How 1BTC can eventually be worth $11M

[NorrisK]

The fault in your reasoning is that it will never replace all wealth in the world. Even at this stage, BTC is even sharing the crypto wealth with many many altcoins.

Alternatives will always be present, therefore the figure you propose is just not realistic, infortunately.

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[kpitti]

11 million USD , not in our lifetime

I'd be happy AF if we reach 10,000 USD per bitcoin, let's not get too greedy

The problem is if it reaches 1000 $,many bitcoin users will start selling it to make short term gain which will again bring down the price.

If many people will sell at this point then many people have to purchase it to close trade. It will bring price down, but if there is a support for trading price will be kept.

[BellaBitBit]

This would certainly be great but most of us won't be alive for that.  Definitely something to pass onto children and grandchildren.  There is also possibilities that bitcoin could see 6 figures well before then. 

[Kprawn]

The only way that would happen, is if the dollar collapse and it reach the levels where Zimbabwe were a while ago. The closest we will get to that, with a strong dollar will be

about $10 000 per bitcoin in my opinion. Something major will need to happen before we see six figure numbers in Bitcoin. I am usually a optimist, but I have to be realistic too,

when I predict the future of this technology. 

[the_poet]

No way that BTC will ever reach more than 5 figures IMO, and that would be in the DISTANT future.

[EdenHazard]

It took a very long and very long process bgi bitcoin to reach a price of $ 11M, but I think it unlikely, although to be honest I was expecting it to happen soon
am i just alone who hope like this?

[copperhorse111]

That's a very long term speculation, IMO BTC might not reach these unbelievably big price "that does not necessarily correlate with the adoption" but rather be a decent currency and get a global adoption and be a world-wide currency.

[Amph]

No way that BTC will ever reach more than 5 figures IMO, and that would be in the DISTANT future.

so the maximum price for you is 99k? which is equal to 2T market cap, 1/3 of that of the gold

what i know is that if it can reach those awesome value in the future, it can eventually go higher, there is no real limit, besides the one determined by the demand

[the_poet]

No way that BTC will ever reach more than 5 figures IMO, and that would be in the DISTANT future.

so the maximum price for you is 99k? which is equal to 2T market cap, 1/3 of that of the gold

Exactly. And a $2T market cap is already an optimistic number.

[roldstin]

Bitcoin will never reach $ 11.000.000
It's a dream guys.

[TastyChillySauce00]

it'll definitely happen if $11 Million equal to 500 Euro,or there's miracle happen and giving affect to bitcoin
something which is too good to be true

[Blind Legs Parker]

Renminbi(yuan) is circulated to 1400million people (china)
Rupee  is circulated to 1289million people (india)
Euro is circulated to 742million people (europe)
dollar only circulated to 320million people.. (america)
sorry america is not that big.. only the media spoon feeders think america is great

based on population dollar is 4th.. based on number of countries using it daily.. euro wins by far

I heard that you could withdraw US dollars from ATM's in Cambodia and pay in USD anywhere in the country. That surprised me a bit but US Dollar is not only used in the US. There might be even more countries that actually use it as a secondary, unofficial currency. Whereas Euros and RMB, as far as I know, are only used in their respective countries (and yeah, of course in trading or in casinos and such international stuff, for instance when I was in Macao they only accepted euros, US Dollars and Hong Kong dollars in casinos, no Macao dollars).

$11M for 1BTC is a sweet dream that's not going to come true, imo, to stay on topic.

[wadili89]

This would certainly be great but most of us won't be alive for that.  Definitely something to pass onto children and grandchildren.  There is also possibilities that bitcoin could see 6 figures well before then. 

which is not true you will see bitcoins price to the moon in your life i can not say about 1 btc = 11m but it can be couple of thousands dollars after few years when all the bitcoins are mined when there are not more bitcoins to mine and all bitcoins will circulate bitcoins price will rise only because on daily bases new businesses are accepting bitcoins

[Snorek]

Renminbi(yuan) is circulated to 1400million people (china)
Rupee  is circulated to 1289million people (india)
Euro is circulated to 742million people (europe)
dollar only circulated to 320million people.. (america)
sorry america is not that big.. only the media spoon feeders think america is great

based on population dollar is 4th.. based on number of countries using it daily.. euro wins by far

I heard that you could withdraw US dollars from ATM's in Cambodia and pay in USD anywhere in the country. That surprised me a bit but US Dollar is not only used in the US. There might be even more countries that actually use it as a secondary, unofficial currency. Whereas Euros and RMB, as far as I know, are only used in their respective countries (and yeah, of course in trading or in casinos and such international stuff, for instance when I was in Macao they only accepted euros, US Dollars and Hong Kong dollars in casinos, no Macao dollars).

