One satoshi for $1 dollar will occur someday

[Betwrong]

1BTC = 100,000,000 satoshis

It will be $100,000,000 = 1BTC
~

Which means that the market cap would be $2×10¹⁵. This world doesn't have that much goods and services to support that market cap. We should try to stay realistic even in our dreams. Unless a hyperinflation happens, one satoshi will never be equal to 1 USD. And I wouldn't wait for a global economic crisis just to see 1 BTC at $100,000,000. I'd rather have $10k at the current conditions.

[20kevin20]

The moment satoshi becomes 1 dollar (which might happen of course) there will be people using bitcoin everywhere, and I mean literally everywhere. In order for 1 satoshi to be equal to one dollar the price of per bitcoin has to be insane, that could only happen if people around the world all together starts to see bitcoin as a payment. And I don't mean like "oh a card company in japan that accepted in 260k stores just listed bitcoin as a payment" type of deal, I mean literally accepting bitcoin just like they accept cash, that type of adoption. We can be assured that something like that will not happen anytime soon, maybe one day it will happen but it will take a long time for it to happen, at least a decade long adoption increase could potentially reach us to that level.

Even if BTC would be used everywhere, it wouldn't possibly reach $100M.

According to rankred, there is about.. say approximately $40 trillion in the world, including physical and virtual fiat. $2.1 quadrillion is just too much and is most likely only possible in a Hungarian pengo-like situation of fiat inflation.

At that point, you could literally use dollar bills to wipe your ass. It would be worthless (it already is, but whatever)..

[andamarina]

Maybe or maybe not, but maybe is possible in 20 years who know it.

[mu_enrico]

OP, this topic is about speculation, not economics. People could speculate whatever price level they want; however, it is important to write about how you come up with the conclusion. Why? What's the reason? What has to happen?

I think 1 Satoshi equal to 1 USD can only happen if the USD becomes worthless.

I've reported this thread. Let's see what happens.

[Reid]

How about 1 satoshi for a bus ride.
That will be better right?
Trying to convert it to USD just make me feel like it will always be the same thing until people find another option which is almost like bitcoin or better.
Worse, it is like we are talking bitcoin as the likeness of gold getting value for every chip of it. Which I don't think we will like at the end.
It will just be a store of value all over again.

[butcherme]

1BTC = 100,000,000 satoshis

It will be $100,000,000 = 1BTC

It is gotta be a long journey until we will see that time happens.

It is possible but I agree that it would really be long journey from now.
To be honest I don't think that it would happen even in the next couple of decades.
Just think about what would happen in the market when that time comes?
I think it would be the highest price that it could get.

[buwaytress]

Yeah, I'm not one for hyperbole and fantasies set in a far off universe and time but I actually have not dismissed this reality as well. I come from a place that only got electricity and telephones in the 1990s but my parents, as close as possible to how you'd describe baby boomers are, today are already using digital money to pay for coffee and vegetables at the wet market with their phones. They may not be able to use Bitcoin yet, at least not the way I use it, and I won't expect them to, but if this is the development in money we're seeing after 30 years, I have little reason to doubt bitcoin will achieve ease of use beyond that in my lifetime.

I may be too old to enjoy $1 satoshi though, but I'm hoping to see 1 cent satoshi before my knees go!

[exstasie]

I think 1 Satoshi equal to 1 USD can only happen if the USD becomes worthless.

Quite a lot of people around here share that opinion. Another subtle sign that Bitcoin has massive upside potential. Even most of the believers think the gains are really limited.

Due to Bitcoin's utter scarcity, we could reach some pretty insane valuations, if only for a limited period of time in a blow-off top. People tend to dismiss the idea of $1 million BTC because that would mean, for example, triple the market cap of gold. In truth, market cap is mostly irrelevant. It's all about market liquidity (or lack thereof).

[TheGreatPython]

I doubt John Mcafee will ever to see this price happen or even people of this generation, the most that I can see of Bitcoin Price in my lifetime could be $200 k but it could happen 30 to 40  years from now.

