Nice graph, most of us are really excited to see a change on that billon marketcap, what would be the price of one btc if we hit a 1 trillion cap ?
Approx. 60,000$ per BTC, but the potential market cap could just as easily be five or twenty times larger than that.
Ex-Facebook executive Chamath Palihapitiya wrote a Bloomberg opinion piece stating that bitcoin could become a "better version" of gold, or even a replacement for the precious metal. With all the gold in the world totalling around $8 trillion, Palihapitiya said, if bitcoin replaced gold as a store of value, each bitcoin would cost almost $400,000, once all 21m bitcoins have been mined ($8 trillion/21m BTC).
We just don't know how much of, or how quickly the planet's stored wealth will be swallowed up by the bitcoin black hole. The table below presents a list of companies in four sectors which Bitcoin and its surrounding ecosystem touch – payment processors, payment hardware, bank software, and money transfer and ATM outsourcing.
Bitcoin Ecosystem - Comparable Company Market Caps ($s millions)(...) analysts Gil Luria and Aaron Turner see intrinsic value of bitcoin as a conduit in a new global crowd-funded open-source payment network. "Among other facets, we believe Bitcoin and its associated technology represent a potentially game-changing disruption to our covered payments companies," they said.
The analysts observe three key sources of demand for Bitcoin - 1. as a disruptive payment network technology, 2. an alternative uncorrelated asset class, 3. and a safe haven currency. However, they believe the payment network capabilities are the key to the sustainability of crypto currency, with Bitcoin the early leader.
(...)
The key to Bitcoin's success so far, and significant promise going forward, is in crowd-funding the development of the first new global payment network in decades, the analysts explain.
They see some evidence for this in the willingness of key countries (Germany, USA, China) to regulate, not shut down Bitcoin, in spite of the perceived risk to their sovereign currency. "More importantly in our mind is that with a decentralized structure even if a small number of countries choose not to interfere or are not able to interfere, Bitcoin's technologies are likely to thrive," they said.
They do believe there is a meaningful probability Bitcoin may not succeed, but this will most likely be a result of the emergence of a better crypto currency, they said.
Based on the order of magnitude of the overall opportunity and some very rough calculations they also believe scenarios exist by which a Bitcoin could be valued 10-100x its current price. "We believe rising Bitcoin prices help build the network thus entrenching its value, especially vis-à-vis other alternative coins/conduits. Based on this framework, we would postulate that current Bitcoin prices reflect a peak penetration of 1% of total potential demand in 10 years," they said.
Sources:
1.
http://www.streetinsider.com/Analyst+Comments/Bitcoin+Could+Be+Worth+10-100x+Current+Price+-+Analyst/8936836.html2.
http://www.coindesk.com/could-bitcoin-surpass-google-market-cap/