Can 1 satoshi be worth $1 in the future?

[Poker Player]

Who is John Galt? explained well. It's not mathematically impossible, but I don't think it will happen in a time frame that we can see. For this to happen, both the dollar must depreciate enormously and Bitcoin must rise rapidly. In such an environment, 1 sat = 1 dollar won't make much sense anyway. I would focus on the rate of 1 sat = 1 cent. We're much more likely to see that in the future.

That would be 1 Bitcoin= $1M. Many of us dream of it and it has been predicted several times that it would come faster than it actually will, starting with John McAfee, who predicted it for 2020.

I believe it will eventually arrive but by then $1M will be worth considerably less than it is now.

Two and a half years ago I proposed, without much success it must be said, to call bitcoinaires those who had a net worth equivalent to the price of a median US home at that time, and 10 times the median US household income. That was equivalent to $1M at that moment. With inflation, as of today a bitcoinaire should have about $1.15M of net worth, following the definition.

By the time Bitcoin reaches $1M the median house in the USA if it hasn't reached $1M it won't have much left. I estimate that by then bitcoinaire should have about $2 and $3M in then dollars.

[BenCodie]

-snip-
Though if this happens, then the acceleration from $1,000,000 to $100,000,000 might be quicker than expected...not due to BTC growing in value but because the USD is already on rapid decline or free-fall territory. This would probably be realistic in a scenario where an economy is struggling to use USD as a means of exchange (similar to what happened in Venezuala). I wouldn't be surprised if this happened, as Venezuala's currency was seemingly backed by oil. The USD have a larger, world-reaching economy...however they are ultimately backed by order, military strength and oil. If we are taking war and obedience out of the picture and we are in a world of renewables, then what confidence or faith could one possibly have in the USD?

It would be terrible inflation when the USD loses its value and makes Bitcoin reach unthinkable prices.
Will that really happen in the future?

Why wouldn't it? Pretty much all fiat currencies are 95-99%+ down from their initial value in terms of purchasing power. There's no magic that can turn those 50+ years of decline around significantly. CBDCs are coming soon, and that will only accelerate the decline as bankers can probably mint currency at the click of a button. Not even cash/paper will back money anymore, at least in the West. BRICS will be backed by gold (not sure how accurate this will turn out in turns of verifying the backing of money supply with gold).

It's not unrealistic to assume the same decline that we've been seeing for decades.

It depends on the role of the government in tackling the inflation that will occur.
The government will not allow such extreme events to happen.

Proven by negative events ranging from the great depression to the global financial crisis, sometimes governments and banks have no control. It's like trying to close a black hole. If you really trust that global government have so much control that they can keep the money system going forever, then I look forward to coming back to this post

Bitcoin will be a strong competitor and will rule the world payments if 1 Sat = 1$.
It will be a crazy world, economic turnover that cannot be predicted and there will be many policy changes.

1 Sat = $1 is not what determines whether or not Bitcoin becomes the ruler of world payments. Other currencies might still thrive, like BRICS, while USD deteriorates. It will not take over world payments at once, but it's first large "boss fight" is West and the EU - who we all think is the most resilient, but are actually weaker (when it comes to monetary strength out of the power nations). It's likely they will be absorbed first.

Personally, I wouldn't think too far, just thinking that Bitcoin could reach $100k ATH is more than enough.
If it can exceed that then consider it a bonus from long-term holding.

Thinking about just $100k? Do you even HODL, bro? My research spans much further than just what's happening next year, or in 5 years. I'm already thinking 5-15 years ahead...because that is ultimately what matters.

[yhiaali3]

Theoretically it is possible, why not? But I expect that this needs maybe 100 years at least. Bitcoin started at a price of cents and after about 10 years surpassed 70k$. So anything is possible in the end, even if it is very far away.

But what will be the purchasing power of the dollar at that time? This is what we have to think about, maybe 1 Satoshi = $1, but its purchasing value is worth nothing as is the case now, i.e. the purchasing value of 1 Satoshi is worth nothing now.

[Trawda]

Not impossible anyway, but not a century ago.
In my opinion, more important than the price of Bitcoin in that distant time should be concern about mass adoption, will Bitcoin be accepted globally at that time?

[GeorgeJohn]

How many centuries will it take for bitcoin to hit $100 million, I know it's crazy!

There is no higher expectation for sat = $1 but this is too far away so capitalists must be higher than anything in the world, I can't guess too far with this crazy prediction.

The answer to this question is that nobody knows how many centuries it will take bitcoin, but what I want you to understand is that the centuries does not determine the increase of bitcoin what determine is the adoption of bitcoin, if bitcoin get adopted and have more support by different continent that means the chance of bitcoin getting elevated to your end expectations is slim, what propagate bitcoin increment is the number of companies that embrace bitcoin and accept it as means of payment, if company like apple and amazon should adopt bitcoin fully without having a setback on bitcoin transaction and adoption that will skyrocket the price of bitcoin more, and secondly other companies will like to follow same method to ensure that bitcoin has been use as a means of payment transaction. So the future will determine if bitcoin will reach to such.

