Topic: A recent Wall Street Journal article about $1 Million = 1 BTC possibility! - page 4. (Read 5271 times)
April 02, 2014, 11:25:06 PM
I don't see how that could be humanly possible, but could you imagine the thefts that would occur on a daily basis? People would be kidnapped and held ransom for their btc wallets
April 02, 2014, 10:57:34 PM
I can't imagine it happening anytime in near future. Let's get realistic. The total value of all $$$ in circulation is only about $1.27 trillion. Even in some extremely unlikely scenario the BTC is able to overtake the USD, even then the value will be much lower than $1 million. Here is why.
Value of 1 BTC = 1.27 trillion / 21 million = $60,476.
Value of 1 BTC = 1.27 trillion / 21 million = $60,476.
For btc to reach $1 Million mark, there will need to be adaption on a truly global scale.
Another point to note here is that Just two U.S companies 'APPLE' and 'EXXON Mobil' combined are worth nearly $1 trillion in Market capitalization. Souce: http://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization
April 02, 2014, 10:52:49 PM
I can't imagine it happening anytime in near future. Let's get realistic. The total value of all $$$ in circulation is only about $1.27 trillion. Even in some extremely unlikely scenario the BTC is able to overtake the USD, even then the value will be much lower than $1 million. Here is why.
Value of 1 BTC = 1.27 trillion / 21 million = $60,476.
Value of 1 BTC = 1.27 trillion / 21 million = $60,476.
I believe you are off by a long shot the total world 'currency' ( USD isnt the total world currency, and bitcoin is a 'global' currency)value is about 77 trillion. making 1 bitcoin well over 1 million usd each.
April 02, 2014, 10:36:32 PM
I can't imagine it happening anytime in near future. Let's get realistic. The total value of all $$$ in circulation is only about $1.27 trillion. Even in some extremely unlikely scenario the BTC is able to overtake the USD, even then the value will be much lower than $1 million. Here is why.
Value of 1 BTC = 1.27 trillion / 21 million = $60,476.
Value of 1 BTC = 1.27 trillion / 21 million = $60,476.
April 02, 2014, 10:31:55 PM
April 02, 2014, 10:31:31 PM
eventually the banks will come up with their own universal form of payment, its just a matter of time.
Right, and the people of the world will JUMP at the opportunity to be fucked into neo-slavery by the banks a second time around. 
April 02, 2014, 10:29:32 PM
Let's concentrate on 1000 first wtf
April 02, 2014, 10:25:12 PM
$1 million x 12 million BTC = $12 trillion market capitalization? 
It's maybe possible that digital currencies could be worth $1 trillion in the far distant future but I see that being split between a dozen or so coins.
It's maybe possible that digital currencies could be worth $1 trillion in the far distant future but I see that being split between a dozen or so coins.
1T market cap seems very feasible and it could happen in a decade.
Yes, that's why 1 btc = $100,000 is more likely compared to 1 btc = $1 Million.
April 02, 2014, 10:23:38 PM
keep dreaming. with a limited supply of only 20 mil it will likely take decades, if it survives that long.
eventually the banks will come up with their own universal form of payment, its just a matter of time.
eventually the banks will come up with their own universal form of payment, its just a matter of time.
They already have...it's fiat currency and it's destroyed economies and wrecked planets and bankrupted societies and it has failed in every nation who adopted it.
Once general society understands they're not obligated to use a forced currency and can choose, the only thing they will choose is the secure bitcoin that gives them back their power, control and wealth.
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April 02, 2014, 10:20:07 PM
1T market cap seems very feasible and it could happen in a decade.
April 02, 2014, 10:14:55 PM
keep dreaming. with a limited supply of only 20 mil it will likely take decades, if it survives that long.
Well, I wouldn't mind stashing a few bitcoins on a paper wallet in my vault for a decade.
April 02, 2014, 10:10:44 PM
$1 million x 12 million BTC = $12 trillion market capitalization?
It's maybe possible that digital currencies could be worth $1 trillion in the far distant future but I see that being split between a dozen or so coins.
It's maybe possible that digital currencies could be worth $1 trillion in the far distant future but I see that being split between a dozen or so coins.
April 02, 2014, 10:05:08 PM
Hmmm, I'll drink whatever he's drinking ...
April 02, 2014, 09:59:37 PM
keep dreaming. with a limited supply of only 20 mil it will likely take decades, if it survives that long.
eventually the banks will come up with their own universal form of payment, its just a matter of time.
eventually the banks will come up with their own universal form of payment, its just a matter of time.
April 02, 2014, 09:56:52 PM
but now is only $430.
Absolutely! And the price was just half a cent five years ago (mid to late 2009)!
April 02, 2014, 09:51:22 PM
but now is only $430.
April 02, 2014, 09:47:57 PM
That brief article is really nice, but some people are posting negative comments on it.
just Google "wsj Bitcoin Price…to $1 Million?"
just Google "wsj Bitcoin Price…to $1 Million?"
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