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The Economist magazine targets on its front page the year 2018. as THE YEAR in which ALL THE FIAT CURRENCYES will be DESTROYED („burned“) through hyperinflation AND REPLACED with computer generated money (do pay attention to the „1“ and „0“ on the coin on the front page, that imply binary system that the computers run on, together with the year 2018.; the crossed zero in the middle of the coin signifyes the ferrite core that is magnetised by the electric current passing through the conductor) – the crypto currencyes.
According to the article:
http://www.zerohedge.com/news/2017-12-12/gold-guys-view-crypto-bitcoin-and-blockchain
there is close to $200 Trillion USD value of fiat currency issued by governments around the world…
It is reported by:
https://hacked.com/crypto-market-stabilizes-bitcoins-share-pie-grows/
that bitcoin today accounts for only 40% of the cryptocurrency market.
IN THE IDEAL SCENARIO, where ALL the worlds` fiat currencyes were to be converted into cryptocurrencyes (and that the BTC portion of the cryptocurrency market stays stable at 40%), that would leave the maximum of 0,4 x 200.000.000.000.000.,00$ = 80.000.000.000.000,00$ (80 Trillion USD) available just for BTC.
In that case THE MAXIMUM PRICE OF BTC would be:
80.000.000.000.000/21.000.000 = 3.809.523,81 $/BTC (provided that the worlds` goverments do not
print any additional fiat currency, of course)
/21.000.000 is the maximum amount of all the available BTCes /
We can further finetune this according to the assumptions in regards to the actual cryptocurrency adoption rate.
I.) In case that only 2% of the worlds` fiat currencyes were to be converted into cryptocurrencyes (and that the BTC portion of the cryptocurrency market stays stable at 40%), the BTC price would be:
0,02 x 3.809.523,81 $/BTC = 76.190,5 $/BTC
II.) In case that only 5% of the worlds` fiat currencyes were to be converted to cryptocurrencyes (and that the BTC portion of the cryptocurrency market stays stable at 40%), the BTC price would be:
0,05 x 3.809.523,81 $/BTC = 190.476,2 $/BTC
etc.
