In the below infographic, the creators attempt to equate the value of Bitcoin to the value of other assets, resulting in a 1.4 million dollar bitcoin!
In the last bracket, all the way at the bottom, you see they come up with 1.4 and 2.8 million dollar bitcoin prices, if bitcoins were these other assets, or based on them, it seems. This is insane, of course, but it makes one wonder what a true ceiling on bitcoin value would look like.
The asset is fixed which means there will never be more than a certain amount. This should contribute to a higher value, but won’t matter until interest is significant enough that people are willing to buy it at higher prices because of it. There is always the possibility that a large group of people may want to migrate into Bitcoin at the same time, which would cause a bull run up the ladder of prices, as high as we could dream if their (Chinese?) pockets were deep enough.
For years, there have been those who have talked about the Bitcoin that will be worth thousands of dollars each. We have never seen this yet, but that does not put it outside the realm of possibility, necessarily. Images from Pixabay and Runtogold.com.