[fuguebtc]

Personally, I wouldn't think too far, just thinking that Bitcoin could reach $100k ATH is more than enough.
If it can exceed that then consider it a bonus from long-term holding.

Thinking about just $100k? Do you even HODL, bro? My research spans much further than just what's happening next year, or in 5 years. I'm already thinking 5-15 years ahead...because that is ultimately what matters.

Research for the next 15 years, and what have you researched? There is nothing wrong with many people's goal is $100k and they will profit there. We are here to make profit and so we need to buy and sell not by holding for 15 years when we won't know what will happen at that point.
If all goes well and everything repeats, why not sell bitcoin for $100k and buy it back when it gets dumped later? The market does not stand still and will not move in a vertical line, so it would be unwise to hold bitcoin for 15 years and do nothing.

The future is unpredictable, you can bet for the next 15 years because that's your plan, but there's nothing wrong if other people don't think like you.

[Abiky]

If this is possible, the dollar will no longer have any meaning. Imagine then how much the transaction fee would cost. A few thousand dollars just to transfer some bitcoins. If this ever happens, the world currency will not be the dollar, but perhaps bitcoin.

Exactly. And I don't see the US Dollar losing its place as the reserve currency of the world anytime soon. "De-dollarization" is just getting started. It's going to take decades before the "greenback" loses its value for good. While some countries are beginning to adopt BTC as legal tender, we still have a long road ahead before the digital currency rules the world. When that happens, things will be valued in satoshis instead of traditional Fiat (mainly the USD).

I'd say $1 per satoshi is insane considering that you'd need to spend a lot of money for your transaction to go through the Blockchain. But it makes sense when there's hyperinflation surrounding the USD. We won't be alive by the time this becomes a reality. I'm fine with BTC's current market price, as long as decentralization remains untouched. Just my thoughts

[DanWalker]

If this is possible, the dollar will no longer have any meaning. Imagine then how much the transaction fee would cost. A few thousand dollars just to transfer some bitcoins. If this ever happens, the world currency will not be the dollar, but perhaps bitcoin.

Exactly. And I don't see the US Dollar losing its place as the reserve currency of the world anytime soon. "De-dollarization" is just getting started. It's going to take decades before the "greenback" loses its value for good. While some countries are beginning to adopt BTC as legal tender, we still have a long road ahead before the digital currency rules the world. When that happens, things will be valued in satoshis instead of traditional Fiat (mainly the USD).

I'd say $1 per satoshi is insane considering that you'd need to spend a lot of money for your transaction to go through the Blockchain. But it makes sense when there's hyperinflation surrounding the USD. We won't be alive by the time this becomes a reality. I'm fine with BTC's current market price, as long as decentralization remains untouched. Just my thoughts

I have a question, who would propose to choose bitcoin as the world currency if the US dollar crashes? What about other major powers that are ready to replace the US if they collapse like China or European countries? What and where will they do when the US collapses? I don't want to be pessimistic about bitcoin but we should be realistic about the future. I don't think big countries like Russia or China or India will agree to accept bitcoin as a replacement for USD, but instead, they will be competing and fighting each other to get their currency to replace USD.

As long as the world has centralized systems like the government that controls us, don't think bitcoin will replace and become the main monetary system of the world, what I think it will be is an alternative that will be good.

[Shinpako09]

Lol. My what-if moment occurred to me in 2014 or 2015. Anyway, maybe and maybe not. We haven't seen BTC climb this much before, so this concept is plausible, but the question is, will you be alive by the time it happens? Because it could take a long time to get there. Maybe not, because the governments of that era would never allow it to happen.

[taufik123]

Thinking about just $100k? Do you even HODL, bro? My research spans much further than just what's happening next year, or in 5 years. I'm already thinking 5-15 years ahead...because that is ultimately what matters.

LOL, 15 years in the future, why is it too far away if you just want to benefit in the end? We also won't know if we are still alive or not 5-15 years from now.
It's not about how long you can hold it or how long you can hold it, it's about what price target you should be able to achieve.

$100k is a real target for me and at that point, I will take profits and buy again.
Remember that Bitcoin is volatile, it could be that when it reaches ATH $100k Bitcoin will return to prices below $50k, which is very possible.

It's better to respect each other's decisions. Doubting is fine, but there's no need to compare it with your own belief method.

-snip-
If all goes well and everything repeats, why not sell bitcoin for $100k and buy it back when it gets dumped later? The market does not stand still and will not move in a vertical line, so it would be unwise to hold bitcoin for 15 years and do nothing.

