Could bitcoin be worth a million

Although it seems in that scenario the right question is what will 1 USD be worth? I think the btc price is going to rise consistently as it has been in the past and drop consistently too following its pattern and 1 million dollar predictions are irrelevant and made by attention seekers. I think segwit will make a large difference to its overall accessibility as it will make things cheaper and faster, and think it's only a question of when crypto currencies will be adopted just look at the overall currencies that are left for most of our countries, they are pretty much all facing down bearish markets.

Also I think cryptos currently at the moment are more like commodities like gold so when currencies are weak people invest in these things. I'd like to see a Gajillion dollar price tag, but agree with your analysis on the 1 mil to 1 Bil price tag.

But Bitcoin has got to successfully work through it's scaling issues before we see this all happening. In either case I'm holding onto my Bitcoin! The price of a coin should depend on the quality of the product, the team behind it, if proffesional investors believe in it, and a lot more facets.

Do you know this interesting site? I don't know any other sites with so much indepth analysis. Bitcoin To Be Worth 1 Million or 1 billion a coin??? Bitcoin would have to become more secure and user friendly, with support companies making it as easy to buy and sell as any other currency onto a credit card.

Examples of BitPay and the Shift Card, where crypto and Visa work together to make bitcoin spending anywhere more feasible is an example of how this is already in the works.

A loss in confidence in the US Dollar and other currencies abroad. I'd like to see a Gajillion dollar price tag, but agree with your analysis on the 1 mil to 1 Bil price tag. But Bitcoin has got to successfully work through it's scaling issues before we see this all happening.

In either case I'm holding onto my Bitcoin! The price of a coin should depend on the quality of the product, the team behind it, if proffesional investors believe in it, and a lot more facets.

Do you know this interesting site? I don't know any other sites with so much indepth analysis. Bitcoin To Be Worth 1 Million or 1 billion a coin???

Bitcoin would have to become more secure and user friendly, with support companies making it as easy to buy and sell as any other currency onto a credit card. Examples of BitPay and the Shift Card, where crypto and Visa work together to make bitcoin spending anywhere more feasible is an example of how this is already in the works. A loss in confidence in the US Dollar and other currencies abroad. With Russia and China already trading oil outside of the petrodollar, the trend with the looming derivatives bubble is making this more and more of a possibility every day.

With all currencies so closely tied together on a global scale, one domino falling could lead to the whole house of cards collapsing. Following a loss of confidence and an exodus of fiat currency, nations will adapt. With Japan already recognizing cryptocurrency as legal money as of 2 months ago and Russia, India and Australia on its way, Western nations will feel the pressure and fall behind as they are late to adapt.

However, early adopters individually will be able to prosper during these times. Let's call that the average amount of Bitcoins that each person will eventually have once the BTC price finally settles into an equilibrium many many years from now in the distant future. But we don't need to wait for the distant future to get rich, Bitcoin holders will probably be multimillionaires long before Bitcoin reaches equilibrium. So if you have at least 0. Let's take this a step farther to estimate what an entire Bitcoin will be worth at that point in the future.

Those numbers probably aren't accurate for the entire planet, I think they probably only counted 'developed nations' but since we're talking about some time in the future then we might assume that all nations will become 'developed' by then. When everyone on Earth is using BTC and the average dispersal to each individual over time settles at just below 0. Because as Bitcoin is making moves towards becoming the global standard currency, the dollar is declining in value.

Most likely if and when Bitcoin takes the dollar's place in the world, the dollar will become less valuable also inflation makes the value of the dollar go down anyway, thanks government. All that assumes Bitcoin will reach global acceptance and will eventually approach equilibrium, which was possibly Satoshi's original vision. But there's still some challenges that Bitcoin will have to overcome. The recent Bitcoin Cash Fork is a sign of some of Bitcoin's limitations.

As the value of fiat approaches zero, the value of crypto will approach infinity. So it's not really hard to pull a number out of thin air and say that Bitcoin will someday be worth that much, but it sure is fun: That's my story and I'm sticking to it. Mark my words, if you have at least 0. Just hold onto it for the long term. I think Bitcoin is not going to be the leading Crypto in the future so therefore it will be replaced by a better coin with better technology.

But it will still remain as a coin with value or better saying digital gold: God I love math. LOL this is so dope i hope it comes true. Cause poeple cant argue with number!!! I am curious about one point you made: Although I understand what distinguishes fiat from crypto, I'm not a great economist, and I'm wondering how you arrived at this inverse correlation.

I'm glad you asked. Basically, if the dollar ever becomes worthless, in other words if the value of the dollar is zero anything's, then any 1 thing should be worth an infinite number of dollars even if there aren't that many dollars in circulation.

So as we approach that zero-value-horizon of the dollar then we should begin to see the value of bitcoin and basically everything to be honest raising up inversely against the dollar.