btc reaches $500,000 (in 2030)

[Jel]

seems legit

New Prediction Puts Bitcoin Price at $500,000 in 2030 - NEWSBTC

ps see sig

[dillfly2000]

Witchcraft I tells ya!

[Barry-xlovecam]

[CAHEK]

very legit

[jscott]

$500k seems to be a little excessive, but by 2030 could be quite obscene.

Glad to see some people thinking outside the box

[ruff]

Hope I live that long.

[Jel]

Originally Posted by jscott

$500k seems to be a little excessive, but by 2030 could be quite obscene.

Glad to see some people thinking outside the box

I did read that if btc reaches the level of 10% of global transactions as they stand now (obviously if it does ever get that popular, that $ number will grow as it gives a very large part of the 3rd world the ability to make transactions they currently cannot make - leaving aside the relatively low spending power itself) then a btc would be worth about $150k iirc. A very, very long way to go before that happens, but seems much more level-headed, and ofc there's no time-frame on that.

[Barry-xlovecam]

Notwithstanding some revaluation, like a stock split of sorts, $10K - $20K MIGHT be possible. That is is Bitcoin survives and gains any real traction.

Commodities and tangible assets have a record of values. Bitcoin is not going to be exempt from this over a long period of time. 14 years is long term -- 2 business cycles more or less.

A world currency that is a digital blockchain, that is administered by a world body, is a greater possibility -- a possibility making the privately held "currencies" of little value.

[Jel]

Originally Posted by Barry-xlovecam

Notwithstanding some revaluation, like a stock split of sorts, $10K - $20K MIGHT be possible. That is is Bitcoin survives and gains any real traction.

I think it will survive and gain traction - in this digital age, and as we progress through it, there's just so many possibilities/benefits that btc opens up, especially to emerging & 3rd world countries, there are tens of millions (hundreds of millions?) who have no - and I forget the correct phrase so bear with me - ability to get on/in the banking system. As mobile device growth explodes, that opens up HUGE areas for the less well off not just in those countries, but those who can't get a bank account in the uk, usa, etc to get on the list of those who can perform non-cash transactions. <--- of which we are headed more and more towards anyway.

Originally Posted by Barry-xlovecam

Commodities and tangible assets have a record of values. Bitcoin is not going to be exempt from this over a long period of time. 14 years is long term -- 2 business cycles more or less.

A world currency that is a digital blockchain, that is administered by a world body, is a greater possibility -- a possibility making the privately held "currencies" of little value.

I think the powers that be would like that, but I think we are seeing more of a shift where people don't want a world body - it's already about half and half who don't even want a european body as such. I think there are big, big changes ahead with the monetary system as we currently know it, much like the tech revolution has basically completely changed the world in the last 30 - 40 years. Whether that incorporates btc, or a true de=centralized system remains to be seen, but I'm definitely dabbling in btc (and keeping as close a layman's eye on blockchain itself as I can, I struggle to understand it fully tbh).

I'm not saying btc WILL be the 'next big thing', but I'm not dismissing it so easily either.