[2014-05-14] Could One Bitcoin Come To Be Worth $1 Billion?

[_smudger_]

http://www.investopedia.com/articles/investing/051414/could-one-bit

[passionsurf]

"404: Page Not Found"

I'd like to read this article. But I have my doubts that a bitcoin would be worth that much. I think overall people would get frustrated in doing transactions with so many zeros after the decimal and would prefer to switch to a coin like dogecoin or litecoin instead.

[TraderTimm]

The press section has gone downhill. You'd think copy-and-pasting a URL wouldn't be such a task.

http://www.investopedia.com/articles/investing/051414/could-one-bitcoin-come-be-worth-1-billion-qa.asp

Its an interview with Gil Luria, Managing Director at the Los Angeles, California-based investment bank Wedbush Securities.

[bryant.coleman]

Absolute BS. If one Bitcoin becomes equal to $1 billion, that means that the total market cap of the Bitcoin becomes $21,000 trillion. That is 100 times the world GDP. Not possible either theoretically or practically.

[LiteCoinGuy]

Topic: No?  

[bitsmichel]

to the moon 

[RodeoX]

I treat these projections like the estimates of bitcoin going to zero.  Very stupid guesses.

[LiteCoinGuy]

to the moon 

and beyond!

[thezerg]

some typo in the URL... if you RTFA it indicates the possibility of 1 BTC going to 1 million of ALL international exchange used it exclusively.
"Billion" is never mentioned.

[odolvlobo]

"Billion" is never mentioned.

The original article used "billion" instead of "million", and it was changed later.

[giszmo]

Absolute BS. If one Bitcoin becomes equal to $1 billion, that means that the total market cap of the Bitcoin becomes $21,000 trillion. That is 100 times the world GDP. Not possible either theoretically or practically.

funny how nobody bothered to set you right.
if btc or usd goes to zero aka dies of any not splitsecond event the other would go to infinety expressed in the former. While going to infinity it would eventually pass the billion without much drama. Who wants a billion worthless dollars?

anyway, billion was never mentioned there apparently.

[oXo]

This now exceed the level of over-estimation (10,000) and extra optimism (1,000,000) to super-optimism but if it actually did I wouldn't complain (1,000,000,000,00)

[polunna]

This now exceed the level of over-estimation (10,000) and extra optimism (1,000,000) to super-optimism but if it actually did I wouldn't complain (1,000,000,000,00)

You're right! You developed the right formula 

[zeetubes]

Absolute BS. If one Bitcoin becomes equal to $1 billion, that means that the total market cap of the Bitcoin becomes $21,000 trillion. That is 100 times the world GDP. Not possible either theoretically or practically.

funny how nobody bothered to set you right.
if btc or usd goes to zero aka dies of any not splitsecond event the other would go to infinety expressed in the former. While going to infinity it would eventually pass the billion without much drama. Who wants a billion worthless dollars?

anyway, billion was never mentioned there apparently.

Another aspect is that transactions in the FX markets are $3-5T each business day.

[dree12]

Absolute BS. If one Bitcoin becomes equal to $1 billion, that means that the total market cap of the Bitcoin becomes $21,000 trillion. That is 100 times the world GDP. Not possible either theoretically or practically.

funny how nobody bothered to set you right.
if btc or usd goes to zero aka dies of any not splitsecond event the other would go to infinety expressed in the former. While going to infinity it would eventually pass the billion without much drama. Who wants a billion worthless dollars?

anyway, billion was never mentioned there apparently.

This argument is ridiculous... I could say, "Could the price of sand reach $1 B per grain?" and answer "yes", only because this is true for everything. The question "Could Bitcoin come to be worth $1 billion?" clearly does not intend to mean "Could USD ever fall to 0.000000001 BTC?". That is an incorrect interpretation.

Note also the question asks "Could Bitcoin come to be worth $1 billion", which implies real valuation.

[shawshankinmate37927]

Absolute BS. If one Bitcoin becomes equal to $1 billion, that means that the total market cap of the Bitcoin becomes $21,000 trillion. That is 100 times the world GDP. Not possible either theoretically or practically.

What's the world GDP measured in Zimbabwe Dollars?

[patricktim]

Sure , why not?

[bryant.coleman]

What's the world GDP measured in Zimbabwe Dollars?

lol.... the Zimbabwean dollar is no longer used as a currency, after it was withdrawn in 2009. Now the most popular uses of the Zimbabwean dollar are:

1. Toilet Paper
2. Land-fill
3. Emergency fuel

[shawshankinmate37927]

lol.... the Zimbabwean dollar is no longer used as a currency, after it was withdrawn in 2009. Now the most popular uses of the Zimbabwean dollar are:

1. Toilet Paper
2. Land-fill
3. Emergency fuel

You mean to tell me I can't even buy one bitcoin with my life's savings of 50 quadrillion Zimbabwean dollars that I diligently saved and stuffed under my mattress?

I guess it's a good thing that the market would never allow the USD to suffer that same fate.

[bryant.coleman]

You mean to tell me I can't even buy one bitcoin with my life's savings of 50 quadrillion Zimbabwean dollars that I diligently saved and stuffed under my mattress?

lol... I wasn't saying that the Zimbabwe Dollar is completely worthless now. There is some demand from the coin / bill collectors. A 100 trillion ZD bill can fetch you $2-3 if you auction it in the Ebay. So... going by that.... your 50 quadrillion Zimbabwean dollars would fetch you some $1,000 to $1,500, if auctioned. So.. be happy. You can buy around BTC3 with your Zimbabwean dollar stash.