Do you still believe Bitcoin can reach $1M? Why or why not?

[kyman1]

I think it can due to high demand increasing everyday, but in the other hand topics like WW3 and supercomputer, or just lack of interest can maybe take the price down. I don't personally see it how it can go to 0 in 1 day like some people fear, I beleive in it's security but what are some threats even if they are theory that could take it down, how would the gonverment attack it?

[|MINER|]

I think it can due to high demand increasing everyday, but in the other hand topics like WW3 and supercomputer, or just lack of interest can maybe take the price down. I don't personally see it how it can go to 0 in 1 day like some people fear, I beleive in it's security but what are some threats even if they are theory that could take it down, how would the gonverment attack it?

Of course, I believe that Bitcoin will cross one million, but rather it will increase over time. A simple explanation for this is that there is only a maximum supply of 21 million for a population of 8 billion and the world's population will not decrease with time, but rather the world's population will increase with time and this will increase the demand for Bitcoin even more, resulting in the price of Bitcoin always rising.

And yes, many people give hypothetical explanations about quantum computing that quantum computing can expose private keys from Bitcoin's public keys, but our quantum technology is still far behind, so the possibility of these fantasies becoming reality is very rare, but if we talk about the future, all the addresses that have been used repeatedly or shared publicly will be at risk, although the matter is hypothetical. I believe that this matter will remain hypothetical.

And if I say something about losing interest, then has people's interest in gold ever gone? Of course the answer is no.
Similarly, Bitcoin is the digital gold of this modern era, so there is no possibility of people losing interest in it.

[iv4n]

I have a gambling mind... I didn't know how else to do it so I asked AI to calculate the odds of Bitcoin hitting $1 million one day. Here are the results:

Next 5 years: ~5–10%

Next 10–15 years: ~20–30%

Long-term (20+ years): ~40–50%

So there are chances, and pretty good ones if you ask me. And since I have some money in Bitcoins, I guess I can say I believe Bitcoin can reach $1 million one day.
All of us who own even a fraction of Bitcoin believe in that... more or less. And it's like all of us are betting that one day the price will reach $1 million.

[passwordnow]

I think it can due to high demand increasing everyday, but in the other hand topics like WW3 and supercomputer, or just lack of interest can maybe take the price down. I don't personally see it how it can go to 0 in 1 day like some people fear, I beleive in it's security but what are some threats even if they are theory that could take it down, how would the gonverment attack it?

There is no lack interest on it. If there is a lack of interest for most today, it means that they are not aware of it yet. We see big companies buying hefty of it and that's no small interest on them and they know something that the others should have been doing already while watching. And if there are still people believing that it can go to zero, they're just so negative about it. But worry not, Bitcoin has went through a lot for people to think of it. Just one of the good charts that everyone seen so far.

[salad daging]

I'm confused by your title saying that Bitcoin could reach $1 million. Is that possible?

But you said that the price won't drop to zero in just one day. That's ridiculous if anyone believes that, because as demand for Bitcoin increases, the price won't get that low.

The government will only handle regulations that can be monitored, while the security of stopping Bitcoin will never be possible.

[Dogedegen]

I think it can due to high demand increasing everyday, but in the other hand topics like WW3 and supercomputer, or just lack of interest can maybe take the price down. I don't personally see it how it can go to 0 in 1 day like some people fear, I beleive in it's security but what are some threats even if they are theory that could take it down, how would the gonverment attack it?

Who is going to attack it, the government that is in the pocket of Blackrock the institution that is making the most money off of this adventure? The times of large government attacks on Bitcoin are slowly passing. It is more likely that governments will contribute in silence to improve the robustness of Bitcoin.

