[dtube] Who Would Buy $1 Million Bitcoin?
Butterflies Bees asks "if one Bitcoin can go up to one million dollars each, who will buy it then? Who will buy one bitcoin at one million dollars?"
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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Original date of upload: December 30th 2017
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For those who is rich and want to diversity :)
You can always buy a part of BTC.
And the real whales are not here on Steemit.The real whales ( companies,banks,governments) are out there...waiting.There are thounands of millionaires around the world.BTC will replace gold one day.Andit will be ameassure of wealth.Plus ,if it reaches at 1mill it will drag almost every currency to new highs so people who are early in crypto world will become millionaires.
I just hope that all these will happen to our generation
Agree the whales are not the steemit crowd but disagree with BTC replacing Gold. In my opinion they can work together and not cannibalize one another.
There aren't THOUSANDS of millionaires in the world, there are closer to 47 MILLION millionaires in the world by some estimates. Source
If each millionaire wanted to own a Bitcoin and it became a trendy thing, I'm sure there would be some people willing to pay more than $1,000,000 each for them.
That’s totally true. Even if bitcoin is for a 1 mil you can always buy portion of it for even just a few dollars. People are not informed well as you said. Once they find out, they will beat their head for not knowing earlier, just like I’m now for not buying bitcoin a year ago.
One day will come when BTC price will be like this. It will be out of reach for common people. The will effort to buy Satoshi only. So, wise to have some BTC now in the bear market.
Okay let's take the second route. Where the price of dollar drops to the point that a fifty thousand present day dollar bitcoin is actually one million dollar bitcoin. It's not an entirely impossible scenario.
I think people are inherently intelligent. In the coming decade they are going to realize that value is equal to money and dollar is not equal to money. Considering this the value of Bitcoin, even if it is 10 million a piece will be bought and sold by the people who understand that value is in what we choose not what's dictated.
I know it's far fetched but again the reasoning is not entirely improbable.
Before that will happen that mean bitcoin would have turn to gold then, people that has the coin will now be the most powerful individual in the world.
People that will buy it will surely do, it is just that a lot of poeple won't be able to afford to buy it but those that can afford to buy it will become more powerful and be the controller of the universe lol. This might be funny but it does make sense because anything can happen in the nearest future.
That’s exactly why I’m buying bitcoin now, because more people get educated about being able to buy only portion of bitcoin the more people will buy it which will increase the bitcoin in value. This way it will eventually get to 1 million and more. Along with other reasons of course as well. Short video, but good point!
Investing that huge amount on bitcoin is feasible, bitcoin is a reliable financial instrument, I can invest my all on bitcoin, because is the leading cryptocurrency in market capital chart list, it predictable base on demand and matter of time, bitcoin is doing well this is an interesting topic Sir @louisthomas.
ethereum moon shot coming
This is such a hard one to answer , but I believe if bitcoin could go up to $1m other cryptos will rise to and one can easily use crypto to buy crypto. { any other crypto to buy bitcoin}