I don't think that 100k will be reach...
Imagine, you could get 50 btc every 10 min at the beginning with a laptop.
50 btc at 100k = 5 million $ lol
Yea I agree, it does seem a bit unrealistic.
Bitcoin is not limited in time. It does not expire. It's also not limited by how much of the world's economy it could take over. So, it could break and get abandoned within 10 years, never going over a few $1,000, or it could continue to take over more and more of the world, the USD value can continue to decrease, the economy could continue to expand, and we could continue to lose bitcoins to lost passwords or fees paid to unspendable addresses. A hundred years or more from now, we could even end up with most bitcoins lost for whatever reason, and the entire world's massively bigger economy operating on just a couple of bitcoins, with each being worth trillions of dollars. But it's all arbitrary, because these bitcoins will be spread among many people. The important question is how big of a % of all the bitcoins do you own, and how big do you believe the bitcoin economy will get (and even more importantly, how can you yourself help to make that economy bigger).
Great point. However, I like to think about Bitcoins future compared to other cryptos. It is very rare that the first version of anything ends up lasting very long. It might not be the best example, but almost no one is still using Windows 3.1 anymore despite how revolutionary it was at the time. Perhaps we will start to migrate to another currency and synchronize this with the missing Bitcoins so that in 20xx we will be fully migrated to something else. Personally I don't think it exists yet, but I'm sure there will exist a crypto much more effective than Bitcoins (or any crypto for that matter) in a few years. If this is so then the very last Bitcoins could potentially be worth several millions of dollars.
Yeh, no one uses Windows 3.1 any more, but they did move to Windows 95, Windows XP, Windows Vista, Windows 7 and Windows 8... See the pattern here?? Windows OS's are used by 90% of the world. You see what I'm getting at. Yes maybe no one will use bitcoin version 0.8.5
beta in the future, but they will be using bitcoin version 1.0, then version 1.1, then version 2.0, and so on, and so on. I don't think the copy and paste cryptos will amount to anything as like some operating systems like OS/2 from IBM. Bitcoin will be the currency of the future and if you cannot understand why then you may need to do some more reading. Don't get me wrong, I don't think I know enough yet and and I've been reading trying to learn more about bitcoin for 8 months now. One thing you're not understanding is bitcoin is open source crypto and is constantly developed by some of the smartest crypo developers in the world and will just get better and better. Even
Satoshi Nakamoto would be proud at how bitcoin has come along and is the talk of the world. Do you see any other cryptos doing this now or in the near future?? I don't think so.
this is what I think of other crypos trying to take a piece of the pie, but unfortunately or fortunately ain't gonna happen.
merv77