Nov 07, · However for this to be achieved and potentially used as a standard to back a national currency, Bitcoin would almost certainly have to be valued at a minimum of one million dollars, to be universally used at national level and pretty much stable give or take a few thousand dollars. Apr 26, · In opposition, Pal predicts a rise in Bitcoin’s price to $1 million over the next three years, as the cryptocurrency positions itself as a safe haven from the crisis. At the time of publication, BTC trades at $7, with a positive performance (%) in the last 24 hours. Oct 17, · Bitcoin will soar to a mind-boggling $1 million by , predicts Real Vision founder and CEO Raoul Pal. In an interview with Stansberry Research, the former Goldman Sachs hedge fund manager said an “enormous wall of money” will flow into the leading crypto over the next half decade.
1 million dollars for a bitcoinJames Altucher Amends Timeframe For $1 Million Bitcoin - ute-strohner.de
Who knows Bitcoin has been on the end of many financial arguments - one being just why Bitcoin came into existence - to be a decentralised, private currency without regular banking institution regulations and involvement So how on Earth is Bitcoin going to hit one million dollars by ?
Here is the thing Bitcoin has never been used as a national currency and any thought of such seems to be quite head in the clouds - until you start thinking about 'standards' The world currently operates financially via Gold and United States Dollar Standards - largely depending on what country you are financially governed by, and it's banking system, with depend on the model standard used - but currently there us a huge problem This is stemming from more countries adopting the Gold Standard over the US Dollar - without going into too much detail, the choice of Gold over the Dollar has the potential to kill off the global financial dominance of the United States of America - hence now there is a sudden a rush by America to produce a stable Cryptocurrency to Adopt at a national and international trade level - possibley losing the Green Back forever and moving towards a cashless system.
However for this to be achieved and potentially used as a standard to back a national currency, Bitcoin would almost certainly have to be valued at a minimum of one million dollars, to be universally used at national level Looking at Bitcoin in this light changes the complexity of national cryptocurrencies slightly - and now comes the race The development of a national US Crypto Dollar, and who will achieve it - based on Bitcoin and backed by Bitcoin being the clear favourite in my opinion. There are if course many hurdles yet to clear, with obvious room for a complete newbie or one of the bigger Altcoins to step up to the plate - however I find any token other than Bitcoin to be way too far off the mark to stand in the way of a Cryptocurrency Standard Model.
In a nutshell This is how I predict Bitcoin to hit that one million dollars mark by - and could go even further through the roof by if mass adoption of a Bitcoin Standard takes off at national currency level. Charles St, Baltimore, MD Typically, this would be the time for a traded asset to tumble in value as investors head for the exits, afraid to hold the bag.
But not this time. No, in this case, people are eager to hold the bag and then some. But no matter what the case may be, the most important takeaway is that the cat is out of the bag. Yes, at some point, the virtual currency market will cool down. But how high can bitcoin go? At this point, this forecast seems like a foregone conclusion. But the estimate that really keeps my blood flowing is bitcoin one million. Should bitcoin hit seven figures, the blockchain token would nearly triple BRK.
So really, mainly, a bit of cash, some gold, and bitcoin," he said. Tyler Winklevoss, the Gemini crypto exchange cofounder and CEO, has also said that bitcoin could also be propelled by the Federal Reserve's global quantitative-easing program. Winklevoss added in August that the US dollar was no longer a " reliable store of value " and that there was no better time to buy bitcoin.
He shares his two favorite trading setups that've led to his king-size returns. Shalini Nagarajan. Read the original article on Business Insider.