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

[angaper]

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 do not see the need for certain countries to try to control the bitcoin, since they have been making considerable efforts to damage its reputation, but when they realize that its advance is unstoppable, it will be too late for those countries and there will be big capitals holding the majority of bitcoin.

But on the other hand, all these systematic attacks could also try to dump the price of bitcoin to subversively acquire its domain at better prices.

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[Question123]

Thats price is very big and impossible to happen even you wait 1 century. Because for me the highest price of hitcoin is 30k dollars. But everything is possible to happen . But I hope the price of bitcoin increase.

[alani123]

At that point, it'd seem like actual money wasn't worth all that much. Bitcoin is already well distributed to many parties so a rise to such prices would warrant out of market factors that are likely too unrealistic. Under current circumstances, decentralization would have it that there's always going to be selling pressure for bitcoin to actually not go to such prices.

[mozillaspez]

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.

Government cannot stop bitcoin because bitcoin is going upward and it is breaking records everywhere so we can say that bitcoin is unstoppable and it will reach to the sky and make happy everyone who are with bitcoin.

[denny27]

I rate it seems very high for bitcoin price that are still in development process over time and easily influenced by various news. But if that happens, it looks like there will be major changes around the world in terms on viewing / respons on bitcoin and will make many peoples flocked to be closer on bitcoin. But i can't yet ensure if bitcoin price can reaches that value.

[pereira4]

At that point, it'd seem like actual money wasn't worth all that much. Bitcoin is already well distributed to many parties so a rise to such prices would warrant out of market factors that are likely too unrealistic. Under current circumstances, decentralization would have it that there's always going to be selling pressure for bitcoin to actually not go to such prices.

The concept of "actual money" being only government backed money is what will change once more people are using cryptocurrencies than these using fiat currencies, and we will win because eventually all currencies end up getting devaluated into oblivion Venezuela style, and the next logical step for everyone unfortunate enough to be on these countries will join Bitcoin. Bitcoin is a global team and all expatriates that get fucked in the ass due deprecating fiat currencies will join us and we will in.

[MakeMoneyBtc]

I think it is impossible for bitcoin to get to $1m because then the total supply of bitcoin will worth over $21 quadrillion wich seems like an enormous amount. The maximum price bitcoin is going to have is $100k from my opinion. Still 100k is huge for 1bitcoin but if it gets known and used in the whole world it would be reasonable

[muenze]

I think it is impossible for bitcoin to get to $1m because then the total supply of bitcoin will worth over $21 quadrillion wich seems like an enormous amount. The maximum price bitcoin is going to have is $100k from my opinion. Still 100k is huge for 1bitcoin but if it gets known and used in the whole world it would be reasonable

There is 1 billion in euro-notes currently. But you have to see that this is not all the euro there is, its just the cash amounts. Also with bitcoin a lot of people are holding their coins, so only a percentage of all bitcoins is actually available. So even if the market cap of bitcoin gets to, like a couple of trillions, it could still just be a much smaller amount actually available for all the bitcoin payment needs people have.