Bitcoin for $1 Million !!! In ten years?

[Silberman]

An early investor in Airbnb and Uber explains why he started buying bitcoin in 2009

Jeffrey Wernick is an independent investor whose portfolio includes early holdings in Uber and Airbnb. Wernick was also an early investor in bitcoin. He started buying it in 2009, the year it was created.

Wernick's initial interest in bitcoin was not just speculation that the price would rise. He believes bitcoin's value comes from its ability to solve the biggest problems with fiat money.

Wernick believes the ability to run large deficits and debase the currency changes the relationship between the government and its citizens. He believes it gives the government the ability to do things without the consent of the people.

Wernick says bitcoin solves these problems because it is a "people's currency, it's defined by the people, and it's defined by rules and a protocol that people trust."

Gold used to solve the same issue but like always governments found a way around that by mixing copper with gold and creating a greater coinage with the same amount of gold, this is deficit spending and modern governments do not even have that limitation anymore since fiat currencies have no relationship with gold an I'm sure the governments will find a way around the limitation of the number of coins in bitcoin if they really want it.

[Kurokyy]

I really agree with you, I'm sure this can be very expensive, how not to keep the price of bitcoin at a very low cost while the bitcoin supply is so limited that making bitcoin can be very expensive someday.

There is a huge chance for bitcoins to reach $1m in ten years if the market price will just continuously grow every year and people will not stop investing on cryptocurrency.

[cuteman]

I'm sure the governments will find a way around the limitation of the number of coins in bitcoin if they really want it.

Final number of bitcoins is limited to 21 mlb coins, and if the govenments will decide to brake this rule, they will need to breake bitcoin protocol, wich was not possible possible so far.  

There are also estimations that 25% of bitcoins have been lost for good.  

[cuteman]

BitMEX CEO Arthur Hayes believes bitcoin will fall to $5,000 per coin before heading to $50,000 later this year.

The price of bitcoin jumped nearly $800 in an hour on Wednesday. Hayes believes that jump coincides with a quick surge of investors entering around the same price levels. He said the coin could jump as high as $10,000 before crashing to $5,000 on the road to his year-end prediction.

[ngamuk tok]

One million per coin seems a bit too much to expect, but the total amount of money in the whole world is huge. If Bitcoin can replace some financial assets or become a completely new financial asset type, who knows what might happen.

no one can predict the future, 10 years is a very long time.
but I'm sure in the future bitcoin will rise high above yesterday's highs.

[cuteman]

Two analysts believe bitcoin's recent spike comes from an increase in trading volume in Asia. Mati Greenspan of eToro and Clem Chambers of ADVFN argue that the trade standoff between the United States and China has turned investors to bitcoin. As the standoff threatens the value of Chinese and American currencies, Asian trades - especially in Japan and Korea - have increased investment in bitcoin as a hedge.

[Spaffin]

I think that bitcoin will never cost one million dollars. This is not really practical, although it may be in theory on schedule it can be. There are many factors that will constantly prevent the growth of bitcoin to such great heights. And what is the growth of bitcoin in price in such limits? This is purely speculative demand, which reflects a temporary situation. It can not be permanent. Therefore, the volatility of bitcoin will increase, and with it the possibility of panic among investors will increase. This will not allow a large increase in the price of bitcoin.

[Clark05]

$1,000,000 for 1 bitcoin is impossible to reach. Because bitcoin is possible to hit highest pricr only 100k dollars and the percent happen that is very low and 1 million there's no 1 percent to happen. Even the supply of the bitcoin already bought they did not happen.

[cuteman]

$1,000,000 for 1 bitcoin is impossible to reach. Because bitcoin is possible to hit highest pricr only 100k dollars

Do you think that skilled IT persons like MsAffee are wrong because they are engaged in the crypto, and thus are seeking their own profit when saying about $1M price?

[MC81]

 Can happened because 10 years is a long time and everything can change but it's impossible $1000000 for 1bitcoin to reach that much and in one market.

[LuciferEveningStar]

I'm sure the governments will find a way around the limitation of the number of coins in bitcoin if they really want it.

Final number of bitcoins is limited to 21 mlb coins, and if the govenments will decide to brake this rule, they will need to breake bitcoin protocol, wich was not possible possible so far.  

There are also estimations that 25% of bitcoins have been lost for good.  

In my own opinion, even government will broke the rule, bitcoins will still continue to grow because people can always invest in the market if they are interested on cryptocurrency.

[wizmo]

I think $1 Million for 1 Bitcoin is too much but anything can be possible when we are talking about bitcoin. Bitcoin is a digital currency and it's very early to predict it's price for long term because there are many altcoins and bitcoin might loose it's position but speculations can be made and I don't recommend anyone to believe in these.

