Bitcoin Forum

There's a hard limit on the number of bitcoins that can be mined: 21 million coins, which is expected to be reached by 2140.

The world is expected to add another billion people within the next 15 years, bringing the total global population from 7.3 billion in mid-2015 to 8.5 billion in 2030, 9.7 billion in 2050, and 11.2 billion by 2100, according to new estimates from the UN.

If bitcoin truly does explode in popularity, think about this for a minute;

Only 21 million bitcoins and 11+ billion people.
With this ratio, the possible price of 1 bitcoin could be huge.

What are your honest price predictions given total world popularity in the years 2020, 2050, 2140?

2020: 20k
2050: 100k
2140: 1m

And by 2100 a gallon of milk will probably cost $1000.  It's nonsensical to even talk about such numbers, besides the fact that none of us will live to see it.  Besides, Bitcoin will be a distant memory by then, it will have morphed into something completely different if not replaced outright.

You are right.

Also thinking on future people.

May be none will have to take care on coins.

$100k for 2050 would be a failure. Exponential growth should bring us to $100k during the next decade, otherwise the adoption will not be fast enough for it to reach critical mass and stop any possible competitors in the future.


If we have trillions sitting on the blockchain by 2027 with a price of $100k, the liquidity will be too strong and any possible competing technologies will not get adopted even if they are better.

Trace Mayer is predicting $27k in the next 6 months and it's not even an aggressive prediction.

wait a minute, that value will be reached when bitcoin is the only one project.
but see out there, so many project with some good program and system in it.
and many Coin not only use bitcoin for their pair, they use Fiat too.
clearly, no one know the future in bitcoin. Just enjoy the profit haha  ;D

whenever i thought about it i always felt happy and at the same time fear,
i really curious about this also,what will happen with Bitcoin price and function if everybody in this world use it ?
my first thought about it was,will we use centiBit ? Millibit ? or even Satoshi ?
and what will happen with our fees ? do not you think it will be huge if we use centiBit or below to value it ?
there're a lot of question about what will happen with it,and nobody know the answer.
only time can tell us what will happen,
for me i prefer to stop at $10.000 and less volatility,it would be better other than fly to the sky and then gone forever

If the exponential growth will continue and there are no major disasters it should be something like:
2018 = 15k
2019 = 40k
2020 = 100k
And so on...

I believe that by 2100 we may cease to exist due to some crazy nuclear war so the price won't matter. I wouldn't go as far with the speculations, especially that I'll be long dead.


It will if the dollar doesn't collapse before that. It will become something like those currencies of Vietnam and its neighbours where a cheap car can cost you a couple million in local currency. For example 1BTC = 45 million Lao Kips (LAK) ;D

Well, wonder if we will exist by 2100...
Now, these kind of predictions have their reasoning behind, because the BTC value is rising, more people is getting in touch and liking the features that the BTC have brought to the world! in the end, it can be a currency that can value a lot, or decay because of various reasons, like corporates meddling, laws banning BTC, etc. In the end, it will always be a matter of how things are working out at that time!

I am not good at predicting the price of bitcoin but i am not sure about these sort of high in a very short time,as we speak we in the end of 2017 and a couple of months to reach the said value is just too high, let us see how the fork coming up will affect the price of bitcoin,the price has grown a lot in a very short space and i really hope we could see a good correction after the next fork,then we can predict the price for the future.

Personally I think 100k by 2050 seems too high even if you think it is too low, it is true that bitcoin is accelerating and I would for your predictions to be true, but bitcoin is not being adopted as fast because there is not a need for it, we need another economic shock for that to happen.

Not everyone will be able to own Bitcoin and that's what makes it worth so much. It's exclusive.

This is funny because you are trying to add some proofs and facts regarding about bitcoin touching one million dollars, it is crazy, maybe the technologies would be very advanced by that time, and it is true that bitcoin would be much more useful than now, but 1 million dollars is crazy mate, seriously.
Maybe those people who say that the price will be $20k in 5 years from now or maybe ten are right, but in less time, it would be quite difficult.

2100 is 82 years away. Think back 82 years from now, 1935. If you told them that we'd be able to send movies to people across the world in seconds or have rockets go into space and land themselves automatically, they'd call you crazy.

