Post
Topic
Board Speculation
Re: I'm curious about your thoughts on when Bitcoin might hit $1,000,000
by
Zaguru12
on 07/04/2024, 21:59:54 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.

It’s your prediction and certainly everybody’s prediction is always right until reality sets in. But I will have to disagree with your prediction because to me with the way bitcoin price and adoption rate is increasing and the FOMO around each halving to always causes bullish period and then taking out the ATH it will reach out to that price but when will that happen is something that is still like a misery. If you ask me I will say Franky prediction to me is the most likely outcome because we all know how the volatility rate of bitcoin is decreasing. It could come after the 2037 if many investors decide to hoard their bitcoin more but that won’t stop it from hitting that amount except they demand for bitcoin does