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Author Topic: It's year 2050 and Bitcoin is the world currency...  (Read 5100 times)
mistercoin
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March 06, 2015, 02:07:52 PM
 #81

What will happen then is the value will go higher and higher to compensate for demand. What is 5 cents now could be worth $5 or higher. If you think about it, if the world over time, moved to Bitcoin as a unified currency, there would need to be a massive value increase for over 7 Billion people to be able to use. That would make even 0.000001BTC valuable in today's terms Smiley

allthingsluxury
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March 06, 2015, 05:23:10 PM
 #82

Supply and demand 101, inflation would rage and the price would catapult higher.

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March 06, 2015, 05:28:29 PM
 #83

I highly doubt that will happen. I think Bitcoin will become a world Currency but the price wouldn't rage higher to be honest.
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March 06, 2015, 05:49:48 PM
 #84

I highly doubt that will happen. I think Bitcoin will become a world Currency but the price wouldn't rage higher to be honest.

The market cap of bitcoin is less than $4 Billion. If it becomes the world's reserve currency that will not be sufficient for a large city, much less the world.

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March 06, 2015, 05:52:38 PM
 #85

I highly doubt that will happen. I think Bitcoin will become a world Currency but the price wouldn't rage higher to be honest.

The market cap of bitcoin is less than $4 Billion. If it becomes the world's reserve currency that will not be sufficient for a large city, much less the world.

6 years dude, Bitcoin has more VC investment capital and development than the Internet had in the early 90's...

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