Hello community,
some Bitcoin predictions are euphoric, some pessimistic, but some experts emerge, who fantasize Bitcoin even in unimaginable regions. One of these fantastic predictions: Bitcoin will be worth a million dollars in 10 years - is this possible?
What do you think is that realistic? Please tell me your opinion in a post, would interest me as you think about it.
best regards
Steemornot
Of course it's possible. There are only 16 million BTC at the moment. If you want to give everybody on the planet an equal share, everyone will get something like 0.002 BTC. Biggest threat for BTC is the exponentially increasing power required though imo. If the number crunchers do not become more energy efficient, we'll need a battery of nuclear power plants to produce enough "Proof of Waste".
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If Bitcoin plans to use it worldwide as a means of payment, they have to increase the volume anyway. The value then would not increase so rapidly.
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The total is fixed on 21 million.
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Welcome to Steemit @steemornot :)
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I totally beleive it you guys, and so does bill gates. Go bitcoin!!
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I seriously doubt Bitcoin will ever reach that high... I think it might get to 10k a coin at the maximum. The reason I say that is while bitcoin is the top dog, I believe that Ethereum and other coins will eventually overtake Bitcoin. The reason is that bitcoin is more expensive, less secure and has longer transfer times. Also you cant really mine it anymore unless you have a server farm.
Also remember most of bitcoin is owned by only a few people who can flood the market whenever they want. The original inventors and miners hold most of the coins which can make it hard for new miners to get in and makes a lot of people want to stay away.
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Because of these kinds of predictions I will create a 1 BTC paper wallet, give it to my father to put in his safe and not let me get it back before 10 years from now 😅
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Maybe it's possible
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I keep a lot of Bitcoin. But I have doubts that he will reach this hurdle. I think it will not be easy, because other currencies such as ether are getting stronger and have a lot of potential where they have not reached for a long time.
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Watch out for LBRY, Decred and Stratis
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