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Quote from: Enjorlas on October 11, 2015, 09:50:25 AM

For 1 Bitcoin to be worth $1,000,000, the total market cap of Bitcoin would have to be $21 trillion dollars. What are the odds of this happening?

For reference, the amount of physical $dollars and coins in circulation are around $1.2 trillion. The global M2 money supply of all currencies are around $45 trillion. The market cap of all mined gold is around $7 trillion.

Will 1 Bitcoin be worth a million dollars? Half a million? Thoughts?

Based for the statistics you pointed out, I am convinced now that one bitcoin will never be worth as much as one million dollar, except of course if the dollar became a banana coin with hyper-inflation making its value close to nothing.

Bitcoin does not need to increase its value to a high price like 1 million dollar and get trouble to calculate the value for daily using. Bitcoin is an asset but it is also a currency. I do not hope Bitcoin will become only an asset and give up its first nature of Bitcoin created by Satoshi Nakamoto.

If Bitcoin reaches $1million, one single Satoshi will be worth around 1 cent. So there wouldn't be any problems at all with the right scaling and people could just buy their fast food for 500 Satoshis.

If that will happen there will be no problem for us because we will have a lot of money when we will have even just a single bitcoin in our wallet and it could be easy for us to reach our dreams and also we don't need to worry so much about it because we know that when we will have our earnings it would be worth it.