Economic facts: BTC price can be 60K up to 1.6M US$ per Bitcoin

[leopard2]

even if only a tiny fraction of the worlds money supply moves into BTC, a price of 10 000 or even 1000 000 is easily possible

check this out

http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/

world money supply 80 000 000 000 000

approximately 67000 $ per bitcoin, even if only 1% of it moves into bitcoin

But wait, total world debt is 200 000 000 000 000, and in case of a fiat currency breakdown, this debt has to be converted into money (so called monetization of debt; typically done as part of a monetary reform). And mind you, if a major currency such as the EUR goes belly-up, the others will follow, as people will wake up and lose confidence in fiat money. What else is out there? Gold? Not broadly available, not practical. The only thing that could replace a broken fiat currency today, is cryptocurrency. If debt is monetized, those scam-tokens will flow into Bitcoin in a matter of weeks.

----> theoretical potential of up to $1.6 million per Bitcoin

Naturally not all money will move into Bitcoin but it is a clear thing, that 10 000 or even 50 000 are a nobrainer, and fiat money (and debt) is exponentially growing

Silver is also good.

Sleep tight LOL  !

and HODL!!!

[jaredboice]

even if only a tiny fraction of the worlds money supply moves into BTC, a price of 10 000 or even 1000 000 is easily possible

check this out

http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/

world money supply 80 000 000 000 000

approximately 67000 $ per bitcoin, even if only 1% of it moves into bitcoin

But wait, total world debt is 200 000 000 000 000, and in case of a fiat currency breakdown, this debt has to be converted into money (so called monetization of debt; typically done as part of a monetary reform). And mind you, if a major currency such as the EUR goes belly-up, the others will follow, as people will wake up and lose confidence in fiat money. What else is out there? Gold? Not broadly available, not practical. The only thing that could replace a broken fiat currency today, is cryptocurrency. If debt is monetized, those scam-tokens will flow into Bitcoin in a matter of weeks.

----> theoretical potential of up to $1.6 million per Bitcoin

Naturally not all money will move into Bitcoin but it is a clear thing, that 10 000 or even 50 000 are a nobrainer, and fiat money (and debt) is exponentially growing

Silver is also good.

Sleep tight LOL  !

and HODL!!!

Anyone who thinks that Bitcoin isn't undervalued right now is certifiably crazy.  The marketcap should be at least 50x higher than it is now

[~Bitcoin~]

I don't know how much time it will take for this but i am sure within few more years bitcoin will beat paypal and be top in online payment processor world which can easily double or tripple the bitcoin marketcap as online payment processor hold billions of transaction per month. Holding bitcoin for long term is the best decision any can make right now.

[Sharma]

Nice facts/stats you got there. It is definitely possible for it to rise up to that high, either as a direct result of inflation or just because people are ready to get into the market.

But seriously though, I doubt anyone will be using USD when BTC is worth that much anymore. BTC would be used to measure almost everything.