What will the price of BTC be when 22M people want 1 BTC each?

[El Cabron]

What will the price of BTC be when 22 million people want 1 BTC each?


How far are we from this date?

Hmm...

[MAbtc]

I think we are pretty far from there. Also, when 22M people want bitcoin, I think they will want much less than 1 each by then. Too few coins.   (well "want" and "can acquire" are two different things I guess)

[Sword Smith]

What will the price of BTC be when 22 million people want 1 BTC each?


How far are we from this date?

Hmm...

Yes. What is the solution? To count in mBTCs, Bitcoin cents, µBTCs, satoshis?

[wobber]

Good question to ask is what happens when 21,000,001 people want 1 BTC each. Not less.

[Sword Smith]

22m people already want 1 BTC each. Just like 10,000 people on this forum want 2,200 bitcoins each. The only question is how much they want it.

[windjc]

21 Million people want 1 BTC = 1 BTC = $21 million

Right?

Right!!

Right??

Pretty obvious to me.

Right?

[windjc]

21 Million people want 1 BTC = 1 BTC = $21 million

Right?

Right!!

Right??

Pretty obvious to me.

Right?

No, that's ridiculous.

[FNG]

or 12 million people

[Nemesis]

21 Million people want 1 BTC = 1 BTC = $21 million

Right?

Right!!

Right??

Pretty obvious to me.

Right?

No, that's ridiculous.

Forgot to use your alt acct?

LOL

[bitcon]

there will only be 21M btc. and lost / seized btc need to be taken into account.

[ruletheworld]

22m people already want 1 BTC each. Just like 10,000 people on this forum want 2,200 bitcoins each. The only question is how much they want it.

Exactly. It's a unit of value after all.

[bassclef]

21 Million people want 1 BTC = 1 BTC = $21 million

Right?

Right!!

Right??

Pretty obvious to me.

Right?

No, that's ridiculous.

Forgot to use your alt acct?

LOL

Busted!

[Severian]

What will the price of BTC be when 22 million people want 1 BTC each?

No idea. But at that point, having 100,000,000 satoshis will be considered a status symbol.

"Wow! You have a WHOLE bitcoin?"

"Yeah, but I'm not gonna spend any of it because I like seeing 1.00000000 in my wallet."

[BitChick]

What will the price of BTC be when 22 million people want 1 BTC each?

No idea. But at that point, having 100,000,000 satoshis will be considered a status symbol.

"Wow! You have a WHOLE bitcoin?"

"Yeah, but I'm not gonna spend any of it because I like seeing 1.00000000 in my wallet."

It is hard to believe now, isn't it?  But it was a comment almost like this that my husband made that made me realize I wanted to invest.  I was a bit depressed we had not gotten in "early" when the price was a buck or so each.  But those days there was not much proof it was going to take off.  Now it is almost less of a gamble, even at $200, that this is going to be something huge!  One BTC could be worth quite a bit for sure.

[CryptoMinter]

About $1,136,363 = 1 BTC @ 7000M
About $3,741 = 1 BTC @ 22M

Current exposure is at about 700k people

 

[Severian]

  I was a bit depressed we had not gotten in "early" when the price was a buck or so each. 

I feel like a damned idiot for worrying about fifty cent price changes when btc was at $10. It could drop $50 tomorrow and it wouldn't phase me now.

[bitpower]

I don't think you can predict this one easily or with any equation..
if that 21 milion people were gonna buy 1 bitcoin each today the price would rise with every next bitcoin bought.. i think the price depends on present buy and sell orders, the momentary demand and supply and also the price history is important indicator, cause people get suggested by it. (If the average price is 100$ and somebody just bought all the bitcoins up to 300$ one would you sell one of yours for 100$ knowing how much they just got sold for minute ago?

[rpietila]

I understand the question, and it does not have an easy answer.

This thread is imho a quality read, concerning the distribution of bitcoins.

A large percent of the most active forum members have very high bitcoin balances and no intention to sell them. This must be taken into account when considering the situation that 20 million people want in. A really large slice of the cake is taken by the big holders.

It is mathematically improbable, not only to have more than 21 million holders of BTC1, but actually to have even 2 million such holders! To have more than 5 million is flat out impossible if free market remains and the large holders are not coerced out of their holdings.

Goat, I know the proof of my findings is not yet there in an unrefutable form, but the fact remains.

What comes to the topic, an easy estimate is ofter better than a difficult one (extrapolate):
year end - users - price
2009 - 20
2010 - 200 - 0.5
2011 - 2000
2012 - 20k
2013 - 200k - 500
2014 - 2M
2015 - 20M - 50k.

It is not inconceivable that when 22 million people have some bitcoins, one goes for $50k.

[Frizz23]

What will the price of BTC be when 22 million people want 1 BTC each?


How far are we from this date?

Hmm...

Oh there is plenty of coin for all people. Because there is also Litecoin, Megacoin, Novacoin, Feathercoin, etc.

[mikis]

You're looking at it one way only, you may consider the other side as well.
How many USD/EUR/CNY those 22M want to put in BTC?