On what basis, you are setting a target at $200k ? Just because of current ATH is $20k ? It means you just expect another 10x growth and then bitcoin will remain stable without growing in value? You must be 200% wrong by considering how much adoption potential remaining world wide and how much investments bitcoin may attract in coming years.

One million dollar per bitcoin might be possible in 2021 or within 2022. Similar what OP is dreaming may happen within this decade or at least by the beginning of next decade.

[Japinat]

Probably that would be the biggest success of bitcoin and its investors, and I don't know if I can still hold that long, I might be tempted to sell before that price will come but if that would really happen maybe people are already adopting in bitcoin and they are not using fiat anymore.

[Slow death]

Funny, I see a lot of people having high expectations about bitcoin (I also have high expectations about bitcoin). but we cannot exaggerate. We have to think that in the future there may also be other competitors for bitcoin. We also have to think that in the future people can do the unthinkable: be more interested in altcoin than bitcoin. So we are comfortable thinking that in the future only bitcoin will attract people's attention so that the price will be 1 satoshi =  $1 may be a mistake

[gentlemand]

Funny, I see a lot of people having high expectations about bitcoin (I also have high expectations about bitcoin). but we cannot exaggerate. We have to think that in the future there may also be other competitors for bitcoin. We also have to think that in the future people can do the unthinkable: be more interested in altcoin than bitcoin. So we are comfortable thinking that in the future only bitcoin will attract people's attention so that the price will be 1 satoshi =  $1 may be a mistake

Each day that passes where Bitcoin isn't replaced in the affections of the people makes the likelihood of it happening recede ever further.

No one is building Feathercoin futures.

Newcomers sit where they're told and Bitcoin is where it'll be as far as I can tell.

[michellee]

Impossible? I guess that is not impossible because that can happen in the future if all countries use bitcoin, and they agree to make bitcoin as one currency for all countries. But I don't know if that will happen for sure or not because we don't know what will happen in the future. But if it happens, then people who have bitcoin although it is small satoshi, they will be a rich person in their city

[arwin100]

I doubt John Mcafee will ever to see this price happen or even people of this generation, the most that I can see of Bitcoin Price in my lifetime could be $200 k but it could happen 30 to 40  years from now.

On what basis, you are setting a target at $200k ? Just because of current ATH is $20k ? It means you just expect another 10x growth and then bitcoin will remain stable without growing in value? You must be 200% wrong by considering how much adoption potential remaining world wide and how much investments bitcoin may attract in coming years.

One million dollar per bitcoin might be possible in 2021 or within 2022. Similar what OP is dreaming may happen within this decade or at least by the beginning of next decade.

Atleast he believes that  but seriously we cannot expect that to be happen since it's nearly close to impossible that we get on that $200k figure nor any bigger than that since we cannot assure that we can get a global mass adoption nor reach to the youngest to the oldest generation acceptance since bitcoin still uncontrolled by anyone since the creator is no where to found, but I wonder if Satoshi will be traced up or show maybe he will like to have legal entities to regulate this to became legal globally.

But for now let's stay on the current or nearest figures.

[redsun114]

Satoshis will become the new money standard in people's daily life. Thanks to the scarce 21 million BTC as a maximum supply of this blockchain.

The more the whole bitcoin unit keeps expanding its price, the more value a satoshi also will have. We can see this happening already with some mining companies, crypto casinos, bitcoin faucets providing each week fewer satoshis as a reward, and also we see people working for satoshis, in order to increase their satoshis/bitcoin balance!

Satoshi is a smallest part of bitcoin. If you are having these huge expectations from satoshi than can you imagine the price of bitcoins in the coming future. Also, I do agree with you that satoshi might be used as a medium to pay at local shops like vegetable store, etc but have you ever imagined how would you pay the fees for each and every transaction?

