Will 1 Bitcoin will Reach 1 million usd one day?

[go4nature]

One million for one bitcoin? You are crazy. For last 3000 years people crazy about gold. Still its price is very low. If bitcoin reaches $1000 i am happy man.

[freedomno1]

One million for one bitcoin? You are crazy. For last 3000 years people crazy about gold. Still its price is very low. If bitcoin reaches $1000 i am happy man.

I would also like to see it hit 1K again but guess we all need to wait patiently for a trigger or someone needs to make it lol.

[boumalo]

Hope no! It would bring the world's economy to an end.

Na it would just mean we have transitioned from a cash based society to a card based one and then onto a digital one with cash elements

Digital money is already very present but we are still using fiat currencies and outdated systems

The question is will we reach 1,000,000$ or not within 20years : https://bitcointalk.org/index.php?topic=537916.100

[Lauda]

One million for one bitcoin? You are crazy. For last 3000 years people crazy about gold. Still its price is very low. If bitcoin reaches $1000 i am happy man.

Gold isn't technologically advanced as Bitcoin. 

[boumalo]

One million for one bitcoin? You are crazy. For last 3000 years people crazy about gold. Still its price is very low. If bitcoin reaches $1000 i am happy man.

Gold isn't technologically advanced as Bitcoin. 

Gold has a few advantages that Bitcoin doesn't have though such as an history of store of value and medium of exchange in human history

[culexevilman]

Yeah it would and by that time, a meal would cost 100k USD

[boumalo]

Yeah it would and by that time, a meal would cost 100k USD

A market cap of 1,400billions would set the price of btc to 100,000USD

The hyperinflation could do the rest of the job

(https://bitcointalk.org/index.php?topic=537916.100)

[Monkey1]

Could do!!  A lot needs to improve first, but its possible.  By then the units will have changed anyway.

[Salmon1989]

Yeah it would and by that time, a meal would cost 100k USD

A market cap of 1,400billions would set the price of btc to 100,000USD

The hyperinflation could do the rest of the job

(https://bitcointalk.org/index.php?topic=537916.100)

With hyperinflation, it would be easy to reach 1 mil USD lol.

http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe
"apart from a trip to another country, the black market was the only option for almost all goods, and bread might cost Z$10 billion."

[boumalo]

Yeah it would and by that time, a meal would cost 100k USD

A market cap of 1,400billions would set the price of btc to 100,000USD

The hyperinflation could do the rest of the job

(https://bitcointalk.org/index.php?topic=537916.100)

With hyperinflation, it would be easy to reach 1 mil USD lol.

http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe
"apart from a trip to another country, the black market was the only option for almost all goods, and bread might cost Z$10 billion."

Right but I think bitcoin has the potential to reach a price into the 5digits in 2014 USD within 2years