Given its up 10x since 2020, why wouldn't it reaches $1m in 5 years, only 6x than it is now.
your thoughts?
https://files.ozbargain.com.au/upload/476873/122140/screensh…
Will Bitcoin Reaches A$1m in 2030?
Comments
Yes, for sure! And you can trust me, I'm a librarian.
Fartcoin is the future.
So the market cap of bitcoin would be $23 trillion dollars at that point. Or, close to the entire GDP of the USA in 2025.
Anything is possible I suppose, but, why? Why should it be worth this much? Because other people are going to keep buying it? Okay, but you'd better not hang around when lots of people want to cash out. Bitcoin has had multiple 80%+ falls in its history.
A few years ago my employer asked me what the value of bitcoin is going to be. I gave him the only sensible answer:
"I don't know"
If I said it'll rise, and it crashed instead, he'd be mad at me for 'making' him lose money.
If I said it'll fall, but it rose instead, he would be equally mad for denying him the money he thinks he deserves.In short, no one knows. If they say they know, they're either lying or trying to sell you something.
Bitcoin and all other cryptocurrencies are just massive Ponzi schemes. The sucker money will dry up eventually and the whales and sharks will be the only ones left in the pool and it will eventually crash.
Just as quickly it could go to $1 mill, it could crash back to $1l
too bad you indirectly invested in it too so you are part of it
Oh, I’m directly invested in it. While there are idiots willing to throw money at it, I’m happy to let them. My bitcoin portfolio is up 60% thanks to the idiots.
As for “indirectly”, I guess everyone is. You don’t really get a choice in the matter unless you keep your money stuffed in your mattress.
apologies I thought you were a hater
@Poor Ass: calling people "haters" is exactly the mentality behind this sort of crypto BS.
It's not an investment. It's speculation. There's no value being provided by this crap, there never was.
@coffeeinmyveins: Please tell me what the value of paper/plastic money is, apart from the paper/plastic itself
Who knows?
There is no inherit value and its only use is speculation.
It will either keep going up as people keep believing in it and feeding money into it, or it will tank when people get sick of it.
what is the inherit value of paper/plastic $100 bill and how does it differ to a $5 bill?
its Leiothrix who doesn't seem to know
Market cap.
guy who said he will eay his dick when BTC hits 10,000 died in the jail. becareful what you wish for.
Was that before or after he…
Must have been a spotted dick.
RIP McAfee
Thanks for the top signal
Have a look at https://bitcoindeaths.com/
What is Bitcoin Is Dead?
Bitcoin Is Dead has the most comprehensive and up-to-date database of bitcoin obituaries. It tracks and explores every instance where Bitcoin has been declared 'dead' by 'experts' and the media. Every single obituary displayed in the chart and timeline is manually curated and added to ensure accuracy.Many fools will stay in denial their whole lives.
Most fools would say they are too late and missed.
There was a forum post by techlead a while ago and the comments are full of these clowns who don't know shit have never used Bitcoin and think Bitcoin and crypto are same. HFSP
You are not wrong! A lot of people have been in denial since the early days and despite all that, BTC is currently trading at $150k (AUD).
150k, 168k… Close enough
Maybe I'm a fool to miss out, but if I don't see value in something I don't invest in it. There has been plenty of money made in things I won't touch, I might be a fool but I stand by my decisions.
But you have to admit, you'd have been heavy on tulips back in the day, no?
Maybe I'm a fool to miss out, but if I don't see value in something I don't invest in it.
Absolutely. I got into crypto the same way I buy lottery tickets. You need to be prepared to lose everything, like we do in the lottery. I have to admit that my lotto hasn't paid off but Crypto has - again, I only put in what I was prepared (not happy - as no one is happy to lose money) to lose without impacting my finanical ability.
Have you actually read up on what actually happened during tulip mania or are you just parroting the same tired cliche.
The bubble was caused by speculation on futures contracts, it had little to do with the actual tulip bulbs they were based on. Tulip mania has become a meme for people to criticise things they don't understand thinking it makes them look smarter than they are.
study the power of the dollar and lets talk about value and tulips
Every increase in order of magnitude it's the same conversation.
