When 21BTC = $1,000,000. If

[Minecache]

Predicting a state of economic value. When. If.

[Bitcoinaire]

Sometime in 2018.

[ktabb]

Predicting a state of economic value. When. If.

So just under $50k per bitcoin, almost 25 times what it is now... that would require a market cap of something like $875 billion, a little more than $AAPL stock. I think that is possible but not in the current bubble we are in right now. Maybe if we see another bubble in 4-5 years it could hit something close to that. I think this would require an ETF to exist and a lot of new bitcoin investors to pile onto the train. Not impossible though.

[AjithBtc]

21 btc = $1000,000 seems to be possible, but we cannot have a perfect prediction on the time. Because recently too the blockchain CEO revealed his own prediction based on the price analysis from the beginning of the days. His prediction stated that a single coin might go as high as $50000. Let's hope the best to happen.

[ImHash]

Sometime in 2018.

21*2300=48300 in 6/2017.
With current difficulty level you could mine a bitcoin with an estimated $1000 cost per coin.
Whenever it costs $35000 to mine a coin then we could see a price around $48000.
With a wild calculation, when difficulty increases at least 30 times of the current level is when 21 bitcoins worth $1,000,000.

[dihari]

There will be dilemma in two side of bitcoin price moves extremely​. If bitcoin going too cheap, let's said like what you want 21 btc = $1.000.000, I am afraid the whole btc ever created can buy and driven by only one person. And vice versa, if bitcoin prices touching the highest price too fast, everyone chance to invest in bitcoin getting more difficult.

Well, just because this are speculation board, we can't say anything without analyze something.

[andrei56]

Predicting a state of economic value. When. If.

That is close to 48k per coin to be honest I don’t think we will need anything major  to happen for bitcoin to reach that price, the world economy will keep going despite a few crisis that will help bitcoin, reaching that price is  not as far out as some may think if bitcoin grew something like 10% yearly I suspect it will only take bitcoin 20 to 30 years to reach that price.

[Kallipso]

Predicting a state of economic value. When. If.

That is close to 48k per coin to be honest I don’t think we will need anything major for bitcoin to happen for bitcoin to reach that price, the world economy will keep going despite a few crisis that will help bitcoin, reaching that price is  not as far our as some may think if bitcoin grew something like 10% yearly I suspect it will only take bitcoin 20 to 30 years to reach that price.

Everything can turn out from the night, even vice versa, and the fact is that already very strong professionals in the financial world suspect that even within 5 years Bitcoin can reach 1 Million dollarov. So expressed the president of PayPal.

[19Nov16]

Used by many countries will affect the price of the bitcoin, if China, Rusia, USA, the European Union and many countries officially legalize bitcoin then price 21BTC = $1,000,000 is looks easy to reach.

[bitbollo]

Sometime in 2018.

21*2300=48300 in 6/2017.
With current difficulty level you could mine a bitcoin with an estimated $1000 cost per coin.
Whenever it costs $35000 to mine a coin then we could see a price around $48000.
With a wild calculation, when difficulty increases at least 30 times of the current level is when 21 bitcoins worth $1,000,000.

I guess we can see this target around 2020 if the price will follow the hash rate as incremental 
Let's take just hash power as variable... As we can see https://bitcoinwisdom.com/bitcoin/difficulty
Every 7 months (more or less) the total hash rate trends to a 100%.

Nov 18 2016   281,800,917,193   10.68%   2,017,209,539 GH/s
May 23 2017   595,921,917,085   6.42%   4,265,775,241 GH/s

Dec 2017 8.000.000 GH/s
Jun 2018 16.000.000 GH/s
Jan 2019 32.000.000 GH/s
Aug 2019 64.000.000 GH/s

Around Feb 2020 we can see 120.000.000 GH/s  

[Amph]

Predicting a state of economic value. When. If.

So just under $50k per bitcoin, almost 25 times what it is now... that would require a market cap of something like $875 billion, a little more than $AAPL stock. I think that is possible but not in the current bubble we are in right now. Maybe if we see another bubble in 4-5 years it could hit something close to that. I think this would require an ETF to exist and a lot of new bitcoin investors to pile onto the train. Not impossible though.

next halving should be the perfect target for that, assuming we can build the base for that value, right now we are too far away form it, we need first to reach 10k, to go then to 50k with a certain stability

otherwise we are just asking for a pump and dump, which is not good, and get away new investors, if we consider that we increase 10x from 2012 to 2016(200-->1300-->again 200 and now 2k), it should be possible to do 20k by 2020 or more

[culuuton]

Used by many countries will affect the price of the bitcoin, if China, Rusia, USA, the European Union and many countries officially legalize bitcoin then price 21BTC = $1,000,000 is looks easy to reach.

