Loading ...Bitcoin to $1 Million
45% of the world’s population are millenials or generation Z. They won’t be using gold as money. The future is digital currency that is under nobody’s control except the hard coded mathematical protocol.
I believe Bitcoin will hit $1 million sometime in the next several years. $3 million is a possible stretch target.
Bold call dadoc
Are you not concerned something “better” will come along before $1 Million and make BTC obsolete ?
Or maybe hyperinflation will make $1 million be worthless ?
Fully its possible, but consider the network effects of Bitcoin
1) first to real ETF status (gold skyrocketed after the ETF approval)
2) it has a worldwide network of ATM machines. The largest of all cryptocurrencies
3) never been hacked
4) longevity
5) widespread support for payment systems
While others can come along Bitcoin being the first and oldest will achieve greatness first. The infrastructure is in place and continues to be built. Except for Litecoin I don’t think something else will usurp Bitcoin.
Bitcoin will be digital gold and take it’s place like Gold did in the 80s taking up a minimum 5% of all assets. That would put its market cap in the vicinity of $15 trillion assuming $300 trillion in worldwide assets not including derivatives. This doesn’t include the Means of exchange utility as well so that is how I fundamentally get to $1 million Bitcoin price.
I could be wrong, but I think it behooves everyone to have 1 Bitcoin just in case…
Great points Dadoc1 !!
That was my thought when I bought my first BTC on the 1st of January 2017.
If it goes to a million I want at least have 1.
All the best to you.
I know I’m not the sharpest knife in the drawer but I still think that money ($USD) is only what the government says it is (including gold).
We watched The Music Man last night and Professor Hill seemed to be the embodiment of bitcoin.
People also have something to say about what money is !!!
In Kenya people started to use phone credit (conversation credit) to buy things in stores (by chance and necessity).
After some time phone credit rose and surpassed the local currency and now has a share over 60% in the economy !!
Many occasions in history show that people (not government) decide to what they give value !!
Cheers !
Thanks, Dangermouse. But, where does the money for “phone credits” come from?
I’m very thick today. I can’t understand where these credits come from.
Thanks.
The corrency is called M-PESA
https://www.google.ch/amp/s/www.cnbc.com/amp/2013/11/11/cashless-africa-kenyas-smash-success-with-mobile-money.html
The currency is called M-PESA
https://www.google.ch/amp/s/www.cnbc.com/amp/2013/11/11/cashless-africa-kenyas-smash-success-with-mobile-money.html