What will be the value of one Bitcoin when the number of users (people that will want to use Bitcoin) will hit 21 millions?
At this point, if each user wanted to have 1 Bitcoin, will have to pay a certain number of $ or or Y, whatever. I'm going with $ just because it's the most used around the world.
How many $ do you think that person, the n. 21 millionth, who wants to buy 1 BTC will have to pay to obtain it?
My wild guess is: 160000 $.
At this point, if each user wanted to have 1 Bitcoin, will have to pay a certain number of $ or or Y, whatever. I'm going with $ just because it's the most used around the world.
How many $ do you think that person, the n. 21 millionth, who wants to buy 1 BTC will have to pay to obtain it?
My wild guess is: 160000 $.
A lot more than we thing probably. Always take into account there are way less coins available than 21 million, a ton of them are lost forever, and a lot more aren't even mined yet, so if that threshold is surpassed the price goes higher. I cant honestly give you an exact number. I like the Xapo's CEO prediction: between 500.000 and 1 MM dollars.
Not to forget Satoshi's coins, which I think will never be used.
21 million users is not too outrageous. It is just 2% of facebook's active users.
I would say $10k will be breached when this happens.
Once you are aware that Bitcoin exists something enters your mind: You are on a never ending battle to obtain at least 1 full BTC. I think every single person that is supportive of BTC owns or is on a mission to obtain at least one.
If 21 million have that mindset, the price would explode.
Mhhh that's quite unrealistic: consider all those companies that need hundreds or thousands of Bitcoins to work, like in exampe remittances services.
But you are right that some people will just want that ONE BTC in their pocket, because why not
The problem is, price will rise... and rise... and rise... to a point where very few people will manage to get that ONE btc.
Bitcoin value will be so high that only fractions of BTC will be bought by common people.
That's why we early adopters, even today buyers, are very lucky people.