Bitcoin: What Could 1 BTC be Worth After Mass Adoption?

Bitcoin: What Could 1 BTC be Worth After Mass Adoption?
фото показано с : bitcoinist.com

2019-8-26 00:00

Over the years many people have speculated on what the price of 1 BTC could be if the world switched to Bitcoin. If a large amount of global wealth moves into Bitcoin, the price would skyrocket. Here are some cocktail napkin calculations performed by community members, trying to figure out how far past the moon we may go.

Hal Finney: 1 Bitcoin = $10M

Hal Finney was one of the first users of the Bitcoin network, actually receiving the first transaction from Satoshi himself. Just days after the launch of the network, he was already considering what the price might look like if the market cap of Bitcoin equaled the total value of all wealth in the world. Speaking on the cryptography mailing list;

Current estimates of total worldwide household wealth that I have found range from $100 trillion to $300 trillion. With 21 million coins, that gives each coin a value of about $10 million.

So the possibility of generating coins today with a few cents of computing time may be quite a good bet, with a payoff of something like 100 million to 1!

Back in Bitcoin’s early days, it was possible to mine using a simple consumer-grade machine. Leaving your computer on for days to maybe get some worthless digital coins doesn’t sound very appealing right off the bat. However, Finney did make a good argument. Those who mined in 2009 have seen some considerable returns.

The Scarcity Selling Point

One of Bitcoin’s most attractive qualities is the fact that it’s provably scarce. Unlike fiat currencies, which can be printed at will by the state, Bitcoin has a limited supply of 21 million coins that can’t be changed. Much more recently than Hal’s mailing list post, others have tried highlighting how scarce Bitcoins really are.

It’s insane how little #bitcoin is actually in circulation, a little under 18m coins.

Think about how few that is.

That’s not even enough for every citizen of Cairo to have just 1 bitcoin.

All you need is 1 and that will be life changing.

— Charlie Shrem (@CharlieShrem) August 23, 2019

Binance CEO CZ tweeted about this subject as well. Many people have commented that crypto-currencies could facilitate one of the largest wealth transfers the world has ever seen. Today’s hodlers could be tomorrows top 1%

If you own 1 $BTC, you are mathematically guaranteed to be top 3/1000 richest in the world, in BTC terms. (21m / 7B).

— CZ Binance (@cz_binance) August 25, 2019

These projections may be a little outlandish, but they aren’t completely out of this world. If Bitcoin becomes the currency for the world, it would shake up every financial system and allow for people everywhere to take back a bit of economic freedom in their lives.

Do you think cryptocurrencies will completely replace fiat currencies, or just exist as an alternative? Do you think Bitcoin has what it takes to be a world currency? Let us know in the comments below!

Images Courtesy of Shutterstock, Twitter: @CharlieShrem, @cz_binance

The post Bitcoin: What Could 1 BTC be Worth After Mass Adoption? appeared first on Bitcoinist.com.

origin »

Bitcoin (BTC) на Currencies.ru

$ 100621.12 (+1.00%)
Объем 24H $115.366b
Изменеия 24h: 3.49 %, 7d: 1.25 %
Cегодня L: $92791.64 - H: $100621.12
Капитализация $1991.852b Rank 1
Цена в час новости $ 10400.93 (867.42%)

bitcoin btc could price hal finney worth

bitcoin btc → Результатов: 126


MicroStrategy Strikes Again: $100 Million Bitcoin Purchase Signals Strong Market Confidence

MicroStrategy, the major enterprise software company that has evolved into a Bitcoin (BTC) investment platform, has captured attention once again with its latest purchase of $101 million in BTC. The company, led by chairman and co-founder Michael Saylor, has committed to utilizing perpetual preferred stock, common shares, and debt to fuel its ongoing Bitcoin purchasing strategy.

2025-1-7 06:00


Фото:

El Salvador now holds 6,000 BTC: can Bitcoin success story sustain?

El Salvador, the pioneering nation that made Bitcoin legal tender in 2021, has surpassed 6,000 BTC in its treasury, valued at $561.3 million as of the latest update. This milestone represents not only a strategic accumulation effort but also a bold economic experiment under President Nayib Bukele’s leadership. With a 105% unrealised return on its […]

2024-12-30 09:51


Фото:

El Salvador rings in Christmas 2024 with a Bitcoin twist

El Salvador continues to showcase its unwavering commitment to Bitcoin, doubling down on its cryptocurrency strategy despite stringent restrictions imposed by the International Monetary Fund (IMF). On 19 December 2024, the country purchased an additional 11 Bitcoin (BTC), valued at over $1 million, pushing its total reserves to nearly 6,000 BTC. This comes on the […]

2024-12-24 17:26


Фото:

Bitcoin Rally Set To Extend? Expert Foresees A $110,000 Price Target For BTC

The general cryptocurrency community is brewing with excitement and optimism following Bitcoin’s rally to a new all-time high on Monday. Despite the significant price growth, there are speculations that the uptrend may not be ending anytime soon, suggesting BTC’s potential for more increases to higher levels or milestones. Next Big Milestone For Bitcoin On The […]

2024-12-17 17:30


3 tokens on track for new all-time highs like Tron (TRX) and Bitcoin (BTC)

The crypto market has witnessed a number of tokens rallying toward new all-time highs (ATHs), including notable players like Bitcoin (BTC) and Tron (TRX). Despite some setbacks, such as the US government transferring nearly $2 billion worth of Bitcoin, BTC has remained resilient, triggering a massive impulsive move that saw it reach an ATH of […] The post 3 tokens on track for new all-time highs like Tron (TRX) and Bitcoin (BTC) appeared first on CoinJournal.

2024-12-15 21:58