I have many times heard on various media that if bitcoin trends stay close to the current upwards trail it will be enough to buy a home with a single Bitcoin in 25 years. Amazing? Yes.
Topic: Could Bitcoin price increase to $1 Million one day? - page 4. (Read 2493 times)
I actually have read quotes by Bill Gates, agreeing to this *potential. I will have to find that source.
I have many times heard on various media that if bitcoin trends stay close to the current upwards trail it will be enough to buy a home with a single Bitcoin in 25 years. Amazing? Yes.
I have many times heard on various media that if bitcoin trends stay close to the current upwards trail it will be enough to buy a home with a single Bitcoin in 25 years. Amazing? Yes.
This reminds me of a comment Hal Finney, the earliest adopter of Bitcoin beyond Satoshi, that was mentioned in the book Digital Gold by Nathanial Popper.
Hal, who was on the mailing list that Satoshi first sent the white paper out to and was one of if not the first person outside of Satoshi to start mining bitcoin, stated to this mailing list (shortly after the idea for Bitcoin was proposed)...
And by his calculations that would make each Bitcoin worth some $10 million.
Something to think about indeed.
Hal, who was on the mailing list that Satoshi first sent the white paper out to and was one of if not the first person outside of Satoshi to start mining bitcoin, stated to this mailing list (shortly after the idea for Bitcoin was proposed)...
Quote from: Hal Finney
Imagine that Bitcoin is successful and becomes the dominant payment system in use throughout the world, then the total value of the currency should be equal to the total value of the wealth in the world.
And by his calculations that would make each Bitcoin worth some $10 million.
Quote from: Hal Finney
Even if the odds of Bitcoin succeeding to this degree are slim, are they really 100 million to one against? Something to think about.
Something to think about indeed.
it may seem unrealistic or even impossible now and i also though this way but when you look back at the time when price was $1 for example, $1000 or $2000 seemed unrealistic and impossible too!
and the supply is really small compared to all the demand. and as we add SegWit and then add LN to be able to handle that kind of demand, that price becomes a lot more possible.
and the supply is really small compared to all the demand. and as we add SegWit and then add LN to be able to handle that kind of demand, that price becomes a lot more possible.
Some said it will. What do you think?
(The estimated 2017 GDP in the US is $19.4 trillions. If the price of a BTC increases to $1M, with 21M in total supply, the market cap would be $21 trillions. Of course, the $19.4T is in present value and the $21T is in an unknown period of future value.)
(The estimated 2017 GDP in the US is $19.4 trillions. If the price of a BTC increases to $1M, with 21M in total supply, the market cap would be $21 trillions. Of course, the $19.4T is in present value and the $21T is in an unknown period of future value.)
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