If 10M per coin means Bitcoin representing all global wealth, than today's value of $28,000 means that Bitcoin represents about 1/360 of global wealth. I seriously doubt that Bitcoin adoption is that high. That 1 in 360 people fully switched to Bitcoin, or that 1/360 of all wealth was moved to Bitcoin.
Bitcoin's price is purely determined by supply and demand. And we have very poor understanding of what drives the demand and supply. We want to believe that this is adoption and people are using Bitcoin, but how much of it is just speculation? Maybe long-term speculation, but still speculation.
Topic: Hal Finney: each coin a value of about $10 million prophecy - page 2. (Read 342 times)
Who knows? we really don't know what will be the final price of bitcoin. Remember that in the beginning, no one really thought that in the next decade, the price will go as high as our last all time high.
So Hal might be right after all, of course, he is already a genius, but what separate him it that he really is a hands-on guy as far as early as the birth of bitcoin. He is already there to mine as well and then make this bold prediction that we are now unravelling and looking at the future, yes, we might unlock this price.
So Hal might be right after all, of course, he is already a genius, but what separate him it that he really is a hands-on guy as far as early as the birth of bitcoin. He is already there to mine as well and then make this bold prediction that we are now unravelling and looking at the future, yes, we might unlock this price.
Hal is truly a genius and that's why many think that he's the real satoshi and the closest candidate to be one. $10M in the future is possible although we haven't reached $100k yet. But before anyone else had that idea that "anything is possible" for the price of Bitcoin, he already had that on his mind before everyone said that, and note that it was in the early days of Bitcoin. We're not even close to that price but in the past ATHs and not even ATHs, we've got already a lot of stories about rugs to riches because of Bitcoin and how much more with that price in the future.
Do you think it's possible given that bitcoin is going to be scarce?
Yes, all of its attributes, halving, lost bitcoins forever, limited supply, and mining difficulty make it scarce and will be scarcer as year passes by. 
It is mother of predictions but is it realistic and achievable?
I guess not but as a Bitcoin holder, I hope I am wrong.
GDP by country in 2022, shows Tuvalu's GDP is $60,349,391. It will be like 10 BTC if the prediction of Hal Finney becomes true. Some small nations with low national GDP from the list will not require too many bitcoins.
Bitcoin whales will be very powerful people if 1 BTC worths $10,000,000.
I guess not but as a Bitcoin holder, I hope I am wrong.
GDP by country in 2022, shows Tuvalu's GDP is $60,349,391. It will be like 10 BTC if the prediction of Hal Finney becomes true. Some small nations with low national GDP from the list will not require too many bitcoins.
Bitcoin whales will be very powerful people if 1 BTC worths $10,000,000.
I think Hal really knows what's about to go down with Bitcoin that's why he is one of the pioneers and as a contributor, and so he is well aware of what could have been the price in the next decade or so and he did that prediction.
Of course, there are a lot of predictions as well in the next coming years that we should take with a grain of salt. But coming from a legend himself? really not hard to see that we might in the future hit that price point and all we can say is that Hal is correct.
And this could be the very first prediction as well.
Of course, there are a lot of predictions as well in the next coming years that we should take with a grain of salt. But coming from a legend himself? really not hard to see that we might in the future hit that price point and all we can say is that Hal is correct.
And this could be the very first prediction as well.
It's just hard to phantom what Hal Finney said way back, just a couple of days when Bitcoin was just released by Satoshi, on what could be the price of bitcoin in the future and it could be the "Mother of all predictions. This is what the legend say,
https://www.mail-archive.com/[email protected]/msg10152.html
Just imagine though if Hal is still with us today, the man is really a genius and visionary, as now that we have seen a lot of predictions of what will be the price is the future, like in the next bull run, we will be hoping to see $100,000.
But this could be a big possibility down the line that $ 10 million = 1 BTC. Perhaps in the next 3 halvings?
Do you think it's possible given that bitcoin is going to be scarce?
By the end of 2024, there will be 20 million bitcoins. Currently, we are in 19,500, circulating supply.
So if my calculations where right, 99% of all bitcoins will have been mined by 2032.
And that 1% will be mined for the last 100 years.
https://www.mail-archive.com/[email protected]/msg10152.html
Just imagine though if Hal is still with us today, the man is really a genius and visionary, as now that we have seen a lot of predictions of what will be the price is the future, like in the next bull run, we will be hoping to see $100,000.
But this could be a big possibility down the line that $ 10 million = 1 BTC. Perhaps in the next 3 halvings?
Do you think it's possible given that bitcoin is going to be scarce?
By the end of 2024, there will be 20 million bitcoins. Currently, we are in 19,500, circulating supply.
So if my calculations where right, 99% of all bitcoins will have been mined by 2032.
And that 1% will be mined for the last 100 years.
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