Right now, Bitcoin's sitting at around $100,000, and the buzz is definitely on the rise. Do you guys think it could actually hit a million in the next few years? Just a wild dream, or is there a chance?
Is Bitcoin about to hit a million soon?
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Bitcoin is currently trading at $110k per BTC, and demand is growing. You might be wondering if it could reach $1 billion in the future?
Numbers & Reality:
The total supply of Bitcoin is only 21 million. And 4 million btc is locked
If 1 BTC = $1,000,000,000 the total market cap would be around 21 quadrillion doller.
For comparison, the total global wealth is about 500 trillion doller.
So 1Billion doller per BTC is practically impossible.
Market Behavior and Psychology:
When prices rise sharply, investors will start taking profits.
Even large institutional investors or governments cannot control the entire market.
At such extreme prices, the market will not be stable and volatility will be a big amount .
Realistic Targets:
$100k to $500k or even $1 million per BTC is possible if adoption grows and institutional interest continues.
$1 billon per BTC is just hype or exaggeration.
Other Important Facts About bitcoin:
1: Total supply is 21 million bitcoin so scarcity drives value.
2: Institutional adoption is growing, meaning long-term price potential exist.
3: bitcoin is volatile, so patience is important for investors.
4: The (HODL) mentality has helped many achieve long-term gain.
5: Using a hardware wallet keeps Bitcoin secure.$1million per BTC is possible, but $1billion is impossible.
Your topic title is about that price target in coming weeks and your post content is about the next few years?
What's actually wrong in your mind when creating this topic and composing your post?
Someone said this years ago, and it's funny and believe it or not, it's up to you. You can make similar call but not all people will believe in your price calling.
Balaji Srinivasan Concedes Bet That Bitcoin Will Reach $1 Million In 90 Days.
Could Bitcoins Price Reach $1,000,000? With Balaji Srinivasan and Cathie Wood.
In my opinion, Bitcoin can reach to $1 million for 1 bitcoin in the future but I see that price to be reached in two, three or four next market cycles.
A exchange rate in the billions of dollars is possible if the dollar enters hyperinflation. In that case, the exchange rate of Bitcoin could reach billions of dollars. However, if inflation continues as it has so far with real inflation around 7 to 10 percent Bitcoin will likely continue to grow in line with inflation, and probably, after the halving in 2032, it will surpass 1 million dollars.
It is about million, not about billion but you are right about that in a scenario of Bitcoin price skyrockets to $1 million of dollars in a very short coming time. It will only possible to happen if the world has massive inflation in fiat currency supply and I don't want to live in such a hyperinflationary world.
A second scenario is Bitcoin grows naturally from development, technology, use cases, utilities, adoption then value and price. In this scenario, Bitcoin can hit prices like $1M without much big hyperinflationary problems globally. I would like to live in such world and have bitcoins in that scenario to get profit and retire a little bit ealier.
You post is full of inconsistencies. Why not review your post before you submit?
This is your topic title
You left the unrealistic context of a million dollar in few weeks and jump to a billion dollar in few years. Who supplies your Cana bro?
alex.shardLegendary
Posts: 1019 · Reputation: 5623
#7Jul 29, 2020, 02:43 PM
Which one are you asking of. In your topic title, you asked if bitcoin will surpass $1 million, but in your post content, you asked if bitcoin will surpass $1 billion.
Bitcoin will one day surpass $1 million. With the wealth in this world, I am very sure of that. But it might take 15 years before this can be accomplished.
Bitcoin will surpass $1 billion. Bitcoin can surpass $1 billion but it will take centuries.
You can't be for real. There is a 0% chance that Bitcoin will reach one million this year. Zero.
Perhaps it is a spam bot, it would be quite strange for a normal person to make such a mistake.
Its x10 to the current price and 100K is the product of more than of 15 years with lots of up and down.
So asking if Bitcoin will reach that 1M or Billion on coming weeks is already exaggeration even I myself will love this happened.
The recent price action on Bitcoin will surely the main reason why theres an exaggeration post like this because many new investors purchased during the dip. Just hold and dont count years. Let Bitcoin do the work for our investment.
Bitcoin has only traded on the lowest today on $109,419.59 according to statistic of price price performance and currently $111k as at when I'm making this post. The market has actually look like we're now in the bear but that's not. This spike Dip is caused by traded volumes while demands are likely on the processes while it's certain for price recovery regardless of the down trends low volatility.
For bitcoin price to catch $1,000,000 is a price target and when it's met, there's possibilities that it'd see more Aths but as the future unpredictable, so also speculations are uncertain but hopeful by enthusiasts.
ryanwizardSenior Member
Posts: 334 · Reputation: 1694
#11Aug 1, 2020, 04:46 AM
Currently Bitcoin is at $112,000 and we should know that the all time high reached is $124,000 while at the end, we should expect that this season should end up around $150,000 to $200,000 at max, which we have have between now to the end of the year, also, it is important that we know why we see that market getting to $1 million after some more other subsequent halving coming in the future, which can take up to a decade from now or even more, but we are mostly going to get there soon.
