Bitcoin will get half million dollars prices by 2030 : Blockchain.info CEO

[ASHLIUSZ]

That's a good news and that to put forth by an expert in the same field is simply something that gives a better hope. Price surely increases but to which extent matters big. Recently based on etf approval its expectedto go above $3000 but haven't got support. In the same manner in future to if obligations​ were found then there won't be any assurance.

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[Bitcoin0916]

I think this is too excessive, 2030 remaining 13 years longer, and now the price is still about $1200, it seems impossible that the price could reach 400 times from now, if the world bank officially using bitcoin then it can be happen.

[gentlemand]

Given how many users (hardly any) and the current usage level (almost none) and the current price ($1200+) it does seem like the price could go a lot higher.

If Bitcoin even started to be used or bought by a small percentage of the population, and was used (not that it scales) then it could easily be $25k per Bitcoin in my opinion.

$500k sounds pretty fanciful, to be honest, I don't see Bitcoin being adopted by the masses anyway, so $25k seems unlikely.

Indeed. I think people here have multiple blind spots. They simultaneously think it's far bigger and far smaller than it actually is.

I don't think mass adoption is a requirement for a considerably higher price. The 'masses' will be the very last to come on board anyway.

[mindrust]

13 years later half a million dollars' worth would be same as 50k$ of today's. It is nice to dream about that but also keep in mind that FED is constantly printing USD and they will never stop doing so. Because of the huge inflation not just bitcoin but everything's price will skyrocket. Because like every other useful stuff there is, bitcoin has a limited supply buy FED's FIAT don't.

[TravelMug]

I think this is too excessive, 2030 remaining 13 years longer, and now the price is still about $1200, it seems impossible that the price could reach 400 times from now, if the world bank officially using bitcoin then it can be happen.

I read this article somewhere and I felt out my chair. I think this is absurd. Maybe he has information, we don't know yet, but half a million is beyond reach of bitcoin. I'm not downplaying his prediction, but logically, we bitcoin price can't touch even $100K. So for me, this doesn't make sense even if mass adopted globally. I think he just was to make a good news for bitcoin community for releasing such a statement.

[Kemarit]

I believe everyone will love this speculation. Read on here : https://www.cryptocoinsnews.com/bitcoin-price-hit-500000-2030-says-snapchats-first-investor

They are not just throwing blind balls but come with solid evidences to support their speculation.

bitcoin isnt for mobile small transaction based activities. Its a store of value. 5% of the world population because more mobile phones? Nah. Sry I want to believe but this is going to far. We cant expect an infinite exponential growth for 13 years to come. Everyone who thinks that will get burned eventually. Name 1 thing that you can compare with bitcoin that has a exponential growth for 13 years? Thats right : none. Anyway I believe in Bitcoin but 500 000 USD? Nah

I agree with you. Realistically $500,000 is out of hand. There are definitely uncertainties in this projection and its assumptions. Bitcoin certainly has hurdles to overcome – scalability and usability being two of them – but it has done remarkably well in maturing.

I believe the price of bitcoin will increase exponentially, but not around this price, its not realistic for me, Sorry. We all love seeing and hearing good news like this one come, however, I doubt it can happen.

[Quickdart]

I think this is too excessive, 2030 remaining 13 years longer, and now the price is still about $1200, it seems impossible that the price could reach 400 times from now, if the world bank officially using bitcoin then it can be happen.

If the price doubles every year, the price will be much higher.

[york780]

I think this is too excessive, 2030 remaining 13 years longer, and now the price is still about $1200, it seems impossible that the price could reach 400 times from now, if the world bank officially using bitcoin then it can be happen.

If the price doubles every year, the price will be much higher.

Wont happen. Bitcoins exponential growth is slowly decreasing with 10% a year

[JL421]

No never that's a lot. You can think practically currently some 17 million bitcoin are in market and price is 1200$. Even though halving has a huge impact on the price half million is too much. Maybe 10k would be a better prediction but we will only reach at 10k if people don't sell all there coins before 10k.

[leowonderful]

Even if Bitcoin gained worldwide adoption, it will never realistically reach such a high price within 2030. There's always issues with Bitcoin that stop it in its tracks and much more that brings about instability and there's also exploits (which is still better than fiat). Until we solve these issues and get better at solving issues instead of letting a small group of miners control us we won't even get close.

[dihari]

I dont think so, bitcoin will be a good price, but not 500k $ per btc...

+1 I am worried about this part of the community. Because of this we have pumps and dumps. Unrealistic expetations+ FUD people that think that we go to 0.

This!! We don't need unrealistic expectations. Too many day dreaming makes you not doing anything and just hope that will happen even you just have 0.0xx in your wallet. Now at $1000, it is the best price bitcoin can help and it's even too good for something​ that not use by all the peoples in the whole world. One we have to do now is spread out about bitcoin wherever you can to make peoples familiar with this future payments.

[hello_good_sir]

I believe everyone will love this speculation. Read on this here : https://www.cryptocoinsnews.com/bitcoin-price-hit-500000-2030-says-snapchats-first-investor

They are not just throwing blind balls but come with solid evidences to support their speculation.

