How 1BTC can eventually be worth $11M

[Sourgummies]

It can definitely reach 11 million dollars, after a lot of inflation. That is the eventuality of fiat currencies, though. Unless the global economy shifts in a way that... well.

[ffcc]

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%
good

[ajun96]

It can definitely reach 11 million dollars, after a lot of inflation. That is the eventuality of fiat currencies, though. Unless the global economy shifts in a way that... well.

yes true that many countries are experiencing inflation and monetary crisis, I am sure a lot of people pulling their money out of his bank account and invest it into bitcoin
I think it will make the price of bitcoin exploded

[jethrorn99]

It can definitely reach 11 million dollars, after a lot of inflation. That is the eventuality of fiat currencies, though. Unless the global economy shifts in a way that... well.

I agree, with america is crippled by a lot of debt, sooner or later bitcoin price will skyrocketed till god knows how high 

[blackmachinegun]

I think it would seem impossible if the situation continues like this, it takes a condition in which many countries experienced severe crises
so many people who want bitcoin

[tss]

if opec negotiated yuan, ruble, or btc for their oil, the usd would be worthless overnight.  never going to happen. f16 and etc guarantees that.

[steveds]

It can definitely reach 11 million dollars, after a lot of inflation. That is the eventuality of fiat currencies, though. Unless the global economy shifts in a way that... well.

It will never reach that price if the current situation/problems continues to increase.People need to accept it in order to move their fiat's in it and no one is likely to do so with such loop's among the dev's.

[Blue_Panda73]

if opec negotiated yuan, ruble, or btc for their oil, the usd would be worthless overnight.  never going to happen. f16 and etc guarantees that.

If Bitcoin is developed constantly, the community can reach amicable decisions, then bitcoin will worth more than $11m.

[knightkon]

I also disagree with the fact that Bitcoin could be worth 11 Million dollars.  There is no government that is going to allow this to become the worldly currency.  Mainly because these governments want control over everything.  Look at North Korea.  You ever think they will accept this as a global currency?  It is because of these reasons that Bitcoin will never reach $11M value.  Unless you are calculating the crash of the USA which would make the dollar completly worthless and the paper it is printed on would be worth about $11M in exchange for one BTC.

[Blue_Panda73]

I also disagree with the fact that Bitcoin could be worth 11 Million dollars.  There is no government that is going to allow this to become the worldly currency.  Mainly because these governments want control over everything.  Look at North Korea.  You ever think they will accept this as a global currency?  It is because of these reasons that Bitcoin will never reach $11M value.  Unless you are calculating the crash of the USA which would make the dollar completly worthless and the paper it is printed on would be worth about $11M in exchange for one BTC.

For North Korea, bitcoin is good for it to go through international capital control. The North Korea government will use it, but not its people.

[kevin go]

Lol dude..its maybe will be happen a hundread years later
For now it just a dream

[btckold24]

I am hoping you are right lol but for no I will settle for 1000.

11 million seems pretty crazy even in the distant future

[saladin7000]

lol 1btc=$11M is crazy and maybe impossible dont forget with satoshi nakamoto how if he/she dumping all his/her coin maybe he can buy your country 

[KenR]

And for this to happen this will take another 200 years ? Lets assume even if it hits the mark of $1 million,still it should take around 50 years where the prices will reach to a point where to buy a pizza you'd need $200 least ?I mean assuming we are reaching an economic development point and costs will get higher of products .By the time it reaches 11 million,the worth of that much dollars will be as good as the price right now.

[tekno]

i think btc can not go over $1000

[acquafredda]

If people would realize how the money is made I think our BTC would go over a million dollars simply because dollars will be seen as the fiat scam they are.

They create money out of nothing while with BTC we know everything about the process: this is Satoshi greatest win IMHO, he showed the world how money can be created.

Hold on to your BTC

[bikoBoy]

That's overestimating bitcoin value in my opinion, BTC has huge potential for growth and rise particularly with the growing adoption currently but calculating each BTC at that price would require a huge fall in USD value at least IMO...

[robelneo]

I will not live to see that happen and we don't know if it will go up that high in the future we certainly don't know what goes beyond maybe another crypto-currency will come  out and and compete bitcoin as the leader of crypto-currency we should also look at other crypto currency they also have unique features that is better than bitcoin ,I love to see another coin emerging as strong as bitcoin

[delliaerd]

I think it is impossible for some decades from now. But i hope that bitcoin have price into almost 1000 $ in this 2016 . 

[EdenHazard]

I dont think it will matter to much to me if it gets to that price. Maybe my kids though. ')

do you think your children will love bitcoin? Or do you think bitcoin will last until the year?
I doubt it, the future may be better than now, as seen in the movies as possible