So if Bitcoin goes to $1m or $10m or $100m a coin....

[muenze]

And becomes a giant world currency...

Wouldnt there be quite the HUGE interest by govs of US, russia, china to own huge parts of it?

[1714114644]

1714114644

[muenze]

Sorry if this thread was done before I couldnt find any info on this and thought its pretty interesting.

[BigBoy89]

And becomes a giant world currency...

Wouldnt there be quite the HUGE interest by govs of US, russia, china to own huge parts of it?

Currently it's much more probably to reach 10 or 100 dollars instead of 10 or 100 millions
All holders will have nightmares is next 2-3 month until there is a new high.
1 million is possible in very long-run. 10 or 100 - nope.

[goinmerry]

And becomes a giant world currency...

Wouldnt there be quite the HUGE interest by govs of US, russia, china to own huge parts of it?

Currently it's much more probably to reach 10 or 100 dollars instead of 10 or 100 millions
All holders will have nightmares is next 2-3 month until there is a new high.
1 million is possible in very long-run. 10 or 100 - nope.

That was full of being an optimistic and positive.

Although there is chances I like to stick with the reality first. For the next 5 years, bitcoin price bottom must be around $10,000. For other, my expected price was bit too low since they are expecting something big with bitcoin. But like I said, I tend to closest thing to happen first because after all it will changed on the way the moment I have seen some drastically big price increase that will happened.

[pinacolada]

Bitcoin can reach $100,000-500,000. But $1M and up is impossible. Maybe in 50 years.

[iram1011]

And becomes a giant world currency...

Wouldnt there be quite the HUGE interest by govs of US, russia, china to own huge parts of it?

Do you think governments will wait for even $1m, forget about $100m?

Bitcoin is gaining part in financial landscape. Marketcap is still in Billions and to touch trillion dollar marketcap, only $60k price is required which is quite possible in next 4-5 years. Government of various countries would definitely take steps before Bitcoin touch this price or marketcap that is within 1-2 years. Governments can't let Bitcoin dominate the financial system. Sole reason for this is that Bitcoin is decentralized which has the potential to disrupt economy of a country if it dominates the particular market. Many are already in the process of bringing their own cryptocurrency.

[webtricks]

And becomes a giant world currency...
Wouldnt there be quite the HUGE interest by govs of US, russia, china to own huge parts of it?

We can't expect Bitcoin to reach that high without indulging governments in. $10-20K is possible with a small and particular class of society buying Bitcoin but to see $100K+ we need support from majority of society. This could only happen when Bitcoin become integral part of economy and this could only happen when government steps in. Thus not after $100k but much before it, governments of all major nations will step into Bitcoin world.  

[HeRetiK]

And becomes a giant world currency...

Wouldnt there be quite the HUGE interest by govs of US, russia, china to own huge parts of it?

I'm afraid it would need to be the other way round... first the world governments would need to be interested in using BTC as a reserve currency, then we would see a market cap like that.

Nonethelesss I think USD 1M,- is way out of league. In my opinion even USD 100k,- is already a long shot, but there's still a lot of growth potential nonetheless.

Bitcoin can reach $100,000-500,000. But $1M and up is impossible. Maybe in 50 years.

Well, all you'd need is for the dollar to become worth next to nothing

[DaMut]

And becomes a giant world currency...

Wouldnt there be quite the HUGE interest by govs of US, russia, china to own huge parts of it?

Currently it's much more probably to reach 10 or 100 dollars instead of 10 or 100 millions
All holders will have nightmares is next 2-3 month until there is a new high.
1 million is possible in very long-run. 10 or 100 - nope.

i would like to know when will it be ?
will reserving a ton of cash to buy it under $100 or lower than that.
i do not know that you are joking or talking about it seriously but $10~100 more likely it will not happen.
the best we can go so far if they are completely forbid it should be around $500,flash crash and then stabilize around $1000 before slowly declining around $500~1000.
but $10~100 it's more like a dream instead of target in my opinion.

$1 Million dollars,we can see it if Fiat has no value in the future and replaced by Bitcoin and others.
but for now ? it is impossible and at max we can see round $100.000 or around that,

[pooya87]

And becomes a giant world currency...

