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?
I don't think that the value of bitcoin will reach 1 mil $ but, here are great chances that in the next 10 years bitcoin will reach 100 000$, i know i'm a bit optimistic but bitcoin is an optimistic cryptcoin.