Bitcoin Forum

Investopedia wants to know if 1 Bitcoin could be worth $1 Billion USD?
http://www.investopedia.com/articles/investing/051414/could-one-bitcoin-come-be-worth-1-billion-qa.asp

in 99% of situation not possible.
All cryptos market cap and bypass all fiat market cap but 1 bitcoin cant be worth on that sum.

$1 billion is unreasonable. The USD monetary base is about $4 trillion ($800 billion before Bernanke went on his drunken money printing spree). So, if BTC completely replaced USD, 1 bitcoin would be worth $4 trillion divided by 21 million, or $190,000 and that is no where near $1 billion.

I have to agree. Even if one Bitcoin was one billion, some currency bans and heavy taxing would occur.

Bitcoin price fully depends on speculation and panic buy/sell basis. It is far away from Investopedia's suggested price. And It will take considerably a long time to achieve higher price when we relate with current regulations to bitcoins by various countries. People are always looking for others suggestions and fail to make their own decisions on bitcoins and altcoins. Several startups start to function with bitcoin but failed due to lack of clear understanding of crypto currencies. We have seen a list of companies that was shutdown in the past with no proper cryptography implementation. Finally, I again suggest it will not be possible to reach $1 Billion USD.

Yes it's possible. If the Federal Reserve prints more and more dollars and a billion dollars is only worth a house or two.

He is thinking that a billion = 10^6, not 10^9. Remember, in some countries, million & billion are switched around in their meanings.

I don't think any countries "switch" million and billion, I know some countries call 10^12 a "billion" (ie a million million). Could be a typo though, I've heard this pricing argument with 1 BTC=$1m quite a few times, I don't think it will happen though, any price over $100,000 is pretty damn unlikely for the next 10 years IMO.

Why use monetary base when FIAT numbers are infinite?

BTC will lose all values when CB successfully gain control technically by destroying its trust by high volatility and stagnant liquidity.  Even BTC can now run by state controlled ASICS.

The BTC 2.0 must solve all the above 3 problems.  ASICS proof is a must.

21 million BTC VS 1 billion each = 21000 trillions market cap.


I think this is more than the world's GDP.
Impossible to happen, unless USA gets some decades of post-WWI germany inflation.

firstly the OP needs to read the article. it talks about $1million not $1billion, but anyways.. the topic is now set as billions, so let me continue:

I recently researched that the average life savings of people is $44k
That is round figure of other countries converted to dollars. and averages of the rich and poor. all gathered from multiple statistics websites.

so now $44k x 7billion = 308,000,000,000,000

now 21 million bitcoins ever to exist

308Tril / 21mill = $14,666,666.66

so there we have it. if every single person in the whole world dropped their native currency and wanted bitcoin. then the max value of bitcoin is estimated at around $14.66mill

but w al know not everyone will want bitcoin for local, national, social, political reasons. so i think that maybe 1-5% (about the size of a country (currently we are at about 0.017%)).

and even with 1-5% wanting bitcoin they would probably not have every penny as bitcoin, they would diversify by having maybe 10% as ready to use local currency, and an even split between bitcoin gold and silver (atmost 30% bitcoin holdings on average)

yes there may be bitcoin fans that hold all 90% as bitcoin and 10% local currency(as time goes on less likely due to world demand)
yes there may be alot more holding 50-90% local currency with only 10% bitcoin.(as time goes on more likely due to world demand)

so now some context is given.

let say 3% population having 30% bitcoin holding

=210million people with $14k life savings in bitcoin = 2,940,000,000,000 (2.94Tril)
=2.94Tril / 21mill coins = $140,000 per bitcoin

and that is what i predict as the 'mass adopted year 2140 bitcoin price' $140,000

though i do prefer predictions like every 'of age'/adult (5billion) having atleast one months minimum wage salary ($1200) in bitcoin
=$6,000,000,000,000 bitcoin market cap
=$285,714.29 per bitcoin

all of this goes to show that even in context with semi/rough statistics to go by i dont think bitcoin will pass $1billion per coin. and at a stretch there is a SMALL chance it will pass $1million per coin

Nothing is asics proof. They will crack x11 and scrypt n with asics this year. It's all about getting more hash rate while using less power. GPU's dead or dying unless they can come up with a GPU that uses less than 50 watts of power with a 1mh/s hash rate....lol! Not going to happen anytime soon.