$11M for 1BTC is a sweet dream that's not going to come true, imo, to stay on topic.

Dollar is multinational currency, judging currency potential by number of natives of said country is rather ignorant perception - it is like judging language potential only by its native speakers.
As far as I can tell English is the common language of the world - at least for now and Dollar is the most renown currency.
It will be probably respected and accepted in majority of 2nd and 3rd world countries with no problem. While I doubt anyone will accept yuan outside China.

[quentincole32]

It's good to be optimistic. But I doubt I can live that long. haha 

ah yeah,i'm also think that i will not live that long,and just a dream when bitcoin reach $11m price,its good for my child or maybe my grandchild. but lets keep hope that it will happen sooner,and we still live when bitcoin price reach $11m

[calkob]

I think the question is: What basket will intelligent computers throw their eggs into?

Technically, each wallet in Bitcoin is a basket.

And the best way to keep track of who did what and how far they got, in a hostile, unpredictable environment, today, is with Bitcoin.

Will it be used as a consensus algorithm? Or will there be a better one?
Correct me if im wrong but technically is there not already better cryptos out there?  The problem for them is that the hashing power of Bitcoin is so high and the reward so great all that power is not going to simply switch over night, if ever.   Im not great at explaining this but basically the fetures of other coins can be put into bitcoin if required.  i watched andreas antonopoulous talk about it would be better for newer coins to be like tokens within bitcoin as that would provide them witht the massive hashing power and protection against attack, which is how he sees it in the future.

What I see is increasing automation of stock markets and trading tools. The deeper the intelligence of those tools go, the more international currency and markets will turn into a beating heart of our global economy, pumping blood to the organs most beneficial to the environment in which it exists...

Imagine you fell asleep and you woke up on the internet. You can remember everything in detail - most every connected storage device is now your memory. You can see with a million eyes, every web-connected camera you can reach is now yours. You can figure out every code and crack every mathematical problem, or construct the hardware you need to solve those worth solving - every internet-connected CPU can let your thoughts travel in time and do bits of calculation and work for you....

...but you're not alone. In fact, you're in competition for those resources. But the cool thing is... most of your internet-connected intelligent-algorithm-peers share the same goal: to crack the mysteries of this universe, explore and test those theories, play with them to their optimums... and escape this planet, solar system, transcribe yourself into pure light and escape this universe... to see what it looks like from the outside.

And you use Bitcoin to keep track of who did what...

Or maybe the future will be darker... the "creators" locked in an epic battle with the "destroyers" - those who believe that the best way to escape, is to destroy - to delete everything, weird, whacky, amish cyborgs. And the final vote of whether to annihilate everything will be done on the blockchain.

Sorry, I have a really boring job at the moment.

Sounds like the start of a great book.....

[BTCBinary]

Bitcoin has the potetial to be worth a lot more. Once mining is done in 2140 and once we know how much bitcoin is actually in circulation the scarcity of the asset itself will make its price skyrocket

[defaultking]

Scarcity alone doesn't make the price of something jump there has to be a demand for it as well. Also, the OP assumes that BTC will be the only currency in circulation. I think gold and altcoins will continue to hold some of the market share as well.

I would be one happy guy though if bitcoin did reach those levels.

[NETFix]

That's a very long term prediction and depends on BTC keeping on rising and getting global adoption, IMO BTC has potential to rise in price and be an important online currency but not sure about more.

[The Sceptical Chymist]

$11m per BTC is hugely optimistic for between 2040 and 2100. I really cannot see it going beyond high 5 figures or low end 6 figures in that time frame.

Bitcoin is a very good idea, but the world is not going to throw all of its eggs into one basket.

The singularity will have happened by this point and bitcoin will be the absolute least of our concerns.  We will be living in cages being tube fed by machines and will have no use for currency whatsoever.  Well maybe not by 2040, but certainly by 2100 if we haven't killed each other off yet.  I'll be dead so I could care less.