Post
Topic
Board Beginners & Help
Re: will the bitcoin reach $1000 one day...?
by
DannyHamilton
on 24/06/2013, 21:42:34 UTC
Quote
Within a year or two, I think. With the caveat it might also drop to zero.
I think we see 50 sooner than 200 IMO.
This. Won't there be a limited number of bitcoins eventually anyway? Can't see it getting much higher than an absolute max of $1k.

Yes, there is a hard limit of less than 21 million bitcoins (2.1 quadrillion satoshi) created. This limit will be reached somewhere around the year 2130.

Wouldn't such a limit result in an exchange rate significantly higher than $1k?  Why would a limit on supply keep the demand from increasing?  I don't see the connection.