How much is a bitcoin worth in usd
How much is a bitcoin worth in usd
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Original question: How much will 1 bitcoin be worth in 2026/27?
I don’t really know it, and I’m sure no-one knows it, but chances are that it can be worth $1 trillion. But I’ll explain it at the end of this post.
Now, imagine that you are Nokia in 2000 and produce this:
…also, there is no other competitor that can compare to you in terms of market share, product quality, demand, feedback, etc. In other words, you are the greatest company in the world in your specific niche. Now, you reach this point:
So, considering the fact that your share price costs over $50, how do you think: How much would one Nokia share be worth in 2010? - $100? $200? $500?
None of that - check here:
It was under $13 per share. Today, it is less than $6 I guess.
How comes that? Would people at that time spend $50 for a stock that the very next year would fall under $15? No! So why were they ready to spend $50 per stock anyway?
Because they didn’t know what was coming.
No one knows the future, so making a confident prediction of this kind is not that smart. Well, making a prediction is smart, but a confident one - saying that you know X or Y for sure - doesn’t inspire common sense at all.
However, if you still want a prediction, check this:
In 2026/2027, Bitcoin price can be in these ranges:
- $0–10 - because maybe a completely new and game-changing cryptocurrency takes the leading position. Its blockchain makes the one behind Bitcoin look outdated, while big institutions make the move to the new system. Bitcoin still costs a few dollars because some people are nostalgic and keep it. Maybe a new global currency is officially implemented by the UN or by a new global government.
- $10-$100 - the same reason + a bit inflation in US dollar.
- $100-$1000 - Bitcoin is a cryptocurrency of choice, but loses dominance against Ethereum or some other coin. It’s still in the top 10 or 20.
- $1000 - $10,000 - Bitcoin is doing OK along with other blockchain-based ecosystems.
- $10,000 - $1000,000 - Bitcoin is the leading coin that is regarded as a safe-haven against vulnerable fiat money.
…oh, and it can be this way:
Don’t believe that Bitcoin has this potential to reach $1 trillion? Well, if Bitcoin can’t, then the US dollar can. Hyperinflation is very possible in theory, because the USD is a world reserve currency, and if it loses demand (OPEC selling oil for other currencies - just one example), then people would surely lose confidence and it would devalue.
Hyperinflation already happened in Zimbabwe for example (because of war spending). How about this kind of money?
I am not exaggerating, check this:
According to renowned economist Marc Faber, hyperinflation in the U.S. is a certainty within the next 10 years. Mr. Faber has correctly predicted some of the most important financial events in the modern era including, the stock market crash of 1987; the rise of oil, precious metals and other assets in the 2000's; and on Fox News in February 2007, he said a U.S. stock market correction was imminent.
So - everything is possible.
Hope this helps.
In other languages
One of the most frequent questions I get is ‘How high can Bitcoin go?’
The short answer is that the only limit to Bitcoin’s price is the amount of currency in circulation globally.
Let’s start with the mathematics.
There is currently $136,916,431,899 (137 Billion) invested into 16,695,212 (16.7 Million) BTC which equates to $8,200 per Bitcoin.
Near $140 billion seems like a massive amount, but let’s take some other investment markets into consideration:
There is over $1.2 QUADRILLION1 invested in derivatives globally.
The average daily volume on the foreign exchange market is around 5 trillion USD!
Global stock market is valued over 69 trillion USD. 3
The cryptocurrency market cap is currently USD 246,216,128 (246 Billion). In comparison to the other markets this is a fractional amount and has massive room for growth.
Back to Bitcoin, no-one can predict the future but let’s assume that 1 trillion gets invested in Bitcoin over the next year, we are also going to base this calculation on a fixed supply of 16.7 million BTC (this is a rough estimation how many BTC will be in circulation in 365 days.
Current Market Cap: 137 Billion
Additional Amount Invested: 1 Trillion
Supply: 16.7 Million
= USD 68,000 (to the nearest thousand).
