Topic: Can 1 satoshi be worth $1 in the future? - page 9. (Read 1720 times)
Who is John Galt? explained well. It's not mathematically impossible, but I don't think it will happen in a time frame that we can see. For this to happen, both the dollar must depreciate enormously and Bitcoin must rise rapidly. In such an environment, 1 sat = 1 dollar won't make much sense anyway. I would focus on the rate of 1 sat = 1 cent. We're much more likely to see that in the future.
There is no way anyone can predict future price of Bitcoin. In 2017, Bitcoin gave surprise to everyone by touching 19k$ and that's not the end. Next surprise was Bitcoin going to as low as 3.5k in 2018. Then we saw another massive uplift where price of bitcoin touched 69k. That's why we can't say about future price of bitcoin but one thing is sure Bitcoin will keep giving surprises.
Yes, bitcoin will continue to surprise us, but this specific one will undoubtedly take some time to happen. Maybe we won't live to see that day because I don't see it happening anytime soon if not so far, it’ll take at least a century before we can witness that with bitcoin now.
No one has ever imagined back in 2009 or 2010 that Bitcoin will be touching 69k USD after 10 years. Our discussion is based on the fact that Bitcoin never stop from giving surprises and there is no way one can predict future price of Bitcoin. As global fiat currencies are going down, who knows we saw a pump in Bitcoin value that will take its price to moon. Its a situation of may or may not be.
Even 7-8 years ago we could not have expected Bitcoin to reach the price it is currently trading at, but the reality is that Bitcoin has achieved it. Investors who understood the future potential of Bitcoin at the time have now become hugely successful. So I think anything can happen with Bitcoin, I wouldn't be surprised if Bitcoin becomes 1 satoshi equal to $1 in the future. So let's see if Bitcoin can fulfill our expectations in the future.
Let's just count. 21 million bitcoins at a price of $100 million. Even if 11 million bitcoins are “lost” by this time, there will still be 10 million left. Total, 1,000 trillion dollars. The entire money supply of M0 dollars today is less than 6 trillion. So the estimated money supply of bitcoin will be hundreds of times larger then M0 of USD. If the dollar doesn't depreciate fast enough to be cheap enough, I would argue that 1 watoshi won't be worth $1 anytime soon.
I don't think we'll ever see anything like this. Even after a few generations nothing like this will happen. But it's good to think about. What happened in this market? Many times we were surprised. We watch a tiny thing in our hands grow over time. Bitcoin has become something that grows, gains value and is talked about every day.
In terms of monetary value, I don't think anything can be that valuable. Therefore, reaching the value of 1 dollar cannot go beyond being something that can only be watched if the movie is made.
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.
Thoughts?
Yes, we all know with bitcoin everything is possible. So regardless if it’s a way long process before realization, the fact that there are a lot of bitcoin users now so perhaps it’s promotion will also grow along with its bitcoin price as well. However, if bitcoin has its chances to rise into million’s value, then maybe it’s also possible that it will also drop in the future and reach a very deep price. It has happened before so everything will never be impossible with bitcoin. And with Satoshi’s value concern, maybe it could also reach into $1 but surely it will take a lot of processes before it will be finally achieved. Thoughts?
-snip-
Though if this happens, then the acceleration from $1,000,000 to $100,000,000 might be quicker than expected...not due to BTC growing in value but because the USD is already on rapid decline or free-fall territory. This would probably be realistic in a scenario where an economy is struggling to use USD as a means of exchange (similar to what happened in Venezuala). I wouldn't be surprised if this happened, as Venezuala's currency was seemingly backed by oil. The USD have a larger, world-reaching economy...however they are ultimately backed by order, military strength and oil. If we are taking war and obedience out of the picture and we are in a world of renewables, then what confidence or faith could one possibly have in the USD?
