how much does a bitcoin worth?
Some say:Worthless. Its just a Ponzi scheme.
A ha; I would like to read this. Would be funny after 8 years someone to give adequate reasons why he believes something like that
Some hail:Priceless! Its the future of money.
Why not. Yesterday, I read
this that in Japan after the recent legislation about 260,000 stores will accept bitcoin as payment this summer.
A Chinese economist Ou Chengxiao, often nicknamedOu Guru said yesterday "The price of bitcoin is 1000 times overvalued". He believed that the value of currency is decided by its scale of circulation, or adoption. But now the lack of businesses that accept the digital currency as payment has been holding bitcoin back from wider adoption. not so many people are buying things with btc.
i am a little confused why he is so sure bitcoin price is 1000 times overvalued. why not 100? 10? why exactly 1000? Do you agree with him?
I found the english translation from this post
here I don't know the famous 'guru' economist but if someone wants to search for him in english google the first result is only this thread. Therefore, I am pretty confident that he is not so famous as OP stated and I believe that is only a charlatan who tries to create reputation about his name. Moreover I would like to point out OP that according this article the author(Ou Chengxiao) in chinese language is not an economist but an investor in real estate.