BTC is NEVER going to 1m

That would give it a 21 trillion market cap.

that is 3 times golds market cap.

you all are delusional, and signs of a bubble are showing. "this time its different" "new paradigm"

LOL

Other urls found in this thread:

99bitcoins.com/obituary-stats/
pastebin.com/ZUxTmR99
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Who the fuck claimed it was going to 1 million?

way too many ppl on here.

>Implying anyone thinks this
>Implying Bitcoin is the only thing
Wew. Stay salty nocoiner

im invested,

yall are just starting to show bubble signs.

im getting out soon.

99bitcoins.com/obituary-stats/

1M, no. But $100k is entirely possible in a few years.

It will almost certainly hit $21 trillion if it lasts until the last bitcoin is mined.
Also the Dot-Com bubble for example was around $6 trillion, inflation adjusted is almost $9 trillion in today's dollars, while bitcoin is pathetic $120 billion. You can't compare it to past bubbles either, because there is literally nothing to compare bitcoin to.
But hey bro, you feel free to call that top like every idiot since it hit $1/BTC

Market Cap doesn't mean shit, it's a made up number. First of all, there's no company issuing outstanding shares in bitcoin and you don't know how many are actually in circulation. Also, the market cap is derived from the price, the price isn't derived from the market cap. Just because there's a 21 trillion market cap doesn't mean it took 21 trillion dollars to get the price there. It just means it will potentially take 21 trillion dollars to buy every single bitcoin at that moment. Bill Gates could go to gdax right now and clear the whole order book and set a huge buy wall at 1 million. The price would be 1 million at that moment, and the market cap would be "21 trillion". Does it mean Bill Gates just put 21 trillion into the market? No, because the market cap is a made up number derived from the price.

fine, nobody needs you onboard

Market cap is how anyone with financial knowledge evaluates the size of an asset (it's not the only metric, obviously). Only brainlets think market cap is equal to how much money is invested into the market.

...

Then I don't understand OP's argument. Price is determined by supply and demand so there's no barrier from it going to 1 million. Is he just saying it can't be big because then it would be big?

Yeah basically "how could something useless be 3x as big as gold". I don't know about BTC specifically but I fully expect the market cap of crypto as a whole to surpass gold by a significant amount.

Not saying it will happen anytime soon, but why wouldn't it be able to be more than gold?

BTC is far more accessible for 99% of the world population than gold. It's also more scarce, easier to transact and divide and can't be confiscated as easily by governments.

Don't forget that in the meantime, the USD$ will lose value to inflation, causing both Bitcoin and Gold to go up.

yes, that is the argument.

>1 million dollar bitcoin is just TOO BIG.

In what time frame? This decade I'd agree.

But who knows in a few, I mean the world economy is growing rapidly, USD is losing value out of inflation, more and more people are born in a world in which bitcoin already exists.

Over 100 million people are born every year, suer the majority will be poor, but if even 1% of them won't be poor and 1% of them will put significant amounts in bitcoin then that's still 10000 people a year just being borns. Don't forget all the old people dying, leaving their vast wealth to a younger generation that is more likely to buy bitcoins.

Demand is growing and in a few decades, a 1 million $ isn't unthinkable.

You are beyond retarded. None of these coins will matter in 20 years.

How would you know?

Bitcoin just has this status of first cryptocurrency that it will never lose. Even if it won't be a million $ each, surely it will still exist.

You're retarded for being so confident in what will happen in 20 years when he was just analyzing a possibility.

pastebin.com/ZUxTmR99
3. CURRENT CAPITALIZATION OF THE BITCOIN 35,788,210,511 USD
FOR EXAMPLE RUSSIAN BILLIONER ALISHER UZMANOV MAY BUY THE HALF OF ALL BITCOINS
USA MILITARY BUDGET - 611,000,000,000 USD
USA DEBT - 18,984,100,000,000 USD
GOLD IN THE WORLD 31553,2 TONS = 1,278,960,782,690 USD
BITCOIN SIMILAR TO GOLD FOR ACCUMULATION AND SIMILAR TO DOLLAR FOR MONEY TRANSFER
THE ONLY THING THAT PREVENTS THE BITCOIN FROM BECOMING A WORLD CURRENCY IS ITS LOW COST
AT THE PRICE OF 10,000,000 USD FOR 1 BITCOIN IT ALREADY CAN REPLACE DOLLARS

what will matter in 20 years?

>people will NEVER buy phones for $500
>that's 10 times what my phone cost
>you all are delusional, and signs of a bubble are showing. "this time its different" "new paradigm"

I mean sure that all makes sense if you ignore the fact that gold is dated technology and crypto is the hot new shit slated to shake up finance and every technological sector.

I wish we could all just get along and work together to figure out what might happen.

Fees and tx time need to come down bigly, also scale. Main problem with adoption rn.

I'd be happy with 100k desu

And none matters now. The retarded one is you.

Idc about gold bs. Crypto was designed to avoid these things. If you don't think these issues are important for adoption m, you're delusional.