Post
Topic
Board Speculation
Re: BITCOIN WILL COST $500,000 BY 2030
by
Febo
on 27/06/2017, 16:43:22 UTC
Hello everyone,
Right now in France there is a great debate around the bitcoin. Many people predict huge multiplications of the price of the bitcoin. I found an article in a serious French newspaper that predicted a price of 500k $ of 1BTC in 2030 !
In your opinion, is it imaginable?


Links:
French: https://fr.express.live/2017/04/10/2030-bitcoin-vaudra-demi-million-de-de-dollars/
English: http://bitcoinist.com/bitcoin-will-cost-500000-2030-snapchat-investor-liew/


13 years is a lot of time. Almost double as much BTC exist. Price can be any high. You also need to understand that you will be able to buy way less with $500k as you can now. Somewhere from half less to way more less. So when you measure BTC value for so long you should use something else then $. Maybe Gold or Bread.   But in general such long predictions are useless. Rather predict price at year 2020 or if you are brave at year 2025.