[wuvdoll]

Two analysts believe bitcoin's recent spike comes from an increase in trading volume in Asia. Mati Greenspan of eToro and Clem Chambers of ADVFN argue that the trade standoff between the United States and China has turned investors to bitcoin. As the standoff threatens the value of Chinese and American currencies, Asian trades - especially in Japan and Korea - have increased investment in bitcoin as a hedge.

Yeah even the investor understand the valid points of why bitcoin has a value, yet so many people here keep talking about how bitcoin can go down or can go up and how they can make money from it and so forth. We need to stop caring about what bitcoin price will be and start considering what bitcoin stands for, in return bitcoin will become stronger and its value will get higher. We can't chase the money, money will lead us to where it already belongs in today's finance world, we need to follow ideas, that will take us to the promised land.

I think $1 Million for 1 Bitcoin is too much but anything can be possible when we are talking about bitcoin.

Some 2 to 4 years back people were talking about $10k for one bitcoin is too much and impractical but now we are having prices around that. As per my research and analysis, bitcoin may have one million dollar value in next 2 to 3 years of time.

[btcmegastar]

I'm sure the governments will find a way around the limitation of the number of coins in bitcoin if they really want it.

Final number of bitcoins is limited to 21 mlb coins, and if the govenments will decide to brake this rule, they will need to breake bitcoin protocol, wich was not possible possible so far.  

There are also estimations that 25% of bitcoins have been lost for good.  

In my own opinion, even government will broke the rule, bitcoins will still continue to grow because people can always invest in the market if they are interested on cryptocurrency.

Bitcoin price will increase but 1 Million is the too much high amount which we don't have any clue. Of course, many people seeing how potential the Bitcoin is going to be but 1 Million too much high amount it will take nearly more than 10 years to reach that value.

[cuteman]

Hedge fund manager Mark Yusko said bitcoin could hit $500,000 per coin by 2024.

Last October, Yusko predicted that the bitcoin price could one day reach $1 million per coin, though he said that he did not expect BTC to hit this milestone for at least a decade.

Yusko believes bitcoin will see such incredible growth because of the network effect, a theory that a communications network becomes more valuable as it on boards more users.

Commenting on bitcoin’s recent price movements, Yusko said that daily fluctuations are “just noise” because “all that matters is securing ownership of the [Bitcoin] Network.”

 -CCN

[cuteman]

Writing on Twitter, Mark Yusko, the founder of North Carolina-based Morgan Creek Capital Management, said that he is sticking by his year-end price target of $25,000. Yusko originally made this prediction in April, adding that he expects bitcoin to march to $75,000 by 2020, $200,000 by 2022, and ultimately eclipse $500,000 by the end of 2024.



 

[Silberman]

I'm sure the governments will find a way around the limitation of the number of coins in bitcoin if they really want it.

Final number of bitcoins is limited to 21 mlb coins, and if the govenments will decide to brake this rule, they will need to breake bitcoin protocol, wich was not possible possible so far.  

There are also estimations that 25% of bitcoins have been lost for good.  

Again, if they really want it they will find a way, just look at what they did to gold, at first fiat was completely backed by gold and then the government began printing more money than the gold they had in stock since at the time the dollar was defined by a weight on gold, in fact the word dollar was a form of weight for gold similar to pounds or kilograms, but they circumvented this by printing more fiat, it is possible that in the future governments get bitcoin and back their fiat with it and then they print more fiat than the bitcoin they have in store.

[cuteman]

Again, if they really want it they will find a way, just look at what they did to gold, at first fiat was completely backed by gold and then the government began printing more money than the gold they had in stock since at the time the dollar was defined by a weight on gold, in fact the word dollar was a form of weight for gold similar to pounds or kilograms, but they circumvented this by printing more fiat, it is possible that in the future governments get bitcoin and back their fiat with it and then they print more fiat than the bitcoin they have in store.

Bitcoin is completely decentralized, and gold is not, as historically governments keep a lot of gold in reserves, and they can manipulate it somehow.  Nevetheless gold price has risen last decades because of printing money.   If governments decide to manipulate bitcoin, they will first need to buy it at a significant volume - wich will cause a huge rise in it's price.  Not an easy task for them 

[cuteman]

Bitcoin miners believe bitcoin will jump in the near future. The reasoning comes down to increased regulation around the world and a positive 50-day moving average.
-FORBES

[cuteman]

The bitcoin hash rate has continued to grow at an astonishing pace despite the selloff, suggesting miners are still very bullish on future prices.