A single Bitcoin may hit a trillion dollar if..

[DashingAgent]

A single Bitcoin may hit a trillion dollar if..

A single Bitcoin may hit a trillion dollar if world just start creating asset backed USD or stablecoins like gold backed usd, crypto asset backed usd, premium domain value backed usd, nft backed usd, gems backed usd etc just like if I have 30oz gold ($2025.13*30=60753.9) then I can create 60753.9 USDs and put that money in Bitcoin or can launch a stablecoin defi project. The 2nd option is just make everyone a millionaire and these millionaire will make you a billionaire, someday when these millionaire will become a billionaire then they will make you a trillion ire. I hope that Elon Musk will start Asteroid Mining soon to mine precious metals but it will only benefit him or his share holders, it will not benefit the crypto community.

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[NeuroticFish]

1. It would be wonderful if you could put different ideas on different lines so you improve readability. Also for 3 lines of text such a big "title" is unnecessary. Keeping normal size would do.

2. Anybody can use Bitcoin as "reserve" and sell IOUs based on that. Actually PayPal and Revolut are doing it (although PayPal will evolve and allow withdrawals). The trick is that if "anybody" is not a well-known entity, doing this can be tricky = they have to convince others buy the IOUs, no matter how they call them and by what rules they create them.

3. Keep in mind that Bitcoin may reach even trillion dollar at some later point. Adoption is in progress and it can only grow. Rushing it may not be the best approach. And .. well, supposedly price is not everything.

4. If Elon proves that gold is not as scarce as bankers think, Bitcoin could actually benefit.

[zanezane]

3. Keep in mind that Bitcoin may reach even trillion dollar at some later point. Adoption is in progress and it can only grow. Rushing it may not be the best approach. And .. well, supposedly price is not everything.

Are we talking about the price of each bitcoin hitting a trillion dollar value or are we talking about the total marketcap because I find it hard to fathom for bitcoin to reach those numbers.

4. If Elon proves that gold is not as scarce as bankers think, Bitcoin could actually benefit.

Gold isn't scarce, we are on the verge of making asteroid mining a possibility but we have to wait for it to happen and a total operation might not even happen in our lifetime. There's no need for Elon to prove that gold is scarce, there is an infinite amount in the universe and people that have their interest leaning on gold is going to do whatever it takes to make the illusion that gold is scarce just like what they did with diamonds.

[NeuroticFish]

I find it hard to fathom for bitcoin to reach those numbers.

I was talking about 1 BTC. And yes, the number is huge, but I don't discuss about tomorrow or the near future. And by then people (not us, since we'll be dust) will probably discuss in Satoshi or such.

Gold isn't scarce, we are on the verge of making asteroid mining a possibility but we have to wait for it to happen and a total operation might not even happen in our lifetime. There's no need for Elon to prove that gold is scarce, there is an infinite amount in the universe and people that have their interest leaning on gold is going to do whatever it takes to make the illusion that gold is scarce just like what they did with diamonds.

You are basically correct. Maybe not infinite, but in overly huge amounts nevertheless. Still, some people want to show them into their face and Elon may be appropriate for doing that.
And about the diamonds, well, this should fit in: https://www.youtube.com/watch?v=n8-13PYmt4s

[zanezane]

~

I was talking about 1 BTC. And yes, the number is huge, but I don't discuss about tomorrow or the near future. And by then people (not us, since we'll be dust) will probably discuss in Satoshi or such.

That's a really epic proportion and to be honest I don't believe that bitcoin will get to that point, not even billions.

~

You are basically correct. Maybe not infinite, but in overly huge amounts nevertheless. Still, some people want to show them into their face and Elon may be appropriate for doing that.
And about the diamonds, well, this should fit in: https://www.youtube.com/watch?v=n8-13PYmt4s

Another reason that I can think of is that we just love shiny things as a species so that might explains our fascination with gold. And business will want that to happen forever because if gold is abundant, how can they make money. Nice Big Bang Theory video. Here's the conspiracy that I was talking about regarding diamonds.

https://youtu.be/V5rQlXibKgg

[NeuroticFish]

That's a really epic proportion and to be honest I don't believe that bitcoin will get to that point, not even billions.

