Well we're talking about cointelegraph here, this is the 'news' source which is known for just blatantly trying to make massive amounts of money on their own portfolios by pushing the coins that they own on you through blatant lies in the news that they make. So are you really suprised that they're making insane claims like this? It's kinda what they build their company off of at this point.


Back onto the point of the article, this won't happen, people have to be real and get their head out of their asses.

In the coming years this rate will grow up higher so much that no one will ever imagine but keep your eyes open because the rate will high but not for long.

Although BTC does have a good potential I dont think the price would rise as much as mentioned in the article.
It's way too beyond Bitcoin's reach and might take years to be on that level. Bitcoin is a good cuurency though and it might stay the top most priced currency forever but the price mentioned is way too much. So it sounds that the article is fake and just creating a hype.

The best way to predict the future value of bitcoin is to measure it against the market cap of other currencies.
Gold is 9 trillion dollars
"Money" is 70 trillion dollars (includes all forms of money)

These are best guesses from available data of course

So measure against these caps for starters

this means if it matches gold it would reach $428,000 per coin
If it replaces all money it would reach $3,333,000 per coin

So the question is will bitcoin be as big as gold, or replace the whole monetery system?

This is what time will tell us

Even if the stats and future predictions looks very good for Bitcoin, we should also be realistic and not expect to see a Bitcoin

price of $1 000 000 per bitcoin very soon. Let's just take the growth from last year :

2016 - 2017 ===> $3000 increase {more or less and this was pretty impressive}

Let's predict the next 5 years, with a $3000 increase/growth per year :

2017 - 2018 ==> $  9 000
2018 - 2019 ==> $12 000  
2019 - 2020 ==> $15 000
2020 - 2021 ==> $18 000
2021 - 2022 ==> $21 000

So this is nowhere close to $1 000 000 per bitcoin... right.  

Should we look at the increase in terms of absolute numbers or percentages? As time goes on and bitcoin solidifies its reputation as a legitimate alternative to currency instead of a "scam", I think p.a. increases of more than $3 000 could be expected.

We shouldn't! Kprawn made a mistake of not showing the previous years. Bitcoin isn't growing by $3k a year. It grows exponentially and you'd be able to see it if you posted the previous years, not only 2017 and based your assumptions on the whole picture.
2016-2017 it went up over 500$ and its price doubled. In 2017 it went up by 5000, which is 10 times more than in 2016. We could safely say that it's possible that it will at least double again in 2018 making it reach 12000.

What I'd like to make you look at is USD to BTC chart (rather than usual BTC to USD chart).

https://imgur.com/UD0pSDI

I approximately marked the drop with the blue lines, and you can see that the drop of value of USD compared to BTC is quite linear in last couple of years, and it gets closer and closer to 0. Even the monthly graph is the same.

Sure, if you look at the graph from the invention of bitcoin, you could see 1/e^x graph instead of linear one, suggesting that the drop towards 0 would be quite slower than with linear drop, but the yearly graph is actually closer to being linear.

So while we usually easily see that BTC grows compared to USD, I think that sometimes we really forget what that means other way around, how fast is USD actually plummeting down compared to BTC.

I'm not trying to be too accurate here (as you can see from the graph, I didn't bother to put the exact calculated lines there), because it actually doesn't really matter. Instead, the moral of the story is, even the bravest predictions don't look too impossible at this point.

There are many factor to determine the rate of increasing the price, What you just used was the difference from last year's price to this year's.

Since Bitcoin is not used as a currency yet and can be more considered for now as an asset that can be traded to a fiat currency we also need to consider the increase on the number of people who is into it.

So if last year there are only 10 million people who is into bitcoin and this year its 15 million that caused an increase of 800% on price per coin. (~$639. to $5492) then how will the price be when 20 million people accepts the coin, when 25 million, 30 million.

It is really hard to determine the coin's maximum potential because of its anonymity no one knows if how many different individual owns the 16 million + coins.