Who knows, nothing, if that's what you ask, maybe if you see the speculation that is currently there, whether here or outside/internet/google you will see the price of Bitcoin for $ 1 million will occur this year, even more excited Speculation says later this month, but thatall speculation.
You're right no one knows for sure what the future holds for Bitcoin's price but the reason people are speculating about a $1 million price tag is to gauge the market's long term sentiment it's a way to see if the majority of people are bullish on Bitcoin's future prospects or not.
By looking at different people's opinions and knowledge we can gain a more realistic understanding of the market's dynamics it's not just about hoping for a quick windfall but about understanding the underlying factors that could drive the price up or down.
You need to know that everyone or Bitcoin users needed 16 years to wait for the Bitcoin price to reach the $104k level it is today, it doesn't happen in a period of one month or one year it takes 16 years for that, try to predict and speculate for yourself for $1 million, how many years will it take for Bitcoin.
16 years is a long time and it's crazy to think that the price of Bitcoin has reached $109k. It's natural to wonder how long it'll take to reach $1 million.
But here's the thing: Bitcoin is still a relatively new technology and it's evolved a lot over the past 16 years. In fact, when it first came out there was no governments support no regulation no large institutional investors and a lot of experimenting going on a lot of heaters and mistakes happend too and yet here we are today.
Bitcoin's growth trajectory is unlike anything we've seen before and its history is still being written. What’s even more remarkable is that the pace of change has accelerated exponentially over the past couple of years if we compare it to the early days it's like night and day. The support from governments and regulations along with adoption by institutional investors and the development of use cases has evolved at an unprecedented rate. The last couple of years have seen more significant developments than the entire first decade of Bitcoin's existence. Therefore, it is more effective to compare these periods in terms of cycles or based on halving events.
So how long will it take Bitcoin to reach $1 million? Who knows? But one thing is for sure it's not going to be a quick or easy predictable process
You shouldn't speculate too high on one Bitcoin price, maybe you first speculate between $200k or $300k, maybe we can understand that.
You're right it's always good to set realistic goals and focus on the next achievable target and that target could be around $200k to $300k as you said but if we're looking at the bigger picture and wanting to see what the long term expectations are then going all the way to $1 million might be a more interesting conversation.