The $1 Million Dollar Bitcoin

[KSCTeam]

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?

You are so dreaming of things that are hard to come on, I think the limit of bitcoin can be ~ $ 50,000 so it's probably not possible.

[miaviguerias]

i have currently done that I'm sure that economic climate is actually unstable anessions can happen at any time the only real solution to this really is begin saving now if no savings are done we can not surivive in thid globe save as much as you can it will help you throughout crisisd rec

[danielwwt]

At this point, everything is possible.

See this link below.

https://twitter.com/TuurDemeester/status/933230479381184512

[deisik]

The value of bitcoin is the entire physical wealth of the world divided by the market cap of bitcoin. The altcoin is worth all the abstract/intangible value of the world divided by their market caps.

I know the first couple pages of this thread are awesome. I definitely didn't think it'd be this high but I definitely thought it'd be up to $5000. The reason why it's going this high and why this isn't a bubble is because bitcoin is basically solving the biggest problem in the history of the United States: a solution to the centralized banking system. This problem has been magnified in the past 100 years as money has started to become more and more abstract and electronic and peoples entire lives can be destroyed simply by swiping their card at a cash register, businesses can be destroyed simply by not having an emphasis on online security, and people having to pay to get their money, wait to get their money, and pay to wait to get their money.

I just hope that when cryptos do take over from government backed fiats that core developers use transaction fees for roads and infrastructure.

I found the first couple of pages of this thread interesting as well, “Will Bitcoin Hit One Million Dollars” and I say yes because of the many decibel places available. What many don’t seem to understand is that Bitcoin solves a very old math problem that has not been solved until recently, and by solving this math problem it changes people’s perspectives and what money is and how money should or should-not function. When money begins to function differently in society it changes the very nature of how society currently functions

And what problem is that?

Are you sure that Bitcoin really solves some math problem provided there is any in the first place? Regarding your other points, I don't really think that Bitcoin is anywhere close to eating away the value of fiat currencies (if that was your point). It is used as a vehicle for speculation mostly, and yeah, that's true, but so are many other financial assets like, say, stocks. But we don't have to say that they are eating away at the value of the money that these stocks are bought with. So what's your point? I'm not dealing here with the "libertarian and anti-government" stuff you talk about since it looks more like a stretch of imagination on your part than a reality (at least, as of yet)

[Kurokonobasuke]

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?

That's absolutely insane and is too much for a value of a digital currency which is not even under the protection of any government. Maybe in the future it is expected to be more expensive than now but it is really just hard to believe that its value will reach 1 000 000 DOLLAR! We'll just hope that Bitcoin will be more successful in the future.

[paradoxlost]

The value of bitcoin is the entire physical wealth of the world divided by the market cap of bitcoin. The altcoin is worth all the abstract/intangible value of the world divided by their market caps.

I know the first couple pages of this thread are awesome. I definitely didn't think it'd be this high but I definitely thought it'd be up to $5000. The reason why it's going this high and why this isn't a bubble is because bitcoin is basically solving the biggest problem in the history of the United States: a solution to the centralized banking system. This problem has been magnified in the past 100 years as money has started to become more and more abstract and electronic and peoples entire lives can be destroyed simply by swiping their card at a cash register, businesses can be destroyed simply by not having an emphasis on online security, and people having to pay to get their money, wait to get their money, and pay to wait to get their money.

I just hope that when cryptos do take over from government backed fiats that core developers use transaction fees for roads and infrastructure.

I found the first couple of pages of this thread interesting as well, “Will Bitcoin Hit One Million Dollars” and I say yes because of the many decibel places available. What many don’t seem to understand is that Bitcoin solves a very old math problem that has not been solved until recently, and by solving this math problem it changes people’s perspectives and what money is and how money should or should-not function. When money begins to function differently in society it changes the very nature of how society currently functions

And what problem is that?

Are you sure that Bitcoin really solves some math problem provided there is any in the first place? Regarding your other points, I don't really think that Bitcoin is anywhere close to eating away the value of fiat currencies (if that was your point). It is used as a vehicle for speculation mostly, and yeah, that's true, but so are many other financial assets like, say, stocks. But we don't have to say that they are eating away at the value of the money that these stocks are bought with. So what's your point? I'm not dealing here with the "libertarian and anti-government" stuff you talk about since it looks more like a stretch of imagination on your part than a reality (at least, as of yet)

the math problem is how can i make purchases without all of my personal infomation being sold to advertisers or the chinese

[YinShuiSiYuan]

There is some possibilities to be so but in 2040 or around it and whole mathematic calculations will be diffrent then so nowadays we only speculate whole factors.

