Quote from: odolvlobo on January 04, 2016, 10:52:23 PM

Quote from: Blue_Panda73 on January 04, 2016, 10:18:46 AM

Quote from: Hellacopter on January 03, 2016, 11:21:37 PM

Quote from: Blue_Tiger73 on January 03, 2016, 09:23:50 AM

You are right. There is a chance that this will happen. I just really doubt it. There is a very small chance it will happen. I think the max Bitcoin will reach is $10,000.

I agree, and even i think that reaching this amount $10k is not easy and may be need few years to happen if it's possible of course. But i don't think that bitcoin's price will reach $11M it's likely very hard to happen

If the bitcoin becomes a reserve currency, the price will reach $11m eventually. The US treasury is about $20 Trillion, divided by 20 m bitcoin, that is $1m for each bitcoin.

I'm not sure what you mean by "the US treasury is about $20 trillion", but the St. Louis Adjusted Monetary Base is about $4 trillion, so $4 trillion divided by 20 million bitcoins is $200,000 per bitcoin.

The value of a bitcoin will exceed $200,000 only if all the dollars are replaced by bitcoins (assuming FRB at current levels).

The US treasury or the US national debt is about $20 trillion, http://www.reuters.com/article/us-usa-fiscal-debt-idUSKCN0SG1PH20151022.

That needs money to buy.