Quote from: jehst on October 24, 2016, 06:34:26 PM

$560,000 to 1 MM+ will be the mature value of a bitcoin once it's *the* currency of the internet. *The* destination for offshore wealth storage. *The* currency of outsourcing. Held by all central banks in their reserves alongside the USD, YEN, GBP, and gold. But this will take perhaps 20 years. The idea that this will happen within a few years is pretty nutty IMO. The infrastructure takes time to be built. Hell, it may take another year or two for the Winklevoss ETF to go live.

Wow... it does not take that much infrastructure for BTC to reach $500k to $1million. bitcoin would only need to be about the equivalent of gold's market cap for it to reach $1million.... so you are making it sound more insurmountable than it is...

Sure, there are likely going to be a lot of struggles on the way up, but bitcoin does not need to be dominant in order to reach $1million per piece. if bitcoin is 1% to 10% of the economy, it would well surpass the value of gold and surpass $1million per piece...