Do you think that bitcoin could hit 10 million ever?

[TheBitcoineers]

Do you think that bitcoin could have a market cap of around 200 trillion? Is it feasible?

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[jackg]

In today's money it is but there's inflation to factor in too...

Under the assumption bitcoin replaces the monetary system of about 2 billion people, then a $200 trillion market cap is feasible.

Assuming there's $60tr in the US and €80tr in the whole of Europe (Inc Scandinavia, the UK and a few other regions) then a market of $160tr is already kinda achievable for 900 million people. I don't imagine these countries turning to bitcoin but if accepted as "legal tender" there might be quite a few people holding it especially if it gets some sort of status in China, India, Africa and South America - which could happen if some larger countries split or undergo inflation at a very high rate.

[DeathAngel]

It’s definitely possible but the demand will have to continue to be high for bitcoin. Traditional banking systems will have to continue to suck, money printing will have to continue which will in turn devalue fiat. It will take a few block reward halvings too so the supply of bitcoin is really starved.

[teosanru]

Do you think that bitcoin could have a market cap of around 200 trillion? Is it feasible?

One possibility of this happening is almost everyone coming on bitcoin and using it for transactions or storing their wealth. But this doesn't look practical as we already are facing a hell of lot of scaling issues with huge fees along with that. If we expect the value of bitcoin even at 100000$ we are talking about fees of more than 40$ per transaction which is insanely high. Until we can solve this issue I don't think we can grow that high. Alternative chains and Lightning Network might help a bit but everyone knows that they don't really offer a great solution to this problem. But yes 200 Trillion is a pretty big number even the whole US GDP is about 20 Trillion $. So 10 Million is quite an unrealistic number we currently aren't even 1 Trillion.

[thecodebear]

With lots of inflation sure. Like in 100 years. In today's money (in the next few decades), I think it could reach maybe $2 million once institutional adoption reaches maturity, a couple billion people owning bitcoin, some usage as a transactional currency, and maybe govts/central banks buying some like they own gold. Throw in 100 years of inflation and it could be $10 million in much less valuable dollars. Bitcoin won't ever replace national currencies, which is what it would take to get to $10 million in today's dollars, so no that won't happen.

[peter0425]

Do you think that bitcoin could have a market cap of around 200 trillion? Is it feasible?

Your First post from account creation is this

Hello. I am creating a cryptocurrency and would like to allow users to mine the new crypto directly from the core client. What code do I have to put back into bitcoin core in order to re-enable the gen=1 and setgenerate true?

and Now asking Bitcoin if can reached 10,000,000$ ever ?

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Can't comment in this So Huge amount , i would rather believe when it happens than frustrate myself .

[dothebeats]

Possible, though there would be a lot of factors that would come into play before it comes into fruition. One of which would be inflation, for sure. It's not a secret anymore that the economy suffers from inflation every year, and there will come a time that the devaluation would be so massive that the prices would seem to be too high when in reality it was all adjusted due to inflation. Bitcoin will not be exempted from that should the world's economy continues to use fiat for decades on end and undergo inflation.

Another scenario in which this is possible is if most countries in the world recognizes bitcoin as a legal tender. Many people will start holding it due to obvious reasons and the prices would go up. In a perfect world scenario this is easily achievable, although we know that there are a lot of hurdles that might come along the way that could prevent this exact thing from happening.

[btc_angela]

Do you think that bitcoin could have a market cap of around 200 trillion? Is it feasible?

Why not? When bitcoin hits $50k-$100k this year or in the next coming years, everything has open wide. What I mean is that bitcoin has gain people's attention, regardless if it is retail, institutions, big and successful companies or even average Joe like you and me.

And with banks and government printing money, just a matter of time. And the conditions should be ripe at all in order to see this one day.

