Post
Topic
Board Speculation
Re: I'm curious about your thoughts on when Bitcoin might hit $1,000,000
by
tertius993
on 03/04/2024, 14:37:00 UTC
rational thought
never exaggerate expectations then feel sad when things didnt meet expectations
instead lower expectations to rational amounts then celebrate things exceeding expectations

2x-3x per cycle (sorry folks we are no longer in the 100x days of 2011)
(last cycle $20k ATH - $70k ATH = 3.5x as a guide of expectation, with things slowing down to a 2x going forward)

so 2025 = $140k(2x)-$210k(3x) rational expectation
so 2029 = $280k(2x)-$630k(3x) rational expectation
so 2033 = $560k(2x)-$1.89m(3x) rational expectation
so 2037 = $1.2m(2x)-$5.67m(3x) rational expectation


I think those are very bullish.

More likely to stabilise at around 1.0-1.2x growth in each cycle.

My prediction, it will never hit $1M.