Bitcoin is the future of online currency and now it has become viral but it still has to go many ups and down to reach there.

[Karpeles]

This is 3 orders of magnitude higher than the current price, so, in logarithm scale, would be the same as a jump from a few dollars to the thousands. Last time the the price was less than $10 was in the start of 2013, then Bitcoin crossed and stabilized above $100 around April this year, or 4 years and 4 months after.
If the pattern repeats, the expectation for 1M should be around the end of 1M.
Of course there is variance and a big if on it, but it is the best guess currently, 4 years is almost half of Bitcoin life

[HatakeKakashi]

If you have 21 bitcoin and You ask when 21 bitcoin reach 1,000,000  dollars is very possible to happen because they need price of $50,000 per bitcoin so you can get 1 million dollars but it is very possible to happen because my prediction the maximum orice of bitcoin will be $20,000 and they cannot increase more than the amount. But everything is possible to happen but your price is less percent to happen maybe 1 % only I think.

[btcney]

Predicting a state of economic value. When. If.

When this happens the economy is probably in deep crap. 21 BTC to $1,000,000 roughly equates to $50,000 per bitcoin. I would assume that bitcoin would do very well in economic turmoil as more people switch to this alternative for fiat currency instead of sticking with the fiats.

Bitcoin is a bit like gold in the sense that nobody can exploit the system by printing more and more money non-stop because there is just no way you're going to do this unless you buy lots of expensive equipment. And also this is why you should hold at least 10% of your portfolio in BTC to prepare for a disaster.

[Supercrypt]

Predicting a state of economic value. When. If.

So just under $50k per bitcoin, almost 25 times what it is now... that would require a market cap of something like $875 billion, a little more than $AAPL stock. I think that is possible but not in the current bubble we are in right now. Maybe if we see another bubble in 4-5 years it could hit something close to that. I think this would require an ETF to exist and a lot of new bitcoin investors to pile onto the train. Not impossible though.

25 more times of appreciations does not sound too hard to me. From 2015 January to present times, bitcoin got 10 times appreciations so smoothly (after mtgox issues it reached to $180 to $220 levels and now trading stable around $2200 levels). So, in next 3 to 5 years we can expect similar growth so that we can expect prices to reach $50k too.

There are people who are speculating one million levels for one bitcoins in next 5 years. I am not going to claim which is reasonable as bitcoin prices are seeming out of my prediction scopes.

[worldmain]

Totally depends on how fast each country legalize it. May be in 5 years time

[ivanst776]

Predicting a state of economic value. When. If.

Next decade (maybe). The difference between 21 bitcoins now and 21 bitcoin worthing $1M is very huge. From this year I don't expect the price to brle more than $3,500 - $4,000.

The speculation are getting higher and higher because of the recent pump which made people think that bitcoin can reach 10k very soon!!

There are many factors that affects directly the price such as the acceptance of countries and the popularity of bitcoin.

[Le Happy Merchant]

Sometime in 2018.

21*2300=48300 in 6/2017.
With current difficulty level you could mine a bitcoin with an estimated $1000 cost per coin.
Whenever it costs $35000 to mine a coin then we could see a price around $48000.
With a wild calculation, when difficulty increases at least 30 times of the current level is when 21 bitcoins worth $1,000,000.

Not to be overly precise, but the goal of $48000 is only ~21 times the current price you quoted of $2300.

[YuginKadoya]

21 btc = $1000,000 seems to be possible, but we cannot have a perfect prediction on the time. Because recently too the blockchain CEO revealed his own prediction based on the price analysis from the beginning of the days. His prediction stated that a single coin might go as high as $50000. Let's hope the best to happen.

Right now 21 BTC is equal to $46,458.51 dollar and 1 BTC is $2212.31 dollar as of now.
And base on the prediction of Blockchain CEO it can surely happen reaching the $500,00 in the future is possible but we can really never knew when and how bitcoin would do that, because the increase in the value of bitcoin is dependent on the so many aspects and knowing the aspect of how it can increase is a big thing to ready ones self.