{"id":573090,"date":"2024-02-03T02:00:21","date_gmt":"2024-02-03T02:00:21","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=573090"},"modified":"2024-06-11T07:00:05","modified_gmt":"2024-06-11T07:00:05","slug":"will-bitcoin-hit-1-million-by-2028-experts-clash","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/will-bitcoin-hit-1-million-by-2028-experts-clash\/","title":{"rendered":"Will Bitcoin Hit $1 Million By 2028? Experts Clash Over Bold Price Prediction"},"content":{"rendered":"<p>Tuur Demeester, a Bitcoin evangelist, has recently <a href=\"https:\/\/twitter.com\/TuurDemeester\/status\/01424853?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">shared<\/a> his views on Bitcoin&#8217;s potential to reach the $1 million mark by 2028. Demeester&#8217;s view on this topic presents a cautious contrast to some of the more bullish predictions in the crypto community.<\/p>\n<p>This tempered perspective comes when others, such as Samson Mow, express <a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/bitcoin-buzz-accumulation-trend-peaks-at-a-3-year-high-whats-driving-the-surge\/\" target=\"_blank\" rel=\"noopener \">strong confidence<\/a> in Bitcoin&#8217;s ability to hit this milestone following its <a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/market-survey-signals-bull-run-investors-predict-bitcoin-to-surpass-69000-post-halving\/\" target=\"_blank\" rel=\"noopener \">next halving<\/a>.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/bitcoin-buzz-accumulation-trend-peaks-at-a-3-year-high-whats-driving-the-surge\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Buzz: Accumulation Trend Peaks At A 3-Year High \u2013 What\u2019s Driving The Surge?<\/a><\/div>\n<h2>$1 Million Bitcoin By 2028 Is Not Certain<\/h2>\n<p>Demeester&#8217;s skepticism was articulated in response to a <a href=\"https:\/\/x.com\/dotkrueger\/status\/49569280?s=20\" rel=\"nofollow\">post<\/a> sharing a graph by investor Fred Krueger, which suggested that Bitcoin might reach the $1,000,000 level by 2028.<\/p>\n<figure style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GFUZFEfWkAAKeom?format=jpg&amp;name=medium\" alt=\"The Bitcoin graph shared by investor Fred Krueger. \" width=\"1200\" height=\"703\"><figcaption class=\"wp-caption-text\">Investor Fred Krueger shared this Bitcoin graph.<\/figcaption><\/figure>\n<p>While appreciating the graph&#8217;s model, Demeester expressed uncertainty, acknowledging the unpredictable nature of the market and its capacity to defy even the most well-constructed models.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Will it take BTC until after summer 2028 to reach $1M? I don\u2019t know, but I do know that every beautiful model (as is this one \ud83e\udd0c) is destined to be broken by Mr. Market. <a href=\"https:\/\/t.co\/GcmhfL2C16\" target=\"_blank\" rel=\"noopener nofollow\">https:\/\/t.co\/GcmhfL2C16<\/a><\/p>\n<p>\u2014 Tuur Demeester (@TuurDemeester) <a href=\"https:\/\/twitter.com\/TuurDemeester\/status\/01424853?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">February 2, 2024<\/a><\/p><\/blockquote>\n<p>The anticipation surrounding BTC&#8217;s price of $1 million is closely tied to its halving events, which occur approximately every four years. After this year&#8217;s halving, the next halving is set to occur in 2028. These events reduce the number of new BTC mined per block by half, limiting the supply and potentially impacting the price.<\/p>\n<p>The <a href=\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-halving-prep-analyst-outlines-key-points-ahead-of-event\/\" target=\"_blank\" rel=\"noopener \">upcoming halving<\/a>, set for April this year, will see the daily minting of Bitcoin slashed from 900 to 450 coins. Such supply changes have historically led to significant price movements, lending credibility to the various models predicting substantial future price increases.<\/p>\n<p>Amid these predictions, an X user, claiming ownership of the growth plot referenced by Demeester, chimed in with insights. They argued that some market laws, like the time value of money in the stock market, are less likely to be broken.<\/p>\n<p>Similarly, the natural adoption rate of Bitcoin might constrain its &#8220;explosive&#8221; growth, providing room for market movements without breaking the underlying model.