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

[zimmah]

They're making a lot of silly assumptions.

"From 2013 to 2017, the network grew from 120,000 users to 6.5 million users, nearly a 54-fold gain. Such growth would produce 400 million users in 2030."

That's one of them. That reminds of the cartoon about infinite husbands based on future projection.

And I don't believe there will ever be a Bitcoin ETF.

400 million users isn't unrealistic at all.

facebook has like 2 billion users or so.

400 million users is like 5% of the worlds population.

it's not that much honestly. 

and considering it's most likely going to be a pretty wealthy 5% it would be much more then 5% of the world's total wealth.

it can easily be 25% of the world's total wealth in bitcoin.

[york780]

They're making a lot of silly assumptions.

"From 2013 to 2017, the network grew from 120,000 users to 6.5 million users, nearly a 54-fold gain. Such growth would produce 400 million users in 2030."

That's one of them. That reminds of the cartoon about infinite husbands based on future projection.

And I don't believe there will ever be a Bitcoin ETF.

400 million users isn't unrealistic at all.

facebook has like 2 billion users or so.

400 million users is like 5% of the worlds population.

it's not that much honestly. 

and considering it's most likely going to be a pretty wealthy 5% it would be much more then 5% of the world's total wealth.

it can easily be 25% of the world's total wealth in bitcoin.

I want to believe lol.

[manselr]

They're making a lot of silly assumptions.

"From 2013 to 2017, the network grew from 120,000 users to 6.5 million users, nearly a 54-fold gain. Such growth would produce 400 million users in 2030."

That's one of them. That reminds of the cartoon about infinite husbands based on future projection.

And I don't believe there will ever be a Bitcoin ETF.

400 million users isn't unrealistic at all.

facebook has like 2 billion users or so.

400 million users is like 5% of the worlds population.

it's not that much honestly.  

and considering it's most likely going to be a pretty wealthy 5% it would be much more then 5% of the world's total wealth.

it can easily be 25% of the world's total wealth in bitcoin.

Indeed we don't even need a lot of people, we just need whales moving their wealth into bitcoin, or a % of it.

But, I don't see how bitcoin can surpass gold's marketcap in 10 years, sounds crazy to me...

[aTriz]

They're making a lot of silly assumptions.

"From 2013 to 2017, the network grew from 120,000 users to 6.5 million users, nearly a 54-fold gain. Such growth would produce 400 million users in 2030."

That's one of them. That reminds of the cartoon about infinite husbands based on future projection.

And I don't believe there will ever be a Bitcoin ETF.

400 million users isn't unrealistic at all.

facebook has like 2 billion users or so.

400 million users is like 5% of the worlds population.

it's not that much honestly. 

and considering it's most likely going to be a pretty wealthy 5% it would be much more then 5% of the world's total wealth.

it can easily be 25% of the world's total wealth in bitcoin.

I need to agree with your perspective, 400 million people using blockchain is much for current days, but taking the population of Earth under consideration, 400 millions isnt so much.
Systems which are designed to transfer money to different people and companies need to have an ability to operate massive amount of requests, and that is the another reason why bitcoin is still not ready to replace e.g paypal or banking systems- the throttle of network isn't big enough to operate so many transactions in a short period of time.

To change this, we need most importantly faster confirmations, because without being able to transfer your money in few seconds, bitcoin won't be used as a best payment method all around the globe, simply because it is too slow.

[cellard]

The growth is too much, required for $500,000. How can this be possible? please somebody explain. I don't get how this is "realistically possible". Everything is possible, but this is far from "realistically". I hope it is right, but I highly doubt it. It would be the highest marketcap in the world.... almost impossible.

[Nagadota]

The growth is too much, required for $500,000. How can this be possible? please somebody explain. I don't get how this is "realistically possible". Everything is possible, but this is far from "realistically". I hope it is right, but I highly doubt it. It would be the highest marketcap in the world.... almost impossible.

It wouldn't be the highest market cap in the world.  What would be required for it to happen is for Bitcoin's market cap to reach parity with that of gold and a bit higher.  That's more than possible if Bitcoin became viewed as a stable asset more than a currency and it was used for the purposes that they mentioned, such as expats sending money back home.

It's not likely that everyone will use it, but a more significant amount of money than now will definitely be put into it.

[HaXX0R1337]

The growth is too much, required for $500,000. How can this be possible? please somebody explain. I don't get how this is "realistically possible". Everything is possible, but this is far from "realistically". I hope it is right, but I highly doubt it. It would be the highest marketcap in the world.... almost impossible.

