Re: 1 Bitcoin = $1,000,000

One million dollars may or may not happen. There are too many factors to consider, not the least is the number of viable alternatives. However, those who think it's a fantasy for btc to reach $10,000 are being unrealistic. We would only need a $100 Billion market cap to get close to that number. If history is any indication, btc could potentially achieve that in 5 years or less, depending (once again) on a multitude of factors. But it's very possible and one might even say quite probable. Btc went from a penny to $450+ in 6 years. That's an enormous increase

it went from $12 to $1244 in 11 months before

$10,000 could easily be reached early 2017.

$1,000,000 will obviously take a while longer, but we could see it as early as 2020.

The stable price before the big pump was around $120 in June or July. So that is about 10 times increase.

in January that same year they were only at $12 so like i said, 100 times increase in 11 months.

Even after the massive 'collapse' they never came anywhere near $12 again, (or even $120 for that matter).

The same could (and in my opinion is likely) happen again.

It could be that by 2017 the price will be nearly 100 times the current price (so $40000~50000) for a short while and that after the dip it will still never even touch anywhere near $4000 at the bottom. And it will likely stay above $10k most of the time.