Future BTC's price

[BlackPanda]

The future price of bitcoin is quite hard to determined because we are not sure if bitcoin will exist forever. But, there will be a time in the future that the price of bitcoin will become totally expensive and maybe all the people will use cryptocurrencies which may lead to increases of demand.

Exactly, it's very hard to predict the future of Bitcoin as every day there is a surprise as well as shock. Yes like you said it will become very expensive in few years also crypto will rule the entire world, crypto currency is spreading like social media for sure there might be a high demand.

Crypto is a future, we all recognize that crypto is something that must be utilized to the maximum extent possible.
The benefits that we get are certainly extraordinary, we can get a media to conduct financial transactions quickly, easily and also safely.
Crypto offers us access in the financial system in the future, by digitizing the financial system so that all financial systems in the world will be centralized.
But remember that this has the risk, we must be able to avoid negative impacts and maximize their positive impact.

[Wilhelm]

In 2136 there will be no dollar 

[deisik]

I consider it a issue that security through mining relies on TX fees in the future. There should be some sort of on-going emission to fund miners in the future.

I think this is a fair point. It makes the future much less predictable. There's no guarantee that the long term economic design (a hard limit on supply) pans out as expected

This question has been discussed before and with no definitive solution in sight

For example, I maintain that the concept of "sound money" is not a very good one, especially if we talk about a currency aspect of money (as opposed to its store of value one). But that's kinda obvious, provided you have a half-functioning brain and do not obsess with the idea of fiat being inherently evil. But I don't know how you are going to replicate in a cryptocurrency the capacity of fiat money to adjust its supply according to the needs of the economy (see the concept of endogenous money to better understand what I'm talking about)

[maxamus]

In 2136 there will be no dollar 

we cannot predict the price of bitcoin and especially the price of coins in crypto market. But there are more research and usage of technology working towards identifying the value and predicting based on previous growth etc took place. But I don't have any value to predict the future of BTC will see by going forward.

[aleandromagno]

In the year 2136, after the penultimate BTC halving, the block reward will be 0,00000002 BTC (2 Satoshi).
If BTC mining is still profitable, how much could be 1 BTC cost?

I think that until the year 2136, the Bitcoin that we're using right now will no longer exist. There will be a better technology that will replace the payments we know today. Collectors will probably keep their Bitcoins, but they will have little value.

[figmentofmyass]

I maintain that the concept of "sound money" is not a very good one, especially if we talk about a currency aspect of money (as opposed to its store of value one). But that's kinda obvious, provided you have a half-functioning brain and do not obsess with the idea of fiat being inherently evil.

"sound money" usually means either "not prone to sudden appreciation or depreciation" or "commodity-based money". why is that a bad concept? what prevents sound money from being useful as a currency?

paper money backed by gold or silver was used as currency ever since the 13th century, and quite effectively at that.

But I don't know how you are going to replicate in a cryptocurrency the capacity of fiat money to adjust its supply according to the needs of the economy (see the concept of endogenous money to better understand what I'm talking about)

why does the money supply need to be adjusted at all? you seem to assume keynesian economics is the optimal model but you don't explain why. satoshi designed bitcoin with a hard cap on supply because he obviously believed keynesian economics were the wrong approach to money.

[deisik]

I maintain that the concept of "sound money" is not a very good one, especially if we talk about a currency aspect of money (as opposed to its store of value one). But that's kinda obvious, provided you have a half-functioning brain and do not obsess with the idea of fiat being inherently evil.

"sound money" usually means either "not prone to sudden appreciation or depreciation" or "commodity-based money". why is that a bad concept? what prevents sound money from being useful as a currency?

paper money backed by gold or silver was used as currency ever since the 13th century, and quite effectively at that

It is not a bad concept on its own

It is just the forms of money you mention (gold, silver, paper money backed by precious metals) are not suitable for a quickly expanding economy (or just quickly changing economy, for that matter). In such economy commodity-based money constantly changes its value which may give an undeserved advantage to holders (aka rentiers) while discouraging producers, i.e. those who actually create new wealth and make our lives better (and a whole host of other issues which a good textbook explains in great detail). It worked for a few millinea simply because the economies back then were not growing so fast to make it a real problem. Most of the time they were not growing at all, so it was not a problem either

But I don't know how you are going to replicate in a cryptocurrency the capacity of fiat money to adjust its supply according to the needs of the economy (see the concept of endogenous money to better understand what I'm talking about)

why does the money supply need to be adjusted at all?

Because there is an optimum amount of money given the size of an economy (after bootstrapping the money). When the economy contracts or expands, money supply should reflect these changes proportionately, otherwise it will create imbalances. The supply of fiat money mostly adjusts on its own via credit, i.e. it has a built-in mechanism for such an adjustment

No known cryptocurrency can replicate that

[2chase]

I think that if Bitcoin will conyinue until 2136, then its cost will probably exceed several tens of millions of dollars, although of course such assumptions are pure fantasy, because we cannot know exactly what will happen even after 3-4 years, let alone already about what will happen in more than 100 years.

[South Park]

In the year 2136, after the penultimate BTC halving, the block reward will be 0,00000002 BTC (2 Satoshi).
If BTC mining is still profitable, how much could be 1 BTC cost?

It is impossible to know the answer to that since you are talking about a period in which no one that is here today will be able to see, but it seems you have the mistaken idea that miners only get the block reward and that is not true, the miners also get the fees from each transaction they include in the blocks they mine and while that is not enough to sustain them now this could change once bitcoin gets adopted around the world.

[boyptc]

I think that if Bitcoin will conyinue until 2136, then its cost will probably exceed several tens of millions of dollars, although of course such assumptions are pure fantasy, because we cannot know exactly what will happen even after 3-4 years, let alone already about what will happen in more than 100 years.

It's going to be an amazing thing to know but no one knows exactly what the future holds for bitcoin. Problems will be solved unless it hasn't given attention to be solved.

In 2136 we assume bitcoin's still alive but we aren't anymore.

[chulos]

In 2136, if Bitcoin is a universal payment for the whole world, it can be of high value. No one knows when we're there, we can be very surprised.
Maybe 1 btc will have the value of all the assets, but that's just my guess. Well, we will not live, so i will not deal with it.

[adzino]

In the year 2136, after the penultimate BTC halving, the block reward will be 0,00000002 BTC (2 Satoshi).
If BTC mining is still profitable, how much could be 1 BTC cost?

I don't know what the price is going to be. But if people are still mining bitcoin in 2136, there is a reason why they would be doing that. The price might be extremely high that even a satoshi is a lot for the people. And thats year 2139, high chances are people have adopted this currency which will bring more value to the coins.

[romero121]

As years pass the user community is getting widened. As the userbase increase to the decrease in supply, surely the price of bitcoin will peak high. Few users have mentioned about the lack of mining leading to the drop in value of bitcoin. Once the price moves forward more users will start mining. Also more and more adoption of bitcoin can be expected to happen in the future supporting the growth of bitcoin.