What is the likelyhood bitcoin will reach 1 million dollars

In order for the Bitcoin network to release more Bitcoin as well as write new transactions to the Bitcoin blockchain, encryption functions must constantly be solved. Influencers and the Media. Have a look at these challenges:.

The Method Behind The Madness

But is that true? Is it even possible? As the proverbial experts debate the future of money and the real value of digital assets, there is a genuine business case to be explored. And even if I did, I would like to caution that the market is going to do what the market is going to. In order for there to be a 1 million dollar Bitcoin, we must consider the forces that are currently in play and as well as differentiate between price of Bitcoin and its perceived value. These are inherently not the .

Scenario for a $1 Million Bitcoin

At what price and at what market capitalisation Bitcoin will be a true currency substitute? There are a number of forecasts that see the Bitcoin at 1 million and more. I tried to analyze this value from a purely macro-economic perspective. And by now I come to the same result of USD 1 million. Rather the value of the Bitcoin will be even higher, because many Bitcoins are already lost.

When Bitcoin Retail Adoption?

Moreover, BTC would become equal to Bitcoin is currently a sexy asset to talk about and trade. Short of your computer getting hacked or you personally being held captive until you give up your private keys to your Bitcoin, no authority can technically take your Bitcoin from you. The process requires bitcoin demand to be either stable or higher than what it is today. Recently Viewed Your list is. What if the prediction goes wrong? This participation can be at the micro-retail participant to the larger Bitcoin Whale or financial institution. View photos. And in the nearly 9 years that Bitcoin has been existence, it has managed to create a number of stakeholders, each of which have their own individual rationales for participating. Bitcoin is going to be worth a million dollar. Believe it or not, Bitcoin still remains on track to prove its most bullish proponents right about its long-term value. Nick Chong 2 hours ago.