I would say 1 Satoshi, the 100 million part of a full Bitcoin would value one dollar by the end of the mining period. Soon Bitcoin will be rated in Satoshi because of it's huge valuation !

What will bitcoins value be in 100 years?

Really hard to say, because we will probably have quantum computers by then and that could be a problem with bitcoin. With working quantum computers many bitcoins can be stolen, and trust in BTC could suffer.

How fast will the trust return after the problem will be fixed? Hard to say.

I think the question has to be what will 1 million actually be worth in 2140? If bitcoin gets to those sorts of prices the generations after us should do alright if we pass our bitcoin on.

With the goal of 2% inflation every year, which is the goal of EU and US. The future value of dollar is easy to calculate

0.98^123 =0.0833 So one current dollar will be worth 8,33 cents in the year 2140. That is IF everything goes as the central bank wants and there wont be any major crises  or wars or hyperinflation...

That is one reason why we call them Fiat currencies! The value is going down all the time.

If calculating per capita, each person is keeping the bitcoin number too little. Unfortunately, bitcoin is in the hands of the majority of the rich because they have more money. There are also a lot of people who do not know about bitcoin. This makes bitcoin prices increasing day by day.

I think you should be pretty carefull with predictions over 100 years from now.  ;D

There will be a lot of changes til then, keep in mind what changed the last 100 years (quite a lot)

and the changes keep speeding up. There could be a World War, new inventions, etc...

So I think we should focuse about the next 5-20 years.

John McAfee: ‘Bitcoin moves above  $500,000 within three years. Bets?’
https://twitter.com/officialmcafee/status/887012614131372032

After Token Sale, StockBet will enable McAfee and you to bet against each other.

John McAfee: ‘I will eat my d–k’ on national television if I lose $500K Bitcoin bet

So three years thats 2020 i think reaching $500k is a stretch of course i would like it to be true but i will not bet on it. My speculation is $20k - $25k.

Predicting/speculating  the far future (like 50 years and more) is impossible specially with bitcoin since the technology is fairly new.

For the topic yes there are only 21 million bitcoin that can be mine and some bitcoin could be lost through the years. If bitcoin becomes really expensive like 1 bitcoin = millions then remember that it has satoshi.we do not know but there could be a time that 1 satoshi can equal to one dollar.

 

It's hard to say if by 2140 bitcoins will even be the same technology. I'm sure by then things will have changed so much that what we're using today will be obsolete.

That being said, maybe something better would come along that solved the decentralization issues etc. I'm in for the long haul but getting caught in a rut is not my deal.

Those are eye popping numbers. That is even assuming that there would be 21 million Bitcoins in circulation, which we know is not going to happen. Satoshi alone is estimated to have disappeared with 1 million, so we only have around 20 million at best, without even counting coins that are lost daily. I know that Bitcoin is a deflationary currency but I honestly have never even thought about its value reaching those heights.

Still, this is assuming that we reach global levels of demand, and that Bitcoin will live that long. I'm not too skeptical of either factor, but we're currently still way off mass adoption, and Bitcoin isn't even a decade old. Projections are nice, but there will be hiccups along the way for sure, especially with the length of the time period involved.

For me I'd settle at $10~13k in the next 3 years. But in the distant future, I like to think that the blockchain technology will be used by each country to create their own coin each surpassing bitcoin with better technology, faster and cheaper transactions as banks will be converted to mining farms. Governments will accept but cannot control it. Fiat will cease to exist as these new coins will be the standard and can be exchanged like fiat was between currencies.  ;D

We are sitting here now and talking about 2140, is it too far? The number of bitcoins are fixed, the number of people born and the number of people use it is increasing rapidly.
2020 is 20k but 2050 isn't 100k(i think 200k).

The data you've provided isn't actually significant when it comes to bitcoin price speculation. Take note that not all 11+ billion people in 2100 will invest in bitcoin. Another thing is that the ratio between the users and the bitcoin wallets that they use is not actually 1:1 since some of these people uses multiple bitcoin wallets.

