Bitcoin Forum

What Would Be The Price Of Bitcoin If All Europe Would Start To Accept Bitcoin For All Payments?

As of 2013-14 around 2 trillion Euros been spend via Credit cards in europe, which is equal to 2 Billion Bitcoins.

But current Bitcoin in circulation is around 16.5 millions which is almost 120 times less , it means if all people in Europe will start using Bitcoins then it price might reach somewhere around 100,000 € per BTC or even more  :o

I don`t understand your question.What do you mean by "all payments"?
Do you want the EU to ban the euro and adopt bitcoin? ;D
There`s no problem to use bitcoin in most european countries.I don`t know about any EU country that banned bitcoin.

That's the plan for bitcoin in the future and not just one continent but all the world, however that's kind of like a wish if it comes true .
$100,000 per bitcoin is crazy huge though.

it doesn't work like that, it must be done with the average amount that those people are willing to spend to acquire their bitcoin

saying that many people will use bitcoin and this will increase value, might be incomplete, what if those people only buy 0.01 btc? they would not contribute to anything in terms of increase the value

Yeah right, accepted as payment in all the world it bitcoin plans in future. The price increase will surely happen if bitcoin accepted as payment in all the world, but I think not directly be $ 100,000 because I think it is too big. But that would certainly occur if bitcoin accepted as payment in all the world will make bitcoin fluctuations continue to increase and it is stable not falling.

Archive : 11 500 USD if Bitcoin is used for all internet orders.

http://imagizer.imageshack.us/a/img907/7189/rM2FEo.png

https://ybitcoin.com/articles/bitcoin-as-an-investment/

Pretty cool chart, nice to see the different scenarios, some not so achievable as others but a good overview.

If all EU start to accept bitcoins demand for bitcoin will increase a lot. First there is not enough coins for everyone, price can be 10k, 20 k, that is ok but that will not be affordable to many EU citizens. If this happen which altcoin will be behind bitcoin? Bitcoin will be first, most expensive coin that is certain, because of that much more interesting is who will be behind, which altcoin can follow this and which coin can worth 1000 $ when bitcoin will cost 20 k?

They will not necessarily need to buy a full bitcoin, they could buy a fraction of it, besides if something like that happen I think we could see a huge bubble forming since very soon people will realize they can buy a bitcoin for a price and then resell at bigger price at a later time.

1% of hedge and god are easily doable although the price can go above these figures without this. I think we should all be gunning for 25% of black market trades, it seems doable quickly and $€44,000 is a great price to reach in the next 2 years. Not sure what this would do to the regulatory environment in many countries but I think I could take a world wide banning at that price that quickly.

25% of black market would be cool to reach, because 47,000 USD per BTC would almost make 21 BTC holders millionaires.

I think the "all internet commerce under BTC" is stupid, it would require that all countries in the world accept it and don't have fiat, it's nonsense in my book.