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?
Wow first off good for you for thinking this in 2015. I was not even around in crypto but had a whiff of bitcoin at this point, but amazing vision nonetheless. I think it is entirely possible if you had asked me earlier this year I would have said not. Now I have re thought the power and what bitcoin stands for and it is bigger than a market, and it is bigger than any one person. It is an assault on the current criminal system that is in place with which we are going to replace with a peer to peer system in which nobody can shut down. 100% possible and I want to see this happen in my lifetime if not in the next 5 years of my life.