BTW, somebody at Investopedia fixed the article. It used to say "$1 billion" and now it says "$1 million".

Regardless, 1 bitcoin will never be worth $1 million of today's USD. As I wrote above, it will be worth only around $190,000 if it replaces USD completely.

It's not just possible, it's inevitable, of course by then the whole dollar would get into hyper inflation and crash, nobody will accept it for any physical good. A bottle of coke will cost you half a billion.

Dimecoin = ASIC proof  ;D ;D ;D ;D

At $190,000 I would be one extremely happy person. Maybe even a little rich!  ;)

The whole point is that at the time the dollar would be so worthless that 190,000$ would be about enough to buy yourself a juicebox and go nap nap with your blankie.

ok ignoring the whole world stats and just concentrating on USA

average life savings =$55k (worldwide $44k)
217mill ADULTS (over 18 that have oppertunity to work or at age to have a bank account)
=13,035,000,000,000 about $13trill in supposed dollars for all adults to share
13trill / 21mill coins = $620,000

so if every american dropped the dollar and invested all of their life savings into only bitcoin (no gold, no other precious assets) then a bitcoin would be worth $620,000

but like i said in my previous post. not everyone will.. so lets say people only invest under 30% of life savings into bitcoin then yep you come close to the $190k.

so with 3 theories the range for worldwide acceptance to store just a months salary, to the US solely-hoarding and converting 30% of life savings to bitcoin. the estimate is about $100k-$300k maximum

Very good point! I had my rose colored bitcoin glasses on and wasn't really looking at the whole picture!  8)

1 Billion is not possible, but who knows.  $10,000 or $100,000 is more reasonable.

Notice the link:
http://www.investopedia.com/articles/investing/051414/could-one-bitcoin-come-be-worth-1-billion-qa.asp

Investopedia changed the article's title from 1 billion to 1 million.

I think Investopedia just wants to see their own name in major headlines with something like this.   Also to see how many people will bite and try to rationalize how this is somehow possible...

The article mentions a number off by 3 orders of magnitude. I don't think it could reach that or even $1Million USD no matter what happens. People are slow to change and that's how it is. Probably in the $40,000 range, maybe $400,000, but no higher.

yes, maybe they're trying to bait bitcoin "to the moon" fanboys by saying stupid shit like it could be worth $1 billion per coin. i don't even have enough BTC to buy myself a car even. isn't everybody sad for me?

IMO, $10,000 is more reasonable. $ 1 billion is too optimistic scenario

Predicting future bitcoin price related to fiat currencies is silly. Any value is possible, if for example USD enters hyperinflation.

It's more reasonable to relate price predictions to commodities like precious metals or basic foods (wheat, sugar...).

If you're going to dream, dream big. :-) In the meantime,it's $450. :-)

There's a difference between dreaming big though and just dreaming complete insanity. I personally cannot see a case where we have BTC value at $1 billion USD/BTC - it just seems completely and utterly absurd.

In my mind: $10,000 is pretty damn far too. All this 'speculation' is really just fantasy. $1billion might seem like a lot, but they claimed to have some logical reasoning behind it. Personally I think even $10,000 is even fantasy. But if you are going to invent any reason to support any idea, might as well go big.

The OP really should change the title to 1 million. That's what the article is discussing. They ballsed up their title.

Since we are talking dollars here, and not Euros or some other fiat...

I think if you research it you will find that the formal national debt of the United states is around $17 trillion, and increasing. I say United States because the dollar is associated with the United States, formally.

Part of the way that fiat money works is that, for every debit somewhere, there needs to be a credit. What this means is that for there to be a debt, a debit, there needs to be someone who owns the debt - that is, a credit(or), a credit. This means that there has to be with regard to the United States, at least $17 trillion dollars sitting around somewhere.

The U.S. Dollar remains the main fiat money of the world, even though other fiats and other actual valuables are traded as money here and there around the world. I think that if you research it, you will find that there is something like $200 trillion worth of U.S. Dollar debt in existence around the world. This means that there also needs to be $200 hundred trillion dollars worth of credit in existence. NOTICE THIS. It is only debit/credit using the Dollar as a measurement of the amount of debit/credit. It is NOT Dollars at all! even though we call it dollars.

