Bitcoin Forum

It is a long way but we are  getting there, i expect it to happen within 15 years along with world-wide mass adoption of Bitcoins, what do you guys think?

we aren't there by any means, a trillion is 1K billion in the short scale, and we are still at a mere 4B

we need to do a x250, which mean a price of 62.5k, something a bit crazy, that won't be reached before 3 halving at least

agree
it will take a long time to reach 1Trillion market cap, possibly after 2020 but we can't expect this in short period

an interesting thought by Winklevoss twins that Bitcoin as a payment system will surpass visa+mastercard+amex+ other major payment systems= 400 Billion$ and be in Trillions of dollars https://youtu.be/uEIPzl4Bx5I?t=137 , so primarily it is a point of time when people start switching from these payment processors to Bitcoin, it should reach the average Joe's throughout the world from a Hotdog seller in the US to a peasant in India, thats the time probably Bitcoin will reach a trillion$ market cap.

I wouldn't place much faith in WW brothers, they seam to be easy on words in most cases, but on this one ill give them credit.
There's no reason why bitcoin shouldn't replace most, if not all other alternatives. It's just a matter of time and struggle it will take to get there.
But i must say, expecting prices of 60k+ is a very far dream, and even if it is to happen, it wont be anytime even remotely soon.

cheers

marketcap of bitcoin is always up and down, the right now trend looks like what had happened in 2012 to 2014, there can be a same boom which had happened when price crossed 1k$ https://blockchain.info/charts/market-cap?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address= , this time it should be even better, but it will take time to get to 1 Trillion$ market cap.

If Apple can inch towards $1Tn, why not Bitcoin. I definitely see a lot more potential in Bitcoin than in a single company.
If it does reach $1Tn (and I hold my coins until then), I can afford to take a small break.  ;D

Maybe we can reach near that once Bitcoin cannot be mined anymore and a billion people put 10% or so of their earnings into BTC as well..We need a wider range of people now to come in and see BTC as a viable store of wealth, asset and currency but much education needs to still be disseminated to the General Public at large.

after 90% bitcoin mined we will hit that market cap trust me ;)

Unless that you are not aware, the entire suppy of BTC will be mined at 2140 ~. That would take another 100+ years to get there and after the entire suppy is mined, miners will need to run their ASIC in order to get the block for confirmation (fee mining)


Basically demands would be the only solution for this, in the end the basic law would be use for this which is Supply vs demands. It will be sooner than expected depending on the demands for BTC however the question will be how to reach a mass adoption?
There are tons of company that accepts BTC now, some of them are a big company which should attract some attention from the people however we havent seen any significant effect yet with this.

The things that resist mass adoption would be the volatility, common people will resist something that has a volatille value which in this case it will be BTC. Something that has a value of +/- 3 % daily isnt going to attract people to use it which resist mass adoption .

Another reason will be simplicity, people loves things to be simple which of course in some cases paying things with FIAT is much more simple ( however in some cases it will be much simple with BTC ).

The other reason would be that most people are techsavvy . Short words : its hard to convince people that a coin in the internet has a value of $230~

i think it's reasonable to see the bitcoin market cap at around $50-$60 billion at peak. don't think it will ever go above $100 billion. that's just not realistic.

I read one of the article in internet, which predicted that 1 bitcoin equals to 1 million dollar USD, after 30-40 years

all in good times people patience is the greatest virtue when it comes to bitcoin what other investment can make you to a billionaire in 10 years i can think of very few things that can and they always can go down aswell

Well, a trillion is about 333 times of the current market cap. To reach such highs, their must be a collapse of the fiat money system IMHO.

I'm not saying you're wrong, but give us thorough and detailed reasons why you think that.

The fiat market cap as of 2010 was around $8.5 trillion (counting only the banknotes and coins, and not taking in to account the treasury bonds and other formats). This has been doubling every 10 years or so. So by 2020, we can expect $17 trillion, by 2030 some $34 trillion, $68 trillion by 2040, and close to $140 trillion by 2050. If Bitcoin can have a 1% share, then we'll reach the market cap of $1 trillion by 2050. If some miracle happens, and somehow Bitcoin gains a 10% market cap, then it can happen even before 2020.  ;D

The CEO from Xapo expects a price of 500 to 1 million dollar per BTC in the next 10 to 20 years. It sounds insane but so did BTC ever reaching 1K back in 2009. If Bitcoin manages to be the #1 worldwide electronic money transaction system it is pretty much guaranteed that we'll see something along the lines, but we aren't used to seeing assets being worth that much "per share" so it creates cognitive dissonance and it makes you think it's impossible, but it isnt.

