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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
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#BTC# WHAT IS THE HIGHEST PRICE YOU CAN IMAGINE BITCOIN WILL REACH IN THE NEXT TEN YEARS?
So, it is estimated that the total amount of money (M1-M5) is around $1,200 trillion or $1.2 quadrillion.
Right now, Bitcoin is worth $190B.
If Bitcoin becomes the global currency the way it's supposed to and replace all money, then 1 Bitcoin
would need to grow 1,200/0.19 = 11,000x, which
would equate a value for 1 Bitcoin to around $68,5
million. That's like the upper ceiling.
So, everyone saying Bitcoin could reach $1M, that's still a very lowball estimate for what it could actually be worth.
With all that being said, Bitcoin probably won't be the one to become the No.1 cryptocurrency, because there's still a lot ahead for it to overcome, and there are candidates that have all the things that Bitcoin doesn't have and none of the flaws that Bitcoin has.
QKC, ZIL, HOLO, and IOTA are those candidates right now.