Now, by far the largest amount of this debit/credit, U.S. Dollar money has not been printed. It is simply entries in ledgers in the banking system and elsewhere. Yet, if the system collapsed today for one reason or another, what MIGHT the value comparison between Bitcoin and the Dollar be. Simple math would suggest that something like $9.5 million to the Bitcoin ($200 trillion divided by 21 million), BUT ONLY IF Bitcoin happened to take over as the world's currency.

Why is the collapse of all fiat money imminent? Because, as has been stated above, fiat is NOT MONEY. It is simply an exchange of debit and credit when people and businesses of the world trade real materials. In other words, fiat is simply using make-believe-debts to trade for REAL goods, materials and labor. When the people realize this, they will collapse the fiat systems, because they will also realize that all the trading that they do involves handing a portion of the trades over to the bankers, increasing the bankers' wealth for nothing in return.

The question is, when this happens - fiat collapse - will Bitcoin survive? Or will people go back on the gold and silver systems? Or will there be something else? Remember, unlike gold and silver, Bitcoin could collapse with a collapse of the Internet or the power grid. And like gold and silver, you can't eat bitcoins.

Bitcoin will probably never approach $1,000,000,000 per Bitcoin. But it just might outlast the Dollar when the fiats all crash. But you never know. When fiats are about to crash, banks might make gigantic ledger entries in a last-ditch attempt to stall the crash.

:)

there are to much bitcoin and crypto currency haters for that to happen :/

Well that will never come true, never ever!!! It can only happen if the price of dollar falls down by thousands of percenrage

the dollar or the euro has nothing to do with this.

when everyone would use bitcoin and it where implementet everywhere it could happen

My guess is bitcoin will never reach one million. May be $1000 but not one million USD.

problem with his scenario is that he is assuming we would still peg our exchange rate of bitcoins to a worthless dollar. what the questions asks is how much will the purchasing power of a bitcoin be if compared to the purchasing power of a dollar today BEFORE the dollar is worthless. when the dollar is worthless we won't compare the value of a bitcoin to a dollar. maybe a better question would be: if 1 Bitcoin could be worth 500 - 1000 ounces of gold ???

Well if the price of dollar drops significantly the inflation will increase and there would be an increase in price of everything, even the bitcoins, but however in this case even if the price per btc increases their value will remain same.

The "price of the dollar" drops when more money is added to the currently available amount. The "price of the dollar" is in essence the purchasing power of the dollar. With regard to Bitcoin, the "price of the dollar" is the number of dollars that you can trade for so many bitcoins.

Basically, the 3 things that control the value of the dollar with regards to Bitcoin are:
1. Manipulations by the Federal Reserve Bank, including dumping more dollars on the market;
2. The increase of the number of bitcoins due to mining;
3. The value that users of the dollar and Bitcoin place on both of them.

There are $trillions of dollars that are sitting on the books, in the ledgers of the banks and the super-rich, that if they decide to dump even fractions of the amounts available to them, onto the public market place, there just might be massive inflation that could destroy the dollar. Examples of this happening abound in many currencies around the world. One of the most recent and openly documented is that of Argentina, 2 or 3 times over the last 50 years. Another is WWII Germany, when the 3rd Reich was pressured by the war so that it didn't have any choice but to print massive amounts of the Mark.

If Bitcoin starts to threaten the dollar in any substantial ways, the only REAL choice that the bankers will have for retaining their position as the "Power Elite" will be, print more dollars, or dump more of what they have on the market. But the more they print and dump, the faster their system will destroy itself with inflation. However, there is a chance - a slim chance at best - that they will succeed in hypnotizing the people into accepting Dollars over Bitcoin. It will be interesting to watch the thing play out.

:)

1 btc= $1 billion is not likely unless fiat implodes big time.

Nonetheless, 1 bitcoin can hit $100,000 in coming years.

Should really focus in on how to enhance the infrastructure and to get major institutional investors onboard. $1,000 should be the next goal that we should reach. I am hoping it will play out like it did when we hoped for $250, then the crash.

if we get another big rally, $1000 might be the new floor.. or a higher number even. it's so volatile that it becomes pretty hard to predict.