Post
Topic
Board Bitcoin Discussion
Re: How 1BTC can eventually be worth $11M
by
dime2spend
on 22/01/2016, 10:05:51 UTC
I fail to see why the price of BTC should climb this high. Just because everyone holding a few BTC hopes that this is going to happen won't make it happen. So far BTC is still a niche currency and its acceptance is not as wide spread as it should be. It's still much easier to buy something with a credit card than with BTC. The Blockchain is a great idea and I'm pretty sure that this concept will find its way into the banking world but I really doubt that they will buy into BTC. Instead they are just going to create their own blockchain adjusted to their needs.

That doesn't mean that BTC will become obsolete but I really doubt that it will become a currency for the masses. Instead to wait for a price increase BTC should be better promoted as the one thing it was initially meant to be a currency for the internet.