[sunsilk]

It has a chance but what would be the situation of the world by that time it hits. Maybe you cannot buy cheap things under $10 and the world, most countries are into huge inflation if that time comes. But since there's a rush into fin-techs, the world may allow that to happen at the earliest. People are getting more interested in investments that are involved in technology.

Bitcoin is the best performing asset within a decade but we'll never know if it's likely to get into that cap after another 10 years. And whenever it does, how I wish that we still have at least one.

[Dabs]

Today = 40k
2021 = 50k to 100k (or more)
before 2030 = 1m
before 2050 = 10m
before 2070 = 50m
before 2090 = 100m

I will not live to see the last bitcoin mined, but neither will anyone reading this today. But you don't have to. Get some now, HODL it, buy something with it in 10 years.

[Reid]

Inflation yes, high valued fiat money no.
Surely, we could call it "the moon" but it's doesn't look normal enough.
10 million hairs maybe.
Someone or something will always try to bring it down using the traditional ways as an excuse.
It will happen. They could just pretend people are not ready yet.

[hatshepsut93]

The only way Bitcoin would hit 10 million dollars is if a rapid hyperinflation of the US dollar would occur, which I think is highly unlikely, because the US government is not completely incompetent.

If you take the regular inflation and try to project it into hundreds years into the future, that won't work, because if prices would get too high, the US government would at some point relaunch the dollar to return it to smaller denominations.

[bL4nkcode]

Possible, but before it reaches a million worth, governments and other centralized identities will try to stop that with their lame excuses such as bubble, pyramid scheme, expensive fees, pump-and-dump scheme and etc. You heard it.

[JimboToronto]

Do you think that bitcoin could have a market cap of around 200 trillion? Is it feasible?

Yes.

[yhiaali3]

The market value of Bitcoin today is about 683 billion, according to coingecko.com, this equals much less than 1 trillion, this means that Bitcoin needs a huge jump to reach 200 trillion, however, I think this is not impossible due to the entry of large institutions into the world of bitcoin And increase the global adoption of Bitcoin. But it takes years to reach this number.

[Indymoney]

Possible, but before it reaches a million worth, governments and other centralized identities will try to stop that with their lame excuses such as bubble, pyramid scheme, expensive fees, pump-and-dump scheme and etc. You heard it.

I am also feeling this can happen and most chances but until this time we will be not here in this world because its need very long time like as @Dabs already mention 2090 mean 70 years and its very long time for us.

[Saisher]

It will become the greatest store of value I hope to see that in my lifetime but there will be a lot of obstacles for Bitcoin to hit that level, the transaction fee and the high cost of transaction are two the big issues why it's adoption is not very fast, but all of us agree that it's not impossible but it will take a lot of years to reach that.

[Twinkledoe]

Possible, but before it reaches a million worth, governments and other centralized identities will try to stop that with their lame excuses such as bubble, pyramid scheme, expensive fees, pump-and-dump scheme and etc. You heard it.

I am also feeling this can happen and most chances but until this time we will be not here in this world because its need very long time like as @Dabs already mention 2090 mean 70 years and its very long time for us.

That's a long time, wonder if most of us can see that momentous event. Anyway, everything is possible to happen, but we don't know when such period will occur. There will be setbacks along the way, but that's normal. If we see that the adoption is continuously increasing among individuals as well as merchants, we are heading to that direction. Or who knows, at some point bitcoin will become obsolete and there will be new discovery in town?

[pixie85]

It's possible but what would be the probability?

When you ask if it's possible for you to win the lottery we have to say yes but what are the odds of that?

100 thousand bitcoin? I'd say 80% that it happens one day.
1 million? Probably 40% chance
10 million? Would have to be a miracle like the NWO happening or something

[ololajulo]

There is possibility of 10 milliondollar in the future but what will drive the price there. We already have institutional investment that we have been clamoring for since 4 years ago, they created an unprecedented scarcity among new investors in cryptocurrency. We are considering the unit to take care of the trade but for whales they might struggle with liquidity at that big amount if need comes for trade.