.

[socks435]

$500,000 its too much price for bitcoin in the future.. and i think its impossible to happen in the future from $500k to $1m
Maybe i think 10,000 much more possible to reach in the future than what you are predicted..
For now we have still slow movement of the price that nearly to hit $2k value if we heard more good news that can affect almost globally the price of bitcoin can be increase more and touch $2k value soon.

[iluvpie60]

It won't get to be that high I don't think. Maybe a few thousand for the next year or so, after that in the tens of thousands I am sure. But at a certain point bitcoin is becoming too slow, needs segwit!!!!!

[Kanine Awe]

Very delusional no way it ever goes that high. It might be fun for some people to dream about that, but it won't realistically reach that number.

[CyberKuro]

Very delusional no way it ever goes that high. It might be fun for some people to dream about that, but it won't realistically reach that number.

People love to dream and then speculate about it, I don't know if bitcoin could achieve that but for now $10,000 seems more realistic.
Bitcoin has huge potential to reach higher price of course, as people attracted to its advantages but there are some problems which need.to solve before we reach those prices.

[muraqaba]

Some think it will be @22k by December!

[Mometaskers]

Save for anything catastrophic happening (like, North Korea), I think it is possible. I just find it unlikely to happen within this next couple of years. It's around $1,700 and I'm not even optimistic that it would double by the end of the year. True, Australia and Japan has just announced they recognize bitcoin but I don't know if that would be enough to ramp up the demand to the point that it'll be doubling or tripling within the year.

[25hashcoin]

It's not realistic at all. With the rise of certain altcoins with a purpose which do things much faster & better I see Bitcoin if anything dying off as people choose to invest in other coins.

Nice FUD 2 post account.

[mrcash02]

$1M Bitcoin prediction isn't realistic, because it's a very exaggerated price tot think now. There is a big distance between $1800 and $1M. It can happen, but no way to say why this will happen and when it will happen. People are dreaming about it...

[freeyourmind]

There's no way to predict the future. But one way to figure out how realistic it may be is to do some math to see what levels of adoption would be needed for the demand to drive the price to those levels.

We have an estimate X bitcoin owners today and Y bitcoins outstanding/mined and Z price per bitcoin.

So there's a relationship between X and Y to Z. If you change Z to $500,000 or $1,000,000 and solve for X you can find out how much adoption and demand would be needed. To get even more precise you should change the level of Y to reflect a future supply of bitcoin that would be higher than it is today, the effect of which will slow the price growth to adoption rate a bit.

The real challenge in the math is estimate how many users there are. There isn't good data on this, however we do have good data on the number of wallets open (currently at about 13.5 million).

Even if you google "how many people use bitcoin" you'll get an incredibly wide range of answers. In this case, take the lowest and highest estimates and create a range for your math.

Once you have a range based on the math you can determine how likely (or not likely) it is to reach that range of adoption to drive the price to $500,000 to $1M.

Maybe there's 10M bitcoin owners today. Could that number get to 100M? Absolutely, and if supply did not change than that would (in theory) raise the bitcoin price by 10 (so $20,000). Assuming no increase in supply, but another 10 fold increase in owners from 100M to 1B we (in theory) could have a bitcoin price of $200,000.  We're only a fifth of the way to a $1M price per coin and we need just less than a fifth of the world's population to get there. This also assumes that each user maintains their current holdings and isn't buying more.

Another assumption to factor in (and one that makes reaching the price beyond this basic math more feasible) is considering how many businesses own bitcoin. Businesses can drive the price way up because they often have greater resources to buy the coin!

The discussion can get quite fun when we start talking about the math!

Aside from your variables X, Y and Z, I think that the volume of transactions is another important variable that should be taken into account.  That has a huge impact on the demand of a currency, and ultimately, it's value.

Is that stat out there?  How much bitcoin is changing hands over a period of time?

[Souldream]

I've seen a lot of hype around certain people predicting Bitcoin will be valued at $500,000.00 to $1,000,000.00 in the future. If Bitcoin reached $1M, that would mean 1 Satoshi would be equivalent to 10 cents USD, which could raise some issues for rounding with smaller transactions if Bitcoin gets a much wider use in the future, which could open up a whole new bucket of confusion with scaling. Would Bitcoin start being divided even more? Such as with fractions of a Satoshi?

I feel that $1 Million is a bit high of an expectation, but at the beginning $1,000.00 seemed unreal also.