Now let’s assume 10 trillion gets invested into BTC (less than 1/10 of the derivatives market).
Current Market Cap: 137 Billion
Additional Amount Invested: 10 Trillion
Supply: 16.7 Million
= USD 680,000 (to the nearest 10 thousand).
In order for each Bitcoin to be 1 Million the amount invested into 16.7 million would need to be 16.7 Trillion USD
While defiantly possible, I believe that Bitcoin reaching USD 1M is very unlikely, I believe that at the peak of the bubble Bitcoin will be near USD 100,000.
Where does Bitcoin get all its value from?
From currency around the world.
What gives our Fiat currency value?
Value of our fiat currency (currency that is created by the government) is only of value due to our trust in the government saying it is, our currency is no longer backed by anything and is worth no more than the material it is printed on.
Bitcoin is similar to Gold
Bitcoin has a finite supply, and as we reach that number, it will become increasingly difficult to mine.
Due to the limited supply, many people view this as a store of value.
As long as the demand outweighs the supply, Bitcoin will retain a level of value.
The reason for such a high price (relative) is because of the high demand (also relative), and this can increase much more, or decrease to nothing.
At the end of the day, the value we give something, whether gold, dollars or Bitcoin is entirely based on our perception of value as a society, and the demand / supply of such will influence price.
Bitcoin and Cryptocurrencies are in their infancy, some retailers are now accepting Bitcoin and many commercial companies are exploring blockchain technology.
There are fundamental issues with Bitcoin in terms of scalability, these need to be addressed is it wants to reach the 6 or 7 figures.
Thanks for reading,
If you want to learn more about cryptocurrencies check out my blog: www.cryptoinvestorsclub.co.uk
P.S. If you sign up, you’ll receive an exclusive email that details the top 5 cryptocurrencies I invest in and why.
How much will 1 bitcoin worth 10 years from now?
Just to answer , it will be worth more than $30,000 - CONDITIONAL.
Before you take my words, let’s consider three factors to see if the trigger will be against for for…
1. The Chinese Chain
2. Now onto Protocol /Bitcoin Cult
3. Nobody can stop bitcoin paradigm.
While this question was asked when CHINA & ICO didn't logged heads, now the journey is otherwise.
Without Chinese, if bitcoin would have reached $50,000 in 10 years, all i can see is half or quarter of that.
Of course we all know the paper talk below…
- BTC represents the reserve currency of the cryptocurrency space.
- Bitcoin (BTC) represents the digital gold standard - a safe haven when economic challenges are around - eg with Brexit it rose 15%, when DT got in it rose by 4.5% - with general economic uncertainty its role as a safe haven will become increasingly important. This will continue.
- Cryptocurrencies will become mainstream including BTC - although BTC will be a very minor cryptocurrency from a retail perspective - there will be a major retail coins created and used and more. Credit TIM LEA.
All the above were considered because all hands were on deck.
Let me restate a point, the half Isuggest may not still be a reality.
This is it, what is the propensity that another Bitcoin world power wont follow the Chinese path?
So, you See, the issue is complicated as it is.
The half ( $15,000) only comes in if and only if, other world powers and countries will rally around it and make it what it was supposed to be.
But, don't believe in a lie that it is very simple to replace the Chinese Crypto market or to make it worse, if all these ICOs keeps coming on or more countries take the lone work.
Let’s take for an example that we want to replace the Chinese Effect in the Crypto wall, then it’s another 600 days work if not more.
2. Now onto Protocol /Bitcoin Cult
There has always been the consideration that the protocol will evolve over time to overcome this risk. But the biggest risk now are the evolving broad of viper ICO coins everywhere.
What will the state of bitcoin be if some people for obvious reasons tend to forgo bitcoin and invest in other altcoins as listed on HitBtc, Yobit or Coinmarket?
If you think that it cant happen, wait a second.
What you need ask is, when bitcoin went down to about $3000 or less 5 days ago, why did other flexible coins like Litecoin, Ethereum and others NOT go down as BITCOIN in terms of INDICES?
So, you see, this is all like a cult, anything can be boycotted and that will be the end.
The prophecy of being another bitcoin mediocre will be fulfilled,.
3. Nobody can stop bitcoin paradigm.
While on paper or politically nothing can stop bitcoin, imagine after the Chinese are out, US follows, what will make bitcoin a viable coin?
If this happens, the issue or context or May Day can’t be fulfilled, So, like the old saying, the bubbling continue and the hydraulic jump occurs further.
That being said,
The Chinese event has shown that at least, something can waver Bitcoin if it wont be worse in the coming days,
In the light of truth, Let’s see this,
What really caused the Ban of ICOs which led to Bitcoin Fall if not a POLITICAL FACTOR?
So, the political factor will always have a hand on bitcoin, certainly not in the Blockchain but in their domain -legislative powers - Just so many ways to catch a rat.
How much will 1 bitcoin worth 10 years from now can’t be answered on the pages of paper or he Quora community.
It has to be more than this - that is if only all hands will be on deck to fight FOR & not against.
we need to know that it may take up to 10 or more countries combined to create the Chinese Crypto Market wave, else, do not fix your gaze on $30k- 1BTC in 10 years.
I wish to let the sleeping dog die here
Just to proffer solution to bitcoin Beginners, the following will help
(The free materials are listed just to help some of us because my community will go offline unless there is an intervention from good people like you)
I don't want such value to go just like that. So enjoy…
Else, make value from them all while it is active.
To your Success.
Good luck to all BITCOINERS & QUORA MEMBERS.
Bitcoin has been the top-performing currency in the world in six of the past seven years, climbing from zero to a new high value of about $1,600.
But the cryptocurrency isn't anywhere close to its potential, according to Jeremy Liew, the first investor in Snapchat , and Peter Smith, the CEO and cofounder of Blockchain.
In a presentation sent to Business Insider, the duo laid out their case for bitcoin exploding to $500,000 by 2030. Free bitcoins you can get here.
Their argument is based on increased interest in bitcoin, thanks to:
Remittance transfers, or electronic money transfers to foreign countries, have almost doubled over the past 15 years to 0.76% of gross world product, data from the World Bank shows. You can earn 1 Bitcoin right now by using cloud mining .
"Expats sending money home have found in bitcoin an inexpensive alternative, and we assume that the percentage of bitcoin-based remittances will sharply increase with greater bitcoin awareness," the two said.
Liew and Smith said increased political uncertainty in the UK, US, and developing nations would help elevate the level of interest in bitcoin.
"We believe bitcoin awareness, high liquidity, ease of transport, and continued market outperformance as geopolitical risks mount will make bitcoin a strong contender for investment at a consumer and investor level," the two said.
Liew and Smith said the percentage of noncash transactions would climb from 15% to 30% in the next 10 years as the world becomes more connected through smartphones.
The global smartphone penetration rate is 63%, and the total number of smartphone users is expected to increase by 1 billion by 2020. The GSMA, a trade body that represents the interests of mobile operators worldwide, says 90% of these users will come from developing countries.
This would make it possible for nearly everyone to have a bank in their pocket, and that should provide a boost for bitcoin as well. Liew and Smith say bitcoin could account for 50% of all noncash transactions.
Here are the basic model drivers Liew and Smith used:
- A bitcoin price of $1,000 in 2017.
- Network users will grow by a factor of 61 from now until 2030. "Put another way, we need a population of bitcoin users around a quarter of the Chinese population (or 5% of the global population) in 2030 to see bitcoin at $500k," Liew and Smith told Business Insider.
But a lot could go wrong, too. News surrounding bitcoin has been rather negative as of late.
China, which is responsible for nearly 100% of trading in bitcoin, has been cracking down on trading. The three biggest exchanges recently announced a 0.2% fee on all transactions and blocked withdrawals from trading accounts.
The US Securities and Exchange Commission also rejected two bitcoin exchange-traded funds and will rule on another one in the future. It's not expected to be approved.
However, Smith says bitcoin is still in its early stages.
"The SEC's ruling wasn't a surprise to us," he told Business Insider. He said that "getting that sort of approval" could take a long time.
"In the meantime, bitcoin is already simple to buy and hold, and as the asset continues to mature, we'll continue to see an increase in the development and deployment of surrounding products," he said.
And while bitcoin hasn't been granted regulatory approval in the US, it is catching on elsewhere. On April 1, the cryptocurrency became a legal payment method in Japan .
Another threat to its future is developers who are threatening to set up a " hard fork ," or alternative marketplace for bitcoin. This would result in the split of into bitcoin and bitcoin unlimited. However, Smith isn't worried.
"Bitcoin has strong economic incentives to prevent this," he said. "If the last two years of healthy contention and debate lead to a conclusion, it's that bitcoin is incredibly resilient and stable. In fact, the bitcoin blockchain has operated for seven-plus years with no downtime, a feat no other back-end system operating at this scale can claim."
But the cryptocurrency sees violent price swings uncommon among the more traditional currencies. Bitcoin rallied 20% in the first week of 2017 before crashing 35% on word that China was cracking down on trading.
The cryptocurrency has regained those losses and is trading up about 67% so far this year.
Get the latest Bitcoin price here.>>
World Bitcoin Network has just released a new Bitcoin Value Model. Let me begin by stating that this is a model, and no model can accurately state how much any currency is going to be worth at a point in the future. What the model can do, however, is show us how price is determined and the factors that determine it and the model can also allow us to factor in variables and view their effect. In February of this year, the Financial Times received an eMail predicting a $50,000 Bitcoin value. Their response was to remind people that Wall Street traders use models:
“While the eMail pointing to a $50,000 bitcoin is imprecise to say the least, It’s a starting point. A more rigorous mathematical model integrating demand projections with probabilities of certain make-or-break contingencies isn’t just possible – it already exists, in various versions, across various investors’ hard drives.”
Bitcoin has, seen as an asset, outperformed almost every other asset on Earth over the past five years. However, we cannot predict with certainty the Bitcoin value going forward simply because almost everything in the World can affect price and it is impossible to factor, anything other than a very small few of, these factors in. One of the most important factors must be Transaction Volume (The volume of bitcoins exchanged over any given period.) and today (29 June) that stands at 50,577 transactions. We must remember that someone sending themselves bitcoins, one wallet to another, will show. We must use the Transaction Volume figure cautiously. Another factor that will affect Bitcoin value is the level of positivity of the market. If people looking at bitcoins see good news they tend to buy in, if they see bad news they tend to sell. When China dictated that the PBOC should be anti-cryptocurrency the market negativity forced the price of a bitcoin down. The changes in positivity levels lead to people choosing to sell short and others to buy when they see the price as deflated and this leads to the important issue of volatility. Volatility is caused by people choosing to buy and sell bitcoins. Volatility is a significant factor in predicting Bitcoin Value going forward. Remember any currency must function as a means of exchange and also as a store of value. A volatile currency is a poor store of value, and this has led to traders accepting bitcoins to factor in a price margin to allow for volatility. This is the amount, over the dollar price, that traders charge for people choosing to pay with bitcoins.
Another important factor in predicting future Bitcoin value is the velocity, or the number of times that a unit of currency is used within a fixed period of time. Now, the lower the velocity, the higher the value. Remember, if velocity is high then that means there will have to be a higher number of transactions to achieve the total transaction volume, as measured in fiat. The $US has a transaction volume of 7, it is difficult to estimate the velocity of a bitcoin but it is in the 50-1oo. The next factor we must be aware of is Supply. Now, there are just under 13 Million bitcoins in circulation, but many of these may well be lost, others are held and therefore are not used for transactions. We talk about Liquidity, the ease with which an asset can be bought or sold without affecting the asset’s value. Liquidity is characterized by high levels of transaction volume. Now, if we accept that there are 13 Million bitcoins and if we assume that at least 1 Million are lost we must then look at the remaining 12 Million bitcoins and assume that a large proportion of these are hoarded by speculators, these coins are illiquid, the coins we spend and accept as payment are, on the other hand, liquid.
Remember, Gold is a great store of value, how much of that store can Bitcoin assume? More is better!
How much eCommerce can Bitcoin take up? More is better!
How much of the Global money supply can Bitcoin take up? More is better!
Black market as well as remittances, the more, the better!
Number of bitcoins mined, the more mined, the lower the value of a single bitcoin.
Have a look and see what you think will affect the future value of Bitcoin. Will it hit $50,000 or $1 Million? You decide!
Course Bitcoin the US dollar is the most popular search term, along with "What is Bitcoin?". Bitcoin Price is important in many cases, especially for those fiatnyh currencies, which largely depend on the dollar.
Now that the price of Bitcoin has more than doubled compared to the January minimum, it became apparent that Bitcoin-trolls and Hayter quieted down considerably at this celebration of life (always fun to see how it works). Now, when the good times return for Bitcoin as a global currency and the cost of the means of communication - how far can it go? What is the ceiling "future money"?
There was a time when mainstream media, some beating drums, praising Bitcoin as a long term investment. Most interesting is that usually took place at the next peak of the course, which in the history of cryptocurrency already been done. During the bubble Mt.Gox autumn of 2013, Henry Blodget (Henry Blodget) Business Insider predicted from Bitcoin price of $ 1 million. His article attracted 100,000 visitors to display at a time when the bitcoin exchange rate exceeded $ 1,000.
Not long ago, The Street quoted from an interview with a famous blogger Datavetaren, that Bitcoin is not only to reach the price of $ 1 million, but also to replace gold as the economic "safe harbor". What is this nonsense once intoxicated rapid rise rate bitcoin fans? Do we have carried out in their dreams on Fantasy Island? Or on the economic charts and actually have real long-term expectations regarding digital gold?
If Bitcoin consider comprehensively and thoroughly, it's hard enough to come to a negative output on the future course of the dynamics. Number of Bitcoin transactions per day sets records, crossing the border 100 000 transactions per day, so that the need for and use of Bitcoin is higher than it has ever been. As soon as the price of Bitcoin continues to grow, the media of all the forces trying to blacken the digital currency.
In July 2016 Halving will award for the block, reducing the release of new bitcoins to 12,5 BTC every 10 minutes. Specifically, it can not hurt Bitcoin price in the long term. This may coerce miners sell more bitcoins from reserves to maintain operations in the short term, so that the rules of the game will become tougher with increased dropout. It can act as a counterbalance to public recognition, at least for a while. Of course, we should not expect that the price of BTC is required to double by next fall, but personally I remain bullish on the price of Bitcoin. Steadily growing demand ever necessarily exceed the reserve offers, so that over time the price can not vyrasti.Faktor, of which all are silent - the long-term value of the "global reserve currency" of the US dollar. The US government has repeatedly tell you that inflation is only some 2%, they even say that there is no inflation at all, if you trust the "official" statistics. But anyone who bought a car, a pound of beef, or bitcoin, if it comes to that, will tell you otherwise. In the real world, the real inflation - not contrived and cartoon figure that they show - closer to 5% per annum, but not less than 2% .Many experts also predict an end to the US dollar as the world reserve currency by the end of this decade. Such a superpower like China and Russia, tirelessly working on in order to thwart a global economy based on the dollar basket. Appeared AIIB (Asian Infrastructure Investment Bank), the BRICS (Brazil / Russia / India / China / South Africa) created their own investment bank, under the slogan "we-hate-dollar", and there was a new Silk Road from China to Eastern Europe - all these are signs of a serious geopolitical economic shift.
At a time when the United States have accumulated $ 18 trillion. debt, non-dollar bilateral agreements are becoming the norm, and countries around the world are used for mutual Chinese yuan, the US dollar's days are numbered. This is not even a question of "if" but "when" there is a change of guard. The US dollar has lost over 97% of the cost over the past century, so c that would be stored on the model of economic incessant humiliation?
Bitcoin is valued in relation to the falling costs of paper assets, which is also moribund. We are all doing well, but I could write 100,500 words about why Bitcoin is more valuable than the dollar and the market obviously agrees. In the end, the question may not be how many dollars will it cost Bitcoin - as you know, each known to mankind fiatnyh currency has come to its collapse, and the dollar does them will be no different. So, what will the US dollar, will change the future of money, even more than it will make Bitcoin.
I have no doubt that bitcoin will cost $ 1 million. Not so much because of the potential inherent in bitcoin as a world currency, but because of the growing weakness of the US dollar. Global support and confidence in the dollar weakened, at the same time as they grow towards Bitcoin. And this despite the fact that the "third world" yet did not imbued with the value of Bitcoin.
Billion investments in infrastructure Bitcoin take another 1-2 years to ensure that bear fruit and make cryptocurrency suitable for easy and convenient use throughout the world. Bitcoin has proved its durability, but is still in its infancy. His aging may take a decade, but the value of Bitcoin is precisely the object of which is not to worry about the long term.
The only pressing question is whether your investment will be correctly placed when the sail "Black Swan"?
1 BTC now = 1 BTC in 10 years time
If you’re talking about it’s conversion rate… does it matter?
How much will the USD be worth?
The real question will be, what can you purchase with it… probably a lot more than what you would if you keep the equivalent fiat currency for 10 years, that’s a sure bet.
Kinda hard to predict, but who would guess Bitcoin would get well over $2.000 in 2017? Certainly not many people.
So, my guess would be this:
1) It falls even lower than it is now, because another crypto will replace it. Even though Bitcoin is considered a “Digital Gold”, more and more cryptos outmatch it in use-case scenarios. Bitcoin would be then considered an “outdated” crypto. But there is a crypto bubble going on right now, very similar to dotcom bubble. Many currencies can fall and never come back.
2) It will get well over $10.000, possibly even more. Sky is the limit. Bill Gates even said that “Nobody can stop Bitcoin”. More and more people recognize the “digital currency” and start to associate Bitcoin with it or at least heard of Bitcoin.
So this seems like a 50–50 right?
Yes, but if you are going to invest into this highly speculative sector of huge volatility, please, consider these following tips:
- Invest only what you feel okay to not see again.
- Before investing, do a research and think about it for some time. It is better to know all the information than to suddenly realize you missed one important thing about your investment. Beware of scams.
- With all the cryptos in the market right now, why not making a portfolio of 5 and more cryptos that you invest in? Betting just on “one major player” is never a good option.
- Watch the news. With cryptos, news change fast. And many times depending on the news, the value changes. News titles like “Bitcoin exchange got hacked: Thousands of BTCs stolen” hugely impact the value. Read Bitcoin and Crypto subreddits and check CryptoCurrency Market Capitalizations often.
- Cryptos are traded 24/7. There is no stop during the weekend (like regular stock market does stop). Be wary of this.
- Buy low, sell high. Funny how people fail at this one. Everybody thinks they can outsmart everybody else and exactly know the exact time when its best to buy/sell. But 95% of the people that invest are emotional creatures and have hot hands (e.g. sell when its going down, so that they can “buy at lower value and make more profit $$$”, only to realize there was an immediate correction and are now at a net loss). Learning terms like correction, bull/bear trend, dip and “to the moon” is highly advised.
Things are changing rather fast lately. Good question would be now if we can see BTC going over 1.