Like clockwork.
Say Rektrading 3x in a mirror and you will get the answer.
I was trying to see if they resurface. I guess Rektrading sunk with FTX, Celcius LOL
As long as people can use it to buy drugs and csam I think bitcoin will be a smart investment for many a morally dubious prevaricator!
Can I give my thoughts on the title of your post?
FTFY
Can I gives my thoughts on the titles of yours post
I'm Triggered
This has gotta be some kind of -ism /s
What ever did happen to Rektrading
He is retired, last I heard he was still in Hong Kong.
fiat is crashing and there is no alternative solution to "money"
i don't see anyone using real estate or gold as money any time soontechnically the 4 year bull cycle is about to end so will take longer than 5 years
I bought Bitcoin at $25k in 2017 and it dumped to $4500 in 2018. I bought Bitcoin at $80k in 2021 and it dumped to $24k in 2022. I think I should buy it now at $170k so it dumps to $50k in 2026. Because that's how I roll. Bitcoin WILL reach $1 million but not within the next 20 years, it will be a rocky road of severe crashes and years of sideways action after $300k as the amount of money required to increase it's price will be astronomical.
Ouch, how much did you lose overall?
They hodl didn't sell
Oops, I read it as they sold out.
I wonder did they sell any?
top fomo buyer
yes but never sell :-)
I am surprised with how many times crypto has been mentioned that most people on OzBargain still do not have any.
Then again maybe they should have any because there are still people that do not take their cybersecurity seriously given what I have read in the computing section of this forum.
The figure is 1 in 3 Australians hold or have held crypto. I suspect the holding figure is actually much higher given many people do not want to report. The good old, "lost my crypto in a boating accident" meme for various reasons, e.g. succession, family law, taxation, bankruptcy and so on.
As to where the prices are headed? Who really knows, but we can have corrections up to 80% from what I have experienced in the past.
Because we don't live in a shit country, we don't want to be our own bank, it gives anxiety and stress. People that live in shit countries and have no trust in their Gov love Bitcoin, problem is these shit countries are usually poor so they don't move the price needle.
United States is approximately $36.21 trillion in debt, so which is the shit and poor countries?
The countries where they act like they are a Super Power when the masses still sh*t on the streets and not have clean running water.
@Dollar Dreamer: During covid it became one.
EDIT and the shitting in the streets continues
https://www.youtube.com/watch?v=27XZdwDCSao
Even bell bottom trousers were popular once.
It's a negative-sum game. Nothing of value is produced, and it barely has any utility.
Need more suckers to FOMO in to enrich the early holders (hence posts like this).
Actually it should be called FOMOcoin
paper/plastic money also has barely any value, just a single utility
Need more posts like yours throughout social and more negative news on Bitcoin on traditional media. I want to buy more and hold with dear life.
Pre-paid funerals.You heard it here first. Get on it.
BTC has already double topped like 2021. The dippening is coming and you'll probably be well placed to buy more in about 12 to 18 months from now.
100%. Please sell. Sell all. Short all. I need to buy more.
$1m is possible, but think it is slightly more possible of <$10k. the problem with btc despite its price it still has very limited real benefits or use cases, people only really hold it as a speculative asset not as a currency (or at least very few use it as a currency).
There does not need to be a use case. Just being rare is a use case. Eg. $50 million for an old junk Ferrari. Is it worth $50 million in sheet metal and engineering? Nope. But there is only 1 so $50 million. Thus Bitcoin's use case is that it is rare and not everyone will be able to buy a full Bitcoin 1 day. We are reaching the stage now past $100k USD where 90% of the world cannot buy a FULL Bitcoin.
As for 'use case and utility tokens / shitcoins', 99.7% of them will all eventually go to zero because in 15 years we haven't really found any mass utility for Crypto that cannot be done better the old fashioned / legacy centralised way for cheaper and better. Apart from the 'rarity use case' which is Bitcoin, there is really no other use case / utility for Crypto or else we would have found a use in 15 years where the price reflects actual demand and utility and they don't dump 80% in bear markets because actual utility holds their price. I can only think of BNB coin so 1 in 100 million shitcoins found actual utility based pricing. ETH has use case bro, ICO bro, DEFi bro, NFT's bro? NOPE, that is why it dumps 80 - 90% in a bear market, if it had real utility and user demand based then the prices would drop in a bear market but maybe only 20%.
