$10M Each Coin - By Hal Finney

[HelliumZ]

It may sound unbelievable, but the first Bitcoin Receipts, who died in 2014, made exactly the same comment about Bitcoin: "Today or tomorrow, Bitcoin will reach $10 million one day." He predicted such a price for Bitcoin based on a prediction that the value of the dollar would likely decline. However, the value of the dollar is currently slowly decreasing due to the printing supply of dollars (inflation). The more intense the dedollarization, the more the price of Bitcoin will increase. If Hal Finney were alive, he would have said that the current price of Bitcoin is just the beginning, that is, its $10 million milestone.

Do you think Hal Finney's prediction, even if unrealistic, is likely to come true?

[Renampun]

snip

Do you think Hal Finney's prediction, even if unrealistic, is likely to come true?

I'm not saying that it's unrealistic, I also believe in that prediction, because with the development of Bitcoin and more and more people adopting it, it will make the price higher than it is now, but regarding when that will happen, it's still difficult to be sure because from the current price to $10M it's still very far, and it might take decades to reach that price, but now Bitcoin is showing a positive direction, and it doesn't rule out the possibility that we could reach that price.

[Mrbluntzy]

Years back, do many people even believed that Bitcoin was going to surpass $1k? Many people didn't believe as much as many would not also believe that 1 BTC will be worth $10M in the future, but whether many people believe or not, the price of Bitcoin can get there somedays, just in one decade Bitcoin has already climbed a long height that many did not imagine, that tells us that in [say] 5 more decades, we are expecting more growth for Bitcoin and the price can get above $1 million unless there's great challenge that will interfere with its growth since the future is not known.

[sunsilk]

Gold is currently at $28-T market capitalization, whilst Bitcoin is at $2.1-T market capitalization with the price of $106k. So, it has to grow hundreds of times for us to see it at $10M.

Is it possible? possible but we don't know when it can happen.

I'd love to see it reach a million, then millions then tens of millions in price. Those who have got even a quarter of it will definitely become a rich guy.

It's like we are back in the past that we don't know that Bitcoin will reach $100k and moving to the future, it did.

[famososMuertos]

Hi OP:

At this point, any price—whatever it may be—is driven by individual self-interest, and while that's not inherently wrong, there's no need to cite outside authority to prove it. Although the source of this OP's idea is one of the most incredible figures associated with Bitcoin, this particular comment isn't exactly a memorable quote.

Having established that background, we have to be honest and consider that, fundamentally, any price depends on both governmental and citizen adoption. And as I've always maintained, I prefer a Bitcoin that can be used freely without restrictions over a Bitcoin at its 'ideal' price (which is always determined by each individual's self-interest, to avoid mentioning specifics—because if we're going there, why \$10 million? Why not \$100 million? You get my point.)

imo by fM

[fullfitlarry]

Why not? We have seen throughout history that Bitcoin is going up in prices in every bull run,

2017 - almost $20,000
2021 - almost $70,000
2025 - so far we are at $125,000

So we can see the pattern here, It's just a matter of time when we gonna hit it. When almost all Bitcoin has been mined or at least 99% of it? Everything is open for speculation now and maybe when we reach that price, we could be in parity with Gold already.

[Danica22]

Years back, do many people even believed that Bitcoin was going to surpass $1k? Many people didn't believe as much as many would not also believe that 1 BTC will be worth $10M in the future, but whether many people believe or not, the price of Bitcoin can get there somedays, just in one decade Bitcoin has already climbed a long height that many did not imagine, that tells us that in [say] 5 more decades, we are expecting more growth for Bitcoin and the price can get above $1 million unless there's great challenge that will interfere with its growth since the future is not known.

But there is a huge difference in market capitalization between bitcoin hitting $1,000 versus hitting $10 million.

BTC hits $100,000, its capitalization is only $2 trillion. But for bitcoin to hit $10 million, its market capitalization would need to grow to nearly $200 trillion. That means BTC growth will surpass global GDP and account for 1/2 of the total global value. What do you think?Honestly, it's just an illusion even if it takes centuries more.

