😐 Why Bitcoin is unlikely to be worth $1,000,000 anytime soon
Everyone has seen statements like: "BTC will be a million... this is the new financial system!"
But let's do the math.
🧮 Currently, there are ~19.88 million BTC in circulation.
If 1 BTC = $1 million → network capitalization = $19.88 trillion.
Comparisons:
US GDP — $30.5 trillion
Total gold market — $22.9 trillion
US stock market — $52 trillion
US M2 money supply — $21.8 trillion
Total global wealth — $500–600 trillion
🤔 So, for BTC to be worth a million, we need:
as much liquidity as in the entire US money supply,
and for no one to take profits, sell,
and for capital not to flow into altcoins, memes, or other junk.
😄 Can we realistically imagine that the world will abandon the dollar, stock market, gold, bonds, and banks in favor of BTC in 10–20 years?
This does not mean that Bitcoin is a scam. It can grow.
Just $1,000,000 is a nice dream, but unlikely without hyperinflation.
And if such inflation occurs — then even $700 for bread would not be surprising.