That implies that the population isn't directly proportional to the number of bitcoin users. There's a tendency that in the coming years, the number of bitcoin users will decrease even if the population grows especially that a lot of new altcoins are now available in the market. No one can really predict the price of bitcoin in the future. We should consider other factors that might affect bitcoin price in the future, and the support that it will get from the next generation.

Yes but fractions of bitcoins can be used though the population is more than amount of bitcoins and coming to predictions it will reach 20k in 2019 and will reach 100k in 2030 and I dont know about 1 million

That's the point people are ignoring here. Bitcoin can reach at a very good level in the upcoming years but there are also some pretty good coins like Ethereum, Neo, LTC etc... which might rise well in upcoming years. Also, if the price of BTC reaches so high why do you think people will still want to buy it. Obviously BTC won't be able to provide enough profit if the cost is so high. There are other technologies at a cheaper rate and people will surely migrate to it when they think it's too costly to buy BTC now.
I am a BTC supporter too but there is a fact that BTC will be costly in future  and people will want to explore other opportunities than to invest in a coin that's already out of the league.

Now technology and technology are developing very rapidly. No one can say what will be invented in 5 to 10 years. Therefore, to predict the price of bitcoin for a hundred years ahead, the occupation is absolutely useless and unpromising. It may well be that soon we will have even more new technologies associated with the digital currency, which will eclipse the glory of bitcoin.

nice population prediction/speculation OP, any way if that happen that population vs quantity of bitcoin world wide? bitcoin price will increase huge because of its on going demand in the future. we also know that bitcoin by now is more famous and getting legendary by time pass by, we cant stop the flow of this bitcoin and the growth of population so 11 billion people (not including those people that not educated in crypto) divided by 21million bitcoin = ???? . it become more unimaginable value than gold i think.

in the end we will always be faced with the fact that the amount of bitcoin is very limited and as you explain if the amount is not comparable with the human population in the future.


however, I also agree with the above statement. although the human population in the future becomes more, not necessarily all of them use bitcoin.
besides, with the current technological advances, I am sure that in the future there will be more and more emerging new altcoin which can be the second choice besides bitcoin.

about the price, I can not imagine, the higher the bitcoin price in 2020, and so on.

It post seems nice but am preety worried about something

Well yes the population is rising so are the count of countries that are banning bitcoins.
People are using bitcoins for illegal use thus we are in a pinch right now, to predict anything would lead to hopes that might now be answered in the future because we don't know if bitcoins are here to stay.
With goverment making bitcoins taxable and generating high revenue its preety possible that some people might switch to another investment considering the amount of revenue that they had to pay.
If bitcoins stayed obviously! It will reach 1 million in no time.But I think we should first consider if it stays or not before considering the possibility of it reaching millions.

the world's population of 11 billion is a little misleading because obviously not everyone is going to invest in bitcoin and many of them are children or old people. not to mention all the third world countries which have places without internet or any computer around.

it is also misleading because it is too big :D
if only 21 million people invest in bitcoin, the (21 million +1)th person will have to beg the rest to sell him the coin that is already scarce. that is how this thing will work.

That would be the price of bitcoin when the final year of mining will occur speculated in the 2140 $1M+ due to the demand of the overflowing billions of population If the bitcoin is still the leading and the lifeblood of the cryptocurrencies. We can't really say if the bitcoin will still survive and alive for those future years. It would be there is something new digital coin that will step up and grab the throne from the btc or there will be a brand new system that will beat blockchain technology and produce new currency having a better features and security than bitcoin.

For me the estimated growth of bitcoin price per year from now would be:

2017 ---- $6K - $6.8K
2018 ---- $6.8K - $8K
2019 ---- $8K - $9.5k
2020 ---$9.5K - $12K

So I believe that in year 2020, the current price of bitcoin will be double up.

That is why every satoshi will matter.
Maybe at that huge population that bitcoin will handle it will be satoshi who will be the main trade.
That 21 million is not exact anymore. Many are lost and everyday there may be more that is lost in wallets that are stucked or cannot be recovered.
2020-10k to 15k.

