Topic: BITCOIN PRICE IN 2050 - ACCORDING TO VITALIK BUTERIN! - page 2. (Read 295 times)

It's only a prediction you don't have to believe in what everybody says here. This can be a good estimation but after the 13,000% typo the prediction seems inaccurate imo.

Another typo. 22 years from now is 2040. The prediction feels a bit rushed with some of these typos.

Maybe OP had a different perspective with the numbers. A 1% increase in the world GDP is equal to a 100% increase to bitcoin's price. 

singularity....tech will move so fast in the next 30 years the world could be night and day to what it is now, bitcoin could still have its place but it could be completely different...

who knows, but i honestly dont think the crazy predictions are that outlandish when you look at the current fiat system

i still think one of the biggest driving factors of crypto currency adoption is global financial instability, people forget about cryphrus in 2013, if that happens on a bigger scale in europe...bitcoin price will rip so hard and so fast it will be insane

forecasting 30 a price 30 years into the future is very difficult. A human could not take into account all the different variables that could impact price in the distant future.

Impossible to even make a prediction a couple of years into the future and now we are going for 2050? Nobody can accurately even make a prediction for the end of this year, yet we want to extrapolate that far? Please give me a break.

He's speculating, no one knows what will happen beyond these years.
Vitalik is also well known because of ETH and he can say whatever he want to say. But I like what you said, let's wait if satoshi will come out soon. 

I think you typed a couple of extra zeroes buddy lol. It's a sound assumption, but we're way past 30% growth from 2016 levels.

Either way, you shouldn't be deciding what to do based on other people's predictions. You may use their reasoning as a deciding factor, but pushing through blindly is only going to end in disaster. This would have been a very compelling argument for hodling if the numbers were right lol.

me too, there is a good chance I wont be around to see this but
hopefully some of the BTC I earn, trade and buy now will be in
the hands of my descendants.

we all know this is speculation based on a theory which sounds
feasible and could yield big returns on todays achievements.

I firmly believe BTC will be around in 2050, thats another 32
years so anything can and will happen.

By 2050, Bitcoin can be everything or nothing. 2050 is way too far to be predicted, so many regulations can be till then. So many cases.
Who knows? Maybe Satoshi Nakamoto will pop out and expose his rabbit from the hat? The one thing that Vitalik knows about 2050 is that he knows nothing. It might be his vision to achieve all those goals but 30 years can do a lot, 30 years ago the internet was nothing. Today? It's everything!
So yea. My vision is that Bitcoin will become a wealth for rich people (like holding apartment) and there will be cryptocurrencies that will be made by countries. USA's blockchain, China's blockchain and of course many platforms that will allow trading, exchanges and etc. I do believe cryptocurrencies and blockchain will big a big part of this world, especially blockchain. But it's my vision, nothing more than that.

I don't even think this statement of OP deserves an attention or not but let me look at it, if he meditates to it. VITALIK BUTERIN!is a nobody compared to satoshi nakamoto or even admin theymos Himself, LOL, i don't care whoever announces what would be the price in the future unless it is satoshi nakamoto Himself announce it! Get it? sorry for my words.

I thought that vitalik is too busy to make some price speculations.
Personally I am against any price predicting because I believe it's impossible to predict whether something will go up or down.
The are so many factors, such as regulators, satoshi nakamoto, stock market bubble, and etc.
There is simply no way of knowing the future of bitcoin and those who are trying to do that are totally gamblers,.

Dude, 130% increase is not the same at all as x130 increasw. That's just a 2.3x increase. By that estimate, Bitcoin price would be just under $2,300 in 2050... Perfectly plausible by me! Can't view the video yet as am on extremely poor mobile, but pretty sure you jumped the gun here.

In any case, if we're accepting this sober view as evidence of Buterin's economic nous, then my small comfort is that I should probably be dead by 2050, having either sold all my bitcoin or left it as inheritance.

Well if this things happens the holders now are really one of the billionaires soon, I think there will be a lot of billionaires people because of bitcoin soon if this prediction will come to be done soon in 2050. I know that everything is possible but let's always consider that we are humans and we are not perfect all our expectations and predictions sometimes are not perfect.

I'm not really encouraging people to hodl coin to 2050 , thats so long. No coin will go straight to $1,000,000 at no time. It gradually will climb and fall.

