Can $1.00 worth of Bitcoin make you a Millionaire one day?
Well let's take a look..
Currently $1 USD gets you 0.00011 BTC at the time of this post.
Now what would the price of Bitcoin have to be for that to be worth $1M?
1,000,000/0.00011 = $9,090,909,090.90
So if Bitcoin hits $9 Billion dollars that would make 0.00011 BTC be worth $1 Million Dollars.. and that's just from a $1.00 investment!
In the past I have made posts discussing this in more detail here:
Now obviously the math proves Bitcoin can (possibly) go over $1 Billion Dollars!
We have to imagine that with 7.6 Billion people sharing only 21 Million Bitcoin.. There is 361.9x more people than Bitcoin which means if divided equal everyone would have 0.00276315 BTC per person, but if you divide all of the US Dollars ($3.8 Trillion) equally everyone would have $180,952.38.
Conclusion
So either way I think we have a long way to go, but I think that we can say it is possible, however is it likely?
Let me know what you think in the comments!
Post - Vote - Earn :D
Disclaimer: I am not an Investment Advisor, and this is not investment advice. This for entertainment purposes only!