Bitcoin Forum

Do you think a $1 trillion market cap is possible? If so when and what will be the state of the global economy?

I do believe it is possible, but it'll take some time to get up there.

Nothing is impossible, Increase the bitcoin users can make faster for bitcoin to reach 1trillion market cap. But, bitcoin is in the stage of development do not expect more. it's will make an effect on the global economy,bitcoin will make a domination with other currency or institution.

Which will probably happen some day.

A trillion dollars is around 64,000 usd a btc.  if it happens at the ½ ing we will have 15.75 million coins in circulation

I guess it could happen down the road. Maybe in the next  ½ ing.  

btc is now at 10.8 bill  and eth coin is at 1.39 billion


all other coins do not add up to 1 billion

May be or may be not cannot judge anything at this stage, as market cap of bitcoin is too small at a moment and bitcoin reaching to this position will really take very long time.

Or the 1/2 ing after that. I mean... $64,000 is a lot of money for one BitCoin.

i have found recently that those that throw huge valuations out into the air are usually those holding the very minimum.. hoping their $10 purchase can turn into $1,000, or their $100 purchase can turn into $10,000k.

to me i dont think that we should feed those people with too much hope

to put it bluntly. dont expect it in the next 5 years, especially if your hoping to strike it rich soon

I think such price could be sustainable much later, maybe in 10 or more likely 20 years. First need to be solved the scaling issue, so much more people can actually use the Bitcoin.

But then if such price could be sustainable in the next  ½ ing, your looking for about 25-50 times higher electricity usage just for mining. The more ½ ing you wait, the more the 64,000 usd a btc is sustainable because less electricity usage necessary for mining because people will mine (spend electricity) as long as its at least slightly profitable, and the lower amount of Bitcoins are mined everyday the more such high prices are sustainable in my opinion. If we had stable 64,000 usd a btc in the last year, your looking at 100 times more electricity spend on mining... pretty insane amount of electricity I guess.

$700 was also a lot of money for 1 BTC many years ago! Perhaps we will be using 1 mBTC as "a coin" at that point, which will only be $64!? I think "moon" will be at least $50,000 to $100,000 per BTC.

the micro unit discussion was done to death last year. moving down to mBTC would only be a temporal swap before at some point it would be moved again.
however many people are already measuring their hoards in 'bits'(100satoshi) as that is more of a long term solution and todays value sounds better as
$7=1,000,000 bits
or in the unicorn future of a $64k btc.. $1=15.63bits

Humongous amounts of things would have to change to get to that level. Scaling, power consumption, uncertainty about plenty of aspects about it. And human nature itself would have to change. People are conservative, even more so when it comes to money and most know nothing about what it really is anyway. I think it's possible but in multiples of decades. I'm happy to be proven wrong.

spot on
in short not anytime soon. for rational, logical, social, economical reasons dont expect it in the next 5 years

Really surprising price increase.. Just checked bitcoin rate after two days and found that 130$ more Increased in bitcoin. 2 days ago bitcoin price was only 570$.
Increase 130$ in only two days is Simply Awesome, I can't say what will happen at the time of halving if bitcoin price increase that much constantly before the halving.
now I can feel that we may reach 1000$ possibly..

All i can say that it is possible in the long run. If we notice that bitcoin price from 2009 to 2016 there has been a major and big margin gap. Imagine 20 more years or 50 years from now that will be possible.

Deffinitely possible.