I don't believe in long-term forecasts. How can Vitalik know what will happen until 2050? If for any reason it will crash the US economy? Or will China try to attract investments through bitcoin?. This can have a very significant impact on the price of bitcoin. I don't care what happens. The main thing that the bitcoin live.

I might not be alive to see this but I am sure my descendants will be very pleased if this outcome arises. I am not a fan of price predictions myself because I have seen many false claims attached to the price of Bitcoin, but this seems much more realistic to me after a 22-25 year time span, than people claiming Bitcoin will be half a million USD by the end of 2020. Bitcoin should survive as a an asset type of currency  and as it was the very first DIGITAL CURRENCY it claims that status. As to what portion though of the market cap it will hold by then, it will be very interesting to see and also what other altcoins, IF ANY, will overtake it with their new technological enhancements.

Here’s Vitalik Buterin giving his long term outlook for BTC and LTC/other alts, which he thinks will likely go up in value long-term by at least the amount that world GDP increases - in a fascinating 4 minute video answer to a question from Felix, courtesy of ThomasJulianMiller:
https://youtu.be/VosfxChTxVg

And what is the prediction for the rate of increase in world GDP in the long-term. Here’s a comprehensive PwC report that predicts the world GDP will increase 130% by 2050, from its 2016 levels:
https://www.pwc.com/gx/en/issues/economy/the-world-in-2050.html

So taking BTC’s price at end-2016 of $950, and assuming Buterin is right that it’s price will rise at the rate of world GDP - then the projected BTC price in 2050 would be $123,500 ($950 x 130)! That’s a 13,000% increase on the $950 2016 price, and a nice 1,280% increase on today’s $9,640 price!  And I’m sure all of us who are in the first 0.5% of the world’s early adopters of Bitcoin and crypto would love to see a price like that for BTC in 2050, which is only 22 years away!

But there’s more! The price of BTC and the successful alts should also increase by at least one more multiple, as use of BTC and alts and investment in them penetrates 10% or more of the world population - as is likely to have happened by then especially in the E7 nations. So a BTC price of $1,000,000 or more by 2050 ($124K*10=$1.24M) is not an unreasonable prediction, factoring in world growth plus BTC’s organic growth - and that $1M price would be a whopping 105,250% increase on the 2016 price, and a very nice 10,375% increase on today’s BTC price!

And if Buterin’s well-reasoned prediction for the long term survival and growth of BTC and crypto pans out then when we’re finally able to look back at crypto prices with 20-year charts in 2050, we may well see that the crash now in prices even if they were to fall 90% from the Dec/Jan highs will look very similar to what are now only tiny blimps down in the early prices of Amazon and Apple in 2000 with the Dotcom crash as shown in the linked graphic - but which at the time in 2000 were massive 90% falls in the Amazon and Apple share prices, that very few people thought these companies could survive and recover from let alone make 50,000% gains in the 20 years to follow!
https://imgur.com/a/CurnU

Hindsight is a wonderful thing of course, for those of us who missed investing in the centralised companies monopolising and profiting from the Internet 2.0 - but Vitalik Buterin is a smart man who some call the genius of our age, and his potential foresight on where crypto stands and where it’s going shouldn’t be taken lightly. Hmmm getting in early this time on decentralised currency and the decentralised blockchain based Internet 3.0 anyone - food for thought! So ....

1. What do people think of Vitalik’s interesting answer here, and his long-term prediction and reasoning for BTC and altcoins survival and growth in value?
2. Do you agree a BTC price of $100k by 2050 is a reasonable expectation based just on world GDP growth, and that a price of $1M by 2050 is quite possible with world GDP growth plus 10% BTC organic growth/adoption?
3. Do you think LTC as mentioned by Buterin and other altcoins that survive and prosper will see similar gains of 13,000% by 2050 with just world GDP growth, or that they too may grow up to 100,000% by then with 10% organic growth/adoption thrown in as well?
4. Do these predictions help give you strong hands to hodl your BTC and favourite altcoins, and to buy more as the crypto market bottoms and sooner or later turns up to make new highs on its roller coaster long term ride? Just imagine if those Amazon and Apple charts are Bitcoins and the surviving successful altcoins charts in 20 years time - there may not be enough Lambos!!