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?
That's absolutely insane and is too much for a value of a digital currency which is not even under the protection of any government. Maybe in the future it is expected to be more expensive than now but it is really just hard to believe that its value will reach 1 000 000 DOLLAR! We'll just hope that Bitcoin will be more successful in the future.