Im seeing some new news articles from reputable agencies saying BTC can legitimately hit $37k or even $1 million.... sounds far fetched I know, but look at where it is now.... how nice would it be to have 1 BTC at 1 million..... droooool
well that can't actually happen, since that would be roughly equal to money supply of the entire world, meaning every single country has to adopt Bitcoin as the sole currency.
Total bitcoin cap would be 21,000,000,000,000
In 1990, total currency in circulation passed 1 trillion USD. After 12 years, in 2002 this total money supply in the world was 2 trillion USD. And just after 6 years, in 2008, this money supply increased to 4 trillion USD.
1 trillion = 1,000,000,000,000
Bitcoin can't reach $1 million, unless the dollar is losses its value by a factor of 100 or more.