Usually both positive and negative speculations will occur quicker than expected. We may speculate price levels some what accurately but not the time frame. So, time of 2030 may  shrink to 2025 too, what you think ?

Actually I would not be surprised if bitcoin did reach half a million dollars in 2030.

However as you said, it is all pure speculation. There is no technical analysis, but in certain circumstances a good speculation is more reliable than technical analysis as it takes into account people's emotion and other stuff.

I think the scenario if bitcoin did reach half a million bucks by 2030 would be a total collapse of the fiat protocol and bitcoin takes centre stage. That is the most likely scenario to happen, since half a million dollars would be worth a lot less than it does now.

It is always interesting to hold something that can rise in value so quickly like bitcoin in your possession.

Makes a great investment.

[coinplus]

I think the scenario if bitcoin did reach half a million bucks by 2030 would be a total collapse of the fiat protocol and bitcoin takes centre stage. That is the most likely scenario to happen, since half a million dollars would be worth a lot less than it does now.

This does not need to be true. There will be two community in this world by 2030 one of them will be using fiats for their living and the others leading their life with bitcoins. Similar things will be applicable to merchants and hence we cannot claim bitcoin conquered the center stage and fiats got subsided. Both will find their ways even with bitcoin value hits one millions levels.

This is because of the buying capacity of bitcoin will not power just few people but probably 10% to 20% of world population, this must be highly equivalent to those people got new high paying jobs, a new job will change the world drastically ?

[hello_good_sir]

I think the scenario if bitcoin did reach half a million bucks by 2030 would be a total collapse of the fiat protocol and bitcoin takes centre stage. That is the most likely scenario to happen, since half a million dollars would be worth a lot less than it does now.

This does not need to be true. There will be two community in this world by 2030 one of them will be using fiats for their living and the others leading their life with bitcoins. Similar things will be applicable to merchants and hence we cannot claim bitcoin conquered the center stage and fiats got subsided. Both will find their ways even with bitcoin value hits one millions levels.

This is because of the buying capacity of bitcoin will not power just few people but probably 10% to 20% of world population, this must be highly equivalent to those people got new high paying jobs, a new job will change the world drastically ?

If that is the case then again, fiat would have lost its market share and bitcoin would have taken over.

If fiat was ever abandoned by half the population of the world then that would definitely cause a lot of panic and disorder, plus a fiat currency value slump. That would mean that bitcoin will rise in value accordingly as well.

But your theory is something that is very likely to happen in my opinion.

[hase0278]

I believe everyone will love this speculation. Read on this here : https://www.cryptocoinsnews.com/bitcoin-price-hit-500000-2030-says-snapchats-first-investor

They are not just throwing blind balls but come with solid evidences to support their speculation.

Usually both positive and negative speculations will occur quicker than expected. We may speculate price levels some what accurately but not the time frame. So, time of 2030 may  shrink to 2025 too, what you think ?

All I can say is that the time frame mentioned by them for bitcoin to reach 500000 on 2030 seems like to short since in my opinion it might take longer time for bitcoin to really reach the speculated price. It would be good though that a person with reputation speculates bitcoin's price since this might inspire others to invest in it by just looking at his speculation even though it might not be reached.

[tiggytomb]

Haha, when I first read this I thought I would hand in my notice at work, remortgage the house and go crazy and then in 2030 I can pay off all the debt.  Then I opened my eyes, had my coffee and went to work.

It would be nice but I seriously doubt this prediction will come true, but strange things do happen.

[VTCutch]

Too positive prediction. Bitcoin will certainly grow, but not so fast. He will have both falls and competition, this is just an unrealistic figure for such a period of time.

[york780]

Too positive prediction. Bitcoin will certainly grow, but not so fast. He will have both falls and competition, this is just an unrealistic figure for such a period of time.

bbbbut mmmooon?

[HabBear]

I would retire instantly if I was able to hold as much money as $500,000 in 10 years. I think most of us wouldn't still be at official retirement age, so that would me amazing.

But im confused about this thread title. It says "blockchain.info CEO", but the one that said this is the original snapchat investor.

How long do you think you could last on $500,000 in retirement? It costs ~$219,000 to pay for food in retirement for two people...that doesn't leave much left on a balance of $500,000.

By the way, the Blockchain.info CEO was one of the first investors in Snapchat.

[aeternus]

I believe everyone will love this speculation. Read on this here : https://www.cryptocoinsnews.com/bitcoin-price-hit-500000-2030-says-snapchats-first-investor

They are not just throwing blind balls but come with solid evidences to support their speculation.

Usually both positive and negative speculations will occur quicker than expected. We may speculate price levels some what accurately but not the time frame. So, time of 2030 may  shrink to 2025 too, what you think ?

I will like that but being realistic that is not really going to happen unless bitcoin has major adoption, I think a more realistic amount will be something close to 10 to 20 thousand dollars instead and even that may be difficult to achieve.