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Author Topic: What will be the maximum price of bitcoin in your opinion.  (Read 449 times)
exstasie
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September 12, 2018, 11:54:35 PM
 #61

I'm glad that most people are capping their expectations at $1 million, or significantly less. For that reason, I'm guessing we'll go significantly higher than $1 million, if only for a short time during a blow-off top.

People keep talking about 1 million dollar price valuation for bitcoin but you are forgetting one crucial information for such price ; the market cap. If bitcoin reaches one million dollars per bitcoin than the marketcap of bitcoin will become 18 trillion dollars give or take. 18 trillion dollars is more than nasdaq and nyse all combined, you can even put up like 10 other big country stock exchanges on top of those two and still won't have enough to reach that market cap. I am sorry but I do not believe that is remotely possible. Bitcoin can't go bigger than 10 biggest stock exchanges all by itself.

In the mass adoption scenario, Bitcoin would stand alongside traditional investment assets. Bitcoin can theoretically take a chunk from all store-of-value assets, from gold to fiat currencies (M0). Gold's market cap stands around $8 trillion alone. $10-20 trillion doesn't seem unreasonable at all.

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September 15, 2018, 09:48:18 AM
 #62

I think Bitcoin will reach 1M+ and some pint. Will probably take a decade or two.
I can imagine what the market capitalization would be like at this point and probably we would have been tapped out by then based on circulating supply, probably, everything has been mined. Now, a decade or two is not something I would really want to say could be the case.

Sure, no one knows what the future brings, but it sounds a lot unrealistic to me. In a decade or two, I would be projecting something close to $500k though which still sounds a bit realistic but the truth is they are just guesses, as what would be will be.


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