My expectation would be;
10k by 2020 and it is hard to predict price of bitcoin after more than 30 years from now because as it is just a virtual asset which totally depends upon encryption. Also lots of other factors can affect the price of bitcoin at any point.

as an ordinary people which don't following the growth of bitcoin in many places, it is difficult to say how much bitcoin price in the years 2020, 2050, 2140. but maybe i will predict bitcoin price in the year 2020, the price will be more than $10k because we are in the end of 2017 and we have 2 years more to 2020 and the price is reach at $5xxx. i think in the next 2 years the price will be increase too high like my predictions especially the team behind bitcoin will make many new innovations and there is many adoption in every where and this could makes bitcoin price is increase.

I think that was the greatest strategy of Satoshi Nakomoto - the short number of coins and the greatest demand and the huge price in the final. I have heard an opinion that in the future Bitcoin will be used only for money storage, but for payments some other crypto-currency like Litecoin.

At the rate at which Bitcoin is forked and new Alt coins created, we might not even see people investing in Bitcoin BTC in the near future. Every fork or private Alt coin being developed by banks and governments, will decrease the investment in Bitcoin in the future.

Less demand = lower price

The question is, which flavour of Bitcoin would be the most successful in the future. < We added 2 within a year >

The fix cap in supply is some kind of a price rise guarantee for BTC. The more people in countries of the 3rd world gain internet access, the more people will be interested in a deflationary currency because their fiat is not worth a lot and usually suffers a large inflation. So lets hope that they all will have some kind of education and an internet access and Bitcoin can fly to the next galaxy.

Well, this could be true, but at the same time think of it this way.

There's going to be a more and more limited amount of bitcoin. As this happens, the price will go up, as the supply will be too little for even if there was a little bit of demand and those who have bitcoin will be storing it, for example the miners, unless they just wanna sell.

Because of this, at the end of Bitcoins life cycle, everyone will want to sell to make profit, I mean, this could change but this is what I believe it will be.

And so, everyone will want to sell at this point. Causing the price to stammer since there is no demand, but only those who wish to sell. Nobody will end up buying.

Ending up with the biggest bitcoin price drop, ever, and permanent. However, beating this could be simply selling before the price hits its highest point.

But what could also happen is, bitcoin could get so rare it becomes worth so much, but the thing is, most people are using it as a get rich quick scheme.

And it's working, so, we'll see.



Regardless of what I said above, bitcoin is an amazing thing and it can be used to buy things, so, it's not like 'getting rich fast' is the only use of it.

More and more people are interested to bitcoin and his world, because they think that can make easy money
The price is growing up, and in the future it can only grow and grow up :)
Unfortunately i don't think that i can live more than 100 years :D but 1m price for 2140 year is good

When even 10% of world population will know about bitcoin or start storing their money in bitcoin than price of bitcoin can fly to moon. Currently less than 1% of people know or use bitcoin.

Limited supply + Increasing demand for bitcoin = Price to moon

Well yes bitcoin has limited stock and I think that it's possible for another doubling in price but five hundred thousand dollars is just too high for a target. Even now I think it will be harder for investors to easily adapt bitcoin with its price right know. I agree with everyone here, I think about twenty thousand in 3 years is a possible target.

Actually, the limit of bitcoin is now below 21 million. Why? because we don't know how much bitcoin who already lost. If the bitcoin lost, it will no longer be included in the circulation supply. And the longer, the more the amount of bitcoin is lost without a trace. Losing private keys, delivery address errors, and other cases. This makes the bitcoin limit reduced. And I guess, bitcoin will not last that long, because the more days, more and more altcoins are emerging and offering added value than bitcoin.

Bitcoin was designed to increase in value as time goes by. Don't you worry, everyone in this world can still have a portion of Bitcoin.

It was already anticipated by the developer. to make Bitcoin available to wide number of users it was broken up into units that go as far as the 8th decimal point.


There are 100,000,000 satoshi in a BTC.

Bitcoin units.

Bitcoin           BTC           1
deciBitcoin   dBTC   0.1
centiBitcoin   cBTC   0.01
milliBitcoin   mBTC   0.001
microBitcoin   uBTC   0.000001
Finney                      0.0000001
Satoshi                      0.00000001


source: http://bitcoinchaser.com/bitcoin-units-and-denominations (http://bitcoinchaser.com/bitcoin-units-and-denominations)

In addition to the statistics you provided, it is also worth noting that hundreds of thousands of bitcoin will be lost in the future when bitcoin owners die and there is no one to inherit those.

