If what these business leaders say is true then Bitcoin could hit over a million dollars per coin in the next ten years.
That's a bold claim but is it really possible?
There are a lot of indications that point to that possibility but watch this video and you decide.
Is Bitcoin Guaranteed To Hit $1 Million By 2020?
What do you think the price of Bitcoin will be by the end of this year, or in 5 years, or 10 years?
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which bitcoin are you talking about?
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Good question :)
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I don't know if anybody can guarantee anything with crypto. One million is a bold claim, but so was $4000 a couple of years ago. $10.000 seems certainly reachable now and that's just the foreseeable future. I think Bitcoin has a good chance of reaching crazy heights. But, it could also be different.. for example another cryptocurrency may become the dominant and most valuable one. Ethereum has come close already to dethroning Bitcoin, and we are only in the early stages of blockchain development. Who knows what the future may hold..
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It is interesting that the conversation has changed from whether bitcoin is real or not to which crypto will win. I think the alts will win the transaction space because of their speed and inherent lower cost. But Bitcoin remains the trusted entry and exit point for most which means it will at least get the benefit of the bulk movement from Fiat into crypto. That keeps it in demand for some time. $50,000 is my near term "wouldn't it be great" thought. At $1 Million i worry about the distribution of wealth issues. Not sure how many Bitcoin Roger Ver still has.
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Still depends on when near term is though.. If it's by the end of this year? I dunno.. it would have to go quite parabolic still. Right now I wouldn't dare to really bet on how high it will go in the short term. The market seems way enthusiastic.. price doesn't look like it wants to drop much at all. Once we breach $5000 the whole world is going to go insane. At some point maybe next year the FOMO will be unstoppable!
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I guess we should always define our terms. For me long term is greater than 10 Years. Mid term is 3 to 5 years. Short term is anything less than 1 year. Perhaps in this world I should look at redefining my terms since everything changes so quickly. I have a personal goal of doubling net worth every 3 to 5 years from all sources. Cryptocurrencies are becoming a valuable contributor in a very short time.
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Ahhh, no man, in crypto the numbers are different.
I view at it more like:
Short: 1-4 weeks
Medium: 1-6 months
Long: longer than 6 months
greater than 10 years is folly in a sector as new as this... And you'd be doing yourself a disservice looking at that length of time when there is so much to be had when looking at a shorter timespan.
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Ha ha OK I will step it up. I have only invested a small amount of money in crypto so far and I should be doing more. I have invested a lot of time in it though and that mainly through Steem. I am one year old now so that could be my new definition for long term. I actually think that should be my minimum period anyway because of the IRS rules on capital gains. Tax returns are going to turn into spaghetti if I have to trace my way through all of the trades that I am inclined to do when my outlook is short only.
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I think as long as you don't convert it to fiat, and switch it between crypto's, there is no taxes in the meantime to do. Like, the USDT on exchanges isn't actually dollars... it's a crypto that's worth 1 dollar. So if you sold Bitcoin for USDT you did not actually sell for fiat and thus did not make capital gains? I dunno.. I am not an expert and I am not sure there's even clear rules on this yet
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1 million in 3 1/2 years... hmmm... Im thinking more along the lines of 50K in 3 years, rising exponentially every year is probably a stretch - but 1 million by 2030 is possible... IMO
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I think it will hit 1 million on one condition..
People need to forgot about this idea of cashing out in a blaze of glory 10 years from now..
If everyone cashed out the market would collapse.
All we need to do is SPEND the bitcoin.. using ATM cards. Then the money is just transfered around and used.. generating more bitcoin.
You don't need to cash out to fiat if you can buy everything you ever wanted with bitcoin.. you could live of your cryptocurrency earnings for the rest of your life.
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No, no, because when you use an ATM card what happens behind the scenes is that your crypto gets sold for dollars and the merchant receives dollars. In essence if you spend crypto this way, you are 'selling' your crypto just as if you were selling it on the open market.
The only way to keep crypto within the system is to find merchants who allow payment in crypto but which will actually hold that crypto instead of cash it out for fiat. We're still some ways off from that point.. We may get there sooner if we do spend the bitcoins first, to get merchants used to the idea.
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Thx for this post: upvoted. I hope 💪....Bitcon continue to grow every seconds.... ..plz do check my post... I'm into photography and art.. Thx.... followed u now.
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Wouldn't it be nice?
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Whatever price it is, it'll likely rise in "fiat value" due to inflation. $1 million today likely won't be nearly as much as $1 million in 5-10 years if fiat continues to die.
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Maybe it's yes surtot that Analysts and traders confirm that Bitcoin has a brilliant future and speculate on the value of Bitcoin in the future, where some said it could reach up to $ 15,000
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I also post about bitcoin in Indonesian.
Dont forget visit my blog..
IAM STEEMIAN INDONESIAN
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I've seen so many of these and the answer is of course NO. that just isn't a thing. if it were 1 million just one trade would take weeks and cost 100,000 dollars or some crazy shit. something will take bitcoins place. probably not invented yet but No bitcoin can not go over about 20k
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