Honestly, the only scenario I can think of for bitcoin to hit 10 million is the USD collapsing and inflation going to millions of%. But will this happen, and when the inflation of USD (global currency) reaches millions of percent, will a bitcoin worth 10 million still make sense and save us at that time?

[LDL]

Why not? We have seen throughout history that Bitcoin is going up in prices in every bull run,

2017 - almost $20,000
2021 - almost $70,000
2025 - so far we are at $125,000

So we can see the pattern here, It's just a matter of time when we gonna hit it. When almost all Bitcoin has been mined or at least 99% of it? Everything is open for speculation now and maybe when we reach that price, we could be in parity with Gold already.

You have presented an interesting piece of information where the difference in the maximum amount that Bitcoin gives every four years is about 50 thousand dollars.
So of course, between now and 2025 and 2028, Bitcoin will increase its market by another $50,000, meaning that after the 20th market halving, the market will reach $180,000.

2017-$20k
2021-$70k
2025- $126k
2029 ~$180k..... Approx

[ginsan]

It may sound unbelievable, but the first Bitcoin Receipts, who died in 2014, made exactly the same comment about Bitcoin: "Today or tomorrow, Bitcoin will reach $10 million one day." He predicted such a price for Bitcoin based on a prediction that the value of the dollar would likely decline. However, the value of the dollar is currently slowly decreasing due to the printing supply of dollars (inflation). The more intense the dedollarization, the more the price of Bitcoin will increase. If Hal Finney were alive, he would have said that the current price of Bitcoin is just the beginning, that is, its $10 million milestone.

Do you think Hal Finney's prediction, even if unrealistic, is likely to come true?

No one knows what the future will be like and when the price of Bitcoin will touch the price of $1 million, this is a speculation and is only based on inflation about the increase in the price of bitcoin in the long term ahead, whether it will be 2050 or when?, everyone can predict with the numbers they want each bitcoin.

Today it is impossible because reaching $200k is very difficult in fact, let's think close first at the end of this cycle it can be simulated with simpler calculations and several factors that can be used as a source of iflow money into the bittcoin market both from ETFs and directly retail and institutions buying bitcoin.

[DanWalker]

Why not? We have seen throughout history that Bitcoin is going up in prices in every bull run,

2017 - almost $20,000
2021 - almost $70,000
2025 - so far we are at $125,000

So we can see the pattern here, It's just a matter of time when we gonna hit it. When almost all Bitcoin has been mined or at least 99% of it? Everything is open for speculation now and maybe when we reach that price, we could be in parity with Gold already.

You have presented an interesting piece of information where the difference in the maximum amount that Bitcoin gives every four years is about 50 thousand dollars.
So of course, between now and 2025 and 2028, Bitcoin will increase its market by another $50,000, meaning that after the 20th market halving, the market will reach $180,000.

2017-$20k
2021-$70k
2025- $126k
2029 ~$180k..... Approx

If we apply this linear model, it means that bitcoin price will increase by $50-60k every 4 years, which is equivalent to bitcoin increasing by $10-12k per year. That also means for bitcoin to reach $10 million each coin, we would have to wait more than 700 years. You two are joking, right? LOL

For bitcoin to hit 10 million it needs to grow about x90 from now, I don't think an asset with a market cap of 2 trillion will easily achieve that kind of insane growth.

Guys, let's be realistic.

[pooya87]

I believe we will get there and beyond. The reason is what's currently happening to gold.

You see, gold is not worth about $4k because there is demand for it from regular people. It has gone up because governments and their central banks are rapidly accumulating it as their reserves to back their fiat and their economy.

For the past year or two, many countries are talking about also adopting bitcoin as a national reserve to back their fiat and their economy. So logically speaking with people adopting bitcoin, price target could be $1 million or $10 but with governments going on a competitive bitcoin buying spree the price could potentially go a lot higher than that ($100 mil perhaps )...

[davis196]

Bitcoin becoming the dominant global currency means one thing. The central banks abandoning fiat currencies and buying BTC. This cannot happen in real life. Hal Finney was right about one thing. This is a thought experiment an it will remain a thought experiment forever.
He didn't include the transaction fees/confirmation time problem, after BTC becomes the global currency. I can't imagine that back then, people like Hal Finney wouldn't know that the BTC blockchain has limitations. Such problem would create off-chain solutions or even financial derivatives, like fiat money backed by BTC.

[justdimin]

For the past year or two, many countries are talking about also adopting bitcoin as a national reserve to back their fiat and their economy. So logically speaking with people adopting bitcoin, price target could be $1 million or $10 but with governments going on a competitive bitcoin buying spree the price could potentially go a lot higher than that ($100 mil perhaps )...

I agree with your points. There are plenty of definite chances for this to become real. When individuals+ governments+ institutions rushing for bitcoin with long term goals against ~18+ million[1] supply, I am sure $100m also possible in a decade or two. The real question would be, how quickly those people who not yet planned for bitcoin for long term, will realize the actual potential of bitcoin. Yeah, in my opinion, the reason why bitcoin is still trading only just above 100k is, lack of awareness of what kind of potential bitcoin got. When people find time to study and understand the fundamentals of bitcoin, the journey toward those magic figures will begin.

We cannot expect everyone to adapt bitcoin with long term goals but I guess that when there are hints about reaching $100m or similar, people will start thinking about holding further.

[1] Subtracting Satoshi's+lost+yet to be mined coins from total supply.

[Jaycoinz]

Why not? We have seen throughout history that Bitcoin is going up in prices in every bull run,

2017 - almost $20,000
2021 - almost $70,000
2025 - so far we are at $125,000

So we can see the pattern here, It's just a matter of time when we gonna hit it. When almost all Bitcoin has been mined or at least 99% of it? Everything is open for speculation now and maybe when we reach that price, we could be in parity with Gold already.

Well I don't think anyone should even doubt the price movement of Bitcoin, because it has continually showed that it's capable of reaching height that we can't imagine and the possibility of it reaching the turning point of 500k in the next six years is just so possible that you would reasonably accept the fact about what Hal is proposing on the price of Bitcoin to clinch the value of $10million. For me I think the only factor holding it now is time and we just have to be patient and follow up the trend as Bitcoin carefully gets there.

[ashmodeus]

Do you think Hal Finney's prediction, even if unrealistic, is likely to come true?

$10 million per coin sounds crazy now, but nothing is impossible, right? It's possible that Bitcoin could reach that point in the future, or even beyond. After all Bitcoin is only 16 years old, still very young, but we've already seen its rapid growth. So I believe there's huge potential for Bitcoin in the future, provided the push for mass adoption and continued regulation in each country.

[Lida93]

Gold is currently at $28-T market capitalization, whilst Bitcoin is at $2.1-T market capitalization with the price of $106k. So, it has to grow hundreds of times for us to see it at $10M.

Is it possible? possible but we don't know when it can happen.

I'd love to see it reach a million, then millions then tens of millions in price. Those who have got even a quarter of it will definitely become a rich guy.

It's like we are back in the past that we don't know that Bitcoin will reach $100k and moving to the future, it did.

The possibility of bitcoin reaching such numbers in tens of millions per bitcoin is not unrealistic, given that bitcoin was able to move from $1 to $100k+  it makes the entire materiality a thing left in the hands of time.

If more and more government adoptions has to increase with countries piling up their reserves with bitcoin as they're doing with gold, then bitcoin can for sure surpass the fold MC, because what's really raising the gold price is the government massive involvement with huge funds to it as reserves.

[sunsilk]

Gold is currently at $28-T market capitalization, whilst Bitcoin is at $2.1-T market capitalization with the price of $106k. So, it has to grow hundreds of times for us to see it at $10M.

Is it possible? possible but we don't know when it can happen.

I'd love to see it reach a million, then millions then tens of millions in price. Those who have got even a quarter of it will definitely become a rich guy.

It's like we are back in the past that we don't know that Bitcoin will reach $100k and moving to the future, it did.

The possibility of bitcoin reaching such numbers in tens of millions per bitcoin is not unrealistic, given that bitcoin was able to move from $1 to $100k+  it makes the entire materiality a thing left in the hands of time.

If more and more government adoptions has to increase with countries piling up their reserves with bitcoin as they're doing with gold, then bitcoin can for sure surpass the fold MC, because what's really raising the gold price is the government massive involvement with huge funds to it as reserves.