Wouldnt there be quite the HUGE interest by govs of US, russia, china to own huge parts of it?

why would government(s) want to own bitcoin, huge part or small part of it? and why would they do it when price was high?
for control? they can not control a decentralized bitcoin ever. they can delay its adoption and growth, they can damage its reputation to some point but never fully and never control.
for profit? then why not invest in other things? bitcoin is not the only profitable thing in the world and it wouldn't be the first thing to be worth $100,000-$300,000-....

[piloder]

And becomes a giant world currency...

Wouldnt there be quite the HUGE interest by govs of US, russia, china to own huge parts of it?

When price will be anything near $100k there will be huge interest from US specially to crack it down or atleast limit the use of bitcoin in their country because it will be a big threat to their existing financial system full of debt.

China already got frightened and now imposing lots of limitation on bitcoin trading or might even ban bitcoin completely.

[Fortify]

If you consider it like gold, then of course governments would want a piece of the action. However, those governments have every power to stop it reaching those heights. Unless they start to requisition bitcoin off their own people, they will have to buy it at the going market rate and it will be decades before that is a reality.

[talkbitcoin]

the question is not "if" it is "when".
and also when bitcoin reached a high price you should wonder if they can afford entering to "own huge parts of it" as you put it. by then bitcoin will be distributed well among the people and those early adopters with strong hands will have a good steak.

when we are not yet at $1 mil you can afford to be 1 in a million not when it was so expensive in the future.

[muenze]

why would government(s) want to own bitcoin, huge part (..) of it?

Because money is power. Lets say the world uses bitcoin for everything, everyone pays their bills with it, their purchases... The more a government owns the more power they have, and they can also influence the price. Which can help their economy if they want to make things cheap or expensive. Like china has been already doing with yen/usd by de-valueing their own currency, they make exports cheaper, which helps them against US businesses and other competition. So the more Bitcoin china owned would actually do give them control over some things, as the bitcoin price.

[Febo]

So if Bitcoin goes to $1m or $10m or $100m a coin....  And becomes a giant world currency...

Wouldnt there be quite the HUGE interest by govs of US, russia, china to own huge parts of it?

It can not be worth $100 millions as of today's value. It just cant. It could be worth $1 million. But not that soon. And I am sure when it will happen you will be able to afford  for a $1 million way less then you can today.

[pereira4]

Bitcoin can reach $100,000-500,000. But $1M and up is impossible. Maybe in 50 years.

It's not impossible. There are tons of trillions out there in stuid stocks, asseets and dead bonds. If some of it came to BTC, it would quickly skyrocket into a trillionare marketcap, pushing the price to $100,000. From now on it's only x10 and you got your $1,000,000 per coin, but governments will attack BTC before accepting inevitable defeated.

[maeusi]

No, I think, they will create their own virtual currencies, which is as transparent as Bitcoin but centralized, so that they can control their peoples.

[player514]

And becomes a giant world currency...

Wouldnt there be quite the HUGE interest by govs of US, russia, china to own huge parts of it?

Currently it's much more probably to reach 10 or 100 dollars instead of 10 or 100 millions
All holders will have nightmares is next 2-3 month until there is a new high.
1 million is possible in very long-run. 10 or 100 - nope.

I'd say we're pretty far off from the 10-100 dollars honestly. I think in the long run, bitcoin can maybe reach 10k. I don't know if it'll go further in the span of the next year or two. Beyond that, maybe in a few years, we can reach further, but that depends heavily on how blockchain technology is accepted and how governments want to deal with taxes and such. We'll see how it goes.

[jimbo2000]

Of course if bitcoin were to reach the levels mentioned then it would mean there is mass worldwide interest and usage and it would be inevitable that governments would look to have a part of this in one way or another. Unfortunately the feasibility of it really reaching such levels is quite unlikely, this would take probably hundreds of years and the absolute best case scenario in terms of global adoption. A price of $1m would mean a market cap of 21 trillion which is about 1/4 of the estimated broad money supply.

[Morguk]

Agree with the others that $1 million is possible in the long run, keyword possible. Surpassing $1 million is ridiculous. We already need a 250x increase on current prices for $1 million, that's a 24900% increase.