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?
Yes it could happen, if it becomes huge and used worldwide in trading and financial businesses, for interest towards bitcoin I am very sure this is going to happen very soon. Bitcoin is always thought as million dollar dream by many of the crypto users in the community
Yes, everything can be happen, the current price of Bitcoin proved the world always has surprise. It made many people regret and wish to back the past (included me haha). However, 1 Million Dollar is not a small amount. We should to imagine the reason can make the price of Bitcoin increase to this value, maybe, it is related the world's economy.