In an live interview with Yahoo Finance Coindesk Editor has boldly claimed that bitcoin will be hitting $1 million dollar per one bitcoin, and given the current market trends how realistic do you feel his statements is?. Also if you believe there’s a huge possibility of this being true, then what time frame would you speculate about seeing Bitcoin prices crossing this huge milestone.
Source:
https://finance.yahoo.com/video/believe-estimates-bitcoin-eventually-hit-201346367.htmlBased on this article, I could remember the old days while bitcoin still at 10k each. Many speculated about $1m per btc, but what happened was $20k surpassed until $60k. Because of unpredictability, bitcoin has reached that value unexpectedly. Not matter how crucial the price fluctuations is, don't even give up and stay strong with your decisions to hold until such time $1m will become reality.
I am among those who believe Bitcoin in the next 10 years will reach a price of $ 1M, so I continue to collect as much Bitcoin as possible starting
from now. Because who knows Bitcoin can reach the price of $ 1M sooner than many people predict, then I'm ready for that to happen.
To reach a price of $ 60k this year is relatively fast in my opinion, because Bitcoin price movements are very difficult to predict. So I suggest
we collect as much Bitcoin as possible, so don't be in a rush to sell the Bitcoin that we have. Because it will be regrettable if Bitcoin finally reaches
the price of $ 1M but we don't have that much Bitcoin.
Collecting every satoshi that you can while waiting for that huge value, a good strategy if you are doing it using
your spare money and time, if you can keep it and you don't have any plans to use it for sure you'll see the results
that's very profitable for you, law of supply and demand will make this things to happened, keep your asset as your
personal savings along the way.
Although we do not know when the bitcoin price will reach $1M, we need to make more and more bitcoin before it is too late to do that because if the bitcoin price starts increasing, we will hard to do that.
I also believe that the bitcoin price will be at more than the price now and will reach $1M in the future and who knows, that price will not take too long to be reached so we can make a big profit from bitcoin.
I agree with what @Shasha80 said that we need to collect as much bitcoin as possible so we are ready to sell bitcoin at a high price.