Post
Topic
Board Speculation
Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
by
leopard2
on 07/07/2016, 00:59:25 UTC
even if only a tiny fraction of the worlds money supply moves into BTC, a price of 10 000 or even 1000 000 is easily possible

check this out

http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/

world money supply 80 000 000 000 000

approximately 67000 $ per bitcoin, even if only 1% of it moves into bitcoin

NOW, total world debt is 200 000 000 000 000, and in case of a fiat currency breakdown, this debt has to be converted into money (so called monetization of debt; typically done as part of a monetary reform).

----> theoretical potential of up to $1.6 million per Bitcoin

Naturally not all money will move into Bitcoin but it is a clear thing, that 10 000 or even 50 000 are a nobrainer, and fiat money (and debt) is exponentially growing

Silver is also good.

Sleep tight LOL  Wink!

and HODL!!!