Quote from: fuguebtc on February 26, 2024, 10:09:19 AM

Quote from: kotajikikox on February 26, 2024, 03:50:16 AM

Quote from: samcrypto on February 25, 2024, 09:58:44 PM

Quote from: Nrcewker on February 22, 2024, 12:30:51 PM

It will definitely hit 1M, but yes we just don’t know when. It can happen in 1 year or 10 years also. Everything depends on the demand raised by the people to accumulate the coin. Few years back no one thought Bitcoins will cross 1000$, but currently Bitcoins have become the most valuable digital asset. So we just need to keep calm and show faith in the coin. Just accumulate and hold it for few years. Definitely you will see the profits.

Not just about the demand but also depends on the government regulation and I think it will be hard for Bitcoin to reach that level if the government still not accepting it as a legal tender. Well, I’m also positive about the Bitcoin price and I think it can happen in 10 years or more as we are still dealing with so many challenges today, but soon if there’s a limited supply already with Bitcoin, that $1M ceiling price can surely be hit.

Indeed mate that it will be harder fpr bitcoin in increase its value in short time because Government is the main ingredients here for this great currency reaches 7 figures but before that lets look for 6 digits first in which soon to happen at least next year if not happens now.

Bitcoin rose from under $1 to $69k without any approval or legal tender from the government. So on what basis do you think that whether bitcoin reaches 1 million USD or not depends on the government? Governments are indeed the biggest barrier slowing the spread of bitcoin, but they are not the main factor or catalyst that helps bitcoin value increase. Bitcoin once rose to $69k from zero without the government, it will be able to do it again to reach $1 million without government help. If bitcoin receives support from the government, it will help bitcoin reach $1 million faster, but if not, bitcoin reaching $1 million will still happen over time.

because if the government will kick their policy against Bitcoin then for sure that will hinder bitcoin in reaching a million dollars .
yeah you are correct because bitcoin grows without complete support from each government but remember because those government did not run against bitcoin but if they will go together then that will be the reason why bitcoin may not hit that million.