I have a gambling mind... I didn't know how else to do it so I asked AI to calculate the odds of Bitcoin hitting $1 million one day. Here are the results:

Next 5 years: ~5–10%

Next 10–15 years: ~20–30%

Long-term (20+ years): ~40–50%

So there are chances, and pretty good ones if you ask me. And since I have some money in Bitcoins, I guess I can say I believe Bitcoin can reach $1 million one day.
All of us who own even a fraction of Bitcoin believe in that... more or less. And it's like all of us are betting that one day the price will reach $1 million.

Those chances are quite pessimistic and unrealistic. Once you understand that we are already in a hyper inflating world, you will understand that there is no price cap that Bitcoin can have. $1m will feel boring, like $100k feels now. 

[Z_MBFM]

I think it can due to high demand increasing everyday, but in the other hand topics like WW3 and supercomputer, or just lack of interest can maybe take the price down. I don't personally see it how it can go to 0 in 1 day like some people fear, I beleive in it's security but what are some threats even if they are theory that could take it down, how would the gonverment attack it?

I think you know about the Bitcoin supply and population of the worldwide. and you also know how people are attracting on Bitcoin. Bitcoin now considered as digital gold and the government also think positive for Bitcoin reserved.

The way Bitcoin adoption is increasing, the price of Bitcoin can definitely exceed $1 million. Because even if the price of Bitcoin is $1 million, according to the supply, people will not be able to find Bitcoin in the market to invest in Bitcoin. Because its supply is very low compared to the world's population. And various whales are already holding a large amount of Bitcoin because now is still the prime time to hold Bitcoin.

[Stalker22]

$1M? Thats an old story. My actual target is 1 satoshi = 1 USD.

This means I believe Bitcoin could reach a value of $100 million per coin. Is that realistic? It is highly unlikely to happen in the short term, but not impossible over a longer timeline.

[Distinctin]

I guess the fact that we stayed with bitcoin, all of us here are secretly hoping to see $1m for btc price in the next years or decade. In fact, I don’t see any reason also why bitcoin price won’t reach that certain amount, as long as there’s volatility, there’s always possibilities for bitcoin to skyrocket and hit its new all time high, $1m or even $5m to $10m, none of us can accurately predict actually.

Patience is a virtue, and we will see bitcoin reaching that price. But of course, expect for price crash and corrections first prior to hit its highest peak.

[Japinat]

With how potential and profitable it is these days, I have high hopes that bitcoin price will continue to surge high and reach a limitless amount. Bitcoin, despite of its high risk, is also capable to make it into a life-changing price one of these days, so the best thing we can do is to stick with it and maximize the amount of our investment, so that when all our sleepless nights will paid off, each of us will enjoy huge amount of profits, which is everyone’s dream why we chose bitcoin over other physical assets.

[Synchronice]

I think it can due to high demand increasing everyday, but in the other hand topics like WW3 and supercomputer, or just lack of interest can maybe take the price down. I don't personally see it how it can go to 0 in 1 day like some people fear, I beleive in it's security but what are some threats even if they are theory that could take it down, how would the gonverment attack it?

Just look at Bitcoin's market cap before you make any prediction and compare it to Gold's market cap. Bitcoin definitely has the potential and I'm 100% sure it's possible for BTC to reach 1M USD value per coin but it's not going to happen this year or the next year. It takes almost 10x of the current market cap to get that price. You know what that means? Look at how much money has the whole world invested in Bitcoin throughout these years and multiply that to 10, that's the number of money we need in market cap to make Bitcoin worth 1 million dollar per coin. So, it's definitely possible but it's more of a long-term plan than short one.

[Asiska02]

I think it can due to high demand increasing everyday, but in the other hand topics like WW3 and supercomputer, or just lack of interest can maybe take the price down. I don't personally see it how it can go to 0 in 1 day like some people fear, I beleive in it's security but what are some threats even if they are theory that could take it down, how would the gonverment attack it?

A decentralized system is not easy to take down no matter how the government who has the central authority over everything will want it to. If the government would have won the battle against bitcoin, they won’t have by now already showing interest in it and be part of what they cannot defeat. With this happening, I don’t even think such a day will ever come when bitcoin will drop to zero and the possibility of it reaching $1M will just be a matter of time.