The future is unpredictable, you can bet for the next 15 years because that's your plan, but there's nothing wrong if other people don't think like you.

You are right about the argument, I would also take profits first at a predetermined target price and then buy back. Instead of waiting 15 years and that's a crazy long-term mission with no buyback plan or anything like that and waiting until death.

[Asuspawer09]

The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts?

I mean for sure, nothing is impossible on Bitcoin at this point we already see Bitcoin broke the impossible. who could have thought that Bitcoin back in 2011 is going to reach the market price of around 70k$ or its currency's all-time high? In the early years, there are a lot of doubts that Bitcoin is going to reach even only a 100$ but now that we see it increase its market price we could already say that in the coming Bullrun for sure the market price is going to reach 100k$ or even more right. So I think it is obviously possible to happen, I mean with 21 million supply we could totally reach a significant amount in the future, Just imagine what going to be the price of Bitcoin when a huge percentage of the population around the world starts to use Bitcoin because today there was only a very small percentage that is using Bitcoin likes to say that 90% of people are now using Bitcoin make the price of Bitcoin probably is going to skyrocket and it's going to exceed our expectation again.

[crwth]

To dream about this is okay but it wouldn't really check out. A lot of members have already explained why it couldn't happen but let's add more to the discussion.

There can be a possibility where

• $1 dollar is worthless because of inflation
• $1 dollar is still how we perceive it now

I think it's more plausible on the first one rather than the second. If the dollar becomes like Zimbabwe dollars, it could lol.

[imamusma]

Not impossible, but still highly implausible to hope for in the near future. We all don't know what will happen in the future, and if 1 sat = 1 dollar, then it would be really amazing to be true.

OP, I'm not expecting 1 Sat = 1 dollar, but maybe we all really do expect bitcoin to break through $500k in the next few years. Not sure how high bitcoin ATH will be in the next bullish period, but I think 1 Sat will be worth a lot more expensive then compared to now. We know bitcoin has the potential to reach a higher value year after year, but 1 Sat = 1 dollar will not be as easy as it seems.

[Abiky]

I have a question, who would propose to choose bitcoin as the world currency if the US dollar crashes? What about other major powers that are ready to replace the US if they collapse like China or European countries? What and where will they do when the US collapses? I don't want to be pessimistic about bitcoin but we should be realistic about the future. I don't think big countries like Russia or China or India will agree to accept bitcoin as a replacement for USD, but instead, they will be competing and fighting each other to get their currency to replace USD.

As long as the world has centralized systems like the government that controls us, don't think bitcoin will replace and become the main monetary system of the world, what I think it will be is an alternative that will be good.

Bitcoin has done the impossible, so I wouldn't be surprised if it hits $100m in the future ($1 per satoshi) due to ever-increasing inflation rates. But I concur with you that BTC will never replace Fiat currencies because governments will not allow that to happen. They want control/power more than anything else. You can see why El Salvador hasn't ditched the USD completely even with recent legislation in favor of making BTC legal tender.

Without Fiat, I don't see how mainstream governments will survive. I'm fine with BTC as an alternative to Fiat as long as it remains decentralized and censorship-resistant. I'd suggest you keep buying and "hodling" BTC as the best is yet to come. Who knows if you'll become rich by the time BTC goes to Mars? Just my thoughts

[BenCodie]

Personally, I wouldn't think too far, just thinking that Bitcoin could reach $100k ATH is more than enough.
If it can exceed that then consider it a bonus from long-term holding.

Thinking about just $100k? Do you even HODL, bro? My research spans much further than just what's happening next year, or in 5 years. I'm already thinking 5-15 years ahead...because that is ultimately what matters.

Research for the next 15 years, and what have you researched? There is nothing wrong with many people's goal is $100k and they will profit there. We are here to make profit and so we need to buy and sell not by holding for 15 years when we won't know what will happen at that point.
If all goes well and everything repeats, why not sell bitcoin for $100k and buy it back when it gets dumped later? The market does not stand still and will not move in a vertical line, so it would be unwise to hold bitcoin for 15 years and do nothing.

The future is unpredictable, you can bet for the next 15 years because that's your plan, but there's nothing wrong if other people don't think like you.

I won't bore with all of my research topics - though to summaries
- Geopolitical factors both relating and not relating to Bitcoin
- The future of fiat and where it is destined to go
- Price reactions of limited supply commodities during recessions and monetary expansion

The future is no unpredictable in the long term. You can get an idea, which helps to do things like hold BTC in the long-term, with a strategy that allows you to exit high and re enter low.

If you think the 15 year future is unpredictable, then what makes you think that you predicting the next 1 year is much different?

Researching 5, 10, 15 years ahead allows you to plan even if the 1-2 year outlook doesn't come through like everyone is expecting.