It would be terrible inflation when the USD loses its value and makes Bitcoin reach unthinkable prices. Though if this happens, then the acceleration from $1,000,000 to $100,000,000 might be quicker than expected...not due to BTC growing in value but because the USD is already on rapid decline or free-fall territory. This would probably be realistic in a scenario where an economy is struggling to use USD as a means of exchange (similar to what happened in Venezuala). I wouldn't be surprised if this happened, as Venezuala's currency was seemingly backed by oil. The USD have a larger, world-reaching economy...however they are ultimately backed by order, military strength and oil. If we are taking war and obedience out of the picture and we are in a world of renewables, then what confidence or faith could one possibly have in the USD?
Will that really happen in the future?
It depends on the role of the government in tackling the inflation that will occur.
The government will not allow such extreme events to happen.
Bitcoin will be a strong competitor and will rule the world payments if 1 Sat = 1$.
It will be a crazy world, economic turnover that cannot be predicted and there will be many policy changes.
Personally, I wouldn't think too far, just thinking that Bitcoin could reach $100k ATH is more than enough.
If it can exceed that then consider it a bonus from long-term holding.
Let's just count. 21 million bitcoins at a price of $100 million. Even if 11 million bitcoins are “lost” by this time,
This assumption is wrong. We are going to the future, not the past. Technologies will develop and inevitably many of the lost coins will be recovered, either remember it or brute force it.Of course, as part of the discussion of the possibility of an exchange rate of $ 1 for 1 satoshi, the possible loss of bitcoins was taken only as an example of what, in general, such a process can take place, therefore, it is not so significant how true this assumption is, however, in fact, some bitcoins will be "lost". Yes, some will be returned to circulation from previously lost ones, but in order to overcome the capabilities of new computers, bitcoin will also become more complicated, and new bitcoins will be lost again for various reasons. So it's just that half of the issue looks like an outrageous assumption, and not the process itself.
If we talk about the future, it might happen in the future. But sadly, we don't know whether it will happen or not. And nothing is impossible when talking about the future but we don't need to think about it and just let it happen.
We've seen how surprising Bitcoin has been and never thought Bitcoin would have come this far. So anything can happen, including the price of Bitcoin reaching $1,000,000. But I can't imagine how much Bitcoin was worth then, so I thought we should enjoy this journey.
And if 1 sat doesn't equal $1 later in the next few years, that's OK too because we don't expect to see that any time soon. Maybe this is the target Bitcoin wants to achieve in the future, but we don't know when.
We've seen how surprising Bitcoin has been and never thought Bitcoin would have come this far. So anything can happen, including the price of Bitcoin reaching $1,000,000. But I can't imagine how much Bitcoin was worth then, so I thought we should enjoy this journey.
And if 1 sat doesn't equal $1 later in the next few years, that's OK too because we don't expect to see that any time soon. Maybe this is the target Bitcoin wants to achieve in the future, but we don't know when.
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.
Thoughts?
Thoughts?
It's possible, there are two things to consider:
1. How worthless is the USD against Bitcoin?
2. Is USD still being used to-date?
If USD is still being used within a functioning economy, I think a more realistic opinion is for one satoshi to be worth $0.01 USD. This would mean 1 BTC would equal $1,000,000.
Though if this happens, then the acceleration from $1,000,000 to $100,000,000 might be quicker than expected...not due to BTC growing in value but because the USD is already on rapid decline or free-fall territory. This would probably be realistic in a scenario where an economy is struggling to use USD as a means of exchange (similar to what happened in Venezuala). I wouldn't be surprised if this happened, as Venezuala's currency was seemingly backed by oil. The USD have a larger, world-reaching economy...however they are ultimately backed by order, military strength and oil. If we are taking war and obedience out of the picture and we are in a world of renewables, then what confidence or faith could one possibly have in the USD?
It depends mostly on USD purchasing value, if the money printing trend shown in this video https://twitter.com/TFMetals/status/1687205453938503680 will be confirmed , have a closer look at last couple of years in particular, my answer is yes. But unfortunately in that case we will live in a much different world imo.
I believe anything and everything is possible in this Bitcoin era. We didn’t thought Bitcoins to touch 20k USD at first, but it did and surprised everyone. Then it gave surprises after surprised and we finally saw Bitcoins at 69k usd. So yes 1 million USD for Bitcoins is not impossible and so do 1$ for a satoshi. Everything depends on the demand that is raised by the Bitcoin holder to acquire the Bitcoins.
