How to grow bitcoin price to $176,190.48?Firts let's consider 3 different scenarios for bitcoin price.1- Better Scenario: If we can move all the circulation money in the world into bitcoin, bitcoin price could achieve
$176,190.48 per unit of bitcoin.
All the money in the world are base in USA dollar.
Regarding Federal Reserv (M1 money in circulation) is 3.7 trillion U.S dollars and maximum amount of bitcoin issued e would be 21 million, so $3,700,000,000,000.00/
BTC21.000.000 =
$176,190.48 Ref:
https://www.investopedia.com/terms/m/moneysupply.asp2- Scenario based on e-commerce sales worldwide in 2017: If every body that purchase on internet make it using bitcoin, bitcoin price could achieve
$$135,333.33 per unit of bitcoin.
In 2017, retail e-commerce sales worldwide amounted to 2840 billions U.S dollars , so $2,842,000,000,000.00/
BTC21.000.00=$135,333.33
Ref:
https://www.statista.com/statistics/379046/worldwide-retail-e-commerce-sales/3- Worse Scenario based only on PayPal's total payment volume last year 2018: Let's suppose that bitcoin, will be used only by people who had been used some online payment processor, like a paypal because most people think that bitcoin "is so difficult to they use".
$21,476.19 per unit of bitcoin.
In 2018 payment provider's volume amounted to 451 billion U.S dollars , so $451,000,000,000.00/
BTC21.000.00=$21,476.19
Ref:
https://www.statista.com/statistics/277841/paypals-total-payment-volume/Now, my personal opinion in order to answer the question.
Solution is simple, Putting up bitcoin as flow cash in the economic by rich bitcoin ownersI think a big drawback that stagnates the growth of bitcoin, is major amount of bitcoin are owned by handful of a rich person that are waiting some miracle on laws regularization and other handful of people, are waiting for it increase in value without, them having to do anything. If we want to make grow bitcoin we need to make the economy move with bitcoin; it is only possible if rich people on bitcoin are dispose to distribute satoshis for free, across purchase vouchers for example, bonus for markets and stores that urge to customers to use bitcoin or any similar ways that allow put satoshis like a flow cash in the economic. In such a way when people receive some satoshis they will have to spend it and they can not will keep saved anymore, in this way we can revolution the economic making grow Bitcoin.
Off course, rich people will have to see it like a investment because in the future they can get back your investment across bitcoin valorization, because if bitcoin increase in use, the price increase as we well know.
I know nobody could not controller it, but my proposal is a bounty campaign across to motivation methods in such a way when people receive some satoshis they will have to spend it (without sale it) and they can not will keep saved anymore.
I think that rich bitcoin owners only have two options, spend bitcoins encouraging the market and growing bitcoin economic or save your bitcoins eternally, while the banks and through scam campaigns bring the price of bitcoin to 0.
When I reefer to "rich bitcoin owners" I am referring people to have over hundreds of bitcoins, and they could spend(Invest) a few satoshis without too affected your balance.
In other words give satoshis to any body and urge them to spend itWhat do you think about it?If you liked my job, please support me.Bitcoin Address : 33Pha5BWK1Qm9hWS8383Cpj9xZHSBgF3EgThankyou by attention.
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Another references:
https://www.quora.com/Money-Supply-What-is-M0-M1-M2-and-M3?share=1 Yes people will be the only way to develop the Bitcoin to the normal position very easily the following tips are also important to follow by lots of people and uses to develop their investment and all over the cryptocurrency field also.