Can Bitcoin Really Reach One million dollars by 2030 or 2035?

[Emitdama]

Speaking of time, maybe it's too fast if targeting a maximum in 2035, because bitcoin needs approximately $18.5 T from the current capitalization of $1.5 T, thirteen times the growth that needs to be achieved because Bitcoin already has 20 million more coins circulating in the market now, this requires fresh funds from new markets or new money entering the market within the next 10 years, in my opinion this does not make sense in terms of market growth, we can see gold which is in 31T takes hundreds of years to reach it, Bitcoin can reach $1 million it may just be time in my opinion is not so simple.

I'm also not saying all new printed money will flow into bitcoin, and I'm saying bitcoin as an alternative storage of money for some people, which of course I'm also considering how people would store their money in another basket, therefore saying "alternative".

I don't think money is going to be a problem in bitcoins. Fresh money will always flow as mass adoption is in picture. Every other person wants to invest in bitcoins but are just not able to as of now. Soon, times will change for them and they will slowly start investing in bitcoins which brings fresh money. Also, let's not forget the institutions that are showing great interest in bitcoins. Institutions itself can bring a lot of fresh money in which will eventually increase the price as well.

Bitcoins are mined at a very slow rate now but the money flowing in is big. This is only increasing the demand and this will continue which is only going to inflate the price for bitcoins.

[Swordsoffreedom]

I was already thinking that 2035 is a really long time because it is almost close to a decade. I think that is still enough time for bitcoins to reach $1 million. In a single bull run, bitcoins can reach the peak which is 2 to 5x multiplied to the current ATH. With the current ATH, even if bitcoins double down in the next bull run, we are to cross $200,000.

Now, it depends on how many bullish cycles we would actually see before 2035. If there are only a few, yes bitcoins will still struggle to reach $1 million level by that time. I am bullish for long term but I do not have any specific target in mind for say. I am confident that the price will continue rising which will anyhow fight inflation so I would be with bitcoins irrespective of the levels.

From 2021 to 2025, 4 whole years, BTC went from $69k to $126k. That's only around 1.8x. Even if it keep that pace, it'd still take another 14-16 year to hit $1m. But do you really think BTC can keep growing at that rate? I have my doubts,  tbh . The bigger Bitcoin gets, the harder it become to maintain  same percentage growth . That is something we need to accept.

A decade is a long time in a person's life . But when you are looking at economic cycles or the long term growth of an asset with a marketcap in the trillions . It's still just one stretch of a much longer journey .