There are exceptions: if the government or all countries in the world adopted bitcoin at least 100btc in the multiplication of 193 Bitcoin countries sold out 19,300 bitcoin, there was no speculation Ridiculous again, all speculations will be proven by Bitcoin at that time will also occupy the level of $1 million/ pieces.
Is that speculation reasonable, of course if all countries do that, but if it is not difficult to exceed the price of Bitcoin with the current value of $1 million, It takes $10,363,148 for 100 BTC capital for the revival/one country in adoption speculation.
Op if your main reason is years instead of weeks I think you should do a little editing on the title and put it the way it was meant to be so that it doesn't look like you are trying to say something but instead emphasizing on another thing because when I saw two weeks of Bitcoin getting to $1million I just said this must be an exaggeration or something maybe you do not understand were it is now but when I saw the few years it became a bit understanding so actually the few years depends, because if is something from the next ten years there could be some truth about it even if there isn't an obvious fact.
Everything is possible but in the coming weeks? No, that is extremely unlikely. Why would you expect a 10x pump in such a short amount of time? Don't get me wrong, Bitcoin is definitely going to 1 million but not anytime soon... This is not 2012 .
We should not create unrealistic expectations because that will only end up in disappointment and maybe even make you panic-sell, in the worst case situation...
raven_sigmaFull Member
Posts: 83 · Reputation: 497
#15Aug 2, 2020, 07:47 AM
The possibility is there, because nobody expected Bitcoin to reach to this particular price at this point, when it was introduced in 2010 officially many people never believed that the price of Bitcoin will got to this point, that is why it has so many people who criticize Bitcoin, but today look at the value of bitcoin have a compare it to the value of bitcoin in 3 years ago
So everything is possible when we have a massive investors that invest in Bitcoin so bitcoin can get to the particular point or value you mentioned at any given time because of the traffic of the market within period of 2 years, because nobody believed that one the Bitcoin will hit 124k so it is possible for Bitcoin to reach to The approximate point or value you mentioned.
For once, we never thought that Bitcoin could be this big. From a meager like that 1 dollar in it's infancy to $100k ore more in 2025. So in about a decade or so, it went that fast. So maybe in the next decade as well, we might see the price hitting $500k to $1million. However, for $1billion, it could be that it's a price exaggeration. Unless there is money printing in the future that it doesn't have any value except that people are buying Bitcoin with is. But if you look at it, in the next 3-4 halvings, we might see that 99% of Bitcoin has been mined so maybe that time, we can see if Bitcoin can go as high as $1million or even higher.
calmfalconSenior Member
Posts: 181 · Reputation: 966
#17Aug 2, 2020, 07:15 PM
Definitely not coming weeks, he is just making up stuff about it, it is not going to be that high anytime soon.
However, good news is that, it will be a million eventually and that's the vital part here. I am definitely sure that we are not going to have any type of situation changing at any given moment.
People should be happy about the future, sure it is not going to be in the coming weeks, but it is not going to be impossible neither, isn't that a news which is good enough for all of us?
People would rather see it go up now, but it won't or even can't go up that much soon, but it can definitely go up a lot more on the long run, and that is the most important part of it, we should expect it to be a lot higher on the long run and get better results.
Definitely not within weeks according to your topic title .
But in the coming few years? why not, as long as we're talking about 10-15 years into the future, the chance is high for this to happen.
If within 5-8 years, it could happen but it needs good narrative. Maybe when bitcoin is being legalized everywhere that investing in bitcoin become normal and any kind of fund can tap into bitcoin.
Well... Either millions or billions are all speculations to be emphasized be cause we are only predicting based our emotional differences and analytical ideologies to determine what possible values Bitcoin price could acquire in the short or long term.
On the other side, we don't have to expect too far at what price Bitcoin would be in the close term time. Like it is now, Bitcoin ATH at @ $24K on a gradual trends. So the price did not jump or skyrocketed from the bottom to the peak at which gave us the believe that $150K-$500K is possible as long we can only give it time to acquire.
Speculating about billions of $ is quite positive but while we would speculate a shorter time, we should expect a range closer to the ATH. So I don't either speculate about million $ now but a closer range while I am optimistic that millions $ is possible. Maybe after achieving it we can hope further higher price.
Not sure if you're talking about $1 million or $1 billion, but I think the days of getting rich quick with bitcoin are over.
Bitcoin still has growth potential but we need to be realistic that it is not small anymore. It can no longer grow exponentially and make us rich in a short time with modest capital.
Bitcoin has the potential to reach $1 million but that would probably take decades or more, let alone the $1 billion target, which sounds like a pipe dream.
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