Will Bitcoin Really Reach $1 Million?

[TomPluz]

In the past, there had been many well-known and unknown personalities who got into the habit of predicting that in some years Bitcoin can be so valuable and possibly will be a million dollar. Now, of course, it is hard to just believe claims as we do not know the future to be exact and Bitcoin remains to be a volatile asset which still has to be officially accepted as a global currency.

Do you still believe that BTC can be able to one day reach the million dollar mark? Will it be 10 years or 20 years from now?

[shadowdio]

reaching 1 million price seems impossible, imagine how much fee could be, for sure it's a hundred or thousand dollar fee and people will not using bitcoin anymore then it will follows the dump price.

[Altcoin1998$]

Where you get this kind of impossible information? J don't believe this because many people assume that bitcoin will be hit $1 million in running year. But is it quite possible??? Which formulas can it be calculated, just a nun and bull story.

[comer]

If I base on the market movement in the past and the current situation of the market plus the awareness of the society with regards to Bitcoin. I would think that it is very impossible to reach that level even after 10 or 20 more years it's quite impossible to reach that level. The prediction is just to create hype among traders and investors to force the price to move upward..

[alltalk]

I agree that it is not impossible for Bitcoin to have a higher price but to reach $1 Million is quite hard to believe. Especially if we look at the current price, it is only around $9,000. I still cannot imagine in what way the price of Bitcoin can surge to $1 Million. It won't jump or surge suddenly, there should be a strong reason that Bitcoin price to increase. So, as far as I see, there is no reason for Bitcoin to increase at a crazy rate, around $1 Milion.

[Cryptoz]

I doubt if Bitcoin can reach $1 Million, the number is too high. let's think more realistic hope, like expect the price of around $20,000 in the next years. I think it is impossible to reach $1 Million, I don't see the chance for Bitcoin to move greatly to $1 Milion in the next few years. No chance without big news! 

[UNIVERSE]

If we are talking about 20 years later, I really can't predict it because it is too far. However, it may be able to reach that amount. But, talking about now or even 3 years later, I only think that BTC can reach $15 is a very good to increase. Now, the price of BTC is stagnant and down enough even after bitcoin halving

[TomPluz]

I doubt if Bitcoin can reach $1 Million, the number is too high. let's think more realistic hope, like expect the price of around $20,000 in the next years. I think it is impossible to reach $1 Million, I don't see the chance for Bitcoin to move greatly to $1 Milion in the next few years. No chance without big news! 

Well, I do not wonder anymore why John McAfee withdrawn his popular 1 Million and the dick prediction because maybe he realized that actually he was just joking. Maybe 50 years from now, this can be possible but at that time BTC can be gone. Or we are all gone.

[Michael.sol]

1 MILLION USD per Bitcoin , I didn't think that this is possible , According to my point of view this is possible only when all Bitcoin is minned and then it's demand is increased day by Day and Bitcoin touch a good value Day by day.

[Octoalts]

1 BTC = $1,000,000 ? This is like magic, even though actually in Cryptocurrency anything can happen but this is impossible.
Do not imagine too high, to return to reach $20,000, Bitcoin is still unable, even though it has been three years since Bitcoin reached the highest price.

[mlawson71]

One million just sounds entirely improbable to me, but who knows, weirder things have happened.

[wahyudi]

No, it will not reach $1,000,000 per coin simply because (assuming all Bitcoin was mined) that would imply the total value of all coins would be about 21 trillion dollars.

[trauchot]

This is impossible, because every day more and more people invest in Bitcoin and hold Bitcoin, and if Bitcoin will reach such price, everyone would become millionaires and billionaires, but whales not want this, so we can only dream about this price.

[vegasus]

Why the prediction of the Bitcoin price is so far away to reach? As we know, today's price on the market only hits around $9300. It is so difficult to reach $10k. How is it about reaching $1M? I think that it needs a long time to reach that amount. Whatever the price, we can really hope that BTC will always have reached a higher price again

[Cryptoz]

~Maybe 50 years from now, this can be possible but at that time BTC can be gone. Or we are all gone.

Yeah, you are right. Maybe it takes 50 years and even more if the Bitcoin still exists. Yep, that means almost no chance for the Bitcoin to reach $1 Million. Even it still exists in the next 50 years, there is no guarantee that Bitcoin can reach $1 Million. It is a big amount of money that is far away from the current price of Bitcoin.