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Hi Tuur, this plot is mine. Some laws are not broken by Mr Market, e.g. the stock market grows by ~7% p.a. This cannot be broken to the upside because of the time value of money (essentially).<br \/>\nThe time-based power-law likewise is hard to break to the upside because that would go\u2026<\/p>\n<p>\u2014 hcburger (@hcburger1) <a href=\"https:\/\/twitter.com\/hcburger1\/status\/65471313?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">February 2, 2024<\/a><\/p><\/blockquote>\n<h2>Diverse Views On Bitcoin&#8217;s Future<\/h2>\n<p>Other Bitcoin enthusiasts, like Samson Mow, CEO of Jan3, are more optimistic. Mow envisions Bitcoin <a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/holding-for-gold-micheal-saylors-poll-unveils-bitcoin\/\" target=\"_blank\" rel=\"noopener \">reaching $1 million<\/a>, potentially in a sudden surge causing &#8220;<a href=\"https:\/\/bitcoinist.com\/expert-forecasts-bitcoin-swift-rise-to-1-million\/\" target=\"_blank\" rel=\"noopener nofollow\">max pain<\/a>&#8221; for several market players.<\/p>\n<p>This dramatic increase, he suggests, could happen swiftly, within &#8220;days or weeks,&#8221; though the precise starting point remains uncertain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">My main prediction is the run up to $1M happens in days to weeks. Starting point TBD.<\/p>\n<p>\u2014 Samson Mow (@Excellion) <a href=\"https:\/\/twitter.com\/Excellion\/status\/46476691?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">January 14, 2024<\/a><\/p><\/blockquote>\n<p>In analyzing potential triggers for a Bitcoin rally, Mow considers various<a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/expert-reveals-key-macro-indicators-for-bitcoin-a-roadmap-to-next-rally\/\" target=\"_blank\" rel=\"noopener \">\u00a0factors<\/a>. These include Bitcoin-specific metrics like exchange-traded inflows (ETF), the BTC hashrate, and whale activity on Bitfinex. Additionally, Mow looks at broader economic indicators such as Tether\u2019s USDT assets under management, government debt payments, and Debt-to-GDP ratios.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">These are the <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">#Bitcoin<\/a> macro indicators I\u2019m looking at:<\/p>\n<p>\u2b06\ufe0f ETF inflows<br \/>\n\u2b06\ufe0f Hashrate<br \/>\n\u2b06\ufe0f Finex whale accumulation<br \/>\n\u2b06\ufe0f 200 WMA trend<br \/>\n\u2b06\ufe0f Tether USDt AUM<br \/>\n\u2b06\ufe0f Govt interest payments on debt<br \/>\n\u2b06\ufe0f Debt GDP ratios<br \/>\n\u2b06\ufe0f Nation-state Bitcoin adoption<br \/>\n\u2b06\ufe0f Real inflation<br \/>\n\u2b06\ufe0f M3 money<\/p>\n<p>\u2014 Samson Mow (@Excellion) <a href=\"https:\/\/twitter.com\/Excellion\/status\/30517121?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">January 28, 2024<\/a><\/p><\/blockquote>\n<p>Mow believes these factors, combined with nation-state adoption, real inflation rates, and the M3 money supply, could significantly influence Bitcoin&#8217;s performance.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/expert-reveals-key-macro-indicators-for-bitcoin-a-roadmap-to-next-rally\/\" target=\"_blank\" rel=\"noopener \">Expert Reveals Key Macro Indicators For Bitcoin: A Roadmap To Next Rally?<\/a><\/div>\n<p>Amid the debate, Bitcoin saw quite a surge in the past 24 hours, reclaiming the $43,000 mark with a current trading price of $43,123.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/Q5SMW1Uu\/\" alt=\"Bitcoin (BTC) price chart on TradingView\" width=\"2770\" height=\"1556\"><figcaption class=\"wp-caption-text\">BTC price is moving sideways on the 4-hour chart. Source: BTC\/USDT on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3ABTCUSDT\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p>Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tuur Demeester, a Bitcoin evangelist, has recently shared his views on Bitcoin&#8217;s potential to reach the $1 million mark by 2028. Demeester&#8217;s view on this topic presents a cautious contrast to some of the more bullish predictions in the crypto community. This tempered perspective comes when others, such as Samson Mow, express strong confidence in Bitcoin&#8217;s ability to hit this milestone following its next halving. Related Reading: Bitcoin Buzz: Accumulation Trend Peaks At A 3-Year High \u2013 What\u2019s Driving The Surge? $1 Million Bitcoin By 2028 Is Not Certain Demeester&#8217;s skepticism was articulated in response to a post sharing a graph by investor