some point in the future we will see Bitcoin hit $1 million but it will be a matter of time.

[Ziskinberg]

Why not? The global stock market is currently worth $109 Trillion, so if Bitcoin hits $1 million each, its market cap would only be around $21 trillion. That’s still realistic in comparison. ... That would also only mean that stocks marketcap will drop because some investors will diversify with bitcoin.

if this would happen, we will surpass $17.842 in marketcap.

Isn't you should compare global stock market cap with cryptocurrency market cap instead of Bitcoin market cap? Bitcoin is only one coin from the whole cryptocurrencies. Currently cryptocurrency market cap is $3.41 Trilion, assuming cryptocurrency market cap can hit $100 Trillion, Bitcoin might be have $50 Trillion because it's always hovering around 50%.

We need to wait for the new generation to get older because majority of people who invest in cryptocurrency are young people.

No, I’m comparing Bitcoin to the global stock market, assuming Bitcoin will hit $1 million each, which would make its market cap $21 trillion.
Here’s the simple computation for that.

Total Supply: 21 million BTC ( maximum)..
Price per Bitcoin: $1,000,000
Marketcap: 21,000,000 BTC × $1,000,000/BTC = $21,000,000,000,000 ($21 trillion)

[LDL]

Bitcoin will go to one million dollars but it may take decades but if Bitcoin hits one million dollars right now then its market cap will reach 20 trillion dollars which is quite impossible.
However, in cryptocurrencies, the impossible is possible, so for now, I am not discounting the possibility of Bitcoin reaching a million dollars. But if Bitcoin completes the waiting room of 100k dollars, maybe the next waiting room of Bitcoin will be 200k dollars. In this way, Bitcoin will gradually achieve new milestones and at some point in the future, it will cross the milestone of one million dollars.

[JeffBrad12]

I do not calculate it yet, but from my my rough calculation, bitcoin will get to $1 million after its marketcap would be between $18 trillion to $20 trillion if not more. This is not something easy to achieve. Bitcoin can easy add more digits when the price was low, but as the price increases, it will not be easy.

But what I know is that bitcoin will remain as an asset of value that its price will increase in long periods of time.

OP need to calm down because I think overtaking any stock in existence in term of market cap will be the next milestone



$1m for this bullrun cycle just seems too far fetched since money needs to come from somewhere. surely at some point, if many governments support legalization of BTC it will get as big as gold but it needs time.
I think within a decade we will be nearing that valuation though.

[Samlucky O]

For me I believe bitcoin will hit $1m but not as soon as possible because we need like 11x of bitcoin growth from now which may be possible depending upon the massive adoption of bitcoin. Although speculation/rumour had it that people are beginning to follow suit with Michael J Saylor of microstrategy Perttan of bitcoin accumulation. Because according to recent news many companies have started accumulating bitcoin using Saylors strategy and this will reduce the numbers of bitcoin in supply since they are not going to trade but HODl, they will make the demand of the available coin in circulation to be high and supply low. For example if BTC10m is kept in different wallets in (HODL) and BTC9m is left for demand, what do you think will happen to the remaining BTC9m? Surely it will become scarce in circulation And the demand of the remaining will be high and bitcoin will increase so rapidly to meet $1million

[Swordsoffreedom]

Bitcoin reaching that price will give a big threat to the US dollar which I don’t think the American government will be ready to compromise. We just have to wait a very long time to see how things unfolds for the future of bitcoin and how they relate with one another for the success of bitcoin in the future.

Does the increase in gold price affect the USD? If gold has no negative impact then neither does bitcoin because they want to turn bitcoin into an asset, an investment and not a currency. What Trump or any US president has always cared about is the strength of the USD against other countries' currencies, not against assets like gold or bitcoin.

Not to mention, if the US holds the majority of bitcoin and the price of bitcoin hits $1 million, this will do them more good than harm as you might think. I'm not sure about Trump's idea that they would use bitcoin to pay off the national debt but if bitcoin hits $1 million and they hold a majority of bitcoin, then they could do so.

[Salahmu]

We don't need to rush about seeing bitcoin come to the highest of all time to about a million dollar per bitcoin worth,

Most people are using the potential to make themselves think above time because the $1 million Bitcoin price is way very big to happen within few years, so actually what we should be looking at now in term of Bitcoin price prediction is anything within the space of two to three years from now because the price of Bitcoin will definitely not be up to $1 million in a short years, so actually the reason why I said two to three years is that even if we did not get the prediction accurate but it might likely be very similar since the number of years is very close, though $1 million milestone of Bitcoin will eventually come to pass just like how the $100k plus will soon come to pass.