We don't know what future holds. Keep in mind that Bitcoin was traded at under 1$ in 2010. Would you believe it reached almost 65k in 2021? Since we talk about a really long period of time, anything can happen.

Another reason that I can think of is that we just love shiny things as a species so that might explains our fascination with gold.

There are birds that do the same. We should be smarter than that.

And business will want that to happen forever because if gold is abundant, how can they make money. Nice Big Bang Theory video. Here's the conspiracy that I was talking about regarding diamonds.
https://youtu.be/V5rQlXibKgg

Both gold and diamonds are undoubtedly necessary in industry. But their use in jewelry or as store of value are artificial.
About the diamonds, the beauty is that carbon is abundant and all you need is big enough pressure, which was also replicated by humans; afaik the industry uses lately mostly man-made diamonds for being cheaper. So, yeah, I don't know why people pay so much for them.

[zanezane]

~

We don't know what future holds. Keep in mind that Bitcoin was traded at under 1$ in 2010. Would you believe it reached almost 65k in 2021? Since we talk about a really long period of time, anything can happen.

You might be right but the uncertainty behind it is pretty high, maybe if bitcoin hits a 6 digit mark, my doubts might waver

~

There are birds that do the same. We should be smarter than that.

Considering how there are stupid people who believe that vaccines causes autism and stupid people being voted by other stupid people, I don't think we are better than birds or any animals for that matter. Let me get a little philosophical here, when was the last time you have seen a chicken go home and beat his hen or strap another chicken to a chair and send millions of volts to its body or a chicken being racist?

~

Both gold and diamonds are undoubtedly necessary in industry. But their use in jewelry or as store of value are artificial.
About the diamonds, the beauty is that carbon is abundant and all you need is big enough pressure, which was also replicated by humans; afaik the industry uses lately mostly man-made diamonds for being cheaper. So, yeah, I don't know why people pay so much for them.

That's the other problem, the usage of precious metal for jewelry that makes it more expensive, the only time that I will pay for what something's worth is because the people who made it made a lot of effort to make it. I think the man made diamonds are used in laboratories and for research purposes, I think there's a laboratory that uses diamonds to create a laser that can slow down the movement of atoms by going to a really impossible negative temperature.

[matico]

This is an hyperbole in true sense of it. I am still trying to wrap my head around bitcoin selling for $1 million  and yet,  someone is coming with a trillion dollars speculation!  Is there truly a limit to speculations! Bitcoin will sure sell for $100k may be much more.  But a trillion!

[Woodie]

Hey mate  I don't agree with you here, Stablecoins can't push crypto markets that high because there isn't so much activity with these assets as compared to normal crypto assets we have.

A trillion dollar can happen once we have more institutional investors and perhaps a change in how crypto mining is done because Elon gave the world something to think about and if we go green then there is nothing to stop bitcoin now.

[iTradeChips]

Very encouraging speculation you have there. It is like saying that there is a solution to poverty after all. Of course only those who are participating in crypto will get rich and it is up to these millionaires to teach others to do crypto or how to make money on crypto. As for the gold mining issue. There were plans to get gold from asteroids that could end poverty but keep in mind that if gold is abundant that will also affect the economy in the long run.

[Bitstar_coin]

A single Bitcoin may hit a trillion dollar if..

If 99.9% of world's population use bitcoin maybe bitcoin will really rise up high and single bitcoin may reach trillion at price, but i think it needs time, adoption is very important and i think time really matters, we are in a modern world but we cannot deny that there are still people that didnt know about crypto and there are also some people that didnt have interest on it. So i think it needs more time and patiene.

This can only happen when btc is not too concentrated on a few hands, and this can not make such growth to happen because not everyone will have that mind set, and yes, majority of people are still not aware of btc despite how much btc has gain in terms of popularity,  there is too much power with whales and they can always manipulate the market anytime they please.

[kryptqnick]

There are some things that just aren't going to happen almost under any circumstances, and 1 BTC being worth $1 trillion is one of those things.
The reason is very simple. The global economy is around 88 trillion dollars, so even if all our money and assets were Bitcoin, the maximum price would be around 4.7 million dollars per coin. Can the economy grow over time? Absolutely. The global GDP grew from 12.5 trillion dollars to almost 90 trillion dollars in 35 years. So under this hypothetical situation when everything valuable is Bitcoin, Bitcoin would be around 15 million dollars. But a trillion dollars is just unbelievably far from the actual global economy.
Please correct me if I'm wrong here.

