Bitcoin reserve currency price - 2030

[d5000]

The $6600 calculation may be pretty accurate.

I doubt Bitcoin ever will be worth more than $10.000, or $20.000 if all plays out perfectly and it has a massive adoption as a reserve currency and a payment network.

Bitcoin isn't as scarce as most people think. Everybody can set up a clone blockchain, that's what we are already seeing with the altcoin wave. That is not a pro-altcoin post (even considering my avatar message) but this fact should not be ignored when estimating future BTC value.

Some will try justify an increase to more than $10.000 or $100.000 with the network effect. But this depends on adoption by electronic commerce merchants. And the integration of another well-functioning Bitcoin clone  in a payment provider is trivial. CoinPayments is the way to go.

All depends on if people really want to throw money into the gorges of some greedy early adopters. It may be even better for scalability and failure tolerance if we have competing blockchains.

[1715601753]

1715601753

[1715601753]

1715601753

[1715601753]

1715601753

[1715601753]

1715601753

[smiles]

I figured it out.  The Canadian dollar is the world's 6th largest reserve currency.

The total money supply M3 in September was 2032737 CAD Million. (2+ Trillion)
Total bitcoins mined = 14.842700 Million

2032737/14.842700=136951.9696551167

1 Bitcoin = $137 Billion Dollars. Give or take.

Keep some change in cold storage and your retirement is set.

[CryptoGreek]

I figured it out.  The Canadian dollar is the world's 6th largest reserve currency.

The total money supply M3 in September was 2032737 CAD Million. (2+ Trillion)
Total bitcoins mined = 14.842700 Million

2032737/14.842700=136951.9696551167

1 Bitcoin = $137 Billion Dollars. Give or take.

Keep some change in cold storage and your retirement is set.

OK, seems legit. I will be able to repay the 100% of Greece's debt, and keep some change for bailing-out the rest of the EU...  

[Livermore]

I figured it out.  The Canadian dollar is the world's 6th largest reserve currency.

The total money supply M3 in September was 2032737 CAD Million. (2+ Trillion)
Total bitcoins mined = 14.842700 Million

2032737/14.842700=136951.9696551167

1 Bitcoin = $137 Billion Dollars. Give or take.

Keep some change in cold storage and your retirement is set.

You divided million by million. 1 BTC = 137K

[smiles]

You divided million by million. 1 BTC = 137K

Oops. Not good with decimals.  Not quite as bullish but still not bad.