"You have a supply-demand equation here that is mindboggling to me," Moas said. Bitcoin has a limited supply of 21 million tokens, which is expected to be reached only in the next century.
But Bitcoin's growing popularity and acceptance among users to carry out financial transactions could mean a wider adoption in the future — and greater demand for the cryptocurrency. According to Moas, in a few years, there could be about "200 million people around the world trying to get their hands on a few million bitcoin." That, he said, would drive the price to $50,000 per token.
But Bitcoin's growing popularity and acceptance among users to carry out financial transactions could mean a wider adoption in the future — and greater demand for the cryptocurrency. According to Moas, in a few years, there could be about "200 million people around the world trying to get their hands on a few million bitcoin." That, he said, would drive the price to $50,000 per token.
i think most people who have been in the bitcoin scene for a couple years have come to this conclusion. he's right that the supply-demand equation is mind-boggling, which leads one to ask: how the hell does he come up with "$50,000 per token?" with the kind of demand he's referring to, we could be looking at six or even seven figures per BTC.
but nobody really knows. it's impossible to predict future demand. for all we know (as unlikely as it might be), some altcoin might emerge and overtake BTC in global demand. or basic protocol flaws being exposed could bring make its value plummet. who knows?