[Cappex]

A single Bitcoin may hit a trillion dollar if..

A single Bitcoin may hit a trillion dollar if world just start creating asset backed USD or stablecoins like gold backed usd, crypto asset backed usd, premium domain value backed usd, nft backed usd, gems backed usd etc just like if I have 30oz gold ($2025.13*30=60753.9) then I can create 60753.9 USDs and put that money in Bitcoin or can launch a stablecoin defi project. The 2nd option is just make everyone a millionaire and these millionaire will make you a billionaire, someday when these millionaire will become a billionaire then they will make you a trillion ire. I hope that Elon Musk will start Asteroid Mining soon to mine precious metals but it will only benefit him or his share holders, it will not benefit the crypto community.

I don't think there is a maximum value that can be reached for bitcoin if the dollar printing is continuous and without brakes, but this does not solve the problem because the purchasing power does not go hand in hand with the dollar value.

[meanwords]

I just can't see Bitcoin hitting 21 Quintillion marketcap at all even in the farthest future. It's just impossible for me, even if people made asset-backed coins  that will attract investors (actually people are starting to make it now), the number is just too high because of currency diversity.

I don't think there is a maximum value that can be reached for bitcoin if the dollar printing is continuous and without brakes, but this does not solve the problem because the purchasing power does not go hand in hand with the dollar value.

Theoretically, there's no maximum value on how much Bitcoin can go but that doesn't mean it can reached an absurd amount. Always take note of supply/demand and the population of where the supply/demand will come from because that's where the price will be based on.

[Ozero]

This is an hyperbole in true sense of it. I am still trying to wrap my head around bitcoin selling for $1 million  and yet,  someone is coming with a trillion dollars speculation!  Is there truly a limit to speculations! Bitcoin will sure sell for $100k may be much more.  But a trillion!

Of course, such a statement is from the realm of fantasy and is absolutely not real in practice. Indeed, while the price of bitcoin, even at one million dollars, is still a controversial issue. So far, we see that even its predicted price of one hundred thousand dollars has not yet come true. Bitcoin climbed to over $ 64,000 and fell to almost $ 30,000. As its price has risen, we have also seen comments from various senior officials regarding tighter regulation of Bitcoin and other cryptocurrencies. So far, the cryptocurrency, according to governments, does not pose a threat to global financial stability and they do not try to put pressure on it. However, the situation may change if the weight of the cryptocurrency in the global financial system increases. Therefore, it is better to move towards the goal gradually.

[manggis97]

If the circulating supply of BTC only below 100 unit, can be possible the price for single BTC hit atrillion dolar. But if the amount of circulating supply consist of amillion coin, that is not possible. The price is always based on Supply and Demand.

[Reid]

If only it's that easy.

We won't see that but I am open to that possibility. A trillion-dollar per Bitcoin.
I hope my kids or grandkids will see that point and just wish me a "thank you" while I am in heaven or in hell or wherever dead people go.
It could have been easier if the money is not divided into different cryptocurrencies.
Try adding all the marketcap of it and pour it all into Bitcoin. That will be freaking high and we could've been in hundreds of thousands in value by now.
But there are those who want to share the same result as Bitcoin does, and that's why we are still slowly adding value.

[devollito]

It will hit trilion dollar if crysis is happen again like in 1926 and dollar inflation going prety bad. In other side bitcoin need to proof that this asset class is worth as store of value. So people will buy it and money flow in to bitcoin marketcap. I could be happen anyway, but not because of elon musk tweet. And with normal inflation like today btc could hit 1 trilion dollar at year 2080 maybe.

[Toshko]

Of course it's possible! I like this prediction. A trillion dollars for everybody with a Bitcoin. Then again, what will the price of bread be, if this happens?

[aditasetia123]

Of course it's possible! I like this prediction. A trillion dollars for everybody with a Bitcoin. Then again, what will the price of bread be, if this happens?

i am not sure it will happen , if we look at recent price with all time high $65k much people selling .whales start playing their role in market now and we look price drop sharply.so how could we said bitcoin price hit trillion dollars, did us make complex analisys or macro analisys. did we also analisys another market too ?