According to various sources there are between 15 and 35 Million dollar millionaires globally. It is difficult to say but it is somewhere in between.
It is important to note the word Dollar :) as there are many millions more other currency millionaires. If we only look at Zimbabwe there are probably more billionaires, or to put it differently everybody in Zimbabwe was a billionaire at some point due to their idiotic leader just printing more money, but that is not where I want to go today.
There will only ever be 21 Million Bitcoin issued.
It is remarkable to think that there will most probably be less Bitcoin issued than there currently is Millionaires in the world. Just think about that for a second… One of the main things that will give Bitcoin its value in future is its scarcity. It is still very possible to get your hands on Bitcoin as there is new Bitcoin mined every 10 Minutes. The future will however be a bit different.
I do not believe that Bitcoin will be the one and only crypto in the hands of the masses. Sure the network operators are trying to address the scalability and speed of the coin. In my opinion this is not really necessary as I believe that Bitcoin has a purpose. So does all the other crypto's in the world. Bitcoin for me should be used as a measurement and benchmark standard for the other coins. Like we had gold in the olden days. You could only print as much money as the amount of gold your country owned. Again this is just my opinion.
To use another comparison to gold, is that Bitcoin has value for the same reason gold has value. People want Bitcoin and there is not enough to go around. You can't just create more gold, and at some point nobody will be able to create Bitcoin. It will therefor become scarce.
The future price of Bitcoin.
I have read various sources indicates that Bitcoin can go up to as much as $10 000 even $15 000 I the near future. Even in this year 2017. I am not giving financial or trading advice whatsoever, but what I do know for a fact is that I am going to buy at least 1 Bitcoin for my 3 and 7 year old daughters. Hopefully this will be worth something on their 18th Birthdays. If it is not, well I haven't lost much have I?
You can read more about this on Coin Telegraph - Bitcoin Price Might Exceed $1 Million, More Millionaires in World Than Bitcoins
Happy Steeming!
I truly believe the growth is still going to be phenomenal!! These are still early days 👍🏻
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Buying 1 bitcoin for your kids education, might be a much better investment than savings bonds or an educational money-market account.
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Somebody mark the date. Let's check the return in a few years. Bitcoin versus an educational savings account.
...the result might start a new trend.
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If it hits millions per 1 Bitcoin I doubt they will still want to go to college..
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I feel blessed to have a fraction of a Bitcoin, now I want more 😎💰💰💰, someday I will get a whole BTC 😉
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Bitcoin will be the highest currency used worldwide soon... I believe that
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Bitcoin has been losing a lot of market cap. With all this potential in the market, it would be a shame if only one coin ruled.
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IMO, bitcoin will have a price cap, the old technology will eventually be replaced with the new one, same thing can happen to bitcoin, it will reach a very high value but as soon as it becomes so scarce that it's hard to get, people will move on to the next thing.
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I am not sure if Bitcoin will ever reach that level. I am very sure it should rise in price overtime. My view about Bitcoin is that it functions more like a store of value and an unofficial reserve currency/benchmark for crypto.
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It probably will. In the next 15-20 years imo.
Love your thinking man.
You are a smart man and that 1 BTC will probably be worth atleast 10-20x more when they turn 18.
Much better than giving it to the devils in the bank.
@originalworks
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Nope..no chance!
The technology is revolutionary, it was the start...it simply opened the door
Think of it as similar to the industrial revolution!
There are many alt-cryptos that are already technologically superior than Bitcoin
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I'd guess not, if for no other reason that that other cyrptocurrencies are bound to outperform it in functionality, technical capability, and scaleability...
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Well, Bitcoin became the canon cryptocurrency.
But I believe that in future when other coins became stronger, we may meet the domination takeover.
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with USD inflation it sure will..
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I have plans to buy 1BTC for my child as well. It will be extremely interesting to see how much it's worth in 17.5 years when he is 18 years old!
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I agree with you. On the long term, I am pretty convinced crypto is a no-loose situation. I can't foresee how things could collapse, with respect to where we are today.
This is why, IMO, it is still the good time to collect them :)
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https://postimg.org/image/hukd3tgs5/3372f0a9/
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Whatever it is Steemit has helped noobs like me
Into the world of finance and trading!
