Will bitcoin be worth 1M in 2030?

[Lucius]

I understand that many dream of becoming millionaires, but I think they really expect too much from Bitcoin in such a short period of time. If in 15 years the price of 1 BTC did not even reach $100k, how will it reach $1 million in the next 6 years?

Does anyone account for inflation in that period and what will actually be able to buy with $1 million in 2030?

[Gurujebs]

Bitcoin prediction is that it could grow up to 1.48M by 2030. is this possible for you? Bitcoin has come a long way since it was first listed. In January 2024 it was worth $42,000, so it is not impossible for bitcoin to reach one million.

We have one problem with numbers and that's we called numbers anyhow, we don't value them that much. $100k is s big number, we have to make that resistance and turn it to a support before we can start to talk of other price ahead and it's not like it is going to be easy, there is going to be a lot of high pressure or dumping of bitcoin from holders when we attained such price.

You see, we have a lot Bitcoin holders that are all silent now, a lot of them are waiting for a big move so they can offload what they are holding and then suffocate the price to dump to lowest of the lowest so they can buy again and start the bullish trend again, it has always been like that and that's how the elite continue to make money from Bitcoin. So when they are calling for big price, try and be selling some of your bags.

[SamReomo]

I don't think that Bitcoin could possibly reach $1M by 2030 but I expect Bitcoin to reach that value within 15 years. I guess 6 years is not going to make Bitcoin to reach $1M because market is not ready for that I believe. I think Bitcoin could possibly reach $500k by 2030.

[Don Pedro Dinero]

I think it will either not reach 1 million by 2030 or if it does it will be because we will have had too high inflation in the US in these years, in the order of 10% or more, which I think is unlikely, so I'm leaning towards the former. If inflation stays around 5 per cent on average at best I would wait until at least the mid-30s to reach that figure.

Although I hope I am wrong on the downside.

[Bitcoinsummoner]

I don't think that Bitcoin could possibly reach $1M by 2030 but I expect Bitcoin to reach that value within 15 years. I guess 6 years is not going to make Bitcoin to reach $1M because market is not ready for that I believe. I think Bitcoin could possibly reach $500k by 2030.

Agree with you. Yes, 15 years is not enough time to pump $1M. To reach this figure, Bitcoin needs time. Reading the market value, the market isn't ready to reach the targeted figure. I don't know about your prophecy for Bitcoin $500K. I don't know how you analyze this value amount.

[yohananaomi]

I don't think that Bitcoin could possibly reach $1M by 2030 but I expect Bitcoin to reach that value within 15 years. I guess 6 years is not going to make Bitcoin to reach $1M because market is not ready for that I believe. I think Bitcoin could possibly reach $500k by 2030.

Agree with you. Yes, 15 years is not enough time to pump $1M. To reach this figure, Bitcoin needs time. Reading the market value, the market isn't ready to reach the targeted figure. I don't know about your prophecy for Bitcoin $500K. I don't know how you analyze this value amount.

I also think it's too close in time to achieving what we want, because if we calculate that every 4 years it always happens 2–5 times the previous ATH and, where the last ATH was at $68K, of course, it needs a fairly halving and the time is only 3x halving which will be for a period of 15 years.
If there might be a surprise, I agree that it will probably only reach $500K and not more, it will still take a long time to reach $1M, although there are always possibilities that occur and are difficult to predict.
What we are thinking about is what the ATH is in 2025?

[Fivestar4everMVP]

Bitcoin prediction is that it could grow up to 1.48M by 2030. is this possible for you? Bitcoin has come a long way since it was first listed. In January 2024 it was worth $42,000, so it is not impossible for bitcoin to reach one million.

Lol, well, I honestly have not gone through other users comment here to know what they think about this, but personally, I think 1 million dollars for bitcoin by 2030 is pure exaggerationn. Now, don't misunderstand me, I am not saying this is not possible at all, all I wanna point out is the fact that 2030 is just 6 years away from 2024, and the current price of bitcoin is right now around $56,000. It's not $560,000 but $56,000, 6 years space from now is rather too short a time or period, for bitcoin to reach such an exorbitant amount of $1 million dollars.

If bitcoin (for what ever reason) will ever reach a million dollars, then we should be looking at from 25 to 40 years from now, bitcoin reaching the price of $1 million dollars by 2030 (6 years from now) is practically and technically impossible, except nby miracle, which I also will be happy about anyway.

[Stompix]

I think it will either not reach 1 million by 2030 or if it does it will be because we will have had too high inflation in the US in these years, in the order of 10% or more, which I think is unlikely, so I'm leaning towards the former. If inflation stays around 5 per cent on average at best I would wait until at least the mid-30s to reach that figure.

