Yeah, we're always optimistic that Bitcoin can reach what's expected... with $1 million being quite realistic within the next 10 years.
What makes you believe that bitcoin price can reach $1 million in the next 10 years? While recent data suggests the chances of that happening are very low.
Looking back at history, bitcoin's market cap surpassed $1 trillion in 2021 when the price hit $69k, but it's been 4 years and bitcoin's current market cap is just $2.4 trillion. That means it took 4 years to double its capitalization, which also caused its capitalization to swell significantly. That also means we would need a lot more money for bitcoin's market capitalization to double from its current level. I wonder where we will get another $19 trillion in the next 10 years to take bitcoin to $1 million?
Yes Bitcoin has the potential to reach 1 million but I think it will take 30-40 years to get there, it won't be easy to get there in the next decade.