How high can Bitcoin's price really go?steemCreated with Sketch.

in bitcoin •  7 years ago 

As we all know, Bitcoin has been growing rapidly and dropping from time to time. Everytime Bitcoin reaches a certain value, there are people who think it really can't go higher, but everytime they are wrong! Everytime they said Bitcoin couldn't go higher, it actually rose far above the level people considered impossible.

Therefore, I decided to write an article about the highest value Bitcoin could ever rise up to. Please note that this will most likely not happen and is purely to eliminate confusion, to amuse readers and to encourage people to follow me. (Yep, I'm that sad) Don't cry too hard already though... It's not going to be too low quality and it's going to be easy to understand for anyone :) And who knows.. Maybe Bitcoin will ever rise to an insane value? Anyways... Let's start!

The maximum value of Bitcoin will be expressed in USD value, assuming that the USD value stays the same all the time and that it won't change a single bit... Although it's obvious that that won't happen in real life, it's purely for comparison uses.

So, a Bitcoin wants to grow in worth? That means that more money has to be invested into Bitcoin. Because more money into Bitcoin = Higher value per Bitcoin. That's simple logic. So let's look at this wonderful image I made:

As you see, Bitcoin is nearly nothing in comparison with all money on the world! Nearly... It's still something! And something can grow to anything... And anything is... Everything! So what would happen if Bitcoin grew to everything? How much would each Bitcoin be worth then?

Let's use some basic maths to calculate it.. Today, all Bitcoins together are about 42.5 Billion. In my self-made awesome and wonderfully looking image, it shows that there is 2000 times as much money as Bitcoins, so there is about 85 Trillion worth of money in the world!

85 Trillion United States Dollars! You could buy hundreds of millions of houses with that! It's insane much, but if we get back to the question; How much can Bitcoin be worth? Well, let's just assume that there are 21 million Bitcoins by the time it's worth this much. That would mean that each Bitcoin is worth {85 Trillion / 21 Million} = A whopping [4 million] $$$ per Bitcoin

4 Million per bitcoin... So if you buy Bitcoins now, at the next drop, so at $2500... And then just hold them untill the maximum is reached... You would obtain a percentual profit of 159,900% (Multiply your money by 1600x).
So if Bitcoin takes over the world, it would become worth $4 million bucks! INSANE right! If it happens and you put your $1000 in it now, it will be $1.6 Million then!

Bitcoin Price graphs.png

As you see in the graph, the rise could already happen in 2018! Start investing now, or you might lose out on the trend!!!
No, but seriously, it could easily rise to $10,000 or higher, as that would mean it's still only 0.2% of the maximum...

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A 4 000 000 $ bitcoin can be realistic ... but in 50 or 100 years maybe ?

I don't know how much will cost a bitcoin in few years but i'm pretty optimistic that it will skyrocket way above expected.

Nice graph btw ;)

Thanks man! :)

And I also think cryptocurrencies will skyrocket. Not sure if it's Bitcoin, as Bitcoin currently has its drawbacks, but if those get fixed and there's no much better cryptocurrency... Then Bitcoin will surely skyrocket up to the tup!

I feel 1 million Will be Max, but That's also a long shot

Quality post by the Main man

Ty man

Great post man keep up the good work!

Thanks!

Warm welcome @pizzachain! good to meet you! Feel free to ask me questions and to follow me.

Good points in this post. Thanks for bringing this to my attention. The current total market cap of all cryptos might seem high but blockchain is here to stay and will involve all our lives. I do see a bright future for everyone that's hold's their coins with a long term vision. I found this amazing platform: https://www.coincheckup.com I'm really enthusiastic about this site, they let you analyze every single coin out there. For example: https://www.coincheckup.com/coins/Bitcoin#analysis For a complete Bitcoin Detailed report

Thanks :-)

A little question... Why are you advertising www.coincheckup.com ?