Bitcoin Forum

There are approximately 10 million millionaires in the world. So even if only all the millionaires would have Bitcoins and no one else, there would only be about 2 Bitcoins on average per millionare.

TL:DR: There is lot of potential for upside.

Are you implying that anyone holding 2 bitcoins will become a millionaire?

Just wait and see. ;D

By the very definition of the word millionaire, they won't be. They'll be holding 2 BTC, not 1,000,000+.

What purchasing power these 2 BTC is a completely different story.

There are 200,000,000 satoshi in 2 BTC ;D

There is approximately 10 billion solar systems in our galaxy.

Therefore, if humanity expanded to each of these solar systems, and assuming each has a single habitable planet there would be approximately 0.0021 BTC for use per solar system.

Assuming each solar system has approximately the GDP of earth (~71 trillion $USD); this would give a value of 1 Bitcoin equalling roughly a BAJILLION crisp American dollars.

So hold tight everyone, it's gonna be a crazy ride!

(I would recommend investing in some form of cryostasis to be around to see this though.)

Dollar millionaires, or bitcoin singulaires.

you mean, bitcoin Doubleaires?

Singulaires representing either single digits of original full bitcoins, or the new singularity. ;D

I Don't get it

Terrible logic lmao.

imagine all of this millionaires bought their 2 bitcoins except one of them. How much those last two bitcoins would cost.

Now we're thinging.

This talk about millioners buying bitcoins always comes at the tops of the waves - a bearish sign.

many bearish indicators around this forum yesterday and today (man the permabulls who got rolled over in April who are now confident enough to go on and on about 5-figure BTC tomorrow really get me) ...... if CNY doesn't start recovering soon i think i will dump and wait this out

Dump to what?

dollars. above 1200 cny now though.  :)

I was punching some numbers yesterday.  I was thinking that realistically the market cap of Bitcoin would potentially equal that of the biggest corporations in the world (I know Bitcoin is not a corporation but just go along with me here.)  Let's say that it does equal Apple and has about a 500 billion market cap.  With all 20 million Bitcoin in circulation that would mean 1BTC would be worth $25,000.  That is still a long way from a million.  I don't think it is realistic to think it could get to a million but someone please give me reasons why I am wrong in this.  ;D I guess if it becomes the world's reserve currency perhaps?  Is that a bit of a stretch?  I guess time will tell but I do think that $25,000 should be attainable at some point.

I always worry about leaving my flat on an exchange.

Bitcoin doesn't scale to that size due to the speed of light and the need for the network to synch.

These other systems would likely have their own while Bitcoin would be limited to the Earth, Moon and Mars economies - even Mars might have its own Marscoin.

Largely trading knowledge streams directly is the only viable options for interplanetary economies and beyond.

I think it's the store of value qualities that could potentially allow for extremely high (inflation-adjusted, say 2008 $) valuations. The bitcoin price is set at the margins and "market cap" (really total monetary base) is just symbolic. Imagine taking 1% or possibly even less of all the money squirrelled "offshore" for tax avoidance/evasion purposes, combined with all the other potential store of value uses for bitcoin, then add that to the "bid" side of the exchange ledger. Excited now? ;D

Note: I'm not saying bitcoin has to or will have seven-figure prices in 2008 USD. Not at all. But if it's used as a serious store of value and/or major reserve currency then maybe $1 million plus per bitcoin is achievable. Maybe.

Or...multisinguaires. I feel good about being a multisingulaire.