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
Well if albo is taxing unrealised gains and if the expectation and calculation is based on past performance. Expect the government to take most of your bitcoin in your SMSF by 2030 😂
War is coming.
As long as central banks continue to print money and increase fiat supply hence debasing their respective currencies, BTC will continue to do well.
Will it reach $1m by 2030? Not sure, but it will be definitely higher than what it is right now.
yeah bro, like Tether just doesn't print money out of thin air! Just wait till that pops, although they are so incredibly cashed up (because they have printed money out of thin air) it may be hard to wrangle in. Massive risk to the whole ecosystem.
Could you let me know when it will pop? because I can then liquidiate a few of my other assets and immediately buy more when it pops. Please inform us kindly
Dunno, they have a pretty good system: print USDT out of thin air, buy bitcoin with it, sell bitcoin for fiat, rinse and repeat. Behold, the worlds greatest money printer!
I was initially pro crypto until i found out how shonky it all is.
Commercial banks create most of the money in circulation in Australia.
Every time you borrow money from a bank, the bank explicitly does not transfer money it already has in its accounts / vaults. They create it out of thin air.
And that's how we get inflation. More money chasing the same amount of goods and services.You mean central banks for 1… and 2 that’s not how it works..
Wow another Bitcoin thread on the main page. Things are starting to heat up by the looks of things. People do wake up at these all time highs. Still the same old arguments against it that I have heard for many many years, yet the price keeps climbing.
With all the money printing around the world, Bitcoin is the only proven digital store of value that is backed by energy. Bitcoin will hit a million, just a matter of when.
Its too easy and tempting for short term governments to debase our currency and our life savings, just look back at history.
Sorry i get the money printing thing.
But no bitcoiner can properly answer this.
Why is bitcoin the alternate?
You can always invest in real assets to get out of fiatYes sure in a country that has proper rule of law (peace) and sound monetary policy, tell that to the people living in Ukraine, Palestine or Japan (Japanese property price stagnation). Being digital Bitcoin is infinitely more portable and you can cash out when you want, no need to lawyers, estate agents or auctions. Liquidity and portability.
When non-crypto people are discussing bitcoin you know the top is in.
Bit coin is gambling, if laws changes because of black money or security reason bit coin will pop like balloon.
China tried to legally ban it, then changed their minds a few years later, bitcoin didn't pop like a balloon, it inflated over that time
It will affect when globally ban because of security reason. But yes that time was Bitcoin out of air for while.
there are wars going on around the world and you're saying the world is going to all agree on a single ban?
all investments are gambling unless you know every variable that goes into its price movement (in which case it's insider trading). it's just a spectrum along the risk curve and you need to manage your risk accordingly
I do not buy, YES.
If I buy, absolutely NO.
I have that same feeling about me
People should pay me to buy when they are in a net short position
I’m going to create a new crypto:
Called ScamCoin.
I will genuinely promote it as a scam and if you buy in you will lose your money.Best part, there will be no blockchain… it will just be a scam.
You give me money, I will email you saying I gave you one coin.
And have a digital counter saying the price is rising.
The terms and conditions will be perfect explaining it’s a scam.…. I am actually going to do this. Sounds like fun.
Buy ScamCoin and HODL!
Larry Fink, billionaire, CEO and co-founder of Blackrock (if you've never heard of it… the largest money management firm in the world with more than US$10 trillion in assets under management) predicted price of BTC at US$700k as possibility, which is roughly a bit over $1m AUD.
https://www.nasdaq.com/articles/blackrock-ceo-larry-fink-for…
The end, case closed.
God also said Jesus would come back. He forgot to tell Jesus.God has more cred than Larry (even if Larry was a stereotypical bloke dude in the monetary field)
Pretty sure you know better than Fink, mate.
Don't forget reminding yourself that next time you open your wallet or check you bank account.
It isn't a currency, until it is, genius.
the guy manages btc etf funds, no doubt he's going to shill
but for the purpose of context, lets go back a few years
BlackRock CEO Says ‘I Was Wrong About Bitcoin’
https://bitcoinist.com/blackrock-wrong-about-bitcoin/the case didn't close back then….
I'd argue, that the guy that manages assets worth 10x GDP of Australia doesn't shill, he creates.
They fought BTC for long time, it didn't work, so in a brilliant strategic move, decided to embrace it.