If the price of bitcoin started its journey at $10 and touched $1000 in a very short span of time then the speculation can weigh some advantages as it is possible to see another good bull run but how much you can push the price and how much time it will take cannot be predicted .Lets speculate by 2030 the ETF will be approved and that will boost some major investments and more countries will accept bitcoin as a mode of transaction and those could make a huge impact in the price,but will it reach half a million dollar,i dont think so but fifty thousand is acceptable.

[jpoker272727]

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

Right, the chances to see this price per bitcoin is very very low (mostly impossible).

But I think that there are lots of bitcoin that affects the bitcoin price because the price can't get so much high because most of bitcoin holders will get rich within a short period of time.

[lionheart78]

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 also agree with this.  The prediction (more on speculation in my point of view)  is way overboard.  We cannot just say Bitcoin will rich a certain price without considering resistance and competition.  Aside from that  Price value does not dwell on the adoption alone, there are lots of unseen thing that will possibly resist that price.

[ImHash]

Then buy these 100BTC at these idiotic and low prices such as $1000-$1200 and forget about crypto after storing them in unused addresses and printing a few paper wallets as back up then go live your life for another 10-15 years and when price reached your goal sell them to have $50M in cash at your disposal, imagine someone with 500K bitcoins could be a billionaire.

[Bitcollector]

They're making a lot of silly assumptions.

"From 2013 to 2017, the network grew from 120,000 users to 6.5 million users, nearly a 54-fold gain. Such growth would produce 400 million users in 2030."

That's one of them. That reminds of the cartoon about infinite husbands based on future projection.

And I don't believe there will ever be a Bitcoin ETF.

400 million users isn't unrealistic at all.

facebook has like 2 billion users or so.

400 million users is like 5% of the worlds population.

it's not that much honestly. 

and considering it's most likely going to be a pretty wealthy 5% it would be much more then 5% of the world's total wealth.

it can easily be 25% of the world's total wealth in bitcoin.

I need to agree with your perspective, 400 million people using blockchain is much for current days, but taking the population of Earth under consideration, 400 millions isnt so much.
Systems which are designed to transfer money to different people and companies need to have an ability to operate massive amount of requests, and that is the another reason why bitcoin is still not ready to replace e.g paypal or banking systems- the throttle of network isn't big enough to operate so many transactions in a short period of time.

To change this, we need most importantly faster confirmations, because without being able to transfer your money in few seconds, bitcoin won't be used as a best payment method all around the globe, simply because it is too slow.

Yes.

And considering at the moment that only 40% of the whole world uses the internet and 20 years ago (1997) only 2% of the whole world used the internet and it grew from 2% to 30% in 15 years (2010) (which is the comparison between 2017 and 2030 for BTC).

Now take into consideration that less than 0.006% of the world population had a wallet worth more than 1 BTC last Sept 2016. And in 1991 world wide web was born and 6 years later 2% of the world had it. Its highly likely that BTC will something similar as the internet in growth. But I will tell you better in 2030 what the price will be, but until then I'm just going to buy it. I don't know if BTC as we know it today will be the same then, probably not, but whatever it is I want to own it. And when it morphs into something else by forking I plan to follow it. Just hold the coin after it forks, wait to see where the value goes and then sell off the old one and keep the knew one.

[DocGTR]

Then buy these 100BTC at these idiotic and low prices such as $1000-$1200 and forget about crypto after storing them in unused addresses and printing a few paper wallets as back up then go live your life for another 10-15 years and when price reached your goal sell them to have $50M in cash at your disposal, imagine someone with 500K bitcoins could be a billionaire.

If the funds permit, then why not do so. Just do not need all the money to invest in bitcoin in order not to remain at a loss, because no one can accurately predict what awaits us.

[jjacob]

Then buy these 100BTC at these idiotic and low prices such as $1000-$1200 and forget about crypto after storing them in unused addresses and printing a few paper wallets as back up then go live your life for another 10-15 years and when price reached your goal sell them to have $50M in cash at your disposal, imagine someone with 500K bitcoins could be a billionaire.

If the funds permit, then why not do so. Just do not need all the money to invest in bitcoin in order not to remain at a loss, because no one can accurately predict what awaits us.

Only if you have cash to burn, can you contemplate doing something like this. If Bitcoin is replaced by ETH or some other alt, then the half million dollar price prediction will look very silly. It could pay off, but it is very, very risky.

[BillyBobZorton]

Then buy these 100BTC at these idiotic and low prices such as $1000-$1200 and forget about crypto after storing them in unused addresses and printing a few paper wallets as back up then go live your life for another 10-15 years and when price reached your goal sell them to have $50M in cash at your disposal, imagine someone with 500K bitcoins could be a billionaire.

If the funds permit, then why not do so. Just do not need all the money to invest in bitcoin in order not to remain at a loss, because no one can accurately predict what awaits us.

