Does Bitcoin have what it takes to become a trillion dollar industry?

[BitshireHashaway]

Right now bitcoins is a billion dollar industry based on the price per bitcoin and the current number of bitcoins which are out there. However in order for bitcoins to become a trillion dollar industry once the maximum of 21,000,000 bitcoins have been released, the price of bitcoins will need to rise to $50,000 a piece. Do you guys believe that it can happen and that bitcoins can become a multi-trillion dollar industry.

And if you don't believe it can happen do you believe the value of all cryto-currencies combined can make it happen because litecoins are already a multi-million dollar industry and so are a few others I believe.

[Welsh]

My guess is as good as anyone's, I hope it does, that would be nice.


Guess, we'll have to wait and see.

[1bettor.com]

I hope so too, but highly unlikely. Just some flaws that others have pointed out in other threads that are its glaring weakness. These weaknesses wont allow it to dominate and be accepted. I sorta think about bitcoin as myspace and MAYBE another crypto coin can be facebook?

Maybe btc is facebook, time will tell, thats the best part!

[giantdragon]

My odds about Bitcoin market cap

10B - 90% ($0/BTC otherwise)
50B - 50%
100B - 20%
>200B - 5%

[MiningUnited]

the price of bitcoins will need to rise to $50,000 a piece.

In order for this to happen, I strongly believe gold or silver would need to reach a higher amount first.

Gold > Silver > BitCoin

[BTConomist]

the price of bitcoins will need to rise to $50,000 a piece.

In order for this to happen, I strongly believe gold or silver would need to reach a higher amount first.

Gold > Silver > BitCoin

Not exactly... For this to happen, every single bitcoin must be able to buy, on average, $50,000 worth of goods and services at any given point in time. So, if you can imagine the possibility of a future where there will be plenty of merchants selling $1,050,000,000,000 worth of goods/services for bitcoin on a regular basis (and not merely transferring those coins into fiat currencies on the spot), then it's very likely that bitcoins would reach a valuation of $50,000 each.

[jhansen858]

For bitcoin to hit 1T it would have to be 1000x bigger then it is now.  Hrm, I just don't see it happening anytime soon. 

[FNG]

If the rich decide to utilize bitcoin for it's ability to store and send wealth across borders

if bitcoin begins to be used in trade by 10's of millions of people.

Yes, it's possible.

[brenzi]

I seriously hope bitcoin is the myspace of cryptocurrencies.
See https://bitcointalk.org/index.php?topic=181759.msg1897702#msg1897702

[chikading2016]

Right now bitcoins is a billion dollar industry based on the price per bitcoin and the current number of bitcoins which are out there. However in order for bitcoins to become a trillion dollar industry once the maximum of 21,000,000 bitcoins have been released, the price of bitcoins will need to rise to $50,000 a piece. Do you guys believe that it can happen and that bitcoins can become a multi-trillion dollar industry.

And if you don't believe it can happen do you believe the value of all cryto-currencies combined can make it happen because litecoins are already a multi-million dollar industry and so are a few others I believe.

It is a good,. And I actually dreaming when the time come.,  bitcoin is the solution of what the economy and to those people who are in level of being poor.,. And I'm proud also to be a part in a billion dollar ecomomy.

[DaMut]

i think it's understandable and it has a possibility to reach that point,
it's a dream for us as cryptocurrency supporter to reach that stage,
but what will happen if the price hit that point ? it's a serious number for other people.
i believe when it happen in the future goverment will start to regulate it and record everything that we have.
look at japan right now for example,
their goverment trying to regulate their exchanger and tracking their activity for the past 6 months.
it has a possibility to reach a trillion dolars industry but with that we will see a big change in our cryptocurrency.

[iram1011]

Bitcoin definitely has potential to reach trillion dollars marketcap. The reason being the size of market it is disrupting and the size of potential users. Bitcoin is disrupting the market of traditional currencies and the potential market is of billion internet users. It can easily reach to trillion dollars marketcap.

[Compradora]

Bitcoin definitely has potential to reach trillion dollars marketcap. The reason being the size of market it is disrupting and the size of potential users. Bitcoin is disrupting the market of traditional currencies and the potential market is of billion internet users. It can easily reach to trillion dollars marketcap.

This can be in 2030 or 2025 with the condition that countires doesn't ban bitcoin.

It's likely to reach 250 billion dollars in 2019 from my perspective. We still have time to talk about these things.

[glowing10]

This could happen trillion dollar industry only if some major countries and developing countries become a part of this and they accept he bitcoin in their country. Without which I do not see anyhow this is going to be possible. Higher the countries accept it more people will start using it and the adoption rate would be huge thus result in in use in daily needs to buy goods and services will start to happen. Thus then only it can become the trillion dollar industry.

[BingoDog]

I don't know. In theory it's possible but from this point of view it's difficult to tell for sure. It depends on future attitude of governemnts and countries towards bitcoin and possibilty of bitocin to adjust. Even if this happens that will not be in the framework of next 5 years but let's see what the future brings. 

[Saichoukyushin]

Bitcoin definitely has potential to reach trillion dollars marketcap. The reason being the size of market it is disrupting and the size of potential users. Bitcoin is disrupting the market of traditional currencies and the potential market is of billion internet users. It can easily reach to trillion dollars marketcap.

This can be in 2030 or 2025 with the condition that countires doesn't ban bitcoin.

It's likely to reach 250 billion dollars in 2019 from my perspective. We still have time to talk about these things.

It was too early in the year of 2019 but lets just think positive and enjoy the road take profits etc. Bitcoin to be trillion dollars need almost all of the people to use  bitcoin.it will take more years to happen.

[xCryptoManiaX]

Not anytime soon but yeah, why not? More and more people use it every day. PRobably we will need something new so the fees arent that high.

[Proton2233]

This could be. Only such price of bitcoin does not mean that you can for one bitcoin to buy a house. This will not happen. The growth of bitcoin prices is manifested in the inflation of the dollar. As people begin to trust bitcoin they abandon the dollar and buy bitcoins. This leads to the fact that for $ 1,000 you can buy what used to buy for $ 1. Americans can print dollars to infinity.

[kachimasu]

Crypto currency as a whole has this potential, not only  Bitcoin

[Hydrogen]

If people are tired of centralized, socialist, economic policy which create high taxes, high unemployment, high inflation, protectionism of big business, wasteful and inefficient state spending, big deficits, pointless wars.

Bitcoin could become a trillion dollar industry as it tends to represents the inverse opposite of those things.