The $1 Million Dollar Bitcoin

[Betwrong]

For 1 Bitcoin to be worth $1,000,000, the total market cap of Bitcoin would have to be $21 trillion dollars. What are the odds of this happening?

For reference, the amount of physical $dollars and coins in circulation are around $1.2 trillion. The global M2 money supply of all currencies are around $45 trillion. The market cap of all mined gold is around $7 trillion.

Will 1 Bitcoin be worth a million dollars? Half a million? Thoughts?

Considering the fact that the global M2 money supply of all currencies is around $45 trillion, as OP said (some say it's close to $62 trillion, idk) , it sounds reasonable that in case Bitcoin replaces all the money in the world it would cost around a million dollars or even more.

However, I don't think this will ever happen, or, to be more accurate, I don't think this will happen during our lifetime.

IMO Bitcoin will be $1000 in two years from now and maybe $2000 in five years.

[1715206925]

1715206925

[1715206925]

1715206925

[1715206925]

1715206925

[1715206925]

1715206925

[Barnabe]

For 1 Bitcoin to be worth $1,000,000, the total market cap of Bitcoin would have to be $21 trillion dollars. What are the odds of this happening?

For reference, the amount of physical $dollars and coins in circulation are around $1.2 trillion. The global M2 money supply of all currencies are around $45 trillion. The market cap of all mined gold is around $7 trillion.

Will 1 Bitcoin be worth a million dollars? Half a million? Thoughts?

Considering the fact that the global M2 money supply of all currencies is around $45 trillion, as OP said (some say it's close to $62 trillion, idk) , it sounds reasonable that in case Bitcoin replaces all the money in the world it would cost around a million dollars or even more.

However, I don't think this will ever happen, or, to be more accurate, I don't think this will happen during our lifetime.

IMO Bitcoin will be $1000 in two years from now and maybe $2000 in five years.

If mass adoption occurs, the price will increase more than that.
IMO the price will never skyrocket until some countries consider it as a safe investment and buy BTC to secure currencies. (not at all in a foreseeable future)

[extrobot]

i think bitcoin will be only $100 again one day, but will stable at this price.

[Barnabe]

i think bitcoin will be only $100 again one day, but will stable at this price.

It has been stable at 250-300$ for a while. Why do you think it's going down again ?

[kromtar]

Bitcoin will worth millions because toilet paper devalue every year non stop, the question is what you can buy when that happen with that millions? a shit car? some burger? 

[Amph]

Bitcoin will worth millions because toilet paper devalue every year non stop, the question is what you can buy when that happen with that millions? a shit car? some burger? 

the real question is can bitcoin survive long enough to see its own  adoption and becoming mainstream and maybe reach these crazy price?, many are scared from this and avoid investing

[kaselit]

UPDATE

[Denker]

I would not even hold my breath about this.
Probably it will never see that kind of high prices. It may only hit like $5000s and even it does it would be counted as miracle.

Then you haven't understood how much potential and influence in so many parts of our daily life Bitcoin can and will have.

[jt byte]

I think that it can be possible but maybe after 10s years.
More big e-commerce shops should implement (maybe all of them)
And bitcoin can cost $1 Million dollar if it starts replacing fiat cash.

[zimmah]

No way that's happening. Even half a million is out of the question. The whole global financial structure would have to be running on Bitcoin for those kind of prices. Even parity with gold seems to me impossible.

you're about 2 years too late for gold parity, since it already happened in december 2013

[gentlemand]

you're about 2 years too late for gold parity, since it already happened in december 2013

How can it be parity when there's over 6 billion ounces of gold versus 13 million or so coins at the time?

[extrabyte]

Impossible? Let me calculate the total market cap if a single bitcoin will costs around 1 million dollar

Total bitcoin 14,790,100 x 1M = The market cap should be around 14.79 Trillion dollar, this can be possible after 10s long years.

[gentlemand]

Impossible? Let me calculate the total market cap if a single bitcoin will costs around 1 million dollar

Total bitcoin 14,790,100 x 21M = The market cap should be around 310.5921 Trillion dollar, this can be possible after 10s long years.

Your arithmetic is looking a little special there. It would be 14.79 trillion. Thanks to my exceptional lifestyle that's still chump change, baby.

[zimmah]

except for the fact that only a fraction of the bitcoin is actually in exchanges i the fist place.

[Decoded]

It's not going to happen, not even $10,000 in plenty of years. We might be lucky if we'll see the price go to $2000 as max ATH, which isn't that unreasonable after we manage to get more investor money on board. But at this point it's a million miles away 

Mars is 40 million miles away, and NASA is sending people to mars at the end of next year :-/ are you getting to say that it's a pretty big chance of getting to a million?

Edit - Ayyy, I see what you did there...

"million"

[Amph]

except for the fact that only a fraction of the bitcoin is actually in exchanges i the fist place.

on top of this, those bitcoin are also in play by few people, they play with each other and some time you get a price increase like the last one, and then a dump

if this condition remain true, there is no even 1k per bitcoin let alone 1M...

[BitTlatoani]

One million per coin? Yes, it is certainly possible.

When I took a dive into the technology behind it, I started to see how this decentralized network could change our lives for ever and in ways we can't even begin to realize today. Mr Nakamoto gave us a "coin" just as an example of the possible implementations. In this case he or she gave us a  product and a service competing in a very tangible market as a store of value and as a transactional currency.

Can you imagine governments importing their records into the block chain for open, safe keeping? Honduras is thinking about it.  How about power grid consumption and charges? South Africa is looking into it. Elections? Real State, health care, Financial transactions, international settlement, smart contracts, proof of existence,  etc.etc,etc.

Stop to think for a minute about the futures marke, the derivatives..., those puppies are a quadrillion dollar fiction market (which will come crashing down on us at some point)  Why shouldn't Bitcoin reach a 5% global market cap within the next 15 years? Sounds crazy? I was told I was crazy when I started mining Bitcoin way back,  and then they laughed at me when I bought bitcoins for a dollar. Guess who is laughing now?


Finally, if you are buying Bitcoin in hopes of exchanging it for more fiat in the future, you just don't get Bitcoin!!

[bitrev]

I don't this will happen in the near future. It is possible but not any time soon

[Andrelvogue]

I don't this will happen in the near future. It is possible but not any time soon

Well let say it happends and you have 1 BTC you just earn 1M dollar doing nothing 

[bitrev]

I don't this will happen in the near future. It is possible but not any time soon

Well let say it happends and you have 1 BTC you just earn 1M dollar doing nothing 

The value of the bitcoin will never go up that fast. I said NEAR future not saying that it's not possible.
And it's not like i would've earned it doing nothing. I work to buy bitcoins, it wouldn't just be handed out to me.