This is one of the best characteristic that bitcoin has it being with a fixed number of supply.
It is true that when bitcoin became widely used by the whole world it's price will exponentially grow,
and if bitcoin will really replace the use of all fiat currency in the world it should be priced at $10 million each
given that it only has a maximum supply of 21 million coin. Which will equate to $210 trillion in terms of dollars.

The only question is will bitcoin be the crypto currency that will replace fiat or another coin will be developed in the future?

3 years from now it could be around $20000. Why? Base on the trend of bitcoin from 6 years ago till this day. Its value increased to $6000 dollars and I guess it became so polular just 2 or 3 years ago. With this kind of trend Im certain about my prediction.

Yes, but don't count on it totally.

You don not want to be that old  guy who is all alone "hodling" bitcoins and never enjoyed life, Waiting for that moment when it is worth a million,

because there are other good cryprocurrencies too so the volume will follow towards them too.

I totally agree with you,only 15k$ by 2020 is to low price and that would mean something was really wrong with BTC.So 100k$ in next 10-15 years is very realistic considering new halving 2020 and every 4 years after that, which will drastically reduce the amount of new BTC on market.

There is many who say that all BTC will be mined by the year 2140,but what is much more important is that around year 2032 almost 99% of BTC will be mined,so that 1% left to be mined actually does not represent any serious amount.

All this will be possible if BTC survive and continue to develop over the years.The price increase will only increase the interest of the public and new investors.

The idea was that bitcoin price will increase in future and the cap only makes its easier for the goal. So in future population will increase and become stable at a certain rate. However the bitcoin will become more scarce. Those who own bitcoin today will pass them to their next generations. If they understand that in future bitcoin price will keep on increasing they will hold it and buy more. The future for bitcoin will be very profitable for the traders and exchanges and so I recommend people to buy and hold bitcoin.

When it comes to bitcoin it cannot be but said again that the amount of that 21 million is not mean for someone to have one. Even today with the amount of people we have in bitcoin, its not evenly distributed because while someone will have 10 bitcoins, someone might not even have up to 1 and by the time the population envisaged comes in satoshis becomes worthwhile.

Also, don't forget that with the amount of fork that we have out of the original bitcoin, it has increased the 21 million cap to about 84 million which if multiplied with the amount of hundred million satoshis in one, it then means that pressure on one bitcoin that would increase that price becomes reduced to a large extent.

Another factor to put into consideration is that we are assuming all we be trouble free to 2020 when the price will reach that when we all know in actual fact if cannot be all trouble free.

Once reached its limited supply then Bitcoin will easily increased its price due to traffic demand! ;)

Personally, I'm more inclined to believe that bitcoin will reach its peak in the price within 2-5 years, and therefore it either does not become, or replace bitcoin with more promising, safe and high-speed crypto-currencies. For example such as Bitshares. After all, as far as I know, bitcoin is 80% already collected. 8)

Even if John McAfee is wrong, we don't really want to see him eat his d--k on national television.  We'd rather just see him lose money on this bet.

Neither am I or you going to be alive to see BTC being mined completely. Even the miners who are mining today won't be the ones mining the lost block. We are making some predictions that we are not gonna be able to find out if they were correct or not, so I would rather not predict BTC's price in year 2100 or later.

First of all, with the current population of the earth not everyone has INTERNET connection, and about only 3 B people are able to connect.
It'll take more than a decade before people begin to use Bitcoin as a necessity. Sure the revolution for cashless society has began, but banks wll eventually see a way to change the tides.

it'll take a longer time than that before the everyones uses digital currency, or Bitcoin for that matter. And we don;t know, someone might outperform Bitcoin by that time.

I think it can reach $15K-$20K, 30 years from now is very long period for speculation and I am really not interested in what will happen in 120 years from now. I also think that bitcoin can't reach $100K or even $1M because in that case you won't be able to use it for micro transactions and not to mention high fee you will pay for every transaction.

