My prediction with a simple calculation that compares the bitcoin market cap bitcoin and gold market cap.
current bitcoin market cap = $ 199 B
current gold market cap = $ 8.2 T
current bitcoin price = $ 11,872
$ 8.2 T / $ 199 B = 41.2
bitcoin need 41.2 times current market cap to reach the gold market.
Possible price is
41.2 x 11.872 = $ 489,197
With very fast bitcoin growth, $ 1M / btc may still be practically reasonable.
Topic: [2017-05-24]Bitcoin Will Hit $1 Million in 5-10 Years, Says PayPal Director (Read 26687 times)
January 28, 2018, 07:48:57 AM
January 28, 2018, 06:16:36 AM
This prediction is absolutely outrageous and seem unrealistic to me, mathematically his predictions is liked or based on exponential increment in the price of bitcoin although in 5 to 10 years the price will surely increased but cannot hit the $1 million predicted mark even with more global adoption of bitcoin.
You are right. We just don't have enough cap in the world to beat this target. 
January 28, 2018, 02:37:17 AM
This prediction is absolutely outrageous and seem unrealistic to me, mathematically his predictions is liked or based on exponential increment in the price of bitcoin although in 5 to 10 years the price will surely increased but cannot hit the $1 million predicted mark even with more global adoption of bitcoin.
January 27, 2018, 11:44:43 AM
Since the global adoption is still low, the chances is very high. We seldom see "crypto accepted here" globally at majority of the shop around us... The rate already raise from few cents to more than $20,000.
January 26, 2018, 07:22:27 AM
If this where possible it could mean very few people would be using bitcoin and am afraid such high prices could close buying opportunities for small investors and those that cant afford to buy the btc will be forced to use other cryptocurrencies.
I also think 10 Years is not enough time for the btc market to grow to a million dollars as we are only one hundredth of the prediction
I also think 10 Years is not enough time for the btc market to grow to a million dollars as we are only one hundredth of the prediction
January 26, 2018, 05:10:05 AM
If you want people to take you serious, then at least put some effort into making yourself not look like a clown. It's pointless to speculate about such insanely high prices while we haven't even been close to reaching the $10,000 level yet. If he would say that we would reach $10,000 within 10 years, I would strongly support his statement, but how can I do that with $1 million? Other than that, I do agree with his statement that people should allocate a certain percentage of their wealth to Bitcoin. People have been looking at the price reaching $1300, $1400, $1500, $1600, etc, and started thinking it was too late to invest - look where we stand right now, it's never too late!
I agree with you, $1 Million seems unrealistc, but $10k 5-10 years is quite possible.
But if we let us to indulge in fantasies for a while we can try to imagine what will happen if bitcoin will replace all the money in the world. There are roughly $75 trillion in the world right now. Since it is a very rough estimation say we have 20 million BTC.
75 trillion / 20 million = 3.75 million
So in that case 1 bitcoin will be worth of $3.75 million.
Hello guys!
So what is your forecast about replacing all money with Bitcoin?
What will be the price then?
Is it possible? Do you have an interest in it for now?
July 27, 2017, 05:44:25 PM
If only this would be true. I could set my entire family FREE giving a bitcoin to each member.
July 26, 2017, 10:50:37 AM
Very aggressive predictions...I do hope it will be true. this way i can retire and travel the world!
July 26, 2017, 07:20:39 AM
Anything is possible. Bitcoin is an item of interest now. More and more people talk about it. So, let's see where the story goes. Who knows? This is what the world is waiting. Can Bitcoin fight corruption? Can Bitcoin improve the quality of education? Answer yes to these questions and there's no doubt in my mind a bitcoin is worth more than a million.
July 26, 2017, 07:06:39 AM
I wish this will be true, lmao, I'd be so happy if it happens. Regardless, the bitcoin is in an ascending phase, and it is just the beginning, so it's always good to hold on to it.
Yes, I would also agree if it happened. But I doubt that any asset can reach such a high price. Even with the fact that the number of coins is limited now it seems unlikely that bitcoin will once be so expensive
July 26, 2017, 01:40:51 AM
It is all fun and jokes while everything is going up but I also want to believe those people are not spewing numbers out of their asses randomly.
1million dollars/btc is just too high. Even in 10 years.
