How will bitcoin (BTC) hit $14 million

How will bitcoin (BTC) hit $14 million

What is a good value of bitcoin? $100,000, $500,000, $1,000,000? $14,000,000? The answer to this question is the same as asking what could be put in its place.

$14 million bitcoin

There are many reservoirs of value that bitcoin will eventually swallow up. First of all there is a barbarian relic.

Gold equals 11 trillion dollars. If all this value were transferred to bitcoin, bitcoin would be worth more than $500,000.

Of course, the yellow metal will always retain a certain value due to its use in electronics and jewelry. However, all the money deposited in gold for its historical role as a store of value will sooner or later fall to bitcoin, which is infinitely better.

There will never be more than 21 million bitcoins. On the other hand, who can predict what quantity of gold we will extract from the earth?

Bitcoin will also end up charging real estate rakes. this market 325 trillion dollars is used in part for rich people who want to protect themselves from inflation. And here again, the stiff competition is likely to come against bitcoin.

A building defies gravity and inevitably collapses. Investing in stone requires constant expenditure on renovations, upgrades, etc. On the contrary, there is no need for bitcoin reform. The stone is also not accessible to everyone, and you can buy BTC for 20 euros.

Bitcoin is also extremely liquid. You can’t skyscraper teleport to another continent in seconds to escape from threat x. No problem with bitcoin.

Now that we have said that, should we determine the share of the real estate investment market? It is probably substantial. In France, 10% of the housing stock is identified as second homes.

By extrapolation, there could be 32,000 billion more that will end up in a bitcoin wallet. So we reach $2 million per BTC.

Stock markets are certainly the least afraid of bitcoin. Some indebted multinationals may not like the inevitable recession and decline in energy. However, the tech giants are sure to always do well.

Another bonanza is foreign exchange reserves. The whole world paid attention to the “freezing” of the 300 billion dollars related to Russia (nuclear power) by the United States and the EU.

Bitcoin is a stateless, censorship resistant payment system. What more could you ask for to replace global reserves? These currently consist of 6.9 trillion dollars, 2.3 trillion euros, 625 billion yen, etc. That’s 12,550 billion in total.

That is possible BTC at 2.6 million dollars. That is to say trifles…

Endless inflation is inevitable and the masses will come to realize this as energy becomes scarce. Sooner or later, saving in BTC will be everyone’s concern. In other words, all the money in the world will eventually be transferred to bitcoin.

This does not mean that the fiat currency will disappear. Not at all. Nothing would change except the value of bitcoin. Visa already offers payment cards that convert their BTC to dollars or euros at the time of payment.

According to the International Finance Institute, global debt stands at 300,000 billion. Or all the money in circulation in the economy (coins and bank notes are only 5% of the total).

One bitcoin will then be worth more than $14 million (300 trillion divided by 21 million). A little more depending on the value stored in gold and real estate, they prefer to invest in bitcoin. But let’s not quibble any more.

We’ll end with this question: What if bitcoin really replaced the fiat currency? It’s a good question that we asked HERE and HERE.

Get a summary of the news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss any of the essential Cointribune!

Nicolas Teterel avatar

Nicolas Teterel

Journalist reporting on the Bitcoin revolution. My papers deal with bitcoin through geopolitical, economic and libertarian prisms.

bitcoin augmentation

Analysis of the day: Bitcoin on the rise?

Bitcoin Core Contributor Asks Maximalists to Go Another Way

Bitcoin Core Contributor Asks Maximalists to Go Another Way