Yeah 21 Quadrillion dollar market cap. Cool story bro.
No-Energy4550 on
As nice as it would be I don’t see it happening, atleast not for many decades.
ChaoticDad21 on
What’s interesting is that this is from Fidelity. This isn’t some Aunt Cathie LSD trip bullshit, but a legitimate financial firm.
thupkt on
If BTC goes to a billion within 15 years, the only money that matters will be BTC. Gold will be totally irrelevant as an investment vehicle, so let’s hope he is exact with his numbers
Advanced-Summer1572 on
I would trust Fidelity over just about anyone else’s speculation. We shall see!
[deleted] on
[deleted]
RutzButtercup on
I mean I won’t be complaining but I am not going to incorporate that into my decision making.
Sk8boyP on
None of this matters, Bitcoin is better money than fiat. Stay humble and stack sats.
Zombie_John_Strachan on
It *may* also be worth $1.
manliness-dot-space on
This would happen if they inflate the money supply.
We shouldn’t care about the exchange rate of dollars to bitcoin. We should care about the exchange rate of other property to bitcoin.
Is a billion dollars in 2038 enough to buy a house? A private island? Or a cheeseburger?
Boglikeinit on
Only if a loaf of bread in 2036 costs $500
Decent-Gear-6173 on
What a time to be alive 🍿
Nearby_Cookie_8663 on
Yeah I’m bullish but this is just straight up unrealistic
GinormousHippo458 on
The title of that article should instead be: “US Currency Forecast to Collapse VS Bitcoin in 2038”. Same story, same numbers.
Bakkus1987 on
Bearish actually
CilicianKnightAni on
1 million? Possible 10 years. Not this
ThinCrusts on
If USD keeps falling then sure, why not?
It won’t be any different than Zimbabwe’s currency though so you better compare it to some other curreny’s value
r_a_d_ on
it could be worth 10000000*rand()
Regret-Select on
Bitcoins currently up 100% from 1 year ago
If Bitcoin kept the same momentum, 100% gains each year, Bitcoin will be $1 billion by 2038
Too many factors to consider tho to think this is exactly what would happen. I imagine gains to continue to rise, but at a slower pace as marketcap increases
An_Individualist on
I’ll copy the exact response I wrote out the last time this story circulated:
I keep seeing this, and it’s just not true. The story is Fidelity’s Jurrien Timmer (who is a really smart guy), was commenting on the stock to flow model several years ago, and saying basically that IF the s2f model is true, we would have a billion dollar BTC. The s2f model has largely been proven to be inaccurate.
Legitimate_Towel_919 on
If BTC hits $1B by 2038 that means even $100 today could change lives. Time is the real leverage here
ZedZeroth on
With no change in supply/demand, this would require USD to lose 50% of its value every year.
Ambitious, but plausible.
Aggressive_Driver416 on
Take my money
Slight_Tiger2914 on
nope doubt that .. Highly.
Stock-Air-812 on
Sure if the dollar nosedives
random_name23631 on
Can’t wait to be buying a $4 million cheeseburger combo in 2038
teandjello on
Stupid
HistoricalShip4486 on
Pretty ridiculous
Top_Ad39 on
I believe that very high bitcoin prices are possible. But the price of bitcoin doesn’t tell the whole story. A BTC price of even $1 million would tell me that there’s a severe loss in the value of fiat currencies but especially the dollar. When the price of one BTC equals 1 billion USD, I suspect 1 gallon of gasoline in the U.S. will cost at least 100 USD.
GettingFasterDude on
Fidelity was into bitcoin very, very early compared to other brokerages. I suppose huge numbers are possible if bitcoin displaces all other forms of wealth, rather than coexisting alongside fiat, stocks, bonds and gold. Still, $1B seems crazy high.
lexxwern on
Depends on how much the underlying fiat is inflated.
34 Comments
Yeah 21 Quadrillion dollar market cap. Cool story bro.
As nice as it would be I don’t see it happening, atleast not for many decades.
What’s interesting is that this is from Fidelity. This isn’t some Aunt Cathie LSD trip bullshit, but a legitimate financial firm.
If BTC goes to a billion within 15 years, the only money that matters will be BTC. Gold will be totally irrelevant as an investment vehicle, so let’s hope he is exact with his numbers
I would trust Fidelity over just about anyone else’s speculation. We shall see!
[deleted]
I mean I won’t be complaining but I am not going to incorporate that into my decision making.
None of this matters, Bitcoin is better money than fiat. Stay humble and stack sats.
It *may* also be worth $1.
This would happen if they inflate the money supply.
We shouldn’t care about the exchange rate of dollars to bitcoin. We should care about the exchange rate of other property to bitcoin.
Is a billion dollars in 2038 enough to buy a house? A private island? Or a cheeseburger?
Only if a loaf of bread in 2036 costs $500
What a time to be alive 🍿
Yeah I’m bullish but this is just straight up unrealistic
The title of that article should instead be: “US Currency Forecast to Collapse VS Bitcoin in 2038”. Same story, same numbers.
Bearish actually
1 million? Possible 10 years. Not this
If USD keeps falling then sure, why not?
It won’t be any different than Zimbabwe’s currency though so you better compare it to some other curreny’s value
it could be worth 10000000*rand()
Bitcoins currently up 100% from 1 year ago
If Bitcoin kept the same momentum, 100% gains each year, Bitcoin will be $1 billion by 2038
Too many factors to consider tho to think this is exactly what would happen. I imagine gains to continue to rise, but at a slower pace as marketcap increases
I’ll copy the exact response I wrote out the last time this story circulated:
I keep seeing this, and it’s just not true. The story is Fidelity’s Jurrien Timmer (who is a really smart guy), was commenting on the stock to flow model several years ago, and saying basically that IF the s2f model is true, we would have a billion dollar BTC. The s2f model has largely been proven to be inaccurate.
If BTC hits $1B by 2038 that means even $100 today could change lives. Time is the real leverage here
With no change in supply/demand, this would require USD to lose 50% of its value every year.
Ambitious, but plausible.
Take my money
nope doubt that .. Highly.
Sure if the dollar nosedives
Can’t wait to be buying a $4 million cheeseburger combo in 2038
Stupid
Pretty ridiculous
I believe that very high bitcoin prices are possible. But the price of bitcoin doesn’t tell the whole story. A BTC price of even $1 million would tell me that there’s a severe loss in the value of fiat currencies but especially the dollar. When the price of one BTC equals 1 billion USD, I suspect 1 gallon of gasoline in the U.S. will cost at least 100 USD.
Fidelity was into bitcoin very, very early compared to other brokerages. I suppose huge numbers are possible if bitcoin displaces all other forms of wealth, rather than coexisting alongside fiat, stocks, bonds and gold. Still, $1B seems crazy high.
Depends on how much the underlying fiat is inflated.
These values have no meaning.
Why so bearish?
2038 me will be very upset with me.
Even 1 million in 2038 is quite a long shot imo