Re: Do you really believe that Bitcoin will hit 1,000,000
I think 50 to 100k is possible in the far away future if a lot of things come together
1m is just a ridiculous number, far too abstract almost
1m is just a ridiculous number, far too abstract almost
Just because it seems "ridiculous" does not mean it isn't possible.
Many people thought $1000 a coin was a ridiculous price and it would never get there.Once all the BTC is mined there will be 21,000,000 BTC in circulation.
If one BTC is worth $1 then the market cap of bitcoin would be $21 million
If one BTC is worth $100 then the market cap of bitcoin would be $2.1 Billion
If one BTC is worth $1,000 then the market cap of bitcoin would be $210 Billion
If one BTC is worth $100,000 then the market cap of bitcoin would be $21 trillion
If one BTC is worth $1,000,000 then the market cap of bitcoin would be $210 Trillion.
As of 2012 the GDP of the US was ~15 trillion dollars and the GDP of the world was ~46 Trillion
Does it still seem plausible for bitcoin to reach $1,000,000?