Post
Topic
Board Speculation
Re: What would happen if Bitcoin did hit $1m by mid-2020?
by
neonshium
on 02/06/2018, 07:06:31 UTC
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.
Nothing much except popping some bottles just to celebrate our success story so far. However, that would really be some pretty crazy moment to look forward to considering the number of the people here so far are also going to end up millionaires in the long run.

The impact on the society would only be based on those who are the early adopters and how they end up making use of their new found wealth, so one cannot say categorically if it would have a certain impact or not.