Bitcoin Forum

Raoul Pal was a fund manager of the largest hedge funds in the world. So anything he says can't be considered pure hype or shill. But according to him bitcoin could reach $100,000 per coin. My question is what will happen to the miner fees? Will it still stay at .0001?

Miner fees would likely increase in correlation to that value. It will take some time to reach that market cap, but it could happen.

The miners fee and the value of the bitcoins will grow side by side, and adapt to the changing environment, but I doubt if we would see any price in that range for a while to come. You will have to see some major increase in the adoption and a huge demand for the coins to reach those levels. We all want Bitcoin to reach $100 000, but the scaling needed for that kind of growth are not within it's scope now. Let's hope SegWit and side-chains will give us that capabilities soon. ^smile^

I think anything can happen- but when is it going to happen?

If 1 BTC can become $10,000 in the next 5 years, that is consider extremely good performer. $100,000 unless the depreciation of USD is very bad...

I see these kind of speculations as unrealistic at all. this will never happen soon. it would only if all the world used bitcoin and the supply raised dramatically. the mining fees won't be a problem because it is not a fixed amount. it goes up and down based on how fast you want your tx to get confirmed

Bill gates can say Bitcoin will be worth billions each, so can anyone else, no matter how qualified someone may be, it doesn't change the fact that Bitcoin is not just something you can predict anytime soon

$100k per coin is at least 10 years away and would virtually need every single variable from segwit, side chains, adoption and regulation to break in its favour. To my mind $25- $30k over a 7 to 10 yr time horizon is possible.

That was quite a while ago in 2014! I wonder if he still think the same way. He basically calculated the $100,000 using his prediction of $1,000,000/coin x 90% chance he is correct- what a way to predict the future!

If the price per coin really goes up to $100,000, I think the fee will still be about as low as now ~$0.05, which will make it about 50 satoshi!

I hope that the Bitcoin is ever going to be that high because then I will sell some coins, most peple are then going to sell some coins.
Has he also mentioned when the Bitcoin is going to reach that because that is the most important.

Yeah it may not be a shill or hype but it is also may not happen (speculation of one known people doesnt mean it will happen).  Anyway txfee is what you set when you send transaction to be able to be confirmed faster.  I think the tx fee required is still the same unless the developer modified it and lessen the fee required for ea transaction.

I dont think this could happen unless a whole load of people jump on the mining wagon because at the moment if  a mner manages to hit a block solo then that would mean stright off the mark hes made himself 1.25 million. And since the cost of mining a block is nowhere near that the only thing that could happen is mining would increase. Any news like this is certainly good news for bitcoin though.

I hope btc reach this value not too soon unless I can't play the party  ::)

I do not know this guy and what he has achieved with his hedge fund so far. There are good and bad hedge fund manager. Good fund manager are usually tight-mouthed.
Probably he is invested into Bitcoin and wants to give it some more coverage by stating this and to bring more non tech-savvy people into Bitcoin investing what pushes the price.

Man I don't believe claims from Bitcoin 'specialists' and 'experts' any more. There were Wall Street high-profile stock brokers who said that the price of Bitcoin would reach $5000 in 2014 after the all time high but the price crashed to the ground instead. And we don't even know if Bitcoin will exist in a couple of decades. $100 000 is just wishful thinking and nothing more.

i don't know him or who is he and this is first time i heard these names also i think he only talking what he want to talking about and he cannot showing valid proof regarding his statements because i didn't see it now and obviously he only just speculate and basically i don't trust all what he said

What's the most likely price point where bitcoin will be at the highest ever in your opinion? Did we already witness it at $1200?

Your right, stable Bitcoin price roughly equeals to the electricity spend to mine it. But luckily, every four years we have halving where miners basically only get half of the coins.

It means such high Bitcoin prices are possible after many Bitcoin halvings, indeed, I mean if Bitcoin still remain number one choice out of all cryptocurrencies as well. But if Raoul Pal said its realistical after twenty or more years, it could be not so interesting to many anymore I guess. Plus the risk Bitcoin might not have such dominance in useability among cryptocurrencies after 20 years anymore, and when I hear small blockers to just use other coin for lower value transfers instead of Bitcoin, this is very likely scenario.

I hope it's true. but in my opinion it is not realistic, I do not believe what you can create bitcoin prices rise so high.
and for miners fees, I think it would be fixed and should not be increased. because bitcoin is a currency that has a low fees.

That is very huge amount so everybody love to have this price for a BTCitcoin, although it is really hard to predict about the real value of any crypto currency, I hope so one day price will touch that barrier but nobody knows when it will happen, maybe it will take some more years.