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.
if bitcoin hit $1m by mid-2020,lot of new millionaires, billionaires and maybe even trillionaires will be born.If that happen,it change the entire society.The people have their savings will became the richest person.The people who don't know about crypto currency will badly affect.If they reduce to lower class from upper class,there is no surprise in that.
Agreed, based upon the holding each and every user will get turned as billionaires and so on. With the growing market this is achievable, and in particular the halving by the year 2020 will support for a massive growth. Else, if there is no growth, we might be just speculating in a positive manner expecting good growth which might push the price forward to some level.