Post
Topic
Board Speculation
Re: BTC can reach 1Milion $?
by
CoinNation
on 28/10/2015, 21:57:10 UTC
it need to have 3333x bigger market cap than what it is now, which mean 12T, this mean that it need to sucks a monstrous value out of fiat money

adoption would be full at that point, surely more possible than a collision, but saying that it is possible does not mean that it will happen...

Yes, this.

Global M0 money supply in US Dollars is roughly $2.5 trillion.  Global M1 money supply is $10.5 trillion.

So, sure, MAYBE bitcoin could get to $1 million...if it replaces the USD as the prime international currency.  And the economy grows another 20%.  And pigs stat flying. 

This will not happen in 10 years. It may happen in 30-50 years. And it is not $1m in today's US dollar. It is in 30 year's US dollar.