BrownSuS (OP)
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November 28, 2020, 08:15:49 PM |
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As we all know the market pool of crypto currency is on growing stage and only around 0.5% of the world population is involved in it so once the market size gets matured enough in the hands of more than 10-20% of total world population, the price of BTC can be more than $1M in next 30years. Refer the adoption chart predicted by cryptoaims Source- Cryptoaims https://www.instagram.com/p/CIIWioFHT0R/?igshid=1h43h34vfok2jStill its time to buy at $17600 and make rest of your life as financially independent
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20kevin20
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November 28, 2020, 08:53:10 PM |
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10-20% adoption rate is a very optimistic and positive scenario. While I'm more than sure privacy and decentralization is something people will look after in the future, I'm not sure 1-2 out of 10 people will be looking for it. People seem to choose convenience over self-custody more than ever before. It's the age of technology where you literally ask a random server owned by a stranger to tell you what your To-Do list is for today. We can barely predict an approximate price for the first day of 2021, let alone 30 years from now. If the governments only keep powering up their fetish for control and power, Bitcoin may have to go through some hard times before succeeding as a legal peer-to-peer currency to use. From what it looks, the govs only keep geting more and more annoyed by the idea of letting their citizens be under control of their own assets. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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palle11
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November 28, 2020, 09:13:02 PM |
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3 decade is a long time and making such assumption of price in 30years from now will not be really accurate. This is a fluctuating market. Many fluctuating agents may cause different changes but I believe that bitcoin will be very popular during such decade.
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batang_bitcoin
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November 28, 2020, 09:49:45 PM |
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The question is still the same with those people who are asking what's the future of bitcoin. And we'll always have the same answer that nobody knows the future of it but as of now, it's here to stay and price will increase due to the demand that it gets. The adoption rate is increasing and it's not just a simple adoption but institutions are joining too. Still its time to buy at $17600 and make rest of your life as financially independent
Many still look to this price as an expensive price. But if it gets a little bit higher and higher, they'll still say the same.
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Rent this sig space so that BTC goes to $100k.
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famososMuertos
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November 28, 2020, 10:52:08 PM |
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:...//...:
In the literal of your Topic. Title: Where do we see the price of bitcoin after 3 decades (?) Seriously I tell you, I hope that we finally by having an official body that offers a starting point and from which prices are derived at + or at least from that official reference. OP:highest value thong mmhh! I do not know if more holders of bitcoin implies that the price is higher or lower, in fact if bitcoin in a utopian "scenario" out of legal tender in many countries today it is possible that its price is highest value thong than the current one (maybe no, anyway economic predictions always fall into this loop). There is a bad belief that the adoption of bitcoin is that it reaches many hands and consequently its price increases, sometimes I wonder if it is better not to make a lot of noise and that when the world finds out, so... well!! let's not exaggerate maybe that 10-20 % that you mention its price is one million. So all these unbelievers who didn't support bitcoin when they should, then get the good news that bitcoin has a new price. Regarding the closing of your OP, just say that we must buy bitcoin and keep the idea of bitcoin alive, the rest is up to you, do not leave all the weight of financial freedom to bitcoin, the idea in practice of the use of bitcoin It should work like this the bitcoin price for 1 BTC=1 million or 1BTC= $1.
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Ayiranorea
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November 28, 2020, 11:25:49 PM |
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3 decade is a long time and making such assumption of price in 30years from now will not be really accurate. This is a fluctuating market. Many fluctuating agents may cause different changes but I believe that bitcoin will be very popular during such decade.
