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Topic
Board Speculation
Topic OP
What is your outlook (price target) for bitcoin in the next 2 years ?
by
suntsu
on 03/02/2013, 14:58:13 UTC
Hi,

What is your outlook (price target) for bitcoin in the next 2 years ? (in USD/BTC)

Please vote and argue your case.

With the risk of introducing bias, here is my vote/argument: I believe bitcoin will be worth between 50 and 100 in the next two years. A total market cap of about 200 mio USD today for a technology like bitcoin seems small. I think a total market cap of 1 billion within 2 years is realistic, which would lead to a price between 50 and 100. A market cap of 1 billion would be achieved when 1 million users each hold about 1000 USD worth of bitcoin. Main drivers:
1) regulation (government ban or not ?)
2) ability to scale (how many users/transactions can the network handle?)
3) the rise of other, better crypto-currencies
4) acceptance by businesses (will there be many "Wordpresses" in the next two years ? will Google/Amazon/Facebook/Apple on day accept them ?)

Most interested to see your votes and hear your thoughts.