People often say that Bitcoins will reach 1 Million Dollars, but I believe it can go even higher!

In the future there will be 21 million bitcoins in circulation.  Also happening around that same time, the Earth will reach a population of approximately 8 billion people.

So, what's going to happen when the old fiat money goes under and the new digital money becomes the money that everyone uses?

Well, supply and demand will happen, that's what!  Think about it, and let's do the math together:

21,000,000 Bitcoins / 8,000,000,000 people = 0.002625 BTC Per Person On Earth!!!

Let's call that the average amount of Bitcoins that each person will eventually have once the BTC price finally settles into an equilibrium (many many years from now in the distant future).  But we don't need to wait for the distant future to get rich, Bitcoin holders will probably be multimillionaires long before Bitcoin reaches equilibrium.

So if you have at least 0.003 BTC (one-third of one percent) by the time Bitcoin becomes the global standard currency, then you will have considerably more money than the average person.  Simple as that.

Maybe 0.003 Bitcoins is enough if you're a communist, but if you're a capitalist then the sky's the limit.

Let's take this a step farther to estimate what an entire Bitcoin will be worth at that point in the future.

According to the internet (correct me if I'm wrong) the average middle-age person is generally worth about $100,000 to $200,000 dollars.

Those numbers probably aren't accurate for the entire planet, I think they probably only counted 'developed nations' but since we're talking about some time in the future then we might assume that all nations will become 'developed' by then.

So, just for example let's say that the average person has about $150,000 dollars worth of savings and possessions.

Here's the math:

1.0  /  0.002625  =  380

and

380   x   $150,000  =  57 Million Dollars Per Bitcoin!!!

That's how much Bitcoins will be worth in the (very) long run, 50+ Million USD (in today's dollars that is).  When everyone on Earth is using BTC and the average dispersal to each individual over time settles at just below 0.003 then Supply And Demand will be able to sustain a 50+ Million dollar bitcoin.

But when will this happen?  When will bitcoin reach 50 million dollars?

That's the part that's harder to predict.  But my bet is that most of us will live to see it!

And what makes me say that?

Haha, Mathematics!

Because as Bitcoin is making moves towards becoming the global standard currency, the dollar is declining in value.

The math says bitcoin will be worth 50 million dollars some day, but that's in today's dollars.

By then the value of the dollar will probably be very different.

Most likely if and when Bitcoin takes the dollar's place in the world, the dollar will become less valuable (also inflation makes the value of the dollar go down anyway, thanks government).

All that assumes Bitcoin will reach global acceptance and will eventually approach equilibrium, which was possibly Satoshi's original vision.  But there's still some challenges that Bitcoin will have to overcome.  The recent Bitcoin Cash Fork is a sign of some of Bitcoin's limitations.

But consider this:  As the value of fiat approaches zero, the value of crypto will approach infinity.  So it's not really hard to pull a number out of thin air and say that Bitcoin will someday be worth that much, but it sure is fun :)

That's my story and I'm sticking to it.  Mark my words, if you have at least 0.003 BTC then your children or grandchildren will be set for life.  Just hold onto it for the long term.