Today, while watching the predictions of various big businessmen about Bitcoin, one thing occurred to me - the price of Bitcoin will be one million, but before I thought it was a matter of time, but my research says that it is possible to have 2 million within two years not one million, and it is really possible.
In one
speculation and
theory yes it is possible
to say, even reaching $10 million in the next month is possible
to say actually it is easy to say, but in reality check? It is quite the opposite. If we look at the price history and how the cycle transition from bearish to bullish and back to bearish shows that this year would be the peak of the bullish run of Bitcoin. After Bitcoin reach its peak it will transition to bearish where the transition is possible to happen in the end of the year or next year.
This pattern of BTC conflicts your speculation of Bitcoin reaching $2 million in the next two year and probably Bitcoin will be 50% cheaper by then.
According to the international media or business magazine Forbes, there are a total of more than 3,000 billionaires in the list of The World’s Billionaires 2025 around the world. According to this report, the combined wealth of these billionaires is about $16.1 trillion. If only 100 people buy 90% of the total circulation, then its price can be 2 million. Total supply Bitcoin = 21,00,000 and total 90% of circulation = 18,900,000 BTC
Assuming these Billionaires do buy aggressively, then Bitcoin price maybe go way beyond the $2 million. Remember in every demand the supply react. People will tend to increase their price when they see that there is a FOMO happening in the market.
Let's say,
1. Is it possible, 100 (or a certain number) billionaires buy 90% of the total circulation?
Everything is possible, but it is highly unlikely because some of these Billionaire, maybe, is anti Bitcoin.
Will Bitcoin be able to maintain its decentralized position? Or will it be played by a small number of people like current fiat currencies?
These billionaires are just buy do they? And they are not buying the authority to code and modify BTC, yes? So Bitcoin will stay decentralized, but the market, yes they will be played by a small number of people since they have the money and the BTC (assuming they accumulated 90% of the supply) to manipulate the market.