For 1 Bitcoin to be worth $1,000,000, the total market cap of Bitcoin would have to be $21 trillion dollars. What are the odds of this happening?
For reference, the amount of physical $dollars and coins in circulation are around $1.2 trillion. The global M2 money supply of all currencies are around $45 trillion. The market cap of all mined gold is around $7 trillion.
Will 1 Bitcoin be worth a million dollars? Half a million? Thoughts?
For reference, the amount of physical $dollars and coins in circulation are around $1.2 trillion. The global M2 money supply of all currencies are around $45 trillion. The market cap of all mined gold is around $7 trillion.
Will 1 Bitcoin be worth a million dollars? Half a million? Thoughts?
I don't think so. Even I hope (and theoretically this hope is almost sure) that bitcoin arrive a very high price I don't think that this price will be so high. Have no reason to go so high. I love but it is only a digital coin or in other words an ensemble of zero and ones. I think that there it will be a strong concurrence to it from other currencies produced by only country which probably will be adopted as a national currency or to support their national currency. Every country will protect and stimulate its digital currency. The most big and important countries of the world like Russia and USA are thinking since now about this option. They will try maybe to eliminate forever bitcoin or at least to decrease its importance in the world. Bitcoin have not protection except the volunteers which produce, use and spread it. It is not possible that those volunteers have the power of the above countries and maybe other which will unite with those in the future. If the bitcoin will be banned from every country will be no future for it. This option it is something that must be counted.
