A recent Wall Street Journal article about $1 Million = 1 BTC possibility!

[mktrader]

That brief article is really nice, but some people are posting negative comments on it.

just Google "wsj Bitcoin Price…to $1 Million?"

[btcpay86]

but now is only $430.

[mktrader]

but now is only $430.

Absolutely! And the price was just half a cent five years ago (mid to late 2009)!

[igroock]

keep dreaming. with a limited supply of only 20 mil it will likely take decades, if it survives that long.

eventually the banks will come up with their own universal form of payment, its just a matter of time.

[flounderella]

Hmmm, I'll drink whatever he's drinking ...

[TaunSew]

$1 million x 12 million BTC = $12 trillion market capitalization?  


It's maybe possible that digital currencies could be worth $1 trillion in the far distant future but I see that being split between a dozen or so coins.

[mktrader]

keep dreaming. with a limited supply of only 20 mil it will likely take decades, if it survives that long.

Well, I wouldn't mind stashing a few bitcoins on a paper wallet in my vault for a decade.    

[jonald_fyookball]

1T market cap seems very feasible and it could happen in a decade.

[serenitys]

keep dreaming. with a limited supply of only 20 mil it will likely take decades, if it survives that long.

eventually the banks will come up with their own universal form of payment, its just a matter of time.

They already have...it's fiat currency and it's destroyed economies and wrecked planets and bankrupted societies and it has failed in every nation who adopted it.

Once general society understands they're not obligated to use a forced currency and can choose, the only thing they will choose is the secure bitcoin that gives them back their power, control and wealth.

[mktrader]

$1 million x 12 million BTC = $12 trillion market capitalization?  


It's maybe possible that digital currencies could be worth $1 trillion in the far distant future but I see that being split between a dozen or so coins.

1T market cap seems very feasible and it could happen in a decade.

Yes, that's why 1 btc = $100,000 is more likely compared to 1 btc = $1 Million.

[romang]

Let's concentrate on 1000 first wtf

[Beliathon]

eventually the banks will come up with their own universal form of payment, its just a matter of time.

Right, and the people of the world will JUMP at the opportunity to be fucked into neo-slavery by the banks a second time around. 

[NorTiaN]

Let's concentrate on 1000 first wtf

+1

[bryant.coleman]

I can't imagine it happening anytime in near future. Let's get realistic. The total value of all $$$ in circulation is only about $1.27 trillion. Even in some extremely unlikely scenario the BTC is able to overtake the USD, even then the value will be much lower than $1 million. Here is why.

Value of 1 BTC = 1.27 trillion / 21 million = $60,476.

[sly5am]

I can't imagine it happening anytime in near future. Let's get realistic. The total value of all $$$ in circulation is only about $1.27 trillion. Even in some extremely unlikely scenario the BTC is able to overtake the USD, even then the value will be much lower than $1 million. Here is why.

Value of 1 BTC = 1.27 trillion / 21 million = $60,476.

I believe you are off by a long shot  the total world 'currency' ( USD isnt the total world currency, and bitcoin is a 'global' currency)value is about 77 trillion. making 1 bitcoin well over 1 million usd each.

[mktrader]

I can't imagine it happening anytime in near future. Let's get realistic. The total value of all $$$ in circulation is only about $1.27 trillion. Even in some extremely unlikely scenario the BTC is able to overtake the USD, even then the value will be much lower than $1 million. Here is why.

Value of 1 BTC = 1.27 trillion / 21 million = $60,476.

For btc to reach $1 Million mark, there will need to be adaption on a truly global scale.

Another point to note here is that Just two U.S companies 'APPLE' and 'EXXON Mobil' combined are worth nearly $1 trillion in Market capitalization. Souce: http://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization

[keithers]

I don't see how that could be humanly possible, but could you imagine the thefts that would occur on a daily basis? People would be kidnapped and held ransom for their btc wallets

[SirWilliam]

I don't see how that could be humanly possible, but could you imagine the thefts that would occur on a daily basis? People would be kidnapped and held ransom for their btc wallets

Yeah, that's true, it would almost be like having uhhh.... money.

[Chemistry1988]

eventually the banks will come up with their own universal form of payment, its just a matter of time.

And it will be centralized, unlike bitcoin

[jonald_fyookball]

$1 million x 12 million BTC = $12 trillion market capitalization?  


It's maybe possible that digital currencies could be worth $1 trillion in the far distant future but I see that being split between a dozen or so coins.

1T market cap seems very feasible and it could happen in a decade.

Yes, that's why 1 btc = $100,000 is more likely compared to 1 btc = $1 Million.

Agreed, but that would still be cool.