What happens when bitcoin's market cap hits $1B?

[Melbustus]

Could certainly be years, but it seems to me that this would be a milestone that would get A LOT of attention. Suddenly lots of folks with real money who've been on the sidelines or dismissed bitcoin as a small toy would take another look.

Or would such an effect not really happen until $10B or $100B? After all, there are quite a few people with 9 figure net worth. Might take a market cap several orders of magnitude bigger to get them interested and active.

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[oakpacific]

Then it's big enough for me to run a number of services.

[cbeast]

A $1B enterprise barely makes a news story anymore. If Bitcoin is truly to be a global phenomenon, it will need to surpass that. Wait for it... wait for it...

[turboNOMAD]

Probably, some larger enterprises will start accepting bitcoins as a payment. Which will in turn cause further mkt cap increase, which triggers more adoption, which...
But there also exists a possibility that nothing significant will happen at 1B scale.

[crazy_rabbit]

I think that depends on if bitcoin hits $1B because the current value skyrockets 4x or it goes up 2x and we have twice as many coins as we have now (IE: in still quite a few years)

[Mageant]

I think this could happen early next year.
The Bitcoin price increased 4x since last year.

I don't think it will be such a big deal as opposed to some large online business or retailer accepting Bitcoin.

For example, the recent news of Wordpress accepting Bitcoin caused a lot more attention than recently breaking the market cap record.

[1Pakis]

I think that depends on if bitcoin hits $1B because the current value skyrockets 4x or it goes up 2x and we have twice as many coins as we have now (IE: in still quite a few years)

We past the half point back in late November
There never gone be 2x bitcoins.

[jerfelix]

I think this could happen early next year.
The Bitcoin price increased 4x since last year.

Agreed.  Consider this trend, with checkpoints every 5 months:

After........................................	A Bitcoin has never been worth less than...
Feb-2011	$0.50
Jul-2011 (5 months later)	$1
Dec-2011 (5 months later)	$2
May-2012 (5 months later)	$4
Oct-2012 (5 months later)	$8

The bottom has doubled every 5 months (equating to a 15% increase in the bottom every month).  Big assumption, I know, but with this consistent growth rate, after January 2014, we will never see a price as low as $64 again.  And considering that Bitcoins have been trading at a premium of 40% over that base on occasion, I'd expect that they'll hit $1B in market cap before the end of the year.

[piramida]

bitcoin had a 3200% premium to that base on one occasion

[sounds]

There may be some downward pressure on the BTC/USD exchange rate when bitcoin breaks through $1 billion, but it won't stop the overall trend.

What I'm wondering is if at that point there will be enough trade volume to significantly reduce volatility, compared to volatility today.

[Piper67]

There may be some downward pressure on the BTC/USD exchange rate when bitcoin breaks through $1 billion, but it won't stop the overall trend.

What I'm wondering is if at that point there will be enough trade volume to significantly reduce volatility, compared to volatility today.

In today's prices we'll probably see volatility until BTC trades for upwards of $3000 or so. This volatility relates to the fact that Bitcoin is undervalued, not overvalued.

[mc_lovin]

If bitcoins were $93.03 today, we would have a market cap of $1B. 

Which means Laszlo would have paid $930k for those pizzas back in May 2010

[tpantlik]

What happens when bitcoin's market cap hits $1B?

Ben would sold his printing machines and preorder at BFL. 

[nobbynobbynoob]

What happens when bitcoin's market cap hits $1B?

Ben would sold his printing machines and preorder at BFL. 

Haha!

bitcointip tpantlik +a bit more than a solitary satoshi for that jibe!

[tpantlik]

What happens when bitcoin's market cap hits $1B?

Ben would sold his printing machines and preorder at BFL. 

Haha!

bitcointip tpantlik +a bit more than a solitary satoshi for that jibe!

Oh thanks! 

[Melbustus]

I started this thread less than 2 months ago. Never thought it would happen this fast.

Furthermore, the manner in which it has happened kind of invalidates the question. I was assuming we'd have a slow march to this market cap, which would then maybe trigger a news cycle. I didn't think there'd be an explosive news cycle all of a damn sudden that would 4x the market cap in weeks.

[proudhon]

I started this thread less than 2 months ago. Never thought it would happen this fast.

Furthermore, the manner in which it has happened kind of invalidates the question. I was assuming we'd have a slow march to this market cap, which would then maybe trigger a news cycle. I didn't think there'd be an explosive news cycle all of a damn sudden that would 4x the market cap in weeks.

Welcome to Bubble 2.0 

[playtin]

I started this thread less than 2 months ago. Never thought it would happen this fast.

Furthermore, the manner in which it has happened kind of invalidates the question. I was assuming we'd have a slow march to this market cap, which would then maybe trigger a news cycle. I didn't think there'd be an explosive news cycle all of a damn sudden that would 4x the market cap in weeks.

Welcome to Bubble 2.0 

Maybe soon cBTC will have single digits...

[Zangelbert Bingledack]

Then it's big enough for me to run a number of services.

What services? 

[Melbustus]

Well, now that we're approaching a $10B market-cap, I figured it's worth discussing these milestones again.

High-Net-Worth-individual money has certainly been flowing into bitcoin, but still very little institutional money. Does that start to happen with "market-cap" > $10B?