Right mate. Despite of its high volatility, bitcoin price never fail to impress us and in every year that comes, it’s price is also showing a positive mark up. So definitely, it will not be surprising if bitcoin price will hit million dollars as well as its single Satoshi’s value will also increase. Especially now that some financial institutions also dive with the bitcoin hype, then it will surely increase bitcoin promotion and its adoption in the near future. The bigger crowd of people will use bitcoin, the higher the amount its single bitcoin may become. I believe anything and everything is possible in this Bitcoin era. We didn’t thought Bitcoins to touch 20k USD at first, but it did and surprised everyone. Then it gave surprises after surprised and we finally saw Bitcoins at 69k usd. So yes 1 million USD for Bitcoins is not impossible and so do 1$ for a satoshi. Everything depends on the demand that is raised by the Bitcoin holder to acquire the Bitcoins.
For that to happen though, bitcoin has to become a staple digital currency worldwide, I'm not talking about just trading in exchanges but also being used to pay for day to day stuff like food and services without the worry or regret that you've overpaid for something because the price got much higher after you've paid in bitcoin. That's the only way that it's possible because there's only about 20 million bitcoin in circulation (removing the 1m that satoshi have) and we all know that with limited supply and very high demand, we will have to expect rise in prices. 
I hope that Satoshi reaches this value very quickly in our lives. It would be great to see this bitcoin prices on these levels which for now seems almost impossible.
There's no way in our lifetime we can see Satoshi's value, I'd say 100 years or so, our lives won't get there.It's an insane prediction. I've just thought of the possibility of a satoshi reaching dollar parity due to Bitcoin's ever-rising popularity. It may not happen during our lifetime, but it could happen in the distant future.
I think my generation will be the first or second to experience how things will develop in the future, technology is also much more developed.I certainly wouldn't want 1 satoshi to be worth $1, as that would mean paying ultra-high fees per BTC transaction (in USD terms). Maybe developers will introduce "fractional satoshis" to solve the problem? We're "lightyears" away from seeing BTC reaching $100m, so there's nothing to worry about. Just my thoughts 
Just imagine if satoshi is worth $1 then with a fee it can take 1k Sat more of course $1000 that must be spent.Maybe there are developers who can solve this problem, but this is too far I don't think it will be 100M.
Yes, it is possible.
And also compare what $1 is equivalent to then? This is a summary of US$ inflation history https://www.officialdata.org/us/inflation/1800?amount=1
Assuming it will happen, I don't think there will be mempool congestion because bitcoin is the most premium class that not everyone will use onchain. Fees will remain stable.
If this happened, I think we are not using USD as base currency for Bitcoin conversion to fiat since its already hyperinflation and there’s no way USD is still the global currency. That’s why we should always keep using 1sat=1sat instead of fiat conversion when we are dealing with the transaction fee and Bitcoin valuation in general since since fiat can inflate and those figures is nothing if the buy power is not the same. And also compare what $1 is equivalent to then? This is a summary of US$ inflation history https://www.officialdata.org/us/inflation/1800?amount=1
Assuming it will happen, I don't think there will be mempool congestion because bitcoin is the most premium class that not everyone will use onchain. Fees will remain stable.
People have calculated how unlikely it is for this to happen but we are talking about a situation in USA where half of the money they printed came from the last 3 years, and yes there was a global pandemic and that's a main reason for it, but that doesn't change the fact that what happened happened. So, in the next 10-20-50 years we could see them print more and more as well and the more they print, the less valuable it will become and this could happen.
OP, I'd say $1 for 1 Satoshi it's possible if bitcoin actually can consistently hit its latest ATH every 4 year cycle. If scarcity could make the price go up due to demand, then one day the price of 1 satoshi would be $1. But long before that arrives, I hope that 1 satoshi will be worth $0.001 first and will increase gradually with the test of time.
I really can't imagine when 1 Satoshi was worth $1, but maybe for bitcoin in the long term. But I never expected that 1 Satoshi would soon be worth 1$ if bitcoin and crypto industry was continuously attacked by regulators. For something to make sense, let's imagine $200k to ATH on bitcoin in the next bullish season after the halving.
