I would say 1 million by 2030 is a big risk, and not really that easy. We should realize things aren't as easy as we seen them and we are over reacting to it at the moment. Sure we are seeing this to be a huge deal because we want it to be going up, but not always it goes up and sometimes it goes down.
So 1 million isn't really a level that we can arrange at the moment and should not be too excited about it. I am not saying it won't happen, of course it may happen, but it is not going to be quick.
So just hold it of course, because you will profit, even if it will be only half a million dollars, we would be profiting more than right now. Still, it is better than no profit, so hold, but do not expect 1 million to be a sure thing.
Agreed, people are really overreacting and being a bit overly optimistic. It seems that people either do not understand or are deliberately not understanding what these numbers mean. For bitcoin to hit $1 million we would need $21 trillion, and I wonder where we will get that money in the next 5 years.
There are only 5 months left in the year and that means another cycle is coming to an end, and if we look at the peak of the previous cycle, we haven't even reached doubling growth yet. So how can we grow 8x in the next 5 years?
Bitcoin will hit $1 million, but for me, it won't happen in this decade or the next.