Topic: Will 1 Bitcoin will Reach 1 million usd one day? - page 11. (Read 11412 times)

Wow these are fascinating stats for a bitcoin enthusiast ..! but according to current marketing condition we never know can even sink down to 100$ :p

Nice calculation. I couldn't say more. 

Well, let's try to make a guess. According to the Worldwatch Institute and Earth Policy Institute the gross world product (GWP = combined GNP/GDP) was about $73 trillion in 2013. To put this in perspective back in 1950 the GWP was about $7 trillion . So let's say, for the sake of argument that by 2050 the gross world product will at least double (which is more than a safe argument) and become at least $146 trillion. The projected BTC supply for 2050 is roughly 20.9 million. Also for the sake of argument let's presume that by 2050, 15% of all transaction are done in bitcoins. 15% of $146 trillion is roughly $21.9 trillion and divided by 20.9 million BTC you get about 1,047,846 USD per 1 BTC.

But forget about 2050, let's talk about tomorrow. IF by tomorrow 3% of all transactions (and Bitcoin has the potential to achieve much more) are done with bitcoins this leaved us with 3/100*73 trillion ~ $2,1 trillion. Divide that by 10.5 million BTC and you get 1 BTC = $219,000

Unless my math is wrong $1,200 could be just the tip of the iceberg

Happy mining!

Kind of magic thing will be if this comes true one day. 

Are you talking about next few months or you are saying that we will never ever going to hit a new ATH with bitcoin .. !

I think not within 10 years. China, US or EU can make the price of the bitcoin in downward spiral if they like to. Bitcoin having a price of 500,000 - 1,000,000 will make bitcoin threat to their banking monopoly and to the dollar is reserved currency.

No. I will be surprised if it ever gets above 1200 again

Or they will sell their gems, gold and platinum to buy bitcoin 

Then people will buy Platinum with Bitcoin

It might go up again. OP is trying to have a laugh with this post, it's not realistic to see it at 1 million dollars, ever. However chances are they'll still go waaay past 850 usd. Patience.

lol one million per bitcoin? That is not possible in our lifetime.
Altcoins killing bitcoin's market share.
My only worry is price drop. When i invested in some bitcoin that time price is around $850 range. But now price is going downwards.

I think it might hit 1 million USD one day because it just has too many advantages as a mean of exchanging money. Having said that, I don't necessarily think it will replace ALL "conventional" currencies. It will probably achieve a balance at some point.

Behind the big media conglomerates (Comcast,The Walt Disney Company,21st Century Fox/News Corporation,Time Warner,Viacom,CBS Corporation) that basically decide what's "good" and "evil" for you, lies a big, huge, humongous pile of "bank money". So naturally when you are a bank selling something invented in antiquity and the 21st century comes knocking at your door with bitcoins, of course you are going to react. And the media has reacted plentifully at every sidestep of cryptocurrencies stopping short of declaring Bitcoin from hell. Although if I'm not mistaken, there are a couple of articles out there declaring them "evil". But at the end of the day it's just like gal lamps vs electricity at the beginning of the 20th century. Newspapers shouted left and right back then but nothing they said could stop electrons flowing through a wire. Similarly at the end of the day Bitcoin is a better way of transferring money and there's nothing they can do about it.

On a side note I'm all for technology and I think we should get as much of it as possible out in the open and face the challenges of this new century instead of running away from it.

Happy mining!

i hope one day YES ... maybe not 1million but 50.000 - 100.000 usd !!!

will require an expansion of the btc user base/utility/demand to rise significantly.
general rule is that it will always return to any value it has acheived... more or less.
im guessing a saturation point somewhere around 2000, but as guesses go, they are usually wrong.

It's possible to reach 1M mark if every country and it citizens around the world will accept bitcoin as online payment network just like any other online payment processor. Buying and selling consumer goods locally and internationally will boost the price of bitcoins. Worldwide acceptance is the key.

Bitcoin is very unpredictable who knows. If that happens bitcoin economy will be same gdp as USA. Satoshi would be having 1 trillion usd.

It will never happen. THE maximum price of bitcoin will be around $10000 in 2-3 years, If everything goes well.
It will reach $1000 is safe to say.

Ir might eventually, especially since bitcoin naturally is affected by deflation and dollar by inflation. Problem is when.

Nice put up a new number from that old 1000 dollar thread I guess I will start from the 2009 persons viewpoint
Probably not any time in the near future please just because we started adding numbers to bitcoins value we won't see it
I'll change my tune later like those early adopters who return years later XD

Honestly we all hope that someday bitcoin reaches $1,000,000 USD. but i dont think it will happen. it will only happen if bitcoin lives longer than i do an i wont see the day it hits 1,000,000$


10,000$ and even maybe 100,000 is possible in my lifetime if it lasts whitch i think it will