Post
Topic
Board Speculation
Re: Bitcoins price can go up to $1million
by
DeathAndTaxes
on 25/02/2013, 17:28:57 UTC
Dreamers... there is no way Bitcoin is going to replace all World currencies.

One can have a discussion without thinking it is going to happen.  It is useful to provide an upper bound on value.  One Bitcoin for example will never be worth $10 trillion USD when measured in 2010 dollars (adjusting for inflation).  One the other hand the bitcoin money supply is currently only worth about 0.006% of global money supply.  So while Bitcoin will probably not replace ANY currency (much less all of them) if it carved out a niche where it was used by say 1% of the population it shows the upside potential is significant.