Yes, this will be a large time period to make an assumption about the market of bitcoin. The market is volatile, even the price for tomorrow can't be predicted accurately. Atleast we can make wild guess/prediction based on the price bitcoin had reached till date. With thirty years difference it isn't possible to make the prediction. As said, it'll be popular on the market and our kids will be enjoying anywhere access of bitcoin due to the increased acceptance. ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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DougM
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November 28, 2020, 11:35:20 PM |
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As we all know the market pool of crypto currency is on growing stage and only around 0.5% of the world population is involved in it so once the market size gets matured enough in the hands of more than 10-20% of total world population, the price of BTC can be more than $1M in next 30years. Refer the adoption chart predicted by cryptoaims Source- Cryptoaims https://www.instagram.com/p/CIIWioFHT0R/?igshid=1h43h34vfok2jStill its time to buy at $17600 and make rest of your life as financially independent I personally hope Hal Finney was right back in 2009 with his musings with Satoshi, but he didn't provide a time table https://www.metzdowd.com/pipermail/cryptography/2009-January/015004.htmlBitcoin v0.1 released Hal Finney hal at finney.org Sat Jan 10 21:22:01 EST 2009 ... One immediate problem with any new currency is how to value it. Even ignoring the practical problem that virtually no one will accept it at first, there is still a difficulty in coming up with a reasonable argument in favor of a particular non-zero value for the coins.
As an amusing thought experiment, imagine that Bitcoin is successful and becomes the dominant payment system in use throughout the world. Then the total value of the currency should be equal to the total value of all the wealth in the world. Current estimates of total worldwide household wealth that I have found range from $100 trillion to $300 trillion. With 20 million coins, that gives each coin a value of about $10 million.
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oktana
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November 29, 2020, 01:53:20 AM |
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You're right, the price of bitcoin can increase to $1M in the next 30 years but the truth is, I know we all hope the best for the currency, but let's sometimes expect the worse because who knows, it could drop to 10k in a short moment.
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Darker45
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November 29, 2020, 03:45:01 AM |
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Personally, I think there is enough reason to believe that Bitcoin's price is going to climb up to $100,000 or even beyond in the coming years. It is basic arithmetic for me.
There are almost 8 billion people in the world right now. There are only 21 million Bitcoins at the maximum to be reached around the year 2140; the number in circulation is lower. Around 1% of the world's population owns Bitcoin. And the price is already at around $17,000. I think we can logically deduce from this that Bitcoin is indeed undervalued.
However, that's only the mathematics' side of things. There are many factors involved in Bitcoin's continuous growth or death.
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kentrolla
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November 29, 2020, 03:52:18 AM |
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In next three decades may be the world is going to end ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) if still the world exist 1million at least this speculation is according to the market situation because there are many key factors for the pump. The next generation would definitely prefer for digital payment rather than going to banks and check out for the formalities and so on, BTC will definitely dominate in the next few decades and rule the globe.
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kryptqnick
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November 29, 2020, 10:22:52 AM |
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A lot can happen in 3 decades, so I don't think reasonable predictions can be made. And frankly, the price of Bitcoin is not what I'd be interested to find out about the future. I'm more interested in whether I'd be able to purchase groceries, pay the utility bills and transport pass with cryptos in my city by that time. I wonder if I'd be able to get my salary in BTC, with the taxes being the same as for fiat and deducted from the salary without additional issues. I wonder what the transaction fees would cost, and whether viable solutions to the scalability issues would come around.
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Shasha80
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November 29, 2020, 10:59:25 AM |
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Well, I do not know in the next 3 decades the price of bitcoin is at what level. But it looks like before the next 3 decades, even in one decade, bitcoin will get an enormous wave, maybe before one decade. There is even a group of crypto research predicts that the price of Bitcoin could approach $400,000 in the next 10 years, and altcoins will follow its bullish. We can’t imagine in the next 30 years, because maybe I’d be surprised at the price. If the predictions of a group of research are correct, then indeed the current price is very cheap.
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Rikafip
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November 29, 2020, 11:15:00 AM |
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In three decades see bitcoin price either extremely high (1+ million USD) or extremely low. I don't really se some middle ground here but since I firmly belive in bitcoin I think that we can expect them former price.
All this its course is just a guesstimate as that's very long period of time, but when you see how you much bitcoin achieved in the first 11 years I next 30 will be much better and hardest part is behind us.
