Bitcoin to $14 million

[TheRomanLegion_]

Considering that money (i.e. Bitcoin) is a merely representation of assets to provide a medium of exchange:

Code:

The total world assets* = $294 trillion
Total amount of Bitcoins = 21 million

294 trillion / 21 million = 14 million
$14 million = 1 Bitcoin

Of course, this metric and calculation is only viable if all other currencies are rendered useless and bitcoin is the only currency that is used; In Layman's terms, this is the maximum amount of monetary value one bitcoin could represent**.

*https://www.marketwatch.com/story/global-stock-market-cap-has-doubled-since-qes-start-2015-02-12
**If no more assets are either, created or destroyed.

[1713619670]

1713619670

[Diamondfx]

This is really amazing....

[pekobites]

Very interesting calculation, we should also look for the rate at which the world's assets are growing and the rate at which Bitcoin is replacing them to make a prediction of when this goal is going to be achieved

[TimtheYoutuber]

I dont think bitcoin will ever reach $1m, but I think it is possible. 14$m just seems a little stretched

[TheRomanLegion_]

I dont think bitcoin will ever reach $1m, but I think it is possible. 14$m just seems a little stretched

As I said, $14 million is the maximum value of bitcoin at the moment* and would only be possible if everyone stopped using their current currencies and switched to bitcoin instead.

I am not making a price prediction but rather, a simple calculation.  

*Not at this exact moment but when all coins have been mined (currently there are less than 21 million bitcoins in circulation so the maximum possible value at the current moment is technically slightly higher).

[seizetehday5]

Wild I never even imagined bitcoin beyond 1 million and even realistically never imagined a bitcoin to be beyond 100-500k. I think the latter is a reasonable spot we could end up anything north of 1 million is purely insane!

[Marry Finch]

I do not think that it is necessary to be guided by such calculations and that they are correct. I also do not think that Bitcoin will ever cost less than $ 14 million, but even one million. The cost of bitcoin will increase, and this is unquestionable. However, to what extent it will increase in price, no one yet knows. 😕

[TheRomanLegion_]

I do not think that it is necessary to be guided by such calculations and that they are correct. I also do not think that Bitcoin will ever cost less than $ 14 million, but even one million. The cost of bitcoin will increase, and this is unquestionable. However, to what extent it will increase in price, no one yet knows. 😕

Again... This is not a price prediction! I am simply outlining a best case scenario - It is highly unlikely that everyone will discard their current currencies and switch to only bitcoin. The calculation itself is not misleading - It is purely black and white.

[SureLockLoans]

I dont think bitcoin will ever reach $1m, but I think it is possible. 14$m just seems a little stretched

As I said, $14 million is the maximum value of bitcoin at the moment* and would only be possible if everyone stopped using their current currencies and switched to bitcoin instead.

I am not making a price prediction but rather, a simple calculation.  

*Not at this exact moment but when all coins have been mined (currently there are less than 21 million bitcoins in circulation so the maximum possible value at the current moment is technically slightly higher).

Which is never ever going to happen in a million years. The calculation may be accurate in theory but really it's not any more accurate than me saying Bitcoin is going to 10 million by next year.

[LFC_Bitcoin]

Bitcoin at $14,000,000 is wishful thinking. I very much doubt this can happen unless THE Dollar follows the same fate as the Zimbabwe Dollar. However I think Bitcoin will grow (price-wise) but $14M per BTC... That's insane. Maybe $13M per BTC is a bit more realistic 

I was about to say WTF until I realised a few seconds later you were joking
I think $100,000 per bitcoin is possible within 5 or so years, let’s get to that huge number before we start thinking about millions per coin.

[sidmlm]

wow amazing calculation bitcoin is growing very fast i don't say when bitcoin $14 million but i think after 5-10 year  bitcoin grow amazing speed.

[TheRomanLegion_]

wow amazing calculation bitcoin is growing very fast i don't say when bitcoin $14 million but i think after 5-10 year  bitcoin grow amazing speed.

Hopefully. Bitcoin just needs to scale a little better. 

[Actor_Tom_Truong_]

Considering that money (i.e. Bitcoin) is a merely representation of assets to provide a medium of exchange:

Code:

The total world assets* = $294 trillion
Total amount of Bitcoins = 21 million

294 trillion / 21 million = 14 million
$14 million = 1 Bitcoin

Of course, this metric and calculation is only viable if all other currencies are rendered useless and bitcoin is the only currency that is used; In Layman's terms, this is the maximum amount of monetary value one bitcoin could represent**.

*https://www.marketwatch.com/story/global-stock-market-cap-has-doubled-since-qes-start-2015-02-12
**If no more assets are either, created or destroyed.

You can try to do your calculation by replacing the "Total World assets" with "Total USD already printed and in circulation."

[jokerlu]

Wao to be so blessed those who have at least one bitcoin, the truth is that in the future will be very expensive, only this year from $ 900 in January to $ 6600 today, fantastic.

[mahibul49]

ofcourse its so amazing!and your equation is cool.lets enjoy this bitcoin era

[darkangel11]

It will never happen because world assets are never divided equally. It's of course a cute little comparison but I can't see everyone suddenly switching to BTC. Why would they? Even if they wanted to differentiate I doubt they would invest a large percentage of their assets into it. It would be something like let's put 5% into cryptos in case it blows up and doubles its value next year.

[LetEpsilonBe]

It would be interesting it we did the math again, but excluding the top 50 nations in terms of GDP. So basically assume that the top 50 nations have there basket of currencies, then the rest of the world has its currency. The reason this would be interesting is that the big nations don't have to contend with the same level of currency instabilities.

[Cremeboy]

Bitcoin is still the pace setter with cryptocurrency. Still it's potential is still quite immense

[aardvark15]

Considering that money (i.e. Bitcoin) is a merely representation of assets to provide a medium of exchange:

Code:

The total world assets* = $294 trillion
Total amount of Bitcoins = 21 million

294 trillion / 21 million = 14 million
$14 million = 1 Bitcoin

Of course, this metric and calculation is only viable if all other currencies are rendered useless and bitcoin is the only currency that is used; In Layman's terms, this is the maximum amount of monetary value one bitcoin could represent**.

*https://www.marketwatch.com/story/global-stock-market-cap-has-doubled-since-qes-start-2015-02-12
**If no more assets are either, created or destroyed.

Not going to happen. Fiat currencies aren’t going away and government currencies aren’t going away. There are also many other cryptocurrencies and some of them will have a place in the world economy as well.

Two other reasons why it can’t happen is that fees are going to get too high to make small transactions with Bitcoins and transaction time is going to take too long for its widespread usage.

[Bitbuilder1]

It is feasible, bitcoin can get to that price if everyone switches to bitcoin and forget fiat.
Nice calculation