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Bitcoin has a.great potential. We've seen it grow years after years.
But yes. I dont think itll reach that amount.
But whatever happens, whatever price bitcoin will reach.
I know this is the future. Cryptocurrency will be the future.
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Bitcoin would go bellow 2000 $ mark beafore reach 7500 $ so good time to bee ready for a dipp!
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That is a great idea!! Damn, I am going to do that for my daughter!
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I think we should all buy our children some Bitcoin and then forget about them for a few years. Not our children, the Bitcoin :)
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Hehe, yeah. Glad you added the clarification there :0D
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Famous retailer announced in New York, they will accept bitcoin for the trade and sale of didmond and Luxury jewelry. Bitcoin is now treating like Gold &Diamond. Dreams come true to reached at ** 15Thousands dollars**
Impressive sharing with * 15Thousands dollar predictions*
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the sooner the better for all...the train has left the trainstation with few passengers on the front seats all other seats still vacant...waiting to be filled on the ride up..
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bitcoin will definitely go up in the nearest future especially when its fully mined however the price cannot be determined because we have a whole lot of other coins that can as well serve the same purpose of bitcoin
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even if it reaches there it will take a lot of time :)
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The value of Bitcoin grows every hour, so if growth tempo won't stop, theoretically the answer will be YES. However, this is possible only in spherical vacuum. Worlds Economy does not allow something to grow exponentially, especially if the object is considered as currency
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A fixed supply does lead to those calculations making sense people laughed when I said bitcoin could hit 10K USD people were surprised when it hit 1K well sitting at 4 to 5K I don't doubt a million at all when fixed supply is considered.
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Thanks for the comment @freedomno1. In my very optimistic opinion I totally agree with you :)
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Long live Bitcoin. Make them blockchain programmer and make more money. Bitcoin is better than saving and bonds account.
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I also tend to see the role of bitcoin in the future as a reference value, not so much a transactional currency.
Bitcoin just has to represent an alternative. That will be enough to succeed.
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I have been topping up on Bitcoin every month since 2014 and I have also started using my gaming pc to mine using nice hash miner for the past few months and I have to say, even if the price stays where it is, at least my graphics card pays for itself and for my games
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I pay my kids for some chores in Bitcoin - 7 and 12 yo. They each have a wallet and a small understanding. I am teaching them to hodl and reap the rewards when they get older.
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It's a smart idea to invest money to bitcoins, for your future. Because bitcoins will be the higher currency than dollar.
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For the end of the year Bitcoin will touch 5.000$. Within the next 2 years it's very likely that reaches 10.000 dollars! Certainly, at the moment, is one of the most secure long-term investment you can make!
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Dreams, dreams and again dreams! It will be amazing but honest to be i don't think it will jump that high... on a personal and optimistic opinion i think 10k will be the max if will ever reach that high.
But we never know... sometimes dreams comes true!😉
One thing is for sure... cryptocurrencies are the Future!
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I have been known to be over optimistic 😂😂😂. Thanks for a great comment @georgemales 👍🏻
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😂😂😂 looks like you are a bit over optimistic! Great blog as well!
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Thanks :) Let's hope blog some look back to this blog someday and think ... wow JacoR was actually correct :)
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Why do you think 10K is the max? For bitcoin to to really work as a currency and be less volatile it needs to be higher than 10K. With only 300k wallets having a value of 5k or more there is still so much room to grow. The higher the price goes the more functional it actually becomes
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We will see!!!😉
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Who's to say that bitcoin is the future?There will be better crypto out there. Lower transaction fees, better technology. Is all about picking the next microsoft/apple after the age of xerox.
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Bitcoin's value is rising crazy, it is a very good investment method but, it is still very sensetive. this means it has risk. because, lots of goverments are aganist it and they have very big fight versus bitcoin. when bitcoin is normalized like any kind of currency, bitcoin become highest rated currency ever.
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We are technically still "innovators" as opposed to early adopters. Let that sink in for a moment
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Wenn ich nur in die Zukunft blicken könnte!!???
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The history of fiat currency suggests there’s a 100% probability the dollar goes Zimbabwe, the question is will bitcoin be around when that happens & if we will be in such a hyperinflation spiral that it doesn’t even matter what the price is
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