Why 1 bitcoin will be worth 1 Million Dollars

Few days ago we had the second halving of bitcoin in history.

But what does this halving mean and why will it contribute for bitcoin to be worth 1 Million Dollars one day? 

Let me explain in a very simple way, these are the amount of bitcoins generated every day since it was created:

Start (2009) : 7200.00000000 #start

Halving 1 (2012) : 3600.00000000 #Halving November 2012

Just with the first halving of 2012, 1 bitcoin went from about $5 to a max of about $1200 and STILL today it is around $660, that's about 130 times higher today and a top of about 250 times higher!

Now let's look into the future:

Halving 2 (2016) : 1800.00000000 #Halving July 2016

Halving 3 (2020) : 900.00000000

Halving 4 (2024) : 450.00000000

Halving 5 (2028) : 225.00000000

Halving 6 (2032) : 112.50000000

Halving 7 (2036) : 56.25000000

Halving 8 (2040) : 28.12500000

Halving 9 (2044) : 14.06250000

Halving 10 (2048) : 7.03125000

Halving 11 (2052) : 3.51562500

Halving 12 (2056) : 1.75781250

Halving 13 (2060) : 0.87890625

Halving 14 (2064) : 0.43945312

Halving 15 (2068) : 0.21972656

Halving 16 (2072) : 0.10986328

Halving 17 (2076) : 0.05493164

Halving 18 (2080) : 0.02746582

Halving 19 (2084) : 0.01373291

Halving 20 (2088) : 0.00686646

Halving 21 (2092) : 0.00343323

Halving 22 (2096) : 0.00171661

Halving 23 (2100) : 0.00085831

Halving 24 (2104) : 0.00042915

Halving 25 (2108) : 0.00021458

Halving 26 (2112) : 0.00010729

Halving 27 (2116) : 0.00005364

Halving 28 (2120) : 0.00002682

Halving 29 (2124) : 0.00001341

Halving 30 (2128) : 0.00000671

Halving 31 (2132) : 0.00000335

Halving 32 (2136) : 0.00000168

The real time clock: http://bitcoinclock.com/

So basically:

$0.01

$0.10

$1

$10

$100

$1000 <- Only one halving took you here!

$10000

$100000

$1000000

$10000000

$100000000

The more halvings we have, the less sell pressure we have on the market, as less and less bitcoins are created over time.

One advice to all: if you want a good retirement in 30 years from now, forget those ridiculous bank accounts paying 1% a year, just buy $100 of bitcoins today and in 30 years you will be a f*cking Millionaire!

#bitcoin