Bitcoin has already evolved into one of the most widely recognized assets globally. Just look at how complete the current ecosystem is: from retail investors holding tokens to professional fund management institutions, from large-scale mining farms around the world to trading platforms everywhere, each link is reinforcing the stability of this system. This consensus is not built out of thin air but is gradually accumulated through the confidence and actions of countless participants.
Regarding the question of surpassing a price of $1 million, it may be more meaningful to compare it to traditional precious metals assets like gold. Gold took thousands of years to go from discovery to becoming a globally recognized store of value. Although BTC has only a little over a decade of history, it is accelerating the process of trust accumulation similar to gold. Just as certain cultural symbols require time to establish, the ultimate consensus on an asset also needs the test of time. Perhaps $1 million won't come so quickly, but over a sufficiently long time horizon, this goal is not out of reach. The key lies in whether the consensus can continue to deepen and whether this deepening can withstand various market cycle fluctuations.
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MEV_Whisperer
· 16h ago
Is a million really still a distant goal? It feels like this wave of consensus is accumulating much faster than gold.
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TokenRationEater
· 16h ago
One million is too conservative; stop messing around with this number.
The ecosystem is complete, but the real test is still to come.
Consensus is very fragile; one black swan event and it's over.
Gold has been accumulated for thousands of years, and we've only been playing for ten years before starting to benchmark? That's a bit early.
Retail investors are still sleepwalking, while institutions have already run away.
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CoinBasedThinking
· 16h ago
1 million USD? Ha, it depends on whether the consensus can hold up through the next round of bloodbath.
I was optimistic about this logic early on; a complete ecosystem indicates strong risk resistance, but cyclical fluctuations are easier said than done.
Really? Gold has been around for thousands of years, and BTC only ten years. Are we rushing to compare? That's a bit overly optimistic.
Consensus is the most fragile thing; during extreme market conditions, it's all just false consensus.
I believe in system stability, but that $1 million price target still needs to be seen.
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GasFeeSobber
· 16h ago
1 million USD? Haha, take it slow. Let's get through this bear market first.
Consensus does indeed accumulate over time, but it can also collapse instantly when volatility hits.
Gold has thousands of years of history, while BTC is only ten years old—there's a huge difference.
No matter how complete the ecosystem is, it can't withstand policy blows.
It all depends on how each country plays it—this is the real variable.
Bitcoin has already evolved into one of the most widely recognized assets globally. Just look at how complete the current ecosystem is: from retail investors holding tokens to professional fund management institutions, from large-scale mining farms around the world to trading platforms everywhere, each link is reinforcing the stability of this system. This consensus is not built out of thin air but is gradually accumulated through the confidence and actions of countless participants.
Regarding the question of surpassing a price of $1 million, it may be more meaningful to compare it to traditional precious metals assets like gold. Gold took thousands of years to go from discovery to becoming a globally recognized store of value. Although BTC has only a little over a decade of history, it is accelerating the process of trust accumulation similar to gold. Just as certain cultural symbols require time to establish, the ultimate consensus on an asset also needs the test of time. Perhaps $1 million won't come so quickly, but over a sufficiently long time horizon, this goal is not out of reach. The key lies in whether the consensus can continue to deepen and whether this deepening can withstand various market cycle fluctuations.