Can Bitcoin Hit $1 Million ? – Realistically

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  1. With the current technology of BITCOIN If it was $1 million per btc it would take ~two weeks and cost ~$45,000 to complete a transaction. The BTC blockchain needs to be properly upgraded so it can support the transaction speed

  2. What a wonderful video! Amazing. Very thoughtful and futuristic. Just to put my 2 cents here, I don't know if Bitcoin will ever hit $1M or not but I do know Governments will settle their debts in Bitcoin (Like Finland has already planned), Amazon will use Data stream to identify Bitcoin User address, US Govt is not stupid to hold the largest amount of Bitcoin , Japan and South Korea are not stupid to make it legal. If you look at the regulatory aspects, the countries that have problem with Bitcoin are kind of similar, either in culture(China & Russia) or in Economy (India, Bangladesh, pakistan and all the third world countries). They had always problem with innovation. The phrase "Intellectual Property" is something that does not exist in their law books.These countries have the history of stealing technology from the West or accepting the innovative technology when the technology is at least 2 decades old. By the time they will understand the value of Bitcoin, Blockchain, smart contract and decentralization west will come up with the idea of immortality and leaving the earth for another planet. .

  3. Nah the first who enters the market will never be adopted maybe store of value but there are more ustd and euro pairs now at the exchanges btc will loose dominance

  4. A met a dude last night and we were talking crypto. He said Bitcoin will be the #3 coin in 2025. He went over the ebbs and flows of the market from now till then. I thought he was just fukn crazy as he stumbled out of the bar. It wasn't until I saw him crawl into a Delorean and fly down the street leaving a streak of flames behind him that I said to myself, "Fuuucckkk…He's dead".

  5. McCaffee actually agrees with Rick Falkvinge. He said that 1,000,0000 by 2020 is the ‘safe’ scenario. He actually thinks that 5,000,000 is more likely to happen.

  6. Some Altcoins are now at a point where there is no way Bitcoin is going to eat them, infact. I think Bitcoin needs to work hard to even keep its number 1 position on the market.

  7. this is like trying to predict how many horses will be needed in 2000 when you are in 1900, the new apple coin in the iphone store , google coin in the android store will change everything. people will go to the brand name

  8. I think that one thing that can help BTC to reach prices so high like this is if something happend to other fiat currencies. I see that most people don't see or take care about USD devaluation vs other currencies right now. If USD devalues too much in until 2020 that will help cryptocurrencies get faster sky high prices in USD. We always measure the price of BTC in USD because is the standard now but what happens if USD fall in value and/or other countries arround the world explode in financial crisis or big wars.

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