Re: What would happen if Bitcoin did hit $1m by mid-2020?
Millennials will be the new young millionaires for this generation. Go back to the past and see how many people doesn't believe and it's a question when someone asks if bitcoin would hit $1,000. It may be possible for some and others won't believe, it's hard to say if the prediction would be accurate or not. But if by chance this comes to us
Do you think this would have a large impact on society?
Definitely.Would this cause nocoiners to become the new low class?
Not really, there are no coiners who are rich enough.Would prices of every day goods rise?
If bitcoin hits $1,000,000 then world's economy is likely to get affected but it doesn't mean everyday goods will rise.Would Fiat currency even be worth anything?
Fiat will remain and its worth will be there.Or would we just have a lot of new money in an otherwise unchanged society?
A lot of money from the well known wealthy people will be allocated to the holders.