It isn't rare in any real sense of the word, many things far rarer are not worth as much. There are 19 million in existence and that will grow to 21 million. It does bring a secondary problem that a significant portion of that 19 million are already lost and may never be recovered.
Yup, some figures estimate 4 million Bitcoins lost forever at this time. People dying without sharing their keys, losing the key, throwing computers away, etc. There isn't 21 million Bitcoin, I would say actual Bitcoin will be around half that when the last Bitcoin is mined. The rest lost forever. So the $1 million USD 'dream price' with an eventual circulation of only 10 million Bitcoin becomes somewhat plausible in the next 20 years.
use case for the internet back in the 70's-80s was email.
no body had imagined retail or social media back thenI agree. Cryptocurrencies are just the beginning of an era of blockchain-based applications. Web3 is only starting to evolve now, much like Web2 did in the late 1990s and early 2000s. Even today, there are practical use cases, such as low-cost money transfers or serving as a store of value. In Australia, this may not be as critical, but in less affluent countries, people can access stablecoins like USDT or USDC to mitigate the impact of their local currency's inflation, for example.
Groks summary about Web3
Stages of Web3 Evolution
Web1 (1980s–Early 2000s): The Static Web
The internet's first phase was read-only, with static websites delivering information (e.g., early HTML pages).Users consumed content; there was little interaction.
Centralized servers hosted content, controlled by webmasters or organizations.
Web2 (Mid-2000s–2020s): The Interactive Web
Web2 introduced dynamic, user-generated content and interactivity (e.g., social media, e-commerce platforms).Platforms like Google, Facebook, and Amazon dominated, centralizing data and monetizing user activity.
Issues emerged: data privacy concerns, platform monopolies, and lack of user control over personal data.
Web3 (2010s–Present): The Decentralized Web
Web3 began with blockchain technology, notably Bitcoin (2009), which introduced decentralized, trustless systems.Ethereum (2015) expanded this with smart contracts, enabling programmable, decentralized applications (dApps).
Core principles: decentralization, user sovereignty, and token-based economies.
Current state (2025): Web3 is in its early stages, akin to Web2 in the late 1990s. It’s evolving through:
Cryptocurrencies: Bitcoin, Ethereum, and stablecoins (e.g., USDT, USDC) for payments and value storage.DeFi (Decentralized Finance): Platforms like Uniswap or Aave for lending, borrowing, and trading without intermediaries.
NFTs: Digital ownership of assets (art, collectibles, virtual land).
DAOs: Decentralized autonomous organizations for community governance.
Identity and Data: Self-sovereign identity systems letting users control their data.
Key Drivers of Web3 Evolution
Blockchain Advancements: Faster, cheaper blockchains (e.g., Solana, Polygon) address scalability issues (e.g., Ethereum’s high gas fees).User Empowerment: Web3 prioritizes user control over data, privacy, and digital assets, countering Web2’s centralized model.
Tokenization: Tokens incentivize participation and align economic interests in decentralized networks.
Interoperability: Projects like Polkadot and Cosmos enable cross-chain communication, creating a cohesive Web3 ecosystem.
Regulatory Clarity: Evolving regulations (e.g., EU’s MiCA, 2024) provide frameworks, encouraging adoption.
Current Use Cases (2025)
Finance: DeFi platforms offer low-cost remittances (e.g., ~1% fees vs. 6–10% for traditional services like Western Union) and access to stablecoins in high-inflation regions (e.g., Argentina, where inflation hit 276% in 2024).Digital Ownership: NFTs enable verifiable ownership of digital and physical assets.
Gaming and Metaverse: Decentralized games (e.g., Axie Infinity) and virtual worlds (e.g., Decentraland) give players true ownership of in-game assets.
Social Media: Decentralized platforms (e.g., Lens Protocol) let users own their content and followers, unlike Twitter or Instagram.
@vasya: Thankyou, I kept this to read myself to sleep next time I have insomnia.