I cannot see this ever happening.

The odds are stacked against us in a big way. We have millions of people who heard about Bitcoin and most of it was negative.

We have thousands of people who were scammed or hacked out of coins and who would never touch it again. These people would warn other people against using it and it would just go backwards.

Then we have the paid shills doing their thing all the time to make Bitcoin look bad.

I think some other Blockchain type technology would replace Bitcoin within the next 5 years. This technology will be funded and developed by the banking industry. It would perfectly adhere to all the AML/KYC regulations and it would be 100% non-anonymous and centralized.

It's sad but true... The scammers and hackers and the thiefs have killed most of our chances to fly to the moon.  >:( >:( >:(

Well no one knows the future anyway


Not everyone heard a negative news about it. Most people are being lenient towards it because most people arent a tech guy therefore it would be hard to convince people that you can store your money in form of a virtual coin ( you might want to try to tell it to a 50 year old man and see what his reaction is , I've tried ).
The simple resistance that prevent people from using it would be that most business that accept BTC is accepting FIAT as well so why would they trouble themselves with BTC instead?


Same thing with FIAT, there are hundreds on robbery happening each day in a city but we dont see that people are looking for an alternatives or encouraging the others to stay away from it. This isnt the problem for it


If you are pointing fingers to the media for exposing bad news about BTC then I wouldnt say that they are paid shills but basically it is in the human natures to get attracted more to a negative news rather than a positive news by which the medias are actually only doing their job in this case


Basically I wouldnt even dream of this to happen. Why to trouble themselves to create such things while they are in full control of FIAT still?

I can answer the how: When the pricer per bitcoin x the number of bitcoins that exist = $1,000,000,000,000.

The when is a lot harder to answer, although some people could speculate. For example, if all 21 million bitcoins were mined, the price per bitcoin would need to be just over $47,619. Today, with ~14 million bitcoins mined, the price would need to be just over $71,428.

At $244 per bitcoin today, the market cap is about $3,416,000,000 (so $3.4B...which is kind of astonishing, when I think about it.)

If you don't want to do the math you can find the market cap by day here: https://blockchain.info/charts/market-cap (https://blockchain.info/charts/market-cap)

Nobody could predict when it will happen or even whether it will ever become a reality but I imagine, if it does reach that level, it has fully captured all that market share from existing credit card companies, made some headway in retail over the counter spending while economic collapse has eroded people's trust in paper currency so badly that every single individual will have their own stash of bitcoin. It still has a long way to go but not impossible per se. 

That is, IF Bitcoin manages to be the #1 worldwide electronic money transaction system.

But recent stats and developements points to a decline in Bitcoin adoption and usage. The trade volumes are significantly down for the past 6-7 months, even with factors such as the Greek crisis. And the Bitpay CEO has said that they have seen a sharp decline in people using their coins to do the shopping.

When and how will Bitcoin reach a trillion dollar market cap? iam not sure but actually no one predict it, its depend on situation and progress of the bitcoin of course it will take a long time to reach 1Trillion market cap, i think possibly after 30 years maybe

It can do if banks accept bitcoin and enters a fractional reserve banking phase. You will have loans, bonds, futures and other derivatives. Then the bitcoin sector could be worth a trillion. Not impossible in 2020.

after halving in 2024 it will happen !!! 1 trillion dollar market cap of bitcoin

You should stop getting yourself under such delusion because the future is still unclear and halvings will mostly affect miners the most and miners are not the one that controls the price. It will happen eventually if there is a demands on it, otherwise it will be just pure cheap talk no matter how many halvings that we have been through


Where did you get this recent status from? As far as I know the status pointed that we are having more and more transaction also you can check at the block explorer that blocks are averaging on 600kb . Which means that there is only one possible fact for this, more and more people is using BTC and that would be how the marketcap reach higher milestone


Trade volume has nothing to do with adoption or BTC usage. If you want to have a data about this then you should point your view to the number of BTC project that keep on increasing and also BTC transaction as well.

I agree that the halvings leading up to 2024 are reasonably academic, but that one puts the annual coin inflation below 2%. Right now avalanches of coins arrive every day so the sheer dilution makes it hard to tell what the state of the market is.

