The $1 Million Dollar Bitcoin

[tobacco123]

I think 1BTC = $1000000 (= 10 ounce gold for example)  is possible in the future.
We speaking about dollar, a currency controlled (and issued) by the US...
Think an hyperinflation.

Maybe we can forget about the hyperinflation... Could we measure value using food, for example a loaf of bread (of a certain weight)? Let say 1BTC = 100 loaves of bread in 2016, how many will it worth in 2026?

[Pab]

Will you buy for 1 mln if dollar will enter in hyperinflation than 1btc will be 1mln but dollar will be worth nothing

[qiwoman2]

I can't see it happening in my lifetime. Unless there is mass adoption of bitcoin it won't happen. So many are not even aware of its existence, let alone the power it holds for investors. If I wasn't invoked in bitcoin none of my family would have a clue about it.

[Invulner]

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?

By the time that happens, fiat would be so worthless that we would probably count our earnings not in fiat, but in some other currency...

But yeah, it'll happen one day.

[Hirose UK]

Yes it could happen, if it becomes huge and used worldwide in trading and financial businesses. Even experts are acknowledging this scenario, but giving it just 0.02% chances of happening. Well even 0.02% is better than 0 chances!

http://www.coindesk.com/wedbush-report-projects-400-bitcoin-price-by-2016/

there's a possibility, but we have no idea when it will happen.

just my thought, it will take along time and maybe we'd already died when it happen 

[MyBTT]

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?

All I can say is that the odds of that ever happening is pretty much zero seeing as the price is only $430 right now.

[FabioDelcatto]

It will be crazy if this would happen in the future. The people who are investing bitcoin right now would sure be happy with that. But it would make bitcoin not for everybody anymore. 

[Nahl]

It will be crazy if this would happen in the future. The people who are investing bitcoin right now would sure be happy with that. But it would make bitcoin not for everybody anymore. 

everybody will glad if this really happen including me but it's very difficult to be realized also perhaps this is impossible because even the price has never again to reach $1000 and how could that possible bitcoin prices will be worth to $1000000

[hawkins]

I doubt it could happen. even the high price of gold never come to that. and if the price has become very expensive bitcoin, bitcoin may be used only for the rich only 

[lissandra]

chances are is high.

if we already hit a market cap for $1 mill, then its safe to say we grow in volume eventually through the rest of people getting on evetually at a slower pace.

[Kartikay]

No it can not reach that high. It is very difficult for it to reach that position so soon.
Odds of it are at that time earning and mining bitcoins would be very difficult. And if you invest time and money on bitcoins at that time, you might regret your decision later because that peak would not stay for long.`

[AsaroUk]

It will be crazy if this would happen in the future. The people who are investing bitcoin right now would sure be happy with that. But it would make bitcoin not for everybody anymore. 

everybody will glad if this really happen including me but it's very difficult to be realized also perhaps this is impossible because even the price has never again to reach $1000 and how could that possible bitcoin prices will be worth to $1000000

There is indeed no possibility that is can happen, just take a look at the value now around this time, you can see that the value of Bitcoin is not even rising at the moment so that is already very bad.
It will be perfect of course if that will happen but we have to be realistic and we must dont dream.

[iram66680]

Will you buy for 1 mln if dollar will enter in hyperinflation than 1btc will be 1mln but dollar will be worth nothing

Didn't think of inflation affecting bitcoin in this way. Now I have to rethink my objectives in lue of bitcoin's future with my own. Just when you lay out a plan to make something work another thing always comes up 

[yenxz]

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?

bitcoin worth $1000000 is still impossible for now,and some odds for bitcoin to achieve that is goverment,people who use for illegal activity,and people who never use bitcoin,and just hold it. its all odds for bitcoin.

[lissandra]

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?

By the time that happens, fiat would be so worthless that we would probably count our earnings not in fiat, but in some other currency...

But yeah, it'll happen one day.

Most likely the world reserve currency wouldnt be the USD anymore.

But towards someones elses country thats the so-called new america that made america great.

[terman45x]

Bitcoin achieving the value of 1m dollar is simply impossible and if it wants to reach there then it needs a strong and valid reason which is missing in bitcoin at a moment.

[avikz]

I don't think bitcoin will be able to reach a million dollar value anytime in future.

I am expecting around $2000 to $3500 in another 10 years from now. The amount of total investment flowing in to the crypto market is getting divided between huge numbers of altcoins. Every now and then we are seeing new altcoins a popping up in the market and the investments are further divided.

This is not good for future price of bitcoin.

[n0ne]

Bitcoin achieving the value of 1m dollar is simply impossible and if it wants to reach there then it needs a strong and valid reason which is missing in bitcoin at a moment.

Yeah achieving such a big price is really a unachievable, price increase will happen to a certain limit. As said if we get some valid reason we can get such a big price.

[Watercooler]

This will probably never happen, a  range between $10000 - $100000  is probably more realistic in the long term, but for
this to happen Bitcoin has to become more mainstream and a solution on maximum blocksize has to be implemented, so
there can be much more than 7 transactions per second.

[tampazeus]

This will probably never happen, $10000 is probably more realistic

Very rightly said, bitcoin can hit the milestone of $10k in future and it has potential to reach there for sure, but its difficult to believe that it can be a million dollar baby in future.