Ninjastic
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Re: Will BTC hit 1M ?
by
beerlover
on 28/03/2024, 14:48:03 UTC
Quote from: EarnOnVictor on March 27, 2024, 02:26:33 PM
Quote from: ItsaWhale on February 19, 2024, 03:24:58 PM
Most of people want microwave results and most of them are not patient
It is Clear that bitcoin will be the only Currency for payments
Like there will be no Cash or VISA

You can clearly see here on Bitcoin Rainbow Chart https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/
That soon will hit 100k EZ and to 1M on Future

Be a Smart and Wise person Invest an amount for your Children Future on a Cold Wallet and never move those coins till your kids finish High school
So like 15-20 Years from now !
Hahaha...That day Bitcoin will hit $1M, the whole world will be shaking... Smiley A single asset hitting $1M? Well, I don't see that coming, but perhaps, it will be the time that Bitcoin is compressed just like Gold to avoid it causing issues for the world. I can only imagine how many cheap billionaires would be easily produced and how that could cause global inflation at the same time. People look at this in the common man's view and not the professional/economic view, and I wonder how it would be so convenient at that time.

However, regulation of the crypto space has started but has not eaten deep into it, maybe some action will also be taking in that regard since it will look so much like an abomination by then. I expect a lot of surprises regarding Bitcoin in the future, let's just all wait and see. But people should not be talking as if they have a time travel machine which already made them know exactly what would happen.
I mean it's all about marketcap, and not about the price. When bitcoin reaches 1 million dollars per bitcoin, which isn't really "that" far away, that would mean that we are going to have 20 trillion dollars market cap give or take. I am not saying it's going to happen soon, but I wouldn't say that is impossible neither.

After all, many believed that we would be 1 trillion dollars neither, but look at where we are right now. That would be a lot, and it would be higher than most assets in the world right now, but who says it has to be right now? We could see it happen in 10-20 years? That means that things will go up, so 20 trillion dollar market cap may not look like a big deal by that time, that should be a possibility.