BTW you might want to search media what the latest opinion on AI is from Apple. (hint accuracy of information) (That won't mean much to interweb sheep, but to thinkers it's a precautionary reminder) (Just remember who's behind AI and what their motives are.)
@Protractor: Just wondering - what do you think is inaccurate in the web3 summary above? Any example?
@vasya: It could be spot on, but it's not a definitive appraisal.Just a summary come modelling possibility.
" Web3 is in its early stages, akin to Web2 in the late 1990s"So, 'an artificial opinion of a predicted outcome'
.Apart from that basic assumption, the way AI 'talks' does little to engage, let alone educate.Do you remember your favourite teacher,tutor professor? Did you learn more from them, or more from the boring version just going through the motions.
@Protractor: Well I didn't try to educate anyone with the Groks summary, rather just share a quick overview.
@SBOB: Interesting site, thank you, everything has it's benefits and drawbacks. Gumtree is famous for it's scams on this site, but we all still use web2 sites and in particular sometimes the Gumtree web-site (at least some people on this site according to the local forum posts).
low cost money transfers and transferring local devaluing currencies to USDT in less affluent countries, wow, is that all ya got!? these are edge cases at best, crypto talking points at best, real world use cases … meh.
just checked google trends, 'web3' is most popular in Nigera.
@buckerooni: yes Nigeria might be a good example (South American countries as well). I'm sure you are a rich person with multiple bank accounts and financial advisers, but unfortunately not all people are lucky like you.
@vasya: this whole 'use cases for less affluent currency exhange/transfer to USDT/crypto' is a weak use case for crypto and I'm quite certain in reality rarely happens, because it just doesn't make sense.
you're telling me that less affluent people with less money are going to exhange their local currency for a stablecoin (somehow), then at some later date buy something with it or turn it back into local currency so they can actually use it - and it's beneficial to them to do so and that's one of the main use cases?
@buckerooni: Firstly as I said initially web3 is only starting. As SpicyStew mentioned above all that cryptocurrency use cases are like emails in 1990s. You can say in 2025 that email is not impressive, but in 1995 it was the cheapest and quickest option to exchange messages.
Now in 2025, if you check the exchange rate of Argentinian peso or Turkish lira to the USD for last couple of years, you can realise that converting local fiat into USDT/USDC would make perfect sense.
I accept that all that stuff is not that impressive for you and it is fine. You have as everyone else an opportunity and it is only up to you if you want to use it or not.@vasya: I'm saying comparing the internet/email to crypto is a meaningless comparison.
sure - countries with high inflation would benefit, but to actually run through what's involved in doing so is beyond 99.99% of the population. It is only the edgiest of edge cases.
BTC was an utter failure in El Salvador and is no longer part of their strategy, that's your real world use case!
@buckerooni: United States is approximately $36.21 trillion in debt, decline of the power of the US dollar, which less affluent countries are you on about?
@SpicyStew: "$36.21 trillion in debt" and counting.(bring it)
Trumps crew are actively siphoning and converting it, then there's expanding an inactive military, all parked up or shooting the anti Trump mob(to keep their eyes in) , and playing with space(for no good use case) ,and generally rapidly throwing good money after bad.The only reason that scum camp is convincing the few remaining bureaucrats to embrace BTC, is to have the combination to the gold vault,LOL.
Couldn't happen to a 'nicer' country.
@buckerooni: I wouldn't say that money transfer is an edge case.
Stablecoin transfer volume reaches $35 trillion, twice that of Visa
https://www.cryptopolitan.com/stablecoin-transfer-volume-twi…@vasya: bro, that volume is not from the use case we are discussing. can't just thow stupid numbers and ideas in the air and hope they land.
@buckerooni: Not sure what you mean here. I mentioned money transfer use case and gave you the number, which is quite significant.
I can give a range of zero to infinity.
I stand by my decision of holding Bitcoin with dear life in my self managed superannuation
How do u do that mate. Care to share?
Be prepared for Albo to extend his grubby paws to take real money from you because of on-paper gains.
@zubzub: Can you do your own research? I gave you an idea what to search for. His stable coin is USD1, it works great for accepting bribes. All information is available on the internet.