Bitcoin as a global currency, but because of the inherent weaknesses in the US dollar going forward. What is the ceiling for the future of money? With that in mind, consider that the global M2 money supply is estimated to be about.7 trillion, expressed.S. There is no doubt a Bitcoin will be worth 1 million USD, not so much because of the strength of Bitcoin as a global currency, but because of the inherent weaknesses in the US dollar going forward. In fact,.S.-based transactions are one of the smaller sources of bitcoin volume.
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In addition, bitcoin is widely used for illegal activities, such as drug transactions and ransomware attacks due to its anonymous nature. For example, in Venezuela, where the economy is collapsing, bitcoin is being used to buy food. Bitcoin has experienced breathtaking gains so far this decade, and many experts are wondering - could. Bitcoin will undergo a halving next July, dropping production.5 BTC every ten minutes, which certainly wont hurt Bitcoin s price in the long run. As of this writing, there are approximately.7 million bitcoins in circulation. Bitcoin bull market, are we just taking a trip to Fantasy Island, or is there real digital gold in these economic graphs, long-term?