Quote from: mrhelpful on March 08, 2016, 01:13:26 AM

Quote from: richardsNY on March 07, 2016, 11:46:34 PM

Quote from: ultimatesky on March 07, 2016, 11:39:04 PM

The bitcoin in 2020 can be really good, I think a lot of country's have stepped in by that time.
Its of course still a prediction because the bitcoin is not to predict but I think the bitcoin will be worth a lot more by than and a lot bigger, and maybe even a official currency.

Countries stepping into Bitcoin? Let's assume you are talking about governments, it will not happen. Governments are only interested in things where they can have full control over everything. With Bitcoin that isn't possible and that's exact the reason why they will never adopt Bitcoin.

I know goverment cant do this, but what if its based on companies that have governmental contracts.

I say private companies can take this route, if there is no other option and say its backed in some trust to get people going? no?

That's a possibility, but before they do that they must have a significant share in Bitcoin. Otherwise why would they ever do this. If they are planning to take a significant share in Bitcoin, then they have to start buying up which will cause the price to go up. Even if they buy in small amounts at the time. And then again, how much coins will they need to be satisfied? 200K? 500K?