Currently for transacting bitcoins we need to pay fees via satoshi and if we are using satoshi to make a payment than how could we pay the fees? It won't get profitable transacting with satoshi for lower amount trades like if we are buying vegetables worth $5 than how many satoshi would we need to pay the fees? Maybe 5 - 10 satoshi? This would never make transacting with satoshi profitable.

[duff_lesterny]

Funny, I see a lot of people having high expectations about bitcoin (I also have high expectations about bitcoin). but we cannot exaggerate. We have to think that in the future there may also be other competitors for bitcoin. We also have to think that in the future people can do the unthinkable: be more interested in altcoin than bitcoin. So we are comfortable thinking that in the future only bitcoin will attract people's attention so that the price will be 1 satoshi =  $1 may be a mistake

Each day that passes where Bitcoin isn't replaced in the affections of the people makes the likelihood of it happening recede ever further.

No one is building Feathercoin futures.

Newcomers sit where they're told and Bitcoin is where it'll be as far as I can tell.

Hi, What do you mean by "No one is building Feathercoin futures"?

It is great to see that old coin being quoted here and there like in the last Gemini Man movie with Will Smith.
There will be a Feathercoin future for sure.

[Febo]

One satoshi for $1 dollar will occur someday

A lot more USD will need to be printed for that.  But yes is possible. Eventually Central banks will print just to buy Bitcoin.

[bitgolden]

Funny, I see a lot of people having high expectations about bitcoin (I also have high expectations about bitcoin). but we cannot exaggerate. We have to think that in the future there may also be other competitors for bitcoin. We also have to think that in the future people can do the unthinkable: be more interested in altcoin than bitcoin. So we are comfortable thinking that in the future only bitcoin will attract people's attention so that the price will be 1 satoshi =  $1 may be a mistake

Actually price for bitcoins should reach above $100,000,000 in order for us to see satoshi at $1 as we all know satoshi is one hundred millionth of bitcoin. Expecting such huge price for bitcoins might not be that good because it might take years or maybe even decades to reach that price. This huge pump might also make a lot of altcoins achieve great heights and altcoins posses more properties than bitcoins to be used as a medium for payments.

There are some altcoins which are originated as a mean of payment similar to XRP and they might take the throne from bitcoins in the coming future if ever prices for each of the cryptocurrencies are sky rocketing.

[Betwrong]

Funny, I see a lot of people having high expectations about bitcoin (I also have high expectations about bitcoin). but we cannot exaggerate. We have to think that in the future there may also be other competitors for bitcoin. We also have to think that in the future people can do the unthinkable: be more interested in altcoin than bitcoin. So we are comfortable thinking that in the future only bitcoin will attract people's attention so that the price will be 1 satoshi =  $1 may be a mistake

Each day that passes where Bitcoin isn't replaced in the affections of the people makes the likelihood of it happening recede ever further.

No one is building Feathercoin futures.

Newcomers sit where they're told and Bitcoin is where it'll be as far as I can tell.

Yeah, I mean, it's not even a question of how BTC is doing currently, but rather of who is supporting it, or what team is behind it, to be more precise. If Mercedes-Benz were still producing same automobiles Karl Benz built in 1885



they would hardly be selling hundreds of thousands cars worldwide, each year, currently. Same goes for BTC. It has been evolving all the time, with a great team of developers behind it. Maybe in 100 years, the Bitcoin we know today will make the same impression as the first car in comparison with modern ones, but it still will be called Bitcoin.

[justdimin]

Possible and probable are very different words. 1 million dollars per bitcoin could happen in an hour, it is technically "possible", I mean can anyone say that it is impossible? What would happen if warren buffet, jeff bezos and bill gates all came together and used all of their available money to buy bitcoins? What would happen if countries pass a law and start to have a crypto reserve as well tomorrow and buy billions themselves as well? None of these make any sense at all and we know it won't happen but the "technical possibility" is there.

However, nobody expects bitcoin to go up that much this quickly since the adoption is not that high yet. Sure we can see 100k, 200k, 1million or even higher "one day" but it is not going to be suddenly tomorrow, it is going to take years before it happens.