Could one bitcoin be worth $1 billion by 2038?

One Bitcoin may be equivalent to $1 billion by 2038, according to Jurrien Timmer, Director of Global Macro at Fidelity. Timmer backed up his assertion with a 4-hour BTC/USD chart that combined the stock-to-flow model with his demand model. In Timmer’s words:

How much is bitcoin worth today?

In its first seizure related to Silk Road in 2014, the government grabbed 29,657 bitcoins and sold them for around $18 million. Today, it would be worth more than $1.6 billion. In those days, it wasn’t easy to sell Bitcoin, a digital currency created with blockchain technology and stored in so-called digital wallets.

How much of the world's money is in bitcoins?

The combined value of bitcoin was equivalent to just 0.3% of the world's money. Bitcoin was worth only about 7.6% of the world's gold supply. All cryptocurrencies combined accounted for about 0.56% of the world's money. To get a sense of how much of the world's money is in bitcoins, we must determine the total amount of money.