Bitcoin News Is Bitcoin Destined to be Worth $1 Million USD?Experts Weigh In Is Bitcoin Destined to be Worth $1 Million USD?Experts Weigh In The world of Bitcoin is still a very, very small fish in a huge ocean of global financial services.It is so small that no whales have really even bothered to really manipulate the market since the epic bubble that was Mt.Gox’s demise three years ago.However, it is always fun to dream about what a little Bitcoin could one day become.Could it be one day worth one million USD?This actually started with a Business Insider article by Henry Blodget, who got caught up in the bubble that was Mt.Gox at the time.At the time of his November 2013 article, Bitcoin had reached a new all-time high of $340 USD on its way past $1100 USD later that month.He used the $1 Million dollar number as clickbait (as I am not above doing), only to hedge his bet and say Bitcoin could also be worth $0.He wasn’t willing to take a stand on Bitcoin, but hey, it got him over 100,000 views.

Today, after Bitcoin has matured some and added many features and investment capital, where do we stand on that potential vision?A few leaders in the Bitcoin community and investment have weighed in. forum: “I think that there is a higher than 50 percent chance that a bitcoin is worth more than a million dollars.litecoin live transactionsIt is hard to estimate how many people on bitcoins, but it may be somewhere between 13 and 15 million people right now.bitcoin ticker windows 7If Bitcoin is successful we will see hundreds of millions of people own Bitcoin and, eventually, billions.” “The only way we can get to billions of people owning Bitcoin is by the price going up by several orders of magnitude, let’s say $1 million.bitcoins per pscSo, if I am right, and Bitcoin has to go from $390 to $1,000,000 the best way for it to get there without crashing irreversibly is with as much volatility as possible.” Financial analyst Rick Falkvinge, a frequent guest on Max Keiser’s “The Keiser Report” on Russia Today shares Max’s enthusiasm about Bitcoin’s potential future value (Max Kaiser also believes this value may be in the cards for Bitcoin one day).backup of bitcoin wallet

If Bitcoin takes as much as 10% of the transactional currency market: “This leads us to a target market cap of 600 billion to 6 trillion USD, to be fulfilled by about 6 million bitcoin, which makes for easy calculations.That means that each bitcoin would be worth $100,000 at the low market cap and $1,000,000 at the high market cap.” website to also sing the praises of Bitcoin, and refer Gold and Silver investors to the digital currency.armory bitcoin downloadHe believes that Bitcoin’s long-term value should exceed $1 million USDand may be closer to $3 million USD “If you moved just 1% of the cash balances from offshore tax haven bank accounts, which currently hold estimated 30 trillion dollars of value if you move just 1% of that into bitcoin you are looking at 2.8 million dollars per bitcoin,” says Mayer.how do bitcoin nodes find each other

It's all just pie-in-the-sky speculation, but the real question may be what will a USD be worth in the future?It has lost about 97% of its value since the Federal Reserve Act of 1913.China and Russia would love to see the U.S.Dollar lose its global reserve currency status in the near future, causing its value and demand to plummet almost overnight.With Bitcoin proving itself to be one of the world’s top economic safe havens, I see no reason to doubt the future value of Bitcoin.However, in the future, a million dollars really won’t be a million dollars.We may be valuing Bitcoins against an ounce of gold sooner than you think.About Coinbase About Careers Mission Press In brief Founded in June of 2012, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin.We're based in San Francisco, California.Bitcoin is the world's most widely used alternative currency with a total market cap of approximately $10 billion.

The bitcoin network is made up of thousands of computers run by individuals all over the world.Stats 8,100,000 26,700,000 46,000 10,000 $117M raised from world's leading investors Working at Coinbase Digital currencies are changing how we use and think about money.Coinbase, the most trusted company in the space, is looking for you to join our rapidly growing team.Open positions › We're Hiring - Join the Team Digital currencies are changing how we use and think about money.Open Positions › Our Guiding Values We make Bitcoin, Ethereum, and Litecoin easy to use, strive to be the trusted brand in the space, and have built the world's leading platform for digital currency integration.The following page supplies a simple conversion tool from Satoshis (0.00000001 Bitcoins) to USD / EUR / CNY / GBP / RUB / CAD.It is updated live as soon as you enter the value of Satoshis you require.You can click the “refresh” button to get an updated value at any time.

USDEURCNYGBPRUBCAD Satoshi = USD $ USD $ USD $440.09USD Predefined Values: Click the Satoshi value below to use that value above.1 Satoshi = 0.00000001 ฿ 10 Satoshi = 0.00000010 ฿ 100 Satoshi = 0.00000100 ฿ = 1 Bit / μBTC (you-bit) 1,000 Satoshi = 0.00001000 ฿ 10,000 Satoshi = 0.00010000 ฿ 100,000 Satoshi = 0.00100000 ฿ = 1 mBTC (em-bit) 1,000,000 Satoshi = 0.01000000 ฿ = 1 cBTC (bitcent) 10,000,000 Satoshi = 0.10000000 ฿ 100,000,000 Satoshi = 1.00000000 ฿If the 25-year average is around $10,000, as increasingly looks to be the case, then it is likely that the real 25-year value of Bitcoin is in the region of $100,000 or so.A year ago, it was as if the world had all but forgotten about Bitcoin.With the year-ago-to-date price of the virtual currency 77% lower than its May 27, 2017 closing price of $2086.71, it was only rival blockchain derivative Ethereum that was causing a stir.

