The $1 Million Dollar Bitcoin

[Mr.Anonymous]

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?

No. 1 million is way too much. I'm quite sure it will reach 10000$ and above, but how much above it remains to be seen. Potentially 100000$ in not so distant future provided that nothing goes terribly wrong.

1 million dollar for 1 BTC not much if Bitcoin can become the best currency for worldwide in future! The total supply coins of Bitcoin is the reason make its value can increases to that price, because Bitcoin is nothing if you compare it to FIAT

[GoodOne]

Hardfork manipulators and other fools like Dimon from JP will try their best to bash btc way to that heights... but they will still try to profit from it...lol...

[coinsensus]

25000$ on December 2018

[coinholic]

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?

The bitcoin community is only trying to reach for the moon at its current status...But a million to one?! Now that’s trying to reach another universe!! Many speculations and predictions are commin out which are quite realistic..But $1M? One will have to slap himself on the face just to make sure his awake if that were to happen...

[Ivan16]

I  not expect that because is unreal,if every day have more and more bitcoins in some near furture he will be stabile on some value with small osscilations like any other real currency,maybe 10k or 20k but milion is not real.

[Clavulanic]

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?

No. 1 million is way too much. I'm quite sure it will reach 10000$ and above, but how much above it remains to be seen. Potentially 100000$ in not so distant future provided that nothing goes terribly wrong.

1 million dollar for 1 BTC not much if Bitcoin can become the best currency for worldwide in future! The total supply coins of Bitcoin is the reason make its value can increases to that price, because Bitcoin is nothing if you compare it to FIAT

If that happens, I guess more people will be having wealthy life specially those who holds bigger funds of bitcoin nowadays. The patience might be so hard for them if that will happen $1M per bitcoin becoming a reality for all investors who holds and saved their bitcoin for the future. So for those who have not yet save their bitcoins, do it now and be surprise soon.

[Monnt]

Just wait for the half of the population from the world to get into bitcoin and you will see what is the power of bitcoin really. I mean half of the population is around 300 billion and even if each if them out 10 USD in the bitcoin then we will have 3000 billion dollars of market and the market cap will be reached in no time. That explains how we will discover the price of bitcoin equal to one millions. Easy but that will take time for that much people to get it.

Half of the world? That would be huge. Are the users of bitcoin presently in the whole world even up to 1% for now? I am not sure though as that is just an assumption… But I should not be far from it.

The thing is if we can attain that level of half of the world making use of bitcoin, then I see no reason why the market cap stated by OP cannot be feasible. However, this being huge must have really had a huge impact in the development of bitcoin over the years and I am sure it will not come without its challenges.

[pginvest]

One million is a lot. There is a lot of counting in that if you got it in singles!

However, one thing I have learned is never say never. Looking over this thread, so many people thought that $2K and $5K were impossible numbers. Now I know a million is a long way from that but. There is proportionally speaking only a small handful of people using Bitcoin today, once the community doesn't self destruct - or Amy fundamental weakness occurs in the mathematics - a large influx of new user could have an unimaginable impact on the price.

Maybe not $1Million but in ten years (2027) I don't see why $250K isn't on the table.

Mental not, check this post and cringe in 2027.

[kimochidesh]

I don't really expect to reach BITCOIN value that high. Govt. stand on BTC is not clear till now. Investors all over the world still fear to invest in BTC. Moreover, the growth rate of Altcoins divides the market cap. Still, there is a huge potential because much people around the world are still raw and want to enter crypto-market.

[Irishka78]

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?

Me time seems to will show.People will get rich or will expend the small amount of money in little to such to it self ardour.

[ikarus90]

How many does interestingly it need to time, that bitcoin costed one millions?As I understand, then to it yet far.

[robchch]

I think it is quite possible. Remember the figure you quote for the total $ value of gold and other assets is measured in today's dollar value. The dollar is a devaluing currency due to the continued printing of it. So eventually measured in dollars a bitcoin could easily reach $1,000,000 but could take 30 or more years to get there.

[shillerguy020]

Me it seems to that it is necessary years one hundred that bitcoin costed one million. It is not real now.

[FrancePG]

I think that will only grow every month.And to 2020 in general a price him will exceed supply 100000

[Transformer0101]

Fully all maybe the new era of financial possibilities comes in fact.BTC in it only began with the large future.

[el kaka22]

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?

I think Bitcoin will pump so high. But, 1 Bitcoin = 1 Million or Half million is not possible on next 50 years. But I believe Bitcoin will reach $5000 shortly. And it will continue pump. And Bitcoin will cross the limit of my hope. Bitcoin is the Future.

I won't be surprised anyway how rapid the growth of bitcoin will be. From what I have seen this year alone, it is going to surprise almost everyone with everything working out well. I believe bitcoin will attain a bit of a high level one day but how much it would be will obviously still remain unknown but until then.

[streazight]

I think in 2020 we will see 10.000$ . It's realistic ! But I would like to see 30.000$.... 1 Million maybe in 20-30 years, but many things can be change in this period in the world....

The actual fact is that no one can really say and we will all just keep speculating and hoping for the best to happen to bitcoin. We all want to be optimistic, I personally want to be optimistic to the level of 1satoshi being equivalent to 1USD one day which makes 1BTC equal to $100million... who does not like something good. However, what bitcoin will turn out to be tomorrow, either successful or not, no one knows.

[PMmesexycoins]

I think in 2020 we will see 10.000$ . It's realistic ! But I would like to see 30.000$.... 1 Million maybe in 20-30 years, but many things can be change in this period in the world....

The actual fact is that no one can really say and we will all just keep speculating and hoping for the best to happen to bitcoin. We all want to be optimistic, I personally want to be optimistic to the level of 1satoshi being equivalent to 1USD one day which makes 1BTC equal to $100million... who does not like something good. However, what bitcoin will turn out to be tomorrow, either successful or not, no one knows.

I'm doubting you can get anywhere near that many to agree to a single dominant currency for that.

Now, suppose it can actually get there, what about the fees at those rates? Can the network scale to serve that many people?

[nejibens]

Well it is really very hard that Bitcoin reach $1 Million, as the bitcoin's price since its creation is increasing slowly, and in the few coming years we can expect a maximum of $10k for 1 Bitcoin. But always there is a possibility to hit the $1 Million, but surely not in the near future.

[Oilacris]

Well it is really very hard that Bitcoin reach $1 Million, as the bitcoin's price since its creation is increasing slowly, and in the few coming years we can expect a maximum of $10k for 1 Bitcoin. But always there is a possibility to hit the $1 Million, but surely not in the near future.

Even on far future this thing wont really happen.Imagine if we do reach that $1M/BTC how much would be the entire marketcap? Insanely high,right? Even would surpass any cap into this planet which we can really presume that this thing is really an impossible thing.We should speculate lower and more realistic than on this one.