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digvest
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November 29, 2020, 01:47:11 PM |
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Absolutely true. Day by day its pricing is increasing and still many of the countries in the world are not using it though it has so much popularity. So once it will become available to everyone and many countries start to use it, its price will rise and on a high pick of its actual value.
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Gozie51
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November 29, 2020, 01:52:29 PM |
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There is even a group of crypto research predicts that the price of Bitcoin could approach $400,000 in the next 10 years, and altcoins will follow its bullish. We can’t imagine in the next 30 years, because maybe I’d be surprised at the price. If the predictions of a group of research are correct, then indeed the current price is very cheap.
For the group researchers what are their verifying method that they have used to have such price in 10 years. Well it is also good if that happens because it should help in general bull of cryptocurrency. The recent bull of bitcoin didn't make equal increase in altcoins, maybe another big bull is what the market is expecting.
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chip1994
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November 29, 2020, 01:59:39 PM |
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As we all know the market pool of crypto currency is on growing stage and only around 0.5% of the world population is involved in it so once the market size gets matured enough in the hands of more than 10-20% of total world population, the price of BTC can be more than $1M in next 30years. Refer the adoption chart predicted by cryptoaims Source- Cryptoaims https://www.instagram.com/p/CIIWioFHT0R/?igshid=1h43h34vfok2jStill its time to buy at $17600 and make rest of your life as financially independent We all know that, but how to grow so big, no one can answer. In order to have more than 10% - 20% of the population using Crypto, surely the top coins must be added to the main payment method in major countries, but the legal system in many countries is still very difficult. Cryptocurrency. Even though major financial funds are pouring money into Bitcoin and top coins, it doesn't mean the Crypto market will soon be joined by hundreds of millions of people. Cryptocurrency first needs to be passed many laws in major countries before we can expect more new investors to join the Crypto market.
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Bergkampsballs
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November 29, 2020, 05:42:17 PM |
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To put this in perspective, the US stock market tends to appreciate at an average rate of around 10% per year. If that remained true for the next 30 years then any average performing stock that happened to be worth $18,000 today would be worth $314,089 in 30 years time.
In order for Bitcoin to be worth more than $1,000,000 in 30 years time it would need to appreciate at around 14.4% per year which is more than achievable if everything goes well.
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thecodebear
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November 29, 2020, 06:55:41 PM |
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In 2050 Bitcoin will be a global reserve currency, treated as a digital gold that you can actually spend. People will hold it as an investment and a store of value, as they do today. It was also be used as a currency to buy things, perhaps somewhat through Lightning Network if that ever really takes off, but probably more so in a centralized manner just through third party companies, like Paypal. By then even banks and governments will hold some of their reserves in Bitcoin.
As far as price, 7 digits for sure. In the 2020's Bitcoin will make the transition from finishing up with 4 digits (as it recently has), going up through five digits, and making low 6 digits normal. 2030s will see Bitcoin move up to mid-6 digits with half-million dollar bitcoin becoming a normal thing and people realistically talking about million dollar bitcoin in the near future. 2040's will see the price rise over a million, so by 2050 $1-3 million Bitcoin will be normal.
People born today won't even be able to imagine a world in which there aren't native digital currencies, both decentralized and government controlled, as the primary form of money, the way people born 15 years ago can't imagine a world without smart phones, and people born 25 years ago can't imagine a world without the internet.
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sunsilk
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November 29, 2020, 07:48:53 PM |
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I personally hope Hal Finney was right back in 2009 with his musings with Satoshi, but he didn't provide a time table ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Let's hope that he's correct and by that time, we're still able to hold bitcoin and we can stop ourselves selling during those highs of $100k+ ranges. I've read a lot of personal plans that they'll start to sell not a lot but for the sake of profit for those prices. Me either, I'll do the same. Considering the inflation after all of those years, it's likely that we'll be hitting those numbers if bitcoin is still in the existence by that time. I don't doubt it but technologies these days are quick in innovation.
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