Quote from: Smack That Ace on August 12, 2025, 10:08:51 AM

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.

Well, I think it's going to be much earlier than 30-40 years for BTC to reach $1m. Especially when Trump's actions are causing a decline in USD's value. Erratic trade policies and the politization of the FED (in addition to massive rate cuts), will make the USD weaker in the long run. This translates into "higher" market prices for Bitcoin. You'd think BTC is getting stronger, but in reality, it's the USD that it's getting weaker.

Many institutional firms are buying BTC like crazy, so we should expect a supply shock to happen sooner or later (demand outpaces the number of newly-minted BTC by miners). It would probably take 5-10 years before BTC hits $1m. Maybe even sooner. We'll never know for sure. Just keep buying and "hodling" BTC no matter what.