Fred Krueger, which suggested that Bitcoin might reach the $1,000,000 level by 2028. While appreciating the graph&#8217;s model, Demeester expressed uncertainty, acknowledging the unpredictable nature of the market and its capacity to defy even the most well-constructed models. Will it take BTC until after summer 2028 to reach $1M? I don\u2019t know, but I do know that every beautiful model (as is this one \ud83e\udd0c) is destined to be broken by Mr. Market. https:\/\/t.co\/GcmhfL2C16 \u2014 Tuur Demeester (@TuurDemeester) February 2, 2024 The anticipation surrounding BTC&#8217;s price of $1 million is closely tied to its halving events, which occur approximately every four years. After this year&#8217;s halving, the next halving is set to occur in 2028. These events reduce the number of new BTC mined per block by half, limiting the supply and potentially impacting the price. The upcoming halving, set for April this year, will see the daily minting of Bitcoin slashed from 900 to 450 coins. Such supply changes have historically led to significant price movements, lending credibility to the various models predicting substantial future price increases. Amid these predictions, an X user, claiming ownership of the growth plot referenced by Demeester, chimed in with insights. They argued that some market laws, like the time value of money in the stock market, are less likely to be broken. Similarly, the natural adoption rate of Bitcoin might constrain its &#8220;explosive&#8221; growth, providing room for market movements without breaking the underlying model. Hi Tuur, this plot is mine. Some laws are not broken by Mr Market, e.g. the stock market grows by ~7% p.a. This cannot be broken to the upside because of the time value of money (essentially). The time-based power-law likewise is hard to break to the upside because that would go\u2026 \u2014 hcburger (@hcburger1) February 2, 2024 Diverse Views On Bitcoin&#8217;s Future Other Bitcoin enthusiasts, like Samson Mow, CEO of Jan3, are more optimistic. Mow envisions Bitcoin reaching $1 million, potentially in a sudden surge causing &#8220;max pain&#8221; for several market players. This dramatic increase, he suggests, could happen swiftly, within &#8220;days or weeks,&#8221; though the precise starting point remains uncertain. My main prediction is the run up to $1M happens in days to weeks. Starting point TBD. \u2014 Samson Mow (@Excellion) January 14, 2024 In analyzing potential triggers for a Bitcoin rally, Mow considers various\u00a0factors. These include Bitcoin-specific metrics like exchange-traded inflows (ETF), the BTC hashrate, and whale activity on Bitfinex. Additionally, Mow looks at broader economic indicators such as Tether\u2019s USDT assets under management, government debt payments, and Debt-to-GDP ratios. These are the #Bitcoin macro indicators I\u2019m looking at: \u2b06\ufe0f ETF inflows \u2b06\ufe0f Hashrate \u2b06\ufe0f Finex whale accumulation \u2b06\ufe0f 200 WMA trend \u2b06\ufe0f Tether USDt AUM \u2b06\ufe0f Govt interest payments on debt \u2b06\ufe0f Debt GDP ratios \u2b06\ufe0f Nation-state Bitcoin adoption \u2b06\ufe0f Real inflation \u2b06\ufe0f M3 money \u2014 Samson Mow (@Excellion) January 28, 2024 Mow believes these factors, combined with nation-state adoption, real inflation rates, and the M3 money supply, could significantly influence Bitcoin&#8217;s performance. Related Reading: Expert Reveals Key Macro Indicators For Bitcoin: A Roadmap To Next Rally? Amid the debate, Bitcoin saw quite a surge in the past 24 hours, reclaiming the $43,000 mark with a current trading price of $43,123. Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":515753,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[90811,428,678,1119,91513,78790,6664],"class_list":["post-573090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-million-btc","tag-bitcoin","tag-bitcoin-prediction","tag-btc","tag-btc-anaysis","tag-btcusdt","tag-crypto"],"acf":[],"yoast_head":"\n<title>Will Bitcoin Hit $1 Million By 2028? 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His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/www.ktsl888.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Will Bitcoin Hit $1 Million By 2028? 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/www.ktsl888.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Will Bitcoin Hit $1 Million By 2028? 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