Post
Topic
Board Beginners & Help
Re: Great ways to invest.
by
nobbynobbynoob
on 04/05/2013, 21:39:21 UTC
As for bitcoins valuation, the sky is the limit. 1000+ is possible if it gets adopted worldwide and is used to buy and sell.

why set