What will my bitcoin be worth

The difficulty of buying bitcoins depends on your country. This assumes that the protocol will not be changed. In fiat currency terms, this means that units of currency must be transferable within a particular country’s economy as well as between nations via exchange. So what are the challenges facing Bitcoin as a currency? M3 is M2 plus large time deposits and money market funds.

Bitcoin creator Satoshi Nakamoto probably Australian entrepreneur, report claims

I’m sitting at my kitchen table at p. ET on Friday, December 1, It’s here that I’m reminded of something Warren Buffett’s often said. Price is what you pay, ge is what you. That’s what I’m going to attempt to answer in this article. Before we can attempt to value Bitcoin, we first must agree on what it is.

Using the Bitcoin Price Return Calculator

At what price and at what market capitalisation Bitcoin will be a true currency substitute? There are a number of forecasts that see the Bitcoin at 1 million and more. I tried to analyze this value from a purely macro-economic perspective. And by now I come to the same result of USD 1 million. Rather the value of the Bitcoin will be even higher, because many Bitcoins are already lost.

Why Invest in Bitcoin?

By using our site, you acknowledge that you have read and understand our Cookie PolicyPrivacy Policyand our Terms of Service. Hypothetically, if everyone decided to trade in all their money and get Bitcoins for them tomorrow then how much would a single Bitcoin be worth? What complicates your calculation is the liquidity aspect. Although there is about 16 million mined bitcoins, the number of bitcoins available for trade is far less than.

Some people bought if for pennies, some for a couple dollars, some mined it. It just means that the holders of bitcoins are not willing to give them away for the price being offered by buyers right. The price is determined by supply and demand market forces, and the supply would respond to the increase in price. Other factor is that fiat money may be created out of thin air, so it has sort of an infinite supply. If an unrestricted government decides to purchase bitcoin, this would strongly push the price up.

In the end of the day, what you can try to grasp is what would be the minimum price it would reach, but estimating the actual price would depend on far too many variables. Note that non-Bitcoin currencies have the same or extremely similar price mechanism. Dollars, specifically, can lose all their value if people stopped liking. In a way, cryptocurrency is a huge threat to «free floating» currencies like the US Dollar. Podcast: We chat with Major League Hacking about all-nighters, cup stacking, and therapy dogs.

Listen. Home Questions Tags Users Unanswered. If everyone decided to switch to Bitcoin tomorrow, how much would a Bitcoin be worth? Asked 3 years, 7 months ago. Active 2 years, 6 months ago. Viewed 2k times. Mukesh Ingham Mukesh Ingham 3 3 bronze badges. I think besides the what will my bitcoin be worth of Bitcoin exploding, it would make fiat money worthless at the same time.

Thus it would become kinda meaningless to still express the value of one bitcoin in terms of fiat. Compare this: if suddenly all countries abandon the U. Dollar including the U. RocketNuts I knew someone would say this. This question is hard to answer because you are measuring the value of a bitcoin with a unit that is also not fixed dollars. Think of this as if you are trying to measure a length of string with a ruler. Your question would then be phrased «if my string suddenly grew in length and my ruler shrank, how many inches on my ruler would my string measure?

It’s not precise, but will give you a better result than using dollars. Jestin I phrased my question in a way that implied that I was taking the buying power of a USD today and comparing it to the buying power of a BTC tomorrow.

If everybody switches to Bitcoin, one single bitcoin would be worth: a whole truckload of money. Lodewijk 1, 9 9 silver badges 15 15 bronze badges. Jonathas Carrijo Jonathas Carrijo 2 2 bronze badges. WebSockets for fun and profit. Related 7. Hot Network Questions. Bitcoin Stack Exchange works best with JavaScript enabled.

How Much Is 1 Bitcoin Worth? What Is One BTC Worth?

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Why Invest in Bitcoin? Compare Investment Accounts. Gold is scarce, Bitcoin is actually fixed. Bitcoin is open to everyone and provides an exciting opportunity to delve into an entirely new asset class. Cryptocurrency A cryptocurrency is a digital or virtual currency that uses cryptography and is difficult to wi,l because of this security feature. Throughout its history, Bitcoin has generally increased in value at a very fast pace, followed by a slow, steady downfall until it stabilizes. In this first year, you would have had your first taste of the cryptocurrency’s high volatility. Optionally, you can also adjust the bitcoin price return and final price for inflation. Kay Van-Petersen is an analyst at Saxo Bank, a Bitciin investment bank which specializes in online trading and investment. For dates between readings, we use interpolation. Once more, CPI adjusted if checked. Bitcoin itself is secure, but bitcoins are only as secure as the wallet storing. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Thinking of investing in Bitcoin? USD-Pegged Cryptocurrencies. To this, we will also add an estimate for the worldwide value of gold held as a store of value. Paying in bitcoins offers several advantagesincluding more convenience in mobile payments.