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Author Topic: Will Bitcoin be Worth $1 Billion ? Bitcoin Price Prediction 2019-2020 and Future  (Read 119 times)
DashingAgent
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July 18, 2019, 05:12:38 PM
 #1

We all know that banks are being closed because of Bitcoin. Only 4% of gold is added in Bitcoin and the price is hitting $13K and many people claim according to their technical analysis that Bitcoin will hit 100K this year. It can be a rumor but it could be happened. So here I am going to explain that whatever anything which is expected to be happen in upcoming couple of years.

Before I explain, I appreciate you for the appreciation and courage you've given me in last technical analysis, So Do you think that Bitcoin will hit $1 Billion ?

It is possible and it will be happened too, But how ?

You are Surprised ?  Shocked

As you know that Banks are being closed, so whatever they will do before closing is to print as many Dollars as they can to buy Bitcoin as because their market (the Bank) is being closed,  which will create a lot of inflation, a lot of inflation which you cannot imagine, this inflated money will be invested in Cryptocurrency. Like Bitcoin, Ethereum, XEM, XLM, TRON, DGB, DOGE, XRP, IOTA and in most popular coins, the IMF will be closing soon because of Bitcoin. But there will be alot of inflation. Because of this inflation, people will demand to increase their wages, so this will be a kind of nuclear attack, the ICE CREAM cone we were purchasing in 50 cents is now around $5, this will be around $50-200 in a few years. the basic wage in the USA is around $8-$10/h, this will be around $80-$200/h, Master Card and VISA make $5 trillion transaction per day, after when the inflation will increase too much, their system will be failed and they will not be able to handle it, so Crytocurrency will be taking its place. The total wealth of the World will increase from $200 trillion to $200000000 trillion before closing the banks, so we can say that Bitcoin will hit for sure $1 Billion in next few years.
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July 19, 2019, 06:07:26 AM
Last edit: July 19, 2019, 01:51:34 PM by odolvlobo
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Wishful thinking. The only way that will happen is if the dollar goes the way of the Venezuelan bolívar, but then $1 billion won't be worth much.
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July 19, 2019, 10:01:41 AM
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 #3

Better move this topic to Speculation board, this is no way related to Serious Discussion  Grin

You are free to predict like McAfee but do these predictions really happen in the real world? If bitcoin become popular and getting adopted in most parts of the world, becoming a substitute for gold it would become only a million or half worth. Not more than that for sure.

Scenario 1 :

The total gold available in Earth accounts for around $7.5 trillion. If bitcoin becomes a substitute for gold it would account for around $400,000 per bitcoin based on my estimates and that would trigger a market cap of $7.5 trillion alone for bitcoin. This might be a far dystopian future?

Scenario 2 :

The total money in circulation and holdings account for $80 trillion and physical money accounts for $36 trillion. If bitcoin replaces the global physical currency it would be worth around $1.7 million per bitcoin and that would put up a market cap of $36 trillion alone in bitcoin.

Either of them are literally impossible in around 50 years from today.
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July 19, 2019, 10:25:47 AM
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Interesting thinking, but i agree with you. the next financial crysis will come, we all know this its just a matter of time. no one can tell you if its in 1 year or 30 years. the only thing where everybody agrees is that it will be the biggest in history. i expect some crysis in smaller country like lately in venezuela happen all over the world before the big bust.... and i guess more and more people will start to understand how the financial system works at the moment. all builded on debts which is covered by nothing. revolution is badly needed.
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