How 1BTC can eventually be worth $11M

[delliaerd]

I wait for a big price like 100.000 usd per bitcoin to sell my bitcoins made from faucets
Use faucets if you want to have in future a good life.

Faucet need a long time to collect bitcoin until be worth. But you can use bot of faucet which work automatically. But don't forget sometimes bot software bring many malware that can destroy your computer sistem .

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[fuathan]

This simple math doesn't satisfy me. The BTC price can't predict because of chaotic elements. Maybe it will be 1M maybe $100...

[Pab]

So, the nett worth of all "wealth" or assets / resources in the world, is currently $241 000 000 000 000.

Lets presume BTC was the global currency/commodity used by intelligent computers to manage the world's resources, in today's value - and that everything was backed by/priced in BTC. $241 trillion / 21 million = $11 476 190 (In today's terms.)

At least a possibility somewhere between 2040 and 2100? Well, even if it's just 1% of that, it's still $114 761 in today's value. That's enough to buy a fairly decent place to live in most countries.

Currently the closest thing we have to a global currency is the dollar. And it's arguably backed by oil and firepower - which is arguably a good measure of economic potential. Gold, too, was arguably a good measure of economic potential, because its cycles too turn the gears of the economy - it takes energy and resources to mine and refine it, and it has many economic applications.

What I most like about Bitcoin is that it can likely withstand a nuclear holocaust - better than anything else. It's backed by electricity, computing power and connectivity. As long is there are solar panels, computers and some sort of internet, there will be Bitcoin.

Isn't it just a matter of time before the banks start using it to protect themselves from each other? And to hedge against economic instability and social unrest?

Isn't it just a matter of time before intelligent computers start using it to distribute resources amongst themselves, and to guide the flow of those through the companies most beneficial to their existence?

And isn't the most optimum path for that continued existence,  to sprinkle its fairy dust on what nature has provided, and make us all work at our optimum? (Ie, not too much and not too little...) ala. Wolves of Yellowstone? (Google it)

Anyways, this is why I keep Bitcoins. And why I'm not afraid to use them - as long as I have at least one stored away somewhere, safely.

Where are we right now? Hey, we're already at 0.003%

1BTC can eventually be worth $11M if you create baner like that or write that on the paper
look price now,with all that positive news around

[Blue_Panda73]

Of course it can eventually be worth 11 million, but think about it- 11M/21M. Are you saying each bitcoin will be worth more than 500 thousand dollars? And a satoshi would be worth a cent? Then what if the global economy goes up, there'll be no more bitcoins to support the rise, unless you want a satoshi to be 2 cents 

The bitcoin price will rise when more people use it. The value of USD or other fiat will drop due to inflation.

[arbitrage]

This is impossible!
Maybe 1000 or 2000 or little more, but 11M?  This is very serious money.
l would say 10k will be maximum even for thinking about it!
Just crazy idea!

[PizzaBTC]

This is impossible!
Maybe 1000 or 2000 or little more, but 11M?  This is very serious money.
l would say 10k will be maximum even for thinking about it!
Just crazy idea!

Yes bitcoin will never reach $11 million. That will never be possible, It’s just a crazy thought by some bitcoin users. Even if all banks in the world start accepting bitcoin, it will never reach even $2000.

[YoonYeonghwa]

Maybe 1 day Bitcoin will reach that price, but it is not going to be for a very loooooong time.

[rickadone]

Maybe 1 day Bitcoin will reach that price, but it is not going to be for a very loooooong time.

This can happen but I believe there is no need of long time. Bitcoin will reach $1million by 2020. If bitcoin is to increase to the highest level, I think that will be by the time of replacing gold as the international medium of exchange.

[krunox123]

This is impossible!
Maybe 1000 or 2000 or little more, but 11M?  This is very serious money.
l would say 10k will be maximum even for thinking about it!
Just crazy idea!

Yes bitcoin will never reach $11 million. That will never be possible, It’s just a crazy thought by some bitcoin users. Even if all banks in the world start accepting bitcoin, it will never reach even $2000.

This is likely to not happen, yes. But it is not impossible to make it happen.
Well, nobody knows the future of Bitcoin.

[Blue_Panda73]

Maybe 1 day Bitcoin will reach that price, but it is not going to be for a very loooooong time.

If the price rises 30% a year, in 30 years, it will rise 2619 fold, times that with $400, the price will be $1m each. So the rise ratio has to be higher.

[MWesterweele]

I think 1 Bitcoin worth $11M will take too long to be achieve.Lets estimate maybe 40-80 years from now or even more.Bitcoin hitting $1,000 is hard this time small increase on price then suddenly drop again.If $11m would be possible its a dream.Im just expecting bitcoins price will just reach $2000-$5000

[Shrinath]

There are a lot of opinions on what Bitcoin means for the future. Former Federal Reserve Chairman Alan Greenspan says that Bitcoin is a bubble with no intrinsic currency value. But a recent poll of current bitcoin owners reveals that a majority believe 1 BTC will be worth $10,000 by the end of 2014. The Winklevoss Twins, famous for their disputed role in the creation of Facebook, believe that 1 BTC will soon be worth USD $40,000, but ‘it could be much larger’ (and they’re not kidding around: they recently bought 1% of all bitcoins in existence for USD $11M). And prominent Silicon Valley venture capitalist Chris Dixon recently stated that he believes that 1 BTC will eventually be worth USD $11,000,000. But what everyone agrees on is that Bitcoin is a truly astonishingly clever invention without precedent. Whether bitcoins are eventually worth a great deal, or they lose all their value and are merely a prelude to another form of digital currency remains to be seen. There is certainly still risk here, and a lot of things still have to play out before Bitcoin reaches its full potential. I don’t want to paint a rosy picture of 100% certainty — and not call out the risk factors. They are there, and they are real

[joebrook]

I think 1 Bitcoin worth $11M will take too long to be achieve.Lets estimate maybe 40-80 years from now or even more.Bitcoin hitting $1,000 is hard this time small increase on price then suddenly drop again.If $11m would be possible its a dream.Im just expecting bitcoins price will just reach $2000-$5000

I am very much optimistic in investing into Bitcoins but I tell you that 1 BTC reaching that value though it is possible may happen way before most of the current generation have passed from the earth.

[sabine80]

At least a possibility somewhere between 2040 and 2100? Well, even if it's just 1% of that, it's still $114 761 in today's value. That's enough to buy a fairly decent place to live in most countries.

oh, $11m between the year 2040 and 2100. what a great price prediction, but i think, in the year 2100 im not alive anymore. hope i still alive when bitcoin reach $1m.

[Shitcoins Whale]

What are you smoking, bro?
I am sorry if I have to disappoint you about Bitcoin surviving a nuclear holocaust. Nothing would.

[bitcoinsc]

sounds like an economy full of FOMO.

[Qpeeps]

After reading your post I got pretty sure we won't even make iy to 1 Million $.

[josegr4ham]

It is a long way to the $11M but it could be possible. For now I am curious when it hits $100K. Will it be this year or the next one?

[Jalum]

It is a long way to the $11M but it could be possible. For now I am curious when it hits $100K. Will it be this year or the next one?

You probably won't get your 11 million for 1 Bitcoin anytime this year. If Bitcoin is around for 20 more years then maybe.

[Cassandraa9]

New standard may replace bitcoin in future. Bitcoin may worth more than what it is now, but $11M (even $100k) is very difficult.