Ethereum, which debuted in August 2015, had notched up some 300% in gains since then and was being hailed as the next possible Bitcoin-style success story.But value networks are by nature expansive, and not just that, they overlap constantly with one another in terms of functionality, usability, focus and performance.So it wasn’t long before Ethereum’s momentum generated waves all over the market.(For a special behind-the-scenes look at Ethereum,  go here.)In 2017 alone, Bitcoin has risen by 118%, with about half those returns having been produced in the past calendar month period, while Ethereum is up 1950% in the Year-To-Date period, having gone up another 170% in the previous month.The recent gains represent some hefty windfalls, but it appears that the party may only just be warming up again for digital assets.Media pundits, once rather camera shy about professing anything other than a vague passing curiosity for all digital assets, have begun to report that Bitcoin may indeed actually reach as high as $10,000 before long.

Others still maintain that $25,000 a Bitcoin is not impossible over the next 10 years.Those recent enthusiastic prophecies reflect the conclusion of a presentation I gave at the Meckler Media conference almost two years ago to the day, back when Bitcoin was in $300-territory (there is a YouTube video of that presentation here).That presentation showed how by performing a series of calculations designed to interpret Bitcoin’s purchasing, speculative and investable value, the average 25-year price of Bitcoin (that’s a 25-year average, remember) was probably around $10,000 a Bitcoin.It also was the first to correctly forecast the rise of smart contracts and crowdfunding-style impacts on Bitcoin’s price.(Before that, in November 2014, I gave a similar presentation in which I estimated by performing the same calculations that the value of Bitcoin by 2017 would be  $2,469.55 – which turns out to have been dead on the money.You can download a copy of that presentation here.You can also read my more recent White Paper on Bipolar Market Economics published here at Coinspeaker to better understand the value of Bitcoin and digital currency assets over the long term.)

The reason for this is simply that if you take the price average of any asset, be it a house, a stock, or similar investment, it usually ends up higher than its 25-year average by about a factor of 10.This is after all the reason that long-term debt has such a beneficial impact on the economy vs.short term debt (which merely pump-primes the market with current liabilities that can rarely be amortised).While it is the momentum-bound gains that make for the sudden millionaire next door, it’s the the overall return premium of an asset divided by its long-term average rate of appreciation that makes everyone in society a winner.If the value of a Bitcoin on May 28, 2042 is $100,000 or so, then this means that right now, the virtual currency is a fantastic long-term purchase.Simply put, Bitcoin at this value represents non-cumulative returns on average of 196% a year for the next 25 years.It’s hard to rival that right now for potential price action, although it is worth noting that people achieved similar sorts of gains in the 1970-2000 period speculating on US and, in certain cases, on UK house prices.

However, the scenario wherein amazing long term returns are lying about ready for the picking can change in the blink of an eye, especially with respect to such a volatile asset class as virtual currencies.With Bitcoin trading at nearly $5000 in Korea this week, the forecast looks somewhat different: all of a sudden your annual return is more like 60% per annum.While that is still good, it may be slightly more risk than investors would consider reasonable to take on an asset class without any intrinsic value or long-term trading history.For Ethereum, we can assume a valuation premium over the price of Bitcoin, accounting for returns over the equivalent 25-year period.Yes – I am saying that Ethereum is likely to be worth well over $100,000.Simply, the incredibly versatile functionality of the underlying technology is almost foundational in nature to many of the great ambitions of those currently building the architecture for the Internet of Things economy.Naturally, this means that at half of Bitcoin’s current $30 billion market cap, Ethereum offers more or less double the long term attraction as does its predecessor.

There is potentially an overlooked caveat here, however; the core network underlying Ethereum is nowhere near as mature in terms of its overall development.Despite the fact that some of the smartest people you will meet in the world are engaged to various degrees in building it out, Ethereum is still as yet virtually untested if you take into account all the things that everyone intends to use it for.Thus, the relative price discount between ETH-BTC reflects the more junior state of the Ethereum Blockchain.All considered, there is no question that virtual currency assets are a screaming long-term buy at current valuations.Just remember – that won’t always be the case.Certainly, if things continue as they have so far this year for another year or two, the long-term value prospects of Bitcoin, Ethereum and other virtual currency assets won’t look anything like as appealing.For the time being however, it’s safe to hit the offer.Daniel M. Harrison is Editor-in-chief of Coinspeaker and Chairman & CEO of global investment company DMH&CO.