Post
Topic
Board Speculation
Re: Can bitcoins break $5,000 in 20 years?
by
jojo69
on 31/08/2012, 17:36:03 UTC
Quote
Can bitcoins break $5,000 in 20 years?

I think everybody forgets one little detail in this train of thought - the dollar will be long gone by that time! Smiley
Or you seriously believe Chinese will keep buying US debt for another 20 years...  Grin

I would be pretty surprised if China wasn't still buying US debt in 2032.  What the hell else are they going to do with their dollars?

http://en.wikipedia.org/wiki/Normalcy_bias