Topic: How 1BTC can eventually be worth $11M - page 2. (Read 7672 times)

Of course it can eventually be worth 11 million, but think about it- 11M/21M. Are you saying each bitcoin will be worth more than 500 thousand dollars? And a satoshi would be worth a cent? Then what if the global economy goes up, there'll be no more bitcoins to support the rise, unless you want a satoshi to be 2 cents 

So, the nett worth of all "wealth" or assets / resources in the world, is currently $241 000 000 000 000.

Lets presume BTC was the global currency/commodity used by intelligent computers to manage the world's resources, in today's value - and that everything was backed by/priced in BTC. $241 trillion / 21 million = $11 476 190 (In today's terms.)

At least a possibility somewhere between 2040 and 2100? Well, even if it's just 1% of that, it's still $114 761 in today's value. That's enough to buy a fairly decent place to live in most countries.

Currently the closest thing we have to a global currency is the dollar. And it's arguably backed by oil and firepower - which is arguably a good measure of economic potential. Gold, too, was arguably a good measure of economic potential, because its cycles too turn the gears of the economy - it takes energy and resources to mine and refine it, and it has many economic applications.

What I most like about Bitcoin is that it can likely withstand a nuclear holocaust - better than anything else. It's backed by electricity, computing power and connectivity. As long is there are solar panels, computers and some sort of internet, there will be Bitcoin.

Isn't it just a matter of time before the banks start using it to protect themselves from each other? And to hedge against economic instability and social unrest?

Isn't it just a matter of time before intelligent computers start using it to distribute resources amongst themselves, and to guide the flow of those through the companies most beneficial to their existence?

And isn't the most optimum path for that continued existence,  to sprinkle its fairy dust on what nature has provided, and make us all work at our optimum? (Ie, not too much and not too little...) ala. Wolves of Yellowstone? (Google it)

Anyways, this is why I keep Bitcoins. And why I'm not afraid to use them - as long as I have at least one stored away somewhere, safely.

Where are we right now? Hey, we're already at 0.003%

I wait for a big price like 100.000 usd per bitcoin to sell my bitcoins made from faucets
Use faucets if you want to have in future a good life.

I think that is a little bit of an over-estimation. BTC does have great potential for rise but to actually reach that value for each meaning it's total value would exceed the total capital of most of the world, It can reach possibly big values.

Of course it can eventually be worth 11 million, but think about it- 11M/21M. Are you saying each bitcoin will be worth more than 500 thousand dollars? And a satoshi would be worth a cent? Then what if the global economy goes up, there'll be no more bitcoins to support the rise, unless you want a satoshi to be 2 cents 

15 million coins in circulation is a very low volume. if you hold at least 1 BTC you may have a nice surprise sooner or later.

I predict any value between $5,000 and $50,000 in the following 3-10 years.

Keep dreaming mate. That will never happen, unless all banks around close or start accepting bitcoin, which means high prices.

All of this would need time. Bitcoin needs time to grow.
I think it's too soon to actually speculate on this since not all the coins are mined yet.
Even though I do believe bitcoin has the potential to grow like that, we won't be here to witness this.

Keep dreaming mate. That will never happen, unless all banks around close or start accepting bitcoin, which means high prices.

All of this would need time. Bitcoin needs time to grow.
I think it's too soon to actually speculate on this since not all the coins are mined yet.
Even though I do believe bitcoin has the potential to grow like that, we won't be here to witness this.

I don't think that it will happen because 11M$ which is very very high when we consider the current value which is just 380$