Obviously if this happens, a lot of new millionaires, billionaires and maybe even trillionaires will be born. Do you think this would have a large impact on society? Would this cause nocoiners to become the new low class? Would prices of every day goods rise? Would Fiat currency even be worth anything? Or would we just have a lot of new money in an otherwise unchanged society?
(Hopefully) obviously, this post is purely hypothetical and in reference to John McAfee's prediction.
$1m per coin in just 2 years would mean there are a lot of problems in the world economy and that a million wouldn't be worth much imo.
1 million in 15-20 years would be some kind of natural growth where I assume it would be worth something. But such a value in 24 months would be a catastrophe. So I'm talking about very strong inflation here. Therefore Bitcoiners wouldn't be the new super rich class.