Post
Topic
Board Economics
Re: Do you still believe Bitcoin can reach $1M? Why or why not?
by
Swordsoffreedom
on 04/08/2025, 13:42:23 UTC

yes of course. bitcoin has grown from less than a cent to $100k why cant it hit $1m? bitcoin just need to grow by approximately 10x  to hit $1m and of course in the nearest future it will surely be achieved.


If I remember correctly, the price of bitcoin in 2009 was $0.00099 and compared to the ATH of $123k, that means bitcoin has increased 124 million times in the last 16 years. But on the other hand, it took bitcoin 16 years to reach a market capitalization of $2 trillion and for bitcoin to reach $1 million, bitcoin capitalization would need to reach $21 trillion.


Based on market cap, how long will it take for bitcoin to reach $1 million? I don't think it can reach $21 trillion in just a few years or in the near future like you said.


We are talking about 21 trillion dollars not 21 billion but it seems many people do not understand what these numbers mean.