[susuberuang]

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?

in bitcoin all the most expensive prices can be achieved and nothing is impossible, all can happen because the bitcoin factor is getting harder and harder to get.

[atjiat]

There is some possibilities to be so but in 2040 or around it and whole mathematic calculations will be diffrent then so nowadays we only speculate whole factors.

The fact is that nakamoto satoshi initially laid in Bitcoin itself its great price Point So I do not doubt that Bitcoin will rise in price in the flesh to a million dololors. And there is a lot of hoop there is the entire structure of the coin.

[innocent93]

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 don't think that the value of bitcoin will reach 1 mil $ but, here are great chances that in the next 10 years bitcoin will reach 100 000$, i know i'm a bit optimistic but bitcoin is an optimistic cryptcoin.

[Shattered]

That is possible theoretically but when practical case is concerned I don’t think it’s going to come in reality anytime in near future. It would take almost everyone or say at least majority of earth’s population to actively use bitcoins in daily life to have sustainable price levels but if everyone is just acquiring it instead of spending, I don’t think it’s a good idea as far as overall bitcoin technology is concerned. I would donate my 20% of bitcoin balance to you if price hits $1 Million per bitcoin.

[Sleekfury]

It is possible someday because the amount of bitcoin that has grown this year is huge and also i think it would not be a good idea to reach 1 million dollar because no one would be able to buy bitcoins then.

[fxbit]

At that price very difficult to make transaction due to the huge fees I guess and even 1 satoshi would be 0.01USD
Transaction fees at 3000 satoshi = 30USD that means anything less than 300USD transfer would have to pay huge amount of fees

[wilberthh]

A million dollar for a bitcoin seem exaggerated. However, it is possible I think. Remember back then when people doubt btc could reach 2000$? It's now almost $10.000 already. For bitcoin to reach $1m might takes tens if not hundreds of years I think. And that's if bitcoin still exist. We can't predict future. But still, for me, I think it's possible! 

[wantjokull]

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?

Based for the statistics you pointed out, I am convinced now that one bitcoin will never be worth as much as one million dollar, except of course if the dollar became a banana coin with hyper-inflation making its value close to nothing.

Yup it is true, bitcoin is always thought as million dollar dream by many of the crypto lovers in the community. But I always wonder how it could even reach the hallmark of 1 trillion also in the first place. Juts look at the current cap its around 200 B and we still have the prices of 10K (almost) So getting to that much high rates would need almost 50% of population the earth to invest into bitcoin. If they are convinced to do so in the next decade or so then there will also be few percentage of chance that we will be able to cover that much money or market cap. Now I'm very much doubtful that 500 billion people are going to trust bitcoin in first place and will put the money straight into it. So lets see we have the correct mathematics here but what we need is tremendous support and enormous growth in the crypto lovers community.

[Hui8]

Hm, isn’t thats too far fetched. I mean just now I was taking over one of the thread where the guy speculated the prices of 500K USD by 2020. Thats also too much off the chart. Te first thing we must know is, we need to achieve the bigger market capitalism. As you are assuming here that the market cap should be over trillion dollars then just ask yourself whether it is really possible with limited number of people that are into crypto currencies. Not every single person here gets involved into bitcoin at the first glance. They will always look forward to invest into other cheap currency, get the profits and leave the market. There are very less percentages of people who actually hold major amounts of the coins and thus keeping the market of bitcoin held at one limit but its not much to capture the prices of 1 million per bitcoin.

[gilabusuk1]

if for $ 1000000 most likely in my mind will not happen because in my opinion it is a very big value and certainly to get it will be really really difficult though getting 1 coin only

[Chekh0vFun]

If youre planning to start a online shop that accepts bitcoins you'll want patience and you must have the bravery to manage situations like bitcoin price drop or else issue linked on bitcoins price.Unexpected change in bitcoin cost will affect your company terrible or great.All people really wants to invest their bitcoin in technology like cell phones or foods is going to do or even clothes

[makolz26]

if for $ 1000000 most likely in my mind will not happen because in my opinion it is a very big value and certainly to get it will be really really difficult though getting 1 coin only

That is not possible but maybe after a decade or less, let us see what will happen in the next coming months because it is hard to predict the value of the bitcoin for now after how many years, but base of my research they said bitcoin could be a million dollar worth in the future that is why we should patiently hold what we have now.

[bakunawaaa]

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?

Difficult to say right now. But with your figures, it would have been better to share the source of these information so we can better discuss how it compares to bitcoin.