Since they benefit from its value growth, it's likely to achieve that target.
Also, rather negative sentiment here is a clear signal that $1m is achievable.All in all, in the end, these are all just opinions and they matter little, even my own.
The only valid measure of truth when it comes to investing is the value of your own portfolio…I'm not the one who is idolizing another mans opinions because his company manages other peoples portfolio
@SpicyStew: Recognising influence the most powerful fund on the planet =/= idolising
Worth knowing who's playing the game, this is not 2012 or 2016 anymore
@Almost there: you sound like a top rider rather than riding to the top investor
worth knowing where the rugs are
history doesn't repeat but it rhymes
And before that Larry and his mates poo pooed Bitcoin and said it's not worth anything.
Larry also has ulterior motives… namely making squillions off of the losses of everyone else. So he could just be getting in on a pump and dump.
Comrade Albo would say:
What are the 5 epochs of historical development?
Historical development comprises of five distinct stages – namely Primitive Communism, Slavery, Feudalism, Capitalism and Communism – each of which is defined by their distinctive relations of production.That is a bit coarse but hey Bitcoin seems the only way out!!!
Someone has to say something. There is no longer an opposition.
Maybe the invisible woman Sussan Ley (or her twin sister Anxious Taylor) will come out swinging and land a few pink marshmallows on Albo?
Yes
NoAre we allowed to spruik ponzi schemes on OzBargain??
fiat currencies are such a scam isn't it!
It could very well be more than that too.
With sheeps everywhere these days, who knows how much more money will be poured into it?that's 10x market cap within 5 years, and to exceed gold. very unlikely with all the institutional money in BTC now the explosive 'to the moon' phase is behind us
Yeah mate, it'll probably go to 2 or 3 mil by then
its possible
My son reckons as currencies weaken bitcoin will strengthen. I hope so. When they reach 7 figures he’s going to buy me a Karmann Gaia and an apartment in Hua Hin. Here’s hoping.
Easy
You guys are so pessimistic and bearish. Cheer up. $10M minimum.
Looks like they worked out the answer to "what will Bitcoin be in 5 years time" ages ago: https://www.ozbargain.com.au/node/436841
Most likely nothing, but otherwise less than $5k
The power law model suggests that Bitcoin's price growth follows a predictable curve over time, often linked to network effects and adoption rates. This model has been used to forecast significant price milestones, including the possibility of Bitcoin reaching $1.5 million USD (approximately $2.2 million AUD) by 2030.
Bitcoin will reach $1 million after you are 6 feet under and your grand kids will be cashing in that moolah. Unless you get buried with your keys then no one gets that $1 million.
As of mid-2025, Bitcoin's adoption appears to be transitioning from the Early Adopters phase into the Early Majority phase of the S-curve model. This progression is evidenced by increasing institutional interest and broader public engagement.
📊 Current Adoption Metrics
Global User Estimates: Recent analyses suggest that Bitcoin has approximately 200–300 million users worldwide, indicating a significant rise from previous years.
Institutional Involvement: Major corporations and financial institutions are increasingly integrating Bitcoin into their operations. For instance, companies like MicroStrategy and Metaplanet have made substantial Bitcoin acquisitions, signaling growing corporate adoption.
Geographical Adoption: In Australia, cryptocurrency adoption is notable, with 23% of the population engaging with digital assets, surpassing adoption rates in the U.S. and U.K.
📈 S-Curve Adoption Phases
The S-curve model outlines the typical progression of technology adoption:
- Innovators (2.5%)
- Early Adopters (13.5%)
- Early Majority (34%)
- Late Majority (34%)
- Laggards (16%)
Given the current trends, Bitcoin is moving into the Early Majority phase, characterized by rapid growth and increasing mainstream acceptance.
🔮 Future Outlook
Projections indicate that global Bitcoin adoption could reach 10% by 2030, aligning with the continued trajectory along the S-curve. This suggests that while significant growth has occurred, there remains substantial potential for further adoption.
@inq I saw your post back in 2019. Do you think we can reach $10M by 2030?
no, I dont think so.
Bitcoin is going to the moon when stablecoins regulations get approved, it's an anchor for bitcoin and like a tide that raises all ships
Hopefully Jimbo adds a % tax premium on BTC, so the holders can't escape the tax they will also owe.Level playing fields & all.