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

[Botnake]

Seeing how big financial institutions jump into bitcoin and invest substantial amount, that thought alone makes me think that bitcoin has definitely limitless potentials and that any time it can surge high into a million dollar if bitcoin itself wanted to.

Bitcoin moves on its own pattern in the market, aside from the news and trends that positively or negatively affect its price. And as long as there is unstoppable huge demand coming from its loyal buyers, its price will continue to grow wherein sky is the limit. And would even surpass $1m in due time, that’s how amazing bitcoin is.

[Rockson1]

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 has not stopped to create history so with it's continued positive movement, there no way anyone will doubt it not reaching the amount the op said in the future, I don't think there's any high risk in bitcoin investment, what we see as high risk is how it does it it own things, if the risk you mean is volatility then it should not be seen as risk rather we should see it as the best thing that ever happened to us as bitcoin, why some people keep buying and in the process still buy at a lower price sometimes and also buy at high price and make profit as time goes on is because of volatility, bitcoin being a long-term investment is because of this volitility, at some point it becomes highly which is to say that if you're a hodler then, you'll be smiling because your consistency and your faith on what bitcoin can give has actually come to reality.

[Iranus]

Seeing how big financial institutions jump into bitcoin and invest substantial amount, that thought alone makes me think that bitcoin has definitely limitless potentials and that any time it can surge high into a million dollar if bitcoin itself wanted to.

Bitcoin moves on its own pattern in the market, aside from the news and trends that positively or negatively affect its price. And as long as there is unstoppable huge demand coming from its loyal buyers, its price will continue to grow wherein sky is the limit. And would even surpass $1m in due time, that’s how amazing bitcoin is.

If you think Bitcoin can only increase in price and reach $1 million because big financial institutions jump into Bitcoin. You also shouldn't rule out the scenario that bitcoin could also fall sharply if they sell off en masse to make a profit. Because at the end of the day, they invest in bitcoin for profit just like us, they are not here to advocate and support the popularity of bitcoin or its future.

I admit that bitcoin's potential is huge but not limitless. Like other assets, bitcoin is also limited and not immune to the rules of financial markets, meaning that the more mature bitcoin becomes, the slower its growth rate will be. Bitcoin can reach 1 million but not as fast as you say and not so big that it is beyond human imagination.

[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?

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.

yeah lol, btc lgbt? just kidding, I see ofc it has a lot of interest always increasing but what could it effect it in the wrong way?

[kyman1]

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.

Not literally 0 but it could be, I think for 2 main reason: 1. If big companies buy like 90% and dump or "centralize" it.
2. If quantum computer can literally break the blockchain hash, how could bitcoin defend against that?

[Salahmu]

Bitcoin has not stopped to create history so with it's continued positive movement, there no way anyone will doubt it not reaching the amount the op said in the future, I don't think there's any high risk in bitcoin investment, what we see as high risk is how it does it it own things, if the risk you mean is volatility then it should not be seen as risk rather we should see it as the best thing that ever happened to us as bitcoin,

If this price is about the future then I agree but if is about a period prediction then everybody cannot be on the same understanding on this because it can never be accurate and someone might set period but when the time comes the price is no way near what was hyped some time ago but with just future it has removed an expectation of time because it doesn't have a specific date, actually there is nobody who is investing on Bitcoin will not be happy if the price eventually gets to that point because everybody will have something to celebrate about. Is true volatility is not a risk but only to people who see that they should be talking about future.

[kyman1]

$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.

That's a bit too much do you calculate how much it needs market cap to be worth $100M per coin? Only after 100+ years maybe

[kyman1]

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.

Exactly. You should not make prediction based on emotion because that's where you get caught. I see some investors hype example btc is rn 120k$ they think it will reach 1M$ by the end of the year and if price drops to 90k$ they sell and think they are done. That in my opinion is very dumb and ruins youll brain you need to be more realistic (not pessimistic), you think you are worth that without actually happening, false dopamine. Always be based on calculations and logic, be optimistic and let the fate do the rest.