Price: $2674,83 Market cap: $43.736.244.299,00
Price: $1.000.000,00 Market cap: $16.351.037.000.108,42
A whooping 16 Trillion USD market cap.
Total Gold market is 8 Trillion USD. Is that realistic to you? Not to me. A realistic target should be around 50k$/btc at first, then we talk.
1million dollars/btc is just too high. Even in 10 years.
Price: $2674,83 Market cap: $43.736.244.299,00
Price: $1.000.000,00 Market cap: $16.351.037.000.108,42
A whooping 16 Trillion USD market cap.
Total Gold market is 8 Trillion USD. Is that realistic to you? Not to me. A realistic target should be around 50k$/btc at first, then we talk.
Very nice post with calculations. Shows have ridiculous hes claims are.
One would await better thought out press releases from upper management of huge modern company.
On other note, hate their (PayPal) guts because of their policies and customer - support relation .
July 26, 2017, 01:15:53 AM
lol, wish this come true, I can retire 10 years before planned, will be a wonderful thing to happen 
July 26, 2017, 01:11:11 AM
In don't know whether the guy is serious or not. Now let me ask a counter question. Since he is so confident about Bitcoin, is he ready to convert 90% of his investment portfolio in to crypto-currency? Because if what he claimed is true, then no other asset will give him the sort of returns that BTC is going to provide.
July 26, 2017, 12:08:49 AM
I wish this will be true, lmao, I'd be so happy if it happens. Regardless, the bitcoin is in an ascending phase, and it is just the beginning, so it's always good to hold on to it.
July 25, 2017, 04:23:09 PM
I would be very happy if it happened. But, unfortunately, so much the price is unlikely to rise.
Although, the crypto currency is difficult to predict. I'm sure that for several years nobody thought that the price of bitcoin could reach 3000 dollars
Although, the crypto currency is difficult to predict. I'm sure that for several years nobody thought that the price of bitcoin could reach 3000 dollars
July 25, 2017, 08:51:26 AM
I realise why it's worth mining at a loss. I was only breaking even in jan 2014 with my home mining rig mining litecoin and exchanging to bitcoin. If I had only kept going. I was disappointed to only be making 2 bitcoin a week! on reflection that wasn't too bad.
And by today current price, that 2 bitcoin a week would be huge. I guess you have save some don't you?
Well I'm still optimistic that bitcoin price could go high in the near future but realistically, I doubt it can even reach 1 Million. But I would say that like $10,000 up is more of a ceiling price for bitcoin. I like his prediction though and I want that to happen, but for me its too far fetch to touch that price in the future.
July 24, 2017, 04:57:02 PM
I realise why it's worth mining at a loss. I was only breaking even in jan 2014 with my home mining rig mining litecoin and exchanging to bitcoin. If I had only kept going. I was disappointed to only be making 2 bitcoin a week! on reflection that wasn't too bad.
July 23, 2017, 03:50:09 PM
$1 Million in 5-10 Years wow these are some serious numbers, how do we take him serious with his guesstimates!
To be honest I only see this as public motivation to get more investors to show an interest in cryptocurrencies and IMO he is doing a great job in his capacity as CEO of Xapo of preaching the bitcoin gospel.
To be honest I only see this as public motivation to get more investors to show an interest in cryptocurrencies and IMO he is doing a great job in his capacity as CEO of Xapo of preaching the bitcoin gospel.
Such forecasts are very unrealistic. They are more likely to scare off investors than attract. Often behind the loud headlines is a dummy.
Despite the fact that I am a bitcoin optimist, I do not believe that the price can reach such a high level
May 30, 2017, 02:52:51 PM
Based on what such conclusions? No one can predict the price of bitcoin a year from now, and then 5-10 years, and such a price. I think someone has invested a large sum of money in bitcoin and such predictions is trying to heat up the market.
Reality Is there any statement such people do this already can be accurately told who and how Bitcoin survived a good investment. And it seems to me that their long-term prospect of earning more revenue already wants in the near future, because such short terms would not be sounded. May 30, 2017, 12:34:49 PM
Based on what such conclusions? No one can predict the price of bitcoin a year from now, and then 5-10 years, and such a price. I think someone has invested a large sum of money in bitcoin and such predictions is trying to heat up the market.
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