Not going to happen. As bitcoin gets more expensive, altcoins will provide the supply needed for the utility of bitcoin (doing business) which will reduce the demand and thus price of bitcoin.
Newcomers to crypto-currency aren't going to want to be part of a system where a select few have incredible wealth, hence why they will opt for altcoins instead of bitcoin.
Topic: Bitcoin price to be US$3,500,000??? - page 3. (Read 3344 times)
GWP is 85Tril
Derivatives 1500Tril
So is btc become 100% global currency
5M btc 100Tril gwp
50M btc 1000 derivatives
Info from
www.BitcoinAlgorithm.com
At only 10% of GWP it is 500K floor support with a 1M bubble peak value
It is currently valued at .01% of GWP so .01% of GWP is 8.5Billion its current value
BTC value is tied to gwp and what % of people use it as the Bitcoin Algorithm proves
Derivatives 1500Tril
So is btc become 100% global currency
5M btc 100Tril gwp
50M btc 1000 derivatives
Info from
www.BitcoinAlgorithm.com
At only 10% of GWP it is 500K floor support with a 1M bubble peak value
It is currently valued at .01% of GWP so .01% of GWP is 8.5Billion its current value
BTC value is tied to gwp and what % of people use it as the Bitcoin Algorithm proves
Let's keep this short and simple, the maximum price a Bitcoin can be.
Since the M3 model says US$75 trillion exists in the world, with 21 million bitcoins, that is around US$3,500,000, meaning, if all of the world's currency were to be swapped with that much, 1 US dollar could equal BTC0.00000028. (or 28 satoshies) Discuss how you think life would be like, and discuss bitcoin being worth $3m in general. Enough said. Discuss.
Since the M3 model says US$75 trillion exists in the world, with 21 million bitcoins, that is around US$3,500,000, meaning, if all of the world's currency were to be swapped with that much, 1 US dollar could equal BTC0.00000028. (or 28 satoshies) Discuss how you think life would be like, and discuss bitcoin being worth $3m in general. Enough said. Discuss.
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