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RE: Hyperbitcoinization: Bitcoin could hit $100 million Per Coin by 2030

in #bitcoin7 years ago

That's a great article and a theory worth reading. But I don't think it's actually possible for bitcoin to reach $100million, as right now there are more than 100,000 people in the world who have more than 10 bitcoins each(google it), so if all of them holds them and BTC reaches $100m, that will make 100,000 people, billionaires. Right now there are just 2,208 billionaires in the world. And as of 2011, all the billionaires in the world owned 50.1% of the total wealth in the world. As of 2017 not more than $25 trillion wealth is available accounting all the people in the world(excluding government and private assets).

So if BTC reaches $100m by 2030 there will be more than 100,000 billionaires with the total wealth of 10 Quadrillions just BTC,which is not possible...

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Very good analysis brother. Who knows we're will be the economy after 12 years. But this is a good analysis to be consider.