Personally, I belive that based on Bitcoin’s overall price history and trajectory, that there is a significant likelihood that Bitcoin will be worth over $1 million within the next ten years.
To reach $1 million, Bitcoin would need to approximately 30x its current price of approximately $33,500.
So, when was the last time Bitcoin went up 30x in price from where it is, today?
Well, back in April 2017, just 5 years ago, it rebounded to over $1,100 - roughly 1/30th of today’s price.
And so, is it realistic to think that Bitcoin could 30x its price in the next 10 years, to reach $1 million?
Well, if it does, that means it would be performing at roughly half the rate it did between 2017 and 2021, over a period of just 61 months.
And, worth noting, Bitcoin’s ATH (All Time High) is almost double today’s price. Bitcoin reached $64,863 on April 21, 2021.
Market ups and downs happen, but Bitcoin’s trajectory has been steadily upward, over the long term.