about $10 000 per bitcoin in my opinion. Something major will need to happen before we see six figure numbers in Bitcoin. I am usually a optimist, but I have to be realistic too,
when I predict the future of this technology.
Topic: How 1BTC can eventually be worth $11M - page 8. (Read 7642 times)
The only way that would happen, is if the dollar collapse and it reach the levels where Zimbabwe were a while ago. The closest we will get to that, with a strong dollar will be
about $10 000 per bitcoin in my opinion. Something major will need to happen before we see six figure numbers in Bitcoin. I am usually a optimist, but I have to be realistic too,
when I predict the future of this technology.
about $10 000 per bitcoin in my opinion. Something major will need to happen before we see six figure numbers in Bitcoin. I am usually a optimist, but I have to be realistic too,
when I predict the future of this technology.
This would certainly be great but most of us won't be alive for that. Definitely something to pass onto children and grandchildren. There is also possibilities that bitcoin could see 6 figures well before then.
11 million USD , not in our lifetime 
I'd be happy AF if we reach 10,000 USD per bitcoin, let's not get too greedy
The problem is if it reaches 1000 $,many bitcoin users will start selling it to make short term gain which will again bring down the price.I'd be happy AF if we reach 10,000 USD per bitcoin, let's not get too greedy
The fault in your reasoning is that it will never replace all wealth in the world. Even at this stage, BTC is even sharing the crypto wealth with many many altcoins.
Alternatives will always be present, therefore the figure you propose is just not realistic, infortunately.
Alternatives will always be present, therefore the figure you propose is just not realistic, infortunately.
+1 for optimism 
I will still be happy if bitcoin is rising even by a dollar or such
I will still be happy if bitcoin is rising even by a dollar or such
This was already speculated in Jan 2009
So your calculations agree with those. One can only dream.
Quote
...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 all
the wealth in the world. ...
http://www.mail-archive.com/cryptography%40metzdowd.com/msg10152.htmlbecomes the dominant payment system in use throughout the world. Then the
total value of the currency should be equal to the total value of all
the wealth in the world. ...
So your calculations agree with those. One can only dream.
The part in bold is just not true. A dollar does not currently exist for every dollar's worth of wealth in the world, so why would it apply to bitcoin? There is no reason why a bitcoin would ever be worth $11 million unless the dollar collapses.
This was already speculated in Jan 2009
http://www.mail-archive.com/cryptography%40metzdowd.com/msg10152.html
So your calculations agree with those. One can only dream.
Quote
As an amusing thought experiment, 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 all
the wealth in the world. Current estimates of total worldwide household
wealth that I have found range from $100 trillion to $300 trillion. With
20 million coins, that gives each coin a value of about $10 million.
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 all
the wealth in the world. Current estimates of total worldwide household
wealth that I have found range from $100 trillion to $300 trillion. With
20 million coins, that gives each coin a value of about $10 million.
http://www.mail-archive.com/cryptography%40metzdowd.com/msg10152.html
So your calculations agree with those. One can only dream.
But you're assuming that every single person on earth will use Bitcoin as their only currency... Which i think isnt possible yet.
Completely and utterly impossible.
I don't think that's possible at all.
Would be nice to see that in our lifetime. Might be a idea tho to make sure our bitcoin is added to our estate when we go out to pasture
11 million USD , not in our lifetime
I'd be happy AF if we reach 10,000 USD per bitcoin, let's not get too greedy
The problem is if it reaches 1000 $,many bitcoin users will start selling it to make short term gain which will again bring down the price. I'd be happy AF if we reach 10,000 USD per bitcoin, let's not get too greedy
I am sure as the technology continue to evolve, new standard may replace bitcoin in future. Bitcoin may worth more than what it is now, but $11M (even $100k) is very difficult.
Bitcoin may very well take off and be valued at 10-100k, hell, right now if it goes to $500 one can say that it's a huge figure already for something that many think it's a joke. However the same chance exists that it will be worthless because it can also become obsolete in the upcoming years.
I really doubt that. Fiat currencies are backed by a government guaranteeing its worth. No government would be crazy enough to do that to bitcoin.
But in reality, the governments tries to devalue the fiat currencies whenever they can. That will reduce the debt they owe.
Yeah but all what they are doing is getting a bit more time to delay the collapse.
This whole system is based on debts and trying inflate the way out of that will not work.
Everyone with a bit of financial understanding knows that.
Very optimistic but i find it unlikely that bitcoin will still be around by then. certainly not as we know it now anyway.
I really doubt that. Fiat currencies are backed by a government guaranteeing its worth. No government would be crazy enough to do that to bitcoin.
But in reality, the governments tries to devalue the fiat currencies whenever they can. That will reduce the debt they owe.
I don't think such figures are impossible, look at the south sea bubble for example.
The value of that company was insanely high at one point even though they didnnt even have a product.
If bitcoin becomes more widely accepted the price might at one point raise to irrational highs just because of too many people buying and FOMO. And for a long time people would make profit and keep investing, they might even sell all their stocks and gold and such to buy more bitcoin because Bitcoin is rising in value so rapidly.
Eventually there's more money invested in Bitcoin than even exists in the world and at or beyond that point people start to realize that such a price is not sustainable, so the smart people will start to buy some overly cheap gold and stocks and assets like houses and such. Bitcoin will plummet. It will still be worth a lot comoared to today's values, possibly even over a million per Bitcoin but it will drop a lot compared to the ridicilous value it had before.
It's possible.
The value of that company was insanely high at one point even though they didnnt even have a product.
If bitcoin becomes more widely accepted the price might at one point raise to irrational highs just because of too many people buying and FOMO. And for a long time people would make profit and keep investing, they might even sell all their stocks and gold and such to buy more bitcoin because Bitcoin is rising in value so rapidly.
Eventually there's more money invested in Bitcoin than even exists in the world and at or beyond that point people start to realize that such a price is not sustainable, so the smart people will start to buy some overly cheap gold and stocks and assets like houses and such. Bitcoin will plummet. It will still be worth a lot comoared to today's values, possibly even over a million per Bitcoin but it will drop a lot compared to the ridicilous value it had before.
It's possible.
...
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.
....
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.
....
Inflation impacts property prices more than many other commodities. If BTC is intended to be inflation neutral, but property prices increase by inflation, affordability doesn't change for the better unless BTC increases in value above inflation.
i hope so maybe in 10 more years or more
if this happend no all themany of bitcoin users now will be richer than bill gates
if this happend no all themany of bitcoin users now will be richer than bill gates
You have tried your best to put the numbers together but they will not show their self in reality. Maybe 10k in our life time which lets me leave a fortune to the kids so I'm happy. But $11million a coin NO 
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