Post 2024 perhaps it'll start to act in a genuinely deflationary manner.

Why Bitcoin Could Be the Best Investment of the Century
https://atriark.com/blog/bitcoin-best-investment-century/

Yes, it would be a wise future for bitcoin to have an acceptance with said financial institutions and enter a fractional reserve banking phase, exactly which  you are talking about. But being involved with banks is the one thing which destroys the whole function of bitcoin... being decentralized. The banks will make sure that they would control it, rather than just have a reserve banking 'phase'.

Trillion or billion? Last one could happen very soon when Chinese stock exchanges and economy will collapse  8)

we are already at billion market cap, he is talking about trillion, which mean 65k+ for each bitcoin

a bit crazy to thing about that right now, certainly not impossible

A trillion marketcap means that 1 bitcoin will cost about 78.000 Dollar.

Someone will not believe this, but imo it will happen for 100% in the next 5 years, before 2021.
Only some big company must start with bitcoin payment and it will trigger a chain reaction.

A long way to go. But we cannot say that the question seems far away from the actual reality. Bitcoin is taking baby steps into the global economy, days are not far when the bitcoin would have gained enough masses to raise a trillion dollar market cap.

This halving thing is actually great... People think that this means the coin is become scarce and it will be more valuable, hence the price must rise. However, all it means that the inflation rate of bitcoin is halving. Nevertheless continuous money input into the network is required just to maintain its price, not rise.
If the market cap stays at say 1 Billion USD and we keep adding new coins by mining, what will happen? Bitcoin has to attract investors and expend or otherwise increase its perceived value just to maintain and possibly increase it's "price" (converted in USD/EUR/etc).

So this illusion of the coin becoming more valuable overnight after block reward halving has little to do with the actual fact of halving, rather than what people think.

As posted previously, the current market cap is already 4 Billion. (source example (https://blockchain.info/charts/market-cap))


I think some people are way too optimistic. The current market cap is negligible compared to 1 trillion, meaning that yearly 200 billion would be needed to get into the bitcoin economy. Not saying it is impossible, but looking at it realistically, its rather unlikely.

A trillion dollar market cap would be extremely high, as that is a 250x increase, assuming the current market cap is 4 billion dollars. That would be massive, but I do wonder what might happen with Bitcoin to cause it to go this high. Who knows if it is possible though.

It is technically more scarce, no need to for the italicized "think". It inflation goes down, and the result is a more scarce asset, the total supply is constantly shrinking, and the fact the block reward gets cut in half makes it more valuable instantly. The pump will be epic.

The future market cap of Bitcoin is entirely dependent on the success or failure of currencies throughout the world. If events like Greece, China, and Venezuela continue in the future, mass adoption will occur sooner, rather than later.

True, but keep an safe wallet  and use it, Is not easy for many peoples even.

Only the supply becomes more scarce, not the amount of coins. This is what I was trying to point out. So the value doesn't go up because we have suddenly less coins, but because the inflation value goes down a bit. And probably the main influence is because people think that we will have less coins and hence they should be worth more. So the value increase is not because it is suddenly worth more, but because people think it has a higher value (or will have).

Something as big as mass adoption by a majorly populated country like China or India could cause such an explosion in price. That could be a very good thing for all the bitcoin investors, its their god damn wet dream ;) Irrespective of how the chances of that happening is so low, there are factors such as education of the masses, technological barriers and adaptation with fiat to be fixed... that's when such an economic evolution could happen.

You're right . I don't think that Bitcoin will reach a trillion bucks  any time soon or in a short period. It will take a very loooong time . At least it will be close to it by 2024 or something hopefully depending on various other criteria. Nobody can predict if it will actually come to reality .

It can't be foreseen really. It might be huge , or it might be falling down. But most likely the chances are that bitcoin has great awareness,great adoption and awareness, great mass investments which will probably be its road to success. Let's hope for the best.

LOL all you guys hoping that bitcoins will multiply 50x 100x over time hahha. That can simply not happen if major mass adoption doesn't take place. How many of us actually take efforts to spread bitcoin? We all should respect the writers, journalists, film makers, etc within us to create content regarding bitcoin. We should hold a competition and offer bitcoins, then we should market it. That's how we spread knowledge. Just an idea!

bitcoin value will rise up to such amount only if there is mass adoption. we must take steps to promote and spread knowledge about bitcoin. as more people will use bitcoin, value will rise in a stabilized manner. but i think it is about 10 years in future from now.