Only if you have cash to burn, can you contemplate doing something like this. If Bitcoin is replaced by ETH or some other alt, then the half million dollar price prediction will look very silly. It could pay off, but it is very, very risky.

ETH can't never replace BTC, because Ethereum and Bitcoin are very different things. ETH is known for "proof of vitalik", it will NEVER be the unit of account of crypto, it will never be the gold of crypto, BTC will remain #1.

[Kyraishi]

Then buy these 100BTC at these idiotic and low prices such as $1000-$1200 and forget about crypto after storing them in unused addresses and printing a few paper wallets as back up then go live your life for another 10-15 years and when price reached your goal sell them to have $50M in cash at your disposal, imagine someone with 500K bitcoins could be a billionaire.

If the funds permit, then why not do so. Just do not need all the money to invest in bitcoin in order not to remain at a loss, because no one can accurately predict what awaits us.

Only if you have cash to burn, can you contemplate doing something like this. If Bitcoin is replaced by ETH or some other alt, then the half million dollar price prediction will look very silly. It could pay off, but it is very, very risky.

ETH can't never replace BTC, because Ethereum and Bitcoin are very different things. ETH is known for "proof of vitalik", it will NEVER be the unit of account of crypto, it will never be the gold of crypto, BTC will remain #1.

I dont agree with you, you cannot just say that bitcoin is something unbeatable, and a cryptocurrency that will always have the biggest part of the market, because it may change any time soon.
It is all about some incident, that will make investors lose trust in bitcoin, or just the incident that will make some altcoin insanely strong on market.

Obviously, such a event may never happen, and bitcoin can always stay number one currency, but as everybody already know, humanity invents new technologies very fast, and why cannot that just happen in the cryptocurrencies world? It is about creation of new, great altcoin that is going to be backed up by a strong technology, even better than blockchain and bitcoin infrastructure.

I dont believe in bitcoin going up to half a million dollars, but i also do not expect it to die. I think it will be somewhere around 3000-4000$ level during 2030, but that is only my perspective.

[BillyBobZorton]

Then buy these 100BTC at these idiotic and low prices such as $1000-$1200 and forget about crypto after storing them in unused addresses and printing a few paper wallets as back up then go live your life for another 10-15 years and when price reached your goal sell them to have $50M in cash at your disposal, imagine someone with 500K bitcoins could be a billionaire.

If the funds permit, then why not do so. Just do not need all the money to invest in bitcoin in order not to remain at a loss, because no one can accurately predict what awaits us.

Only if you have cash to burn, can you contemplate doing something like this. If Bitcoin is replaced by ETH or some other alt, then the half million dollar price prediction will look very silly. It could pay off, but it is very, very risky.

ETH can't never replace BTC, because Ethereum and Bitcoin are very different things. ETH is known for "proof of vitalik", it will NEVER be the unit of account of crypto, it will never be the gold of crypto, BTC will remain #1.

I dont agree with you, you cannot just say that bitcoin is something unbeatable, and a cryptocurrency that will always have the biggest part of the market, because it may change any time soon.
It is all about some incident, that will make investors lose trust in bitcoin, or just the incident that will make some altcoin insanely strong on market.

Obviously, such a event may never happen, and bitcoin can always stay number one currency, but as everybody already know, humanity invents new technologies very fast, and why cannot that just happen in the cryptocurrencies world? It is about creation of new, great altcoin that is going to be backed up by a strong technology, even better than blockchain and bitcoin infrastructure.

I dont believe in bitcoin going up to half a million dollars, but i also do not expect it to die. I think it will be somewhere around 3000-4000$ level during 2030, but that is only my perspective.

Think about it. What has bigger chances of "some incident" happening: bitcoin, which is the oldest surviving crypto and the most conservative one, or some altcoin like ETH that will always be prone to more DAO disasters?

[bering]

speculation is good for bitcoin users because it also will attract them to save more bitcoin for the future and actually i always open my mind for every speculation especially speculation with solid evidences however although i'm not sure it will be happening but i was hoping that this speculate come true and i would so glad for that

[york780]

speculation is good for bitcoin users because it also will attract them to save more bitcoin for the future and actually i always open my mind for every speculation especially speculation with solid evidences however although i'm not sure it will be happening but i was hoping that this speculate come true and i would so glad for that

It has to happen.
Just imagine the possibilities.

[izanagi narukami]

By looking bitcoin trend from 2009 until 2017 and start to calculate and speculate using some model method, bitcoin will reach significant value on the future but still invest bitcoin will consider as risk investation because they can vanish or "broken" in different ways

[Ayiranorea]

This has been found as a major talk among the people who are now aware of bitcoin as well existence of cryptocurrencies. In an article quoting the news it's been described in a way that bitcoin price increase has got the increased chance of ruling the entire system of countries. So trust and invest to get the fruit.