So there are chances, and pretty good ones if you ask me. And since I have some money in Bitcoins, I guess I can say I believe Bitcoin can reach $1 million one day.
All of us who own even a fraction of Bitcoin believe in that... more or less. And it's like all of us are betting that one day the price will reach $1 million.

Why not? Anyone holding some bitcoin would already be an optimist in that regard before even investing into it. So for every time an impossibility of bitcoin reaching the argued price, they’ll always bring a prove of possibility of it reaching that amount. This is not just because they have investment in them and don’t want to lose, but because they trust in what they’ve invested into and won’t disappoint them in the long run.

[Felicity_Tide]

$1M? Thats an old story. My actual target is 1 satoshi = 1 USD.

This means I believe Bitcoin could reach a value of $100 million per coin. Is that realistic? It is highly unlikely to happen in the short term, but not impossible over a longer timeline.

$1M looks realistic to me, judging by what has happened in just less than a year now, or maybe exactly a year now, can't remember. Its adoption is pretty impressive as investors keep holding.
 
1 Satoshi = 1 USD should be far better due to the value of a single sat, which means a Bitcoin would be worth far more than a million dollars if my calculation is actually on track. Bitcoin divisibility will be of great importance in the future when every sats worths something good.

[TopT3ns]

With how potential and profitable it is these days, I have high hopes that bitcoin price will continue to surge high and reach a limitless amount. Bitcoin, despite of its high risk, is also capable to make it into a life-changing price one of these days, so the best thing we can do is to stick with it and maximize the amount of our investment, so that when all our sleepless nights will paid off, each of us will enjoy huge amount of profits, which is everyone’s dream why we chose bitcoin over other physical assets.

Bitcoin holds a potential that can be so dreamy that one would find it unrealistic even. It is not a source of exchange but to many observers, it appears as a source of passage to financial independence. However, investors need to be careful in trying to survive purely on a phantasmal price increment without developing a congruent plan on how to survive during an unfavorable while time. Training should not only be about success, but also survival in the case of a change of course.

The adherence to the asset on a consistent basis is admirable but under the condition that people should have a say in their making decision. The sleepless nights that so many are going through now are admittedly taxing, but they will be meaningless should they be based on blind optimism. Bitcoin can be amazing, but the transformative effect of the same should be of both the market price and the wise management. We should have long-run plans that should be accompanied by our ambitions and the two should be the main framework to long run prosperity.

[btc_angela]

I think it can due to high demand increasing everyday, but in the other hand topics like WW3 and supercomputer, or just lack of interest can maybe take the price down. I don't personally see it how it can go to 0 in 1 day like some people fear, I beleive in it's security but what are some threats even if they are theory that could take it down, how would the gonverment attack it?

You just have to look at Bitcoin's history, that's what they said before, that it won't take off and most of the early investors have sold. So from $1 to $100k++. So logic says that maybe in the next couple of halvings, we might see $500k and then the eventual $1 million. I don't think that WW3 or even quantum computing will be threat. If ever the latter will be, then the developers will have to be one step of the game again and move to the next algo so that we will be safe.

And if you look at the total numbers of circulation, we are almost got it, I mean 99% could be mine in the next years and so it will make it more scarce and demand going up, pushing to the $1 million.

[fuguebtc]

As a bitcoin investor, no one does not want and believe that bitcoin will reach 1 million in the future because it brings us a lot of profit. But the problem is that no one knows when that will happen, and although we are bitcoin investors, but we should be realistic and not be too delusional.


Don't be like some investors who get too excited and believe that the target will be achieved in the next 5 years but they can't even come up with a rational analysis. Their predictions are based solely on their emotions and expectations, and as we all know, just because we want something to happen doesn't mean it will definitely happen.

