Sounds kinda wild, right?
Not so wild nowadays.
But do you think there's any chance this could happen in the next 5 years? Or is this just one of those crypto fairy tales we keep telling ourselves to sleep better at night?
I wouldn't say there is a huge chance but it is definitely within the realm of possibilities. Only if this cycle's high is 3.5x the previous one and the next one is 3.5x the previous one, the price would reach 1 million. These multipliers are not crazy given the history of the bitcoin price, but it is true that the higher the market cap, the harder it is to move the price. However, with all the institutions that are buying and if the states join in, it is definitely possible.