I think this prediction might be a bit off.  I know we will get 20 k before 2019 because the next moon rise will be around in another year or so,  In 1 year. you should have based the prediction on an every 5 year scale.  Bitcoins will be at 1 million dollar each before 2030.  I know that demand will be higher then supply before 2025.  Miners wont be able to keep up with the demand due to hoarding.

Most likely, Bitcoin hit a 1m way before 2140.

What will be interesting is if the last Bitcoin available for mining will be worth $1m or more and all of the miners in the world are frantically trying to get that last one.

Even if the price of btc reach 1m by 2140 I predict it wont be that much value since the inflation rate is so high that $1m wont be much. And since there are new technologies being develop everyday there is a chance that bitcoin might be replaced in the future. And it should be the least of our worries because we are dead by 2140  ;D

of course im agree too, if more people know about bitcoin and want to invest on it (bitcoin become more popular in this world) i think bitcoin rate wil going up like a rocket, as you can see that bitcoin rate on 2015 is $400 but right now bitcoinr ate is about $5500++ because of people curious about it and want to join/invest win bitcoin

It seems to be quite a right when thinking a bit. With this calculation, if the bitcoins was evenly distributed, everyone had to have approximately 0.002 bitcoin. This is incredible. I think this explains why bitcoin rise.

And on 2100, most of us probably here is dead already. It's a new set of generation of users and you are right. There will be some innovation that would happen that time. Just that we dont know and we are not sure of if bitcoin is lost already that time.

The only thing that could stop exponential growth would be a big unilateral ban coming from major countries such as US, but we already saw that we can recover from huge bans such as the Chinese one... so I don't really see a way to stop bitcoin at this point, and it's not that im saying that because in vested on bitcoin, i legitimately do not see a damn way to stop bitcoin.

With the data you have provided about increase in the world population,it seems that bitcoin price would reach $1 million before 2100 itself.On one side bitcoin getting familiar to more people and on the other side,population exploding very high,definitely there would be a very big scarcity for bitcoins in future with people just holding their bitcoins and not willing to sell.

By 2020,it would reach $15k

By 2050,it may reach $100k.

By 2100,it may reach $1 million.

in the creation bitcoin has a function calculation, so many predict, "that bitcoin will be completely have formulas after 30 years of use." , so that in 2039 bitcoin can be known naturally. I can not be sure bitcoin in 2020 will have a value of 20k $.

Bitcoin won't be national currency in every country. 21 million is not enough, even if we divide it to satoshis. We can't just make another hard fork which would double the amount of Bitcoin because:
- the price of Bitcoin would rapidly go down,
- it wouldn't be a Bitcoin anymore.
That's why it may stay in trading as an universal currency.

One satoshi for each of the other people. I get the rest.     ;D

The point is that Bitcoin doesn't need to function as national currency. I am perfectly fine with Bitcoin being just an alternative to everything the currently ancient financial system has to offer. People for once should just stop thinking about Bitcoin replacing banks, fiat, governments, etc. Bitcoin is here and working as it should be, so people should just use it and continue with whatever they were doing. We just have to accept the fact that the entire world population will never be fully in crypto as long as the fiat system is serving them well enough.

Bitcoin price prediction really is very hard. The uprising of crypto itself has proven that how fast tech and economy could move in a very short period of time. In the future, AI, quantum computing might again disrupt legacy technology like blockchain including bitcoin.

Your predictions are simply too high the exponential growth cannot continue for the simple reason there is not a unlimited amount of cash that we can put into bitcoin so at some point bitcoin growth needs to slowdown and this is good since that is going to give to us some time to accumulate even more bitcoin for the future.

We can always change the crypto we are supporting, however it is going to take a lot more than a crypto that is marginally better than bitcoin in order to make any kind of switch, the coin will need to be many times better than bitcoin and that is something difficult to picture at the moment.

For the topic yes there are only 21 million bitcoin that can be mine and some bitcoin could be lost through the years. If bitcoin becomes really expensive like 1 bitcoin = millions then remember that it has satoshi.we do not know but there could be a time that 1 satoshi can equal to one dollar.Maybe at that huge population that bitcoin will handle it will be satoshi who will be the main trade. If bitcoins stayed obviously! It will reach 1 million in no time.But I think we should first consider if it stays or not before considering the possibility of it reaching millions.