I believe bitcoin will hit 1M, but I don't believe it will happen this decade or in the next 1 or 2 cycles.

[JeffBrad12]

I think it can due to high demand increasing everyday, but in the other hand topics like WW3 and supercomputer, or just lack of interest can maybe take the price down. I don't personally see it how it can go to 0 in 1 day like some people fear, I beleive in it's security but what are some threats even if they are theory that could take it down, how would the gonverment attack it?

1m is easy.
With just cyclical 2x gain is enough in just less than 2 decades. If you see current bitcoin growth, it definitely surpass 2x gain for each cycle. Although gain can diminish as the fully diluted valuation went up but I believe that 1m can be reached just within a decade once other developed countries are considering bitcoin.
Quantum computer is just fear mongering in my opinion and there will be solution for it.

On the other hand, we've been talking about WW3 for more than decades, everybody thought it will happen but countries aren't fool. They prefer to be peaceful and grow their own economy.
I'm optimistic 1m is just right in front of our eyes. Try to imagine when every country in this planet considers bitcoin on the same footing as gold and they all rush to invest in it which already starting to happen.

[DanWalker]

Of course, I believe that Bitcoin will cross one million, but rather it will increase over time. A simple explanation for this is that there is only a maximum supply of 21 million for a population of 8 billion and the world's population will not decrease with time, but rather the world's population will increase with time and this will increase the demand for Bitcoin even more, resulting in the price of Bitcoin always rising.

Bitcoin will grow over time because its supply is limited and adoption is still ongoing, and it has not reached its limit yet. But we can't expect that 8 billion people in the world will need bitcoin, bitcoin is not so important that everyone needs it. That is why many people know about bitcoin but still do not care and invest in it, until now.

And yes, many people give hypothetical explanations about quantum computing that quantum computing can expose private keys from Bitcoin's public keys, but our quantum technology is still far behind, so the possibility of these fantasies becoming reality is very rare, but if we talk about the future, all the addresses that have been used repeatedly or shared publicly will be at risk, although the matter is hypothetical. I believe that this matter will remain hypothetical.

The threat from quantum computers is still theoretical as they are still too young to pose a threat to bitcoin. It's all just a rumor, nothing more.

https://bitcoinist.com/elon-musk-poses-chilling-question-can-quantum-computers-hack-bitcoin/

And if I say something about losing interest, then has people's interest in gold ever gone? Of course the answer is no.
Similarly, Bitcoin is the digital gold of this modern era, so there is no possibility of people losing interest in it.

But there is a huge difference between gold and bitcoin, gold is a natural asset while bitcoin is just a product of technological evolution and technology is constantly evolving. If Satoshi could invent bitcoin, someone else could create something similar or better as technology develops.

[IIrik11]

yes, it can reach 1m but it will take a long long time and i think it is best to not go all in on it

to be on the safer side of things, do dca, buy when u can what u can and hodl

other than that if u have money to invest, do it on other stuff as well, mainly promising businesses

because whether it is gold/silver/bitcoin, the money invested in these is not being re-invested

whereas businesses do that, which is why the chance of getting a good return in longer term

in a business is much better than commodities or forex or crypto

$1M? Thats an old story. My actual target is 1 satoshi = 1 USD.

This means I believe Bitcoin could reach a value of $100 million per coin. Is that realistic? It is highly unlikely to happen in the short term, but not impossible over a longer timeline.

this, i don't know if $1 for 1 satoshi is realistic or not but i no longer check out the price of btc

i just check the price of satoshi every now and then because i will never have a whole bitcoin

but i do have some sats and i just monitor their movement

[Helena Yu]

I'm 100% sure.

It's not about Bitcoin has unlimited supply, it's not about Bitcoin has many good utilities, it's not about Bitcoin greatness bla bla. Very simple, because fiat is inflationary and the purchasing power keep going down.

This will make Bitcoin price rising, while the main cause of the price rising was due to fiat losing it's value.