I really can't imagine when 1 Satoshi was worth $1, but maybe for bitcoin in the long term. But I never expected that 1 Satoshi would soon be worth 1$ if bitcoin and crypto industry was continuously attacked by regulators. For something to make sense, let's imagine $200k to ATH on bitcoin in the next bullish season after the halving.
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
If Bitcoin can keep surviving, passing through the test of time, and still waxing strong, maybe it can be possible for 1 SAT to be $1 in the next 2–5 cents. just saying. Bitcoin is still about 14 years old, and who knows what its price can be after a century? The truth is just that if Bitcoin continues to exist in the future, then there is every probability that it can get to $1.
The minimum TX fee for Bitcoin is one satoshi. Now, imagine if market prices keep going up until 1 BTC is worth $100m. This means 1 satoshi will be worth $1 (USD). Do you think there's a possibility this will happen in the future? If Blockchain capacity remains low, this could be a real pain in the head for the average person using BTC on a daily basis. I know such a prediction is insane, but if there's one thing I've learned about crypto is that nothing is impossible.
There's nothing impossible to achieve with bitcoin even though we may not concluded that bitcoin can reach to that extent, bitcoin can rise to an unpredictable extent because it has every possible potentials to rise and maintain high value, just as many had predicted upto $150 ,000 after this coming halving, we can definitely achieve that and even beyond on subsequent halvings that will be coming and so on.
When we talk about possibilities, then nothing is impossible. But it would be very difficult to imagine 1 Satoshi is worth $ 1 in the short term, but if we set a longer timeframe for example in the next 20 to 50 years, then it might become a reality.
I'm also not sure if most of us would still be able to type something to post something on a forum if bitcoin takes time 50 years for 1 Satoshi to equal $1, but it sure looks like a lot of fun if it became real. But there's nothing wrong with remaining optimistic about the future of bitcoin.
I'm also not sure if most of us would still be able to type something to post something on a forum if bitcoin takes time 50 years for 1 Satoshi to equal $1, but it sure looks like a lot of fun if it became real. But there's nothing wrong with remaining optimistic about the future of bitcoin.
Global wealth is estimated at 400-600 trillion, which would make Bitcoin even with 10 million coins twice as valuable as everything on the planet put together. So no! No way in hell unless the USA goes full Zimbabwe.
Let’s imagine that it’ll happen in the future when bitcoin will be worth more valuable than the estimated global wealth. The world is evolving and the global wealth keeps increasing which shows no sign of diminishing anytime soon. Don’t you think the estimated global wealth will still be worth more than bitcoin if 1 sat will be worth 1$ at that time?
There is no way anyone can predict future price of Bitcoin. In 2017, Bitcoin gave surprise to everyone by touching 19k$ and that's not the end. Next surprise was Bitcoin going to as low as 3.5k in 2018. Then we saw another massive uplift where price of bitcoin touched 69k. That's why we can't say about future price of bitcoin but one thing is sure Bitcoin will keep giving surprises.
Yes, bitcoin will continue to surprise us, but this specific one will undoubtedly take some time to happen. Maybe we won't live to see that day because I don't see it happening anytime soon if not so far, it’ll take at least a century before we can witness that with bitcoin now.
I believe anything and everything is possible in this Bitcoin era. We didn’t thought Bitcoins to touch 20k USD at first, but it did and surprised everyone. Then it gave surprises after surprised and we finally saw Bitcoins at 69k usd. So yes 1 million USD for Bitcoins is not impossible and so do 1$ for a satoshi. Everything depends on the demand that is raised by the Bitcoin holder to acquire the Bitcoins.
There is no way anyone can predict future price of Bitcoin. In 2017, Bitcoin gave surprise to everyone by touching 19k$ and that's not the end. Next surprise was Bitcoin going to as low as 3.5k in 2018. Then we saw another massive uplift where price of bitcoin touched 69k. That's why we can't say about future price of bitcoin but one thing is sure Bitcoin will keep giving surprises.
Jump to: