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Is it a wild guess or what? Any reason why you come up with that thoughts? But, if people will accept and engaged cryptocurrency world, yes maybe it's more realistic that Bitcoin can reach that 1 million. Although, many people knew it already it's a stepping stone for cryptocurrency world and it's not that impossible.
In the next 10 years, the new all-time-high of bitcoin will be somewhere between $4,000 and $12,000USD.
In the next 15 years the new all-time-high of bitcoin will be between $6,000 and $18,000USD.
In the next 15 years the new all-time-high of bitcoin will be between $6,000 and $18,000USD.
Any reason why you said it? Any supporting details why bitcoin will reach this amounts in this certain time? Or this is just a wild guess. Oh well 10 years is too long to remember what you said here, what more is that 15 years. Though I believe Bitcoin will break $2000 this year.
$1M bitcoin is unrealistic.
Absolutely BTC will hit a million $$$ (what we call a dollar today which will be different 5 years from now)... it is a deflationary store of wealth ... when the stock, bond, and real estate bubbles pop in the next year it will be silver, gold, and bitcoin mainly. .. no one will go back to fiat based debt currency and bitcoin is one of the sure thing cryptos ... i expect ETH and VERI (Veritaseum Veritas) to go to a million $$$ as well (unless ETH actually blends with VERI in a few years)
I think that by the time 1 Bitcoin reaches such a high value, any other FIAT currency will be measured against BTC rather then against the US Dollar. By then the dollar will no longer hold much value. I think this is the more realistic scenario.
You've been watching too many movies. If Bitcoin at some point forms a serious danger to the economy from the view of the governments, they will take all necessary steps to prevent it from going that far. Do you seriously think that governments will let it come that far? Also -- value is one thing, actual usage throughout the world is completely different. Bitcoin is like gold, but then with more features, and a far better form of usability. If its price goes up madly, then not much will change in terms of fiat currencies. Everything will remain exactly the same.
I actually very much agree with you. My point was, in a roundabout way, that bitcoin reaching $1million dollars is very unlikely within our life time due to the same reasons you stated above.
I think that by the time 1 Bitcoin reaches such a high value, any other FIAT currency will be measured against BTC rather then against the US Dollar. By then the dollar will no longer hold much value. I think this is the more realistic scenario.
You've been watching too many movies. If Bitcoin at some point forms a serious danger to the economy from the view of the governments, they will take all necessary steps to prevent it from going that far. Do you seriously think that governments will let it come that far? Also -- value is one thing, actual usage throughout the world is completely different. Bitcoin is like gold, but then with more features, and a far better form of usability. If its price goes up madly, then not much will change in terms of fiat currencies. Everything will remain exactly the same.
I'm still leaning towards my $10k towards the end of this year or early next year (after which it will fall) and then sometime around 2020 I expect it to have passed $40k (actually expect it much higher but I'm trying to make reasonable predictions here).
You guys seriously need to look into commodities and fractals. I would recommend reading "The Misbehavior of Markets: A Fractal View of Financial Turbulence" by Mandelbrot. Then, drop any notion of modern finance you know because you can't model risk, the 1987 stock market crash was just under 21 standard deviations away from the norm and it affected everything. The stock market is a gamble and the next time a 1987 event occurs, there's two guarantees: we're not going to have the same US president, and people are going to invest in something other than the stock market and traditional financial vehicles for a very long while.
Unlike in 1987, there's nothing today to be optimistic about.
You guys seriously need to look into commodities and fractals. I would recommend reading "The Misbehavior of Markets: A Fractal View of Financial Turbulence" by Mandelbrot. Then, drop any notion of modern finance you know because you can't model risk, the 1987 stock market crash was just under 21 standard deviations away from the norm and it affected everything. The stock market is a gamble and the next time a 1987 event occurs, there's two guarantees: we're not going to have the same US president, and people are going to invest in something other than the stock market and traditional financial vehicles for a very long while.
Unlike in 1987, there's nothing today to be optimistic about.
I don't know on how much the market cap of bitcoin needs to be by that time. It's like a dream or should I say it's truly a dream and it's going to be hard that it will happen. But I'm not saying that it is impossible to happen because if we will think about the past, people are buying bitcoins while the price is still at one or digit but they did speculated and believed that the price can get up to a thousand.
If many people are supporting bitcoin maybe 1m prediction can be reach in the future,. it will be still depends in the development about bitcoin.. If more country that bitcoin will be legalized the same as japan country maybe we can see a large improvement of the price of bitcoin..
Since we already have a price cheap before and touch at $1k fast last 2013 and now are touch back to $1k value and stay hoping these coming months that we can see the price of bitcoin can be touch at $2k value supporters for bitcoin are increasing day by day so this prediction can be possible..
1m$ per btc will just a legend or just a dream prediction since i believe majority of people can taKe to hold for more longer and I think their are some sort of people would love to see some pump and dump scheme so 1m$ predicted price is pretty unreachable at the moment.
Maybe many decades will pass for it before it will reach to that one but the question is are we still alive at that moment to witness that big breakthrough on it?
. I don't know on how much the market cap of bitcoin needs to be by that time. It's like a dream or should I say it's truly a dream and it's going to be hard that it will happen. But I'm not saying that it is impossible to happen because if we will think about the past, people are buying bitcoins while the price is still at one or digit but they did speculated and believed that the price can get up to a thousand.
If many people are supporting bitcoin maybe 1m prediction can be reach in the future,. it will be still depends in the development about bitcoin.. If more country that bitcoin will be legalized the same as japan country maybe we can see a large improvement of the price of bitcoin..
Since we already have a price cheap before and touch at $1k fast last 2013 and now are touch back to $1k value and stay hoping these coming months that we can see the price of bitcoin can be touch at $2k value supporters for bitcoin are increasing day by day so this prediction can be possible..
I don't know on how much the market cap of bitcoin needs to be by that time. It's like a dream or should I say it's truly a dream and it's going to be hard that it will happen. But I'm not saying that it is impossible to happen because if we will think about the past, people are buying bitcoins while the price is still at one or digit but they did speculated and believed that the price can get up to a thousand.
In the next 10 years, the new all-time-high of bitcoin will be somewhere between $4,000 and $12,000USD.
In the next 15 years the new all-time-high of bitcoin will be between $6,000 and $18,000USD.
In the next 15 years the new all-time-high of bitcoin will be between $6,000 and $18,000USD.
Do you promise?
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Just one key explanation to make it plausible if one big and influential country in the world accommodates bitcoin as legal tender will make bitcoin price increase by 20%, just waiting for news from four big countries to make price prediction come true.
Japan recently legalizing bitcoin and the price increase was because there was more investments coming into bitcoin from the Japanese market and so is the reason we had a good rally.What all countries will be legalizing bitcoin in the near future and the main thing is whether we can expect more investments from these countries to see another rally.I agree the price of bitcoin will definitely increase due to country adoption and several companies joining bitcoin economy but 1M BTC is too unrealistic for me. The reason is that, the market cannot support this kind of price. Probably 10k USD or 50k USD is realistic but 1M is too much.
Just one key explanation to make it plausible if one big and influential country in the world accommodates bitcoin as legal tender will make bitcoin price increase by 20%, just waiting for news from four big countries to make price prediction come true.
Japan recently legalizing bitcoin and the price increase was because there was more investments coming into bitcoin from the Japanese market and so is the reason we had a good rally.What all countries will be legalizing bitcoin in the near future and the main thing is whether we can expect more investments from these countries to see another rally.
The $1 million prediction seems unrealistic at present but it may happen. $1 million per bitcoin makes total of $21 trillion. Let me put some figures. At present the world GDP is almost $122 trillion. Unorganized sector which account for more than half of the world population is not even calculated in it. Many people in the world have not even access to banks. Bitcoin will give them bank account and let all humanity run their own business on global market for the first time. This is the power of bitcoin. This will make those other half count. Every villager in the amazon or congo can start up a business on some kind of global ebay and have no barriers to getting funds into his hands and spending them. Mankind's output would go exponential. GDP will be measured in Quadrillions or Septillions of dollars. So, yes it can be possible.
i can't think bitcoin price will reach a million dollar in value, if that happens, imagine every transaction fee will be so high and we can even move dust amounts, so it only means we need to transfer atleast $1,000 in btc value and pay like the same amount as transaction fee. no no no
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