Yes, it's realistic. We should just look at how much it had been all over these years and how it's able to pave its way to the top.

There are still a lot of countries, companies and people that haven't adopted it yet. And that's why the money that will flow from them is going to be a huge add up to the market cap soon.

And if they're going to start adopting and holding it as well, we'd see how valuable each satoshi that we're holding.

[cryptomaniac_xxx]

I believe we will get there and beyond. The reason is what's currently happening to gold.

You see, gold is not worth about $4k because there is demand for it from regular people. It has gone up because governments and their central banks are rapidly accumulating it as their reserves to back their fiat and their economy.

For the past year or two, many countries are talking about also adopting bitcoin as a national reserve to back their fiat and their economy. So logically speaking with people adopting bitcoin, price target could be $1 million or $10 but with governments going on a competitive bitcoin buying spree the price could potentially go a lot higher than that ($100 mil perhaps )...

It could be true that countries are also competing to amass Bitcoin, I had a discussion with this with a friend asking if I still on crypto and hold Bitcoin I said yes. Because in the last bull run he is in crypto but more on altcoins.

But in this cycle, he didn't invest but rather go with Gold. So there is a little back and forth between us but we all agree that US and China are going into Bitcoin specially China because they want to compete with US and we really don't know how much they hold as they remain secret on it.

So if there is competition between them, what more on other big nations as well like UK, Japan or even Germany?

[Powerjumboo]

It may sound unbelievable, but the first Bitcoin Receipts, who died in 2014, made exactly the same comment about Bitcoin: "Today or tomorrow, Bitcoin will reach $10 million one day." He predicted such a price for Bitcoin based on a prediction that the value of the dollar would likely decline. However, the value of the dollar is currently slowly decreasing due to the printing supply of dollars (inflation). The more intense the dedollarization, the more the price of Bitcoin will increase. If Hal Finney were alive, he would have said that the current price of Bitcoin is just the beginning, that is, its $10 million milestone.

Do you think Hal Finney's prediction, even if unrealistic, is likely to come true?

We all know that the total supply of Bitcoin is 21 million. If the total supply of Bitcoin is 21 million and the world population is more than 8.1 billion, then imagine how much Bitcoin will be available per person. Moreover, the way Bitcoin is increasing day by day, it can be predicted that there will come a time when people will not have enough money to buy a Bitcoin, then it can be seen that depending on the popularity of people and the capacity and demand of people, the price of Bitcoin in this world can reach 10 million dollars, but maybe it will not take long. I think that the prediction that Hal Finney has made here will not be unrealistic, one day or another it will definitely become a reality and on that day we will probably pay homage to Hal Finney for his prediction.

[philipma1957]

It may sound unbelievable, but the first Bitcoin Receipts, who died in 2014, made exactly the same comment about Bitcoin: "Today or tomorrow, Bitcoin will reach $10 million one day." He predicted such a price for Bitcoin based on a prediction that the value of the dollar would likely decline. However, the value of the dollar is currently slowly decreasing due to the printing supply of dollars (inflation). The more intense the dedollarization, the more the price of Bitcoin will increase. If Hal Finney were alive, he would have said that the current price of Bitcoin is just the beginning, that is, its $10 million milestone.

Do you think Hal Finney's prediction, even if unrealistic, is likely to come true?

We all know that the total supply of Bitcoin is 21 million. If the total supply of Bitcoin is 21 million and the world population is more than 8.1 billion, then imagine how much Bitcoin will be available per person. Moreover, the way Bitcoin is increasing day by day, it can be predicted that there will come a time when people will not have enough money to buy a Bitcoin, then it can be seen that depending on the popularity of people and the capacity and demand of people, the price of Bitcoin in this world can reach 10 million dollars, but maybe it will not take long. I think that the prediction that Hal Finney has made here will not be unrealistic, one day or another it will definitely become a reality and on that day we will probably pay homage to Hal Finney for his prediction.

I do not have to imagine the amount per person.

21,000,000/8,100,000,000=0.00259

that is 0.00259 coins a person if it was split up equally

or 259,000 sats a person