Topic: Bitcoin 1 mln $ possible? - page 8. (Read 750 times)
The GDP of all countries in the world in 2016 amounted to 119.4 trillion US dollars (CIA World Factbook). The number of bitcoins at the moment is about 17 million. If each bitcoin will costs $ 1 million, then its capitalization will be 17 trillion. (14.2% of world GDP). However, we do not take into account the capitalization of altcoins (today BTC Dominance is only 37,5%). Therefore, most likely, such price of bitcoin by 2020 is impossible.
With 1 mil $ value for a piece it would have above 17 trillion $ of value for a current supply which is very high for a period of 1 and a half years.
I think that needs more time for that.
I think that needs more time for that.
Hey guys, do you think bitcoin can reach 1 million $ until 2020? If so, everyone who hold crypto will become a rich person, that’s nice!
everything is possible but i think bitcoin can't reach 1 million in 2020
its too hard and sounds unreasonable for me
but, 100K - 150K is more reasonable for me in 2020
It's really possible.Bitcoin had less value than 1 usd in the past and it has made x7600 times value. its only possible if it brought more and more investors.The cryptocurrency world has like 1% of the total investments on earth, if we made it to like 10-40% of the investments that really exists then 1m is just less than my expectations.
If this happen, I will not be surprised. Because if you look back to the track of btc price, you can guess a lot that what is possible or not.
Good plan! We all should hodl together till 2020 
$1m is simply not possible, we can't even break $10.000 what are you really talking about 
$1m is simply not possible, we can't even break $10.000 what are you really talking about
One million dollars for bitcoin in 2020? More like the delusional predictions of "bitcoin prophets" manipulating the market in their own interests. I think that 35,000$ per BTC in 2020 is a real deal.
I do not think that by the end of 2020 bitcoin will reach 1000000$. it is necessary to realistically assess the possibilities of bitcoin.
Hey guys, do you think bitcoin can reach 1 million $ until 2020? If so, everyone who hold crypto will become a rich person, that’s nice!
Anything is possible but I personally don’t think it’s going to happen. The whole cryptocurrency market is still in a recovery that could last well into next year.
I think 1 million could eventually happen in the future, but I would predict that it will take at least 10 years for that to happen. There needs to be more mainstream adoption and more institutional investing to get to that point.
Oh, its too naive to think that it will happen, especially in the near future.
Bitcoin didn't gain enough level of trust. Right now nothing can really change. Unfortunately, we will see just small fluctuations of btc, nothing more
Bitcoin didn't gain enough level of trust. Right now nothing can really change. Unfortunately, we will see just small fluctuations of btc, nothing more
Yeah $1mln is just too unrealistic
People are too consumed too much by hype these days.
Hey guys, do you think bitcoin can reach 1 million $ until 2020? If so, everyone who hold crypto will become a rich person, that’s nice!
I dont think so. It may cross 30,000$ if very lucky until 2020 to my personal believe but one million is too much.
Oh, its too naive to think that it will happen, especially in the near future.
Bitcoin didn't gain enough level of trust. Right now nothing can really change. Unfortunately, we will see just small fluctuations of btc, nothing more
Bitcoin didn't gain enough level of trust. Right now nothing can really change. Unfortunately, we will see just small fluctuations of btc, nothing more
1 million $ is too much to think that a single unit of currency can have this value. And besides bitcoin is very volatile, it hardly has reached 20K $ and get back to 7K $. So i think it would be impossible for Bitcoin to reach 1 million.
Hey guys, do you think bitcoin can reach 1 million $ until 2020? If so, everyone who hold crypto will become a rich person, that’s nice!
no
Hey guys, do you think bitcoin can reach 1 million $ until 2020? If so, everyone who hold crypto will become a rich person, that’s nice!
No, i don't think bitcoin will reach 1million $ at that time, you are talking about 4 years to this time remember that anytime bitcoin grow rapidly there will be a correction.
I don't think so.
$1mln is still too much and bitcoin is still too volatile right now.
$1mln is still too much and bitcoin is still too volatile right now.
Hey guys, do you think bitcoin can reach 1 million $ until 2020? If so, everyone who hold crypto will become a rich person, that’s nice!
Jump to: