बिटकॉइन एक मिलियन डॉलर कीमत होगी क्या? (Bitkoin ek miliyan dolār kīmat hogī kyā?)

Since in the past a tulip bulb could have the price of a large house, nothing is impossible. After all, Bitcoin has grown from cents to almost $70,000 in the last 10 years. Of course, we do not know whether its price can reach up to a million, but there are quite a lot of arguments for it.
First of all, we have more and more "free" money in the world markets, because government printers work like crazy. for this reason, companies and funds look for investment opportunities, because money likes to be in motion. Cryptocurrencies have brought their holders the highest average rate of return in recent years, and Bitcoin is their king and at the same time the safest choice. Therefore, in recent years, many enterprises and institutions have decided to buy BTC in the hope of future profits.
At the same time, more and more countries are working to regulate the crypto market, which may be an incentive for more cautious people. It is possible that they will make a purchase once they are sure that it is legal and legally secured. At the moment, some companies are not allowed to invest in unregulated markets - once the relevant regulations come into force, this problem will disappear.
In addition, Bitcoin is widely known, it has survived many crises, it cannot be printed, and thanks to the ease of entry into this market and its divisibility to eight decimal places, it gives ordinary people the opportunity to buy with small capital. There are no minimum amounts to qualify for investment and no management fees as with mutual funds. You come and go as and when you want. Most alternative investments offer neither the flexibility nor the ease of entry and purchase of the product.
Another argument is the fact that cryptocurrencies have developed thanks to the Internet, so I believe that as more areas of the Earth are connected to the network, interest in Bitcoin will increase. At this point, about half of humanity can use the Internet - imagine what will happen when billions more join in the next few years. This is especially true of younger generations, because they are the easiest to adopt new technologies and solutions.
In this market, as everywhere, the law of supply and demand operates. At some point, there may be many more buyers than sellers. If almost no one wants to sell BTC, the price must go up. And large companies and funds can buy up to several thousand Bitcoins at a time with the intention of holding them in the long term. They will not sell them just because the price has increased by a few or several thousand.
In addition, subsequent halvings mean that less and less new BTC pieces can hit the market. In 2024, it will be 3.125 BTC for a new block, in 2028 only 1.5625 BTC, etc. This decline, combined with the reluctance of large investors to sell and new people joining the market, should drive the price up in the future.
It is possible that in 10-15 years almost all BTC will be in the hands of the so-called whales. Small investors will sell their satoshis at a price of 200, 300 or 500 thousand. Only then does the price have a chance to stabilize at a specific level and Bitcoin will become, like gold, a store of value. The question is what price it has to come to first.
There are more arguments, but I consider these the most important.

I am sure that the Bitcoin price you wrote about will finally hit. The only thing that is keeping some big players from entering this market is the lack of clear regulations. Once this matter is cleared up, they will mobilize their capital and jump on the bitcoin train to be ahead of the others.

Of course, their goal will not be to earn a certain amount of X, as is the case with most individual investors. They have a very different understanding of risk. They have very large opportunities to diversify their capital and throw in, e.g. 2 percent. free BTC funds for the next 5-10 years is no sacrifice for them. The problem is that there will probably be billions of such funds, so the price must rise. What if countries also entered the game and started stocking Bitcoin like El Salvador?

What will the little players do then? They will start selling their BTC fractions at good price levels or under the influence of a specially induced FUD. And the whales will be waiting with their baskets set up.

Let us not forget that today a lot of BTC has been irretrievably lost, e.g. by the death of the owner or the loss of the wallet password. And because of halvinga, new "arts" will appear less and less.

After some time, there will be no one to buy Bitcoin from and the price will stabilize in a certain price range. What? It's hard to say at this point. Maybe it will be half a million dollars or maybe a million?

In any case, a new asset will emerge in the world that is considered a way to store the value of money, as gold is now treated. Price fluctuations will still be there, but let's forget about cyclical increases and multiplication of wealth x5 or x10.

And individual investors will look for another alternative.

My personal view is that it is difficult to predict the future of bitcoin. It is possible that the price may rise to a million dollars, but it may just as well not reach such values. In the field of cryptocurrencies, a lot depends on speculation and market trends, so it is difficult to say for sure what the future holds for bitcoin.