So what do you guys think is a realistic "best case scenario" value for Bitcoin in the future? $10,000? $100,000?

im not believing it, if its happen, i think bitcoin will be known by government, they will limit our earnings they will put taxes on us, i believe in $5000-$10000 but it will took a way long run, it will takes years before it will be happens.

[Sadlife]

For me bitcoin could realistically reach $500,000 in the future if you coule take a look and bitcoin statistics many countries started adopting it and merchant and services started using it as a payment method.
if an scaling solution like segwit could get implemented it will open up new and more functions and solutions to the bitcoin scaling and malleability.
If only the community would achieve consensus and then decide to activate this solution but if not it's still fine, many proposal will emerge in the future to fix bitcoin scaling problem.

[laredo7mm]

Anything is possible with bitcoins and may be in future we will witness that huge price of bitcoins but to be honest its an insane and unrealistic value to think of as bitcoin can go higher in future but it will never go in millions for sure as its too high to expect from bitcoins.

[shamzblueworld]

I've seen a lot of hype around certain people predicting Bitcoin will be valued at $500,000.00 to $1,000,000.00 in the future. If Bitcoin reached $1M, that would mean 1 Satoshi would be equivalent to 10 cents USD, which could raise some issues for rounding with smaller transactions if Bitcoin gets a much wider use in the future, which could open up a whole new bucket of confusion with scaling. Would Bitcoin start being divided even more? Such as with fractions of a Satoshi?

I feel that $1 Million is a bit high of an expectation, but at the beginning $1,000.00 seemed unreal also.

So what do you guys think is a realistic "best case scenario" value for Bitcoin in the future? $10,000? $100,000?

I agree with you, $1 Million does look like too much to believe. Probably $50,000 to $100,000 max. But I think we will be able to predict that a lot better once the total supply is out there and there are no more bitcoins to mine.
From then onward it will all be about the technology and then it will have more competition with alts. I feel one of the reason bitcoin is winning the competition so far is because it has been being mined yet.

[jonald_fyookball]

if bitcoin is allowed to scale, anything is possible.

right now, it is choking for air.

[Yakamoto]

A million in a long time maybe, definitely not anytime soon and you'd be delusional if you think Bitcoin will hit $1M within the decade without some sort of massive collapse of the system occurring that pushes everyone away from the traditional forms of money and into something like Bitcoin or whatever alternative forms of currency exist.
Basically the entire thing is a meme and not worth talking about.

[DoomDumas]

I'd say it would be possible, but very unlikely.

If comparing to USD, I would think that the only way for it to be worth $1M would be if the US Dollar experiences hyperinflation.

On top of that, it would need to be adopted worldwide as a legitimate currency for payments.

um the US will experience Venezuela style hyperinflation for printing trillions in $$$ out of thin air. its just a matter of time. and watch bitcoin explode!

This, and/or just think about how Bitcoin is the new type of comodity, never seen in history.. Not backed by physical goods, neighter by political means,..  backed by mathematics..

And it's really scarce in fact..  What is the ratio of BTC/human ?

What could happen to the value if only 1% of every human want to buy 20$ of bitcoin this week ?

This is entering History, like reading a book : we just finished the intro and are at the begining of chapter one !

[iamTom123]

Well, who would not want Bitcoin to reach that illusory 1 million level? Maybe those who have not yet Bitcoin they would not want Bitcoin to reach that dreamy state. But the question is: Can it really happen? I think it can but maybe you have to wait for 50 years or so. Reaching 3000 for now can already be so good for me.

[rajasumi3]

At this moment bitcoin is not so much powerful that the  price of  bitcoins would rise upto 1 million dollar,well even if it happe it would take more than 60 years to reach that value and we might not be available to see that price.

[danherbias07]

Yes it can. If USD's value is trash in this world. But right now it is a no. 
The hard part is we are clinging to USD which could end up at the wrong side in a wrong time. We value bitcoin more with currencies equivalent.  What if suddenly it went so deep down that it will have no value.
Would you say bitcoin got no value too?

[Doms]

Most likely not happening in my lifetime. How much does a share at Berkshire Hathaway cost? Or even a stock of Apple or Facebook. Chances are, if bitcoin is going to rise, it will have a ceiling and after that ceiling is reached, the price is just going to stabilize in that range. I am thinking that the price of bitcoin right now is stil at reasonable range, and once all these countries start accepting it, the price is just going to go berserk and might reach $5000 in a couple of years.