Thinking about just $100k? Do you even HODL, bro? My research spans much further than just what's happening next year, or in 5 years. I'm already thinking 5-15 years ahead...because that is ultimately what matters.

LOL, 15 years in the future, why is it too far away if you just want to benefit in the end? We also won't know if we are still alive or not 5-15 years from now.
It's not about how long you can hold it or how long you can hold it, it's about what price target you should be able to achieve.

$100k is a real target for me and at that point, I will take profits and buy again.
Remember that Bitcoin is volatile, it could be that when it reaches ATH $100k Bitcoin will return to prices below $50k, which is very possible.

It's better to respect each other's decisions. Doubting is fine, but there's no need to compare it with your own belief method.

Both of you misunderstood my post. It's better not to worry about the next 1,2 3 years. Having a plan for 5+ means that you can survive for much longer even if the precious 100k target is not met in the next 1-2  year future.

The market likes people like you both - people who bank on a near term outcome.

[STT]

New value isnt so likely created as we see value redirected from elsewhere.   There is a utility to BTC and I think worth from that but alot of this discussion would be from people using BTC instead of trying to sort through all the processes to deal with Dollar.  Alot of people in the world have only distant contact with Dollars at least digitally, hence why so much paper is circulating outside the borders of USA.

[serjent05]

The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.

Thoughts?

Everything have possibility in the future but we should consider the percentage that it could happen.  To be honest, no one can tell what lies ahead, only speculation and prediction might be the only thing a person can do in hopes to unfold what lies ahead but that can't be considered as a fact unless it happens.

Now 1 satoshi equals 1 dollar is the dream price of almost every Bitcoin holder but I would stay sane and rational so I guess that is almost impossible to happen in our lifetime here on earth.  So I think we should leave the future generation to answer this question.

[n0ne]

How many centuries will it take for bitcoin to hit $100 million, I know it's crazy!

There is no higher expectation for sat = $1 but this is too far away so capitalists must be higher than anything in the world, I can't guess too far with this crazy prediction.

This may happen one day, we never know the economic conditions of the world and what is going to happen after 50+ years. Technically and theoretically it is possible for 1 Sat to reach 1$ and we cannot deny that equation.

Being optimistic about BitcoinBTC, I hope that Satoshi reaches this value very quickly in our lives. It would be great to see this bitcoin prices on these levels which for now seems almost impossible.

We need to be realistic with the calculation. As stated in one of the previous post the value could go high above cents, but this isn't an easy thing to reach a dollar. In my understanding such a growth could happen only if every country around the world agree with the one currency system and start using it. This is really impossible thing, so 1sat to reach a dollar is something unrealistic in my view.

[fuguebtc]

-.-

I know everyone has a different mindset and vision, but I prefer reality to living in a dream. It is not that we are short-sighted or only interested in the short-term but ignore the long-term. As you also said, even the future in the next 1 year we cannot predict, so isn't it meaningless to predict and prepare for the next 15 years? We should find a way to live well until 1 year later and if we can get through it, we continue to plan for the next year. We're not even sure if we'll live to tomorrow, so what's the point of thinking about the next 15 years?

[DanWalker]

I have a question, who would propose to choose bitcoin as the world currency if the US dollar crashes? What about other major powers that are ready to replace the US if they collapse like China or European countries? What and where will they do when the US collapses? I don't want to be pessimistic about bitcoin but we should be realistic about the future. I don't think big countries like Russia or China or India will agree to accept bitcoin as a replacement for USD, but instead, they will be competing and fighting each other to get their currency to replace USD.

As long as the world has centralized systems like the government that controls us, don't think bitcoin will replace and become the main monetary system of the world, what I think it will be is an alternative that will be good.

Bitcoin has done the impossible, so I wouldn't be surprised if it hits $100m in the future ($1 per satoshi) due to ever-increasing inflation rates. But I concur with you that BTC will never replace Fiat currencies because governments will not allow that to happen. They want control/power more than anything else. You can see why El Salvador hasn't ditched the USD completely even with recent legislation in favor of making BTC legal tender.

Without Fiat, I don't see how mainstream governments will survive. I'm fine with BTC as an alternative to Fiat as long as it remains decentralized and censorship-resistant. I'd suggest you keep buying and "hodling" BTC as the best is yet to come. Who knows if you'll become rich by the time BTC goes to Mars? Just my thoughts

Admittedly bitcoin has done what no other asset has, growing millions of times in just 13 years while still more than 90% of the world's population hasn't invested in it. I haven't thought about $100 million per bitcoin but if it hits $1 million, then I believe it will come to our generation.

We all wish bitcoin would replace the fiat system, but that is clearly very unlikely when the government is still the one controlling the world. Bitcoin fit is a more alternative, and that's what I expect to happen soon.