Since you say 10% till 2030 might get us a 1$mil per coin, does that mean that even with zero inflation you see Bitcoin at $600k by 2030?
Cause even that 10% compounding inflation would only be a ~75% and for sure we can scratch 2024 from the list.
Not even mentioning that even as we speak this $58k is not the same as 58k as it was back in 2009.

Does anyone account for inflation in that period and what will actually be able to buy with $1 million in 2030?

The more interesting this is that not that many realizes that if Bitcoin goes magically to even 300k next year for example in order for all those investors to take profits and the price being the same it will on its own trigger one hell of an inflation, imagine out of nowhere people have 2-3 trillions to spend!

[Papusha20]

The more predictions you make about the future of Bitcoin, the better it is. Bitcoin halving came in 2020, and this halving bitcoin price touched 69 in 2021. Now currently the price of Bitcoin in 2024 is 64k dollars, so the price of Bitcoin in 2025 will definitely improve to touch one hundred thousand dollars and the next two halvings will take place. If the two halvings are held in 2028 and 2032, I think it is natural that the price of Bitcoin will be one million dollars after 2030. If you look at the past halvings, the three halvings in 2012, 2016, and 2020 have seen Bitcoin price rise to its highest levels. So every time this cycle occurs in four years, the price of Bitcoin will increase. This halving is held to increase the price of Bitcoin, so rest assured that the price of Bitcoin will improve as soon as the halving comes.

[taufik123]

-snip-
The more interesting this is that not that many realizes that if Bitcoin goes magically to even 300k next year for example in order for all those investors to take profits and the price being the same it will on its own trigger one hell of an inflation, imagine out of nowhere people have 2-3 trillions to spend!

$300k is a huge price if it did magically happen, it would create many new millionaires who would have a multimillion-dollar Portfolio amount.
Inflation is imminent and it will have a big effect.

Quite wild reason, but nothing is impossible in crypto, even overnight Bitcoin can collapse instantly without any news.
I personally just waited for Bitcoin to reach $100k and that's a target that needs to be achieved personally.

[Crwth]

With the power law and some famous theories, it seems like it could go to $1M if we want to just hold and sell only if it's that minimum price. I think a lot of people are not selling now. If we want to see how much it could change, maybe we see a summary of checking the number of sellers in the world and see the approaching the ATH and the ATH itself to see how much people are selling.

[TopT3ns]

I don't think that Bitcoin could possibly reach $1M by 2030 but I expect Bitcoin to reach that value within 15 years. I guess 6 years is not going to make Bitcoin to reach $1M because market is not ready for that I believe. I think Bitcoin could possibly reach $500k by 2030.

2030 is still a very long year to go, currently it is still 2024, you and me don't even know whether the internet will still exist in two years or five years, currently technological developments are increasingly advanced but there are also many wars between countries. preach, imagine if all big countries used nuclear as the main weapon of war then the internet would go out so that not everyone could access Bitcoin and go back to the stone age again.

[pacar_tiri]

With the power law and some famous theories, it seems like it could go to $1M if we want to just hold and sell only if it's that minimum price. I think a lot of people are not selling now. If we want to see how much it could change, maybe we see a summary of checking the number of sellers in the world and see the approaching the ATH and the ATH itself to see how much people are selling.

The price of $1 million will of course be reached when miners can no longer get Bitcoin because so far the supply of Bitcoin has run out and there is the possibility of always increasing the price from year to year, you just need to keep buying Bitcoin so that the supply on the blockchain will run out and make the price soar high according to your expectations.

[yohananaomi]

With the power law and some famous theories, it seems like it could go to $1M if we want to just hold and sell only if it's that minimum price. I think a lot of people are not selling now. If we want to see how much it could change, maybe we see a summary of checking the number of sellers in the world and see the approaching the ATH and the ATH itself to see how much people are selling.

The price of $1 million will of course be reached when miners can no longer get Bitcoin because so far the supply of Bitcoin has run out and there is the possibility of always increasing the price from year to year, you just need to keep buying Bitcoin so that the supply on the blockchain will run out and make the price soar high according to your expectations.

It is still too far to achieve that and there is always an unexpected possibility before achievement occurs.
I agree, if mining can no longer produce and demand in trading is very high and supplies are limited, this will result in prices rising highly. The economic law is "demand is more than supply", so prices are automatically uncontrolled according to the highest demand that gets.
It's still too far away for it to happen, it's better to focus on the upcoming halving. Of course, it's more likely.

[arabspaceship123]

$1M's a dream price so I'm waiting for $70k because it's achievable. It's price settled under $65k for a while but if it starts heading positive again it's going to beat $70k.