[Samlucky O]

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

yes of course. bitcoin has grown from less than a cent to $100k why cant it hit $1m? bitcoin just need to grow by approximately 10x  to hit $1m and of course in the nearest future it will surely be achieved.

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.

surely it will reach that height because bitcoin is still in its early stage compared to the future price. and more people will still adopt it. as demand increases and bitcoin  is bought and stacked, it will create scarcity and the remaining one in the market will become more expensive. and i dont think that lack of interest will take the price of bitcoin go down. because as people sell bitcoin, so do others buy and stack and that will increase bitcoin price.

[Tmoonz]

Seeing how big financial institutions jump into bitcoin and invest substantial amount, that thought alone makes me think that bitcoin has definitely limitless potentials and that any time it can surge high into a million dollar if bitcoin itself wanted to.

Bitcoin moves on its own pattern in the market, aside from the news and trends that positively or negatively affect its price. And as long as there is unstoppable huge demand coming from its loyal buyers, its price will continue to grow wherein sky is the limit. And would even surpass $1m in due time, that’s how amazing bitcoin is.

You have rightly said and of course majority of us who has had the experience of dynamics of Bitcoin will surely comprehend this, the reason to which Bitcoin was invented is absolutely worth such necessity, knowledge of things will keep increasing and the existence of Bitcoin today is enough visibility of an increasing higher standard of living when it comes to civilization and economic development in which ever forms of it's utility, the world is so large and the percentage of those that knew about Bitcoin is still low, that is to say as time goes on there will be more increase adoption rate, people will sell at some point making a down turn and at that same point people will also buy and In general Bitcoin is more on the increasing side such that $1m in due time seems realistic.

[Swordsoffreedom]

yes of course. bitcoin has grown from less than a cent to $100k why cant it hit $1m? bitcoin just need to grow by approximately 10x  to hit $1m and of course in the nearest future it will surely be achieved.

If I remember correctly, the price of bitcoin in 2009 was $0.00099 and compared to the ATH of $123k, that means bitcoin has increased 124 million times in the last 16 years. But on the other hand, it took bitcoin 16 years to reach a market capitalization of $2 trillion and for bitcoin to reach $1 million, bitcoin capitalization would need to reach $21 trillion.


Based on market cap, how long will it take for bitcoin to reach $1 million? I don't think it can reach $21 trillion in just a few years or in the near future like you said.


We are talking about 21 trillion dollars not 21 billion but it seems many people do not understand what these numbers mean.

[LogitechMouse]

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

In the past, nobody expected for Bitcoin to reach $100, then $1000, then $10,000 then just recently, Bitcoin reached $100,000, but if you will ask people in 2017 or even earlier, they aren't expecting that Bitcoin will reach 6-digit price.

With this, I still believe that Bitcoin will reach a million dollars. It's not a matter of will it happen, but when it will happen is the question. If I'll make a prediction right here right now, I think that in around 3-4 cycles excluding this 2025 bull run, it will reach that price provided that the trend will continue where Bitcoin will at least double it's price from it's previous bull run ATH. Bitcoin and the whole crypto market will just be more and more popular throughout the years, and there's a chance that those who are investing primarily on the stock market will transfer their funds and invest into the crypto market particularly into Bitcoin.

We can reach that price. What we need is liquidity. Global adoption is happening, and the more Bitcoin becomes more popular and accessible, the more liquidity will be poured.

[Free Market Capitalist]

Of course, and as I said in my thread on the subject, it's not a question of whether it will reach a million, the question is when it will reach it.

The BTC to $1M thread (12% reached)

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 could have thrown some aliens in the story while you were at it. Seriously? The government attacking bitcoin? More than half the cabinet own bitcoin. WW3? If it happens the value of bitcoin or the value of anything else really won't even come to your mind.

[Smack That Ace]

$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.

That's a bit too much do you calculate how much it needs market cap to be worth $100M per coin? Only after 100+ years maybe

Even if bitcoin lasts another thousand years, I don't even think bitcoin can reach 100 million per coin.
We haven't even hit $1 million yet and no one can be sure it will ever hit that number, let alone bitcoin hitting $100 million.

I am really confused that to this day, there are still people who think bitcoin can increase 1000x when the price is trading above $100k and the market cap exceeds $2 trillion.

No offense but if this is a serious prediction then the people who made this prediction and believed it deserve to be honored as the most optimistic people in the world. If this boundless optimism could be conveyed to people with cancer, perhaps they could live a few more years  .

[DubemIfedigbo001]

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?

For everyone who is still holding bitcoin and hopes to go for a long-term in it believes that bitcoin would appreciate so much one day, maybe not in the next 4 cycles or less, but hopefully we all envision it gets to that value. Some people would still join the belief when bitcoin continues to do well in the markets. It could be said that we all holding are having a fair bet on any price range bitcoin can attain and $1m is not impossible.

The government attack is only on their desire to centralize it and their continuous regulations against it which some governments have totally banned it like China, yet the Chinese government still holds bitcoin showing they still believe in it. Bitcoin is decentralized and we have non-custodial wallets that prevents the government from laying hands on our funds, so people would always believe in bitcoin because of the power it gives them over their finances and the value and investment opportunity it presents.

[mirakal]

The real question is, are there enough reasons why bitcoin has no chances to reach $1m? Because in all honesty, even if global adoption isn’t around the corner yet, but as long as bitcoin price continues to grow due to consistent massive market demand, then there’s no stopping bitcoin, but it will definitely reach to a point that even us will get amazed on how far already bitcoin has achieved, and its future achievements soon in the future.

This made ma realized that bitcoin has no end game, has no end and limited price goals. It will continue to live longer and grow higher as long as we, the miners, the buyers, the investors and the traders never put an end to bitcoin.

[YOSHIE]

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

Certainly $1 million is not impossible, of course that will happen depending on the global economy, where the company, government and investors adopt bitcoin in large scale, also it can be influenced by the limited purchasing power and supply of bitcoin.

We understand the price of bitcoin the main factor affects the price of the rise, namely buying and the economy, if investors believe in bitcoin As a future investment asset, of course $1 million will be achieved, but I think it will happen in the long run, not in the next 1-2 years, maybe the next 10-20 years.

[m2017]

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 don't just believe in this, I am sure that bitcoin will one day cost $1 mln. I would like to swear by this like McFee, but I will not stir up the public.

Why? Because it (BTC=$1 mln.) is inevitable.

The fall of bitcoin to zero is now possible only with the disappearance of the Internet and electricity, which is actually possible only with the death of human civilization (at least its developed part).

The government will not fight bitcoin, but will use it, but will not allow us, ordinary citizens, to use bitcoin3 (at least, to the fullest extent).

[BIT-BENDER]

The real question is, are there enough reasons why bitcoin has no chances to reach $1m? Because in all honesty, even if global adoption isn’t around the corner yet, but as long as bitcoin price continues to grow due to consistent massive market demand, then there’s no stopping bitcoin, but it will definitely reach to a point that even us will get amazed on how far already bitcoin has achieved, and its future achievements soon in the future.

This made ma realized that bitcoin has no end game, has no end and limited price goals. It will continue to live longer and grow higher as long as we, the miners, the buyers, the investors and the traders never put an end to bitcoin.

i have been going through the thread because I wasn't to read the reason why anyone will think that Bitcoin won't reach one million dollars especially without any time frame.
If Bitcoin can go above one hundred thousand I don't know why anyone will think that Bitcoin won't reach one million dollars. There is no stopping to the price Bitcoin can achieve, there is a fix Amount of Bitcoin which is 21 million the demand for Bitcoin is rising which will continually increase the price.

[iv4n]

Next 5 years: ~5–10%

Next 10–15 years: ~20–30%

Long-term (20+ years): ~40–50%

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. 

Hey, don't shoot the messenger. I completely agree with you... when someone has been in the crypto world for so long, certain things and numbers become boring... it can be much more interesting. That's why Stalker comment is a great reminder of some old times:

$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.

Yes! I remember those threads from years ago... it goes like: "Can 1 satoshi worth $1?", and many similar ones. A dream worth dreaming... but I cannot agree more with your question about how realistic that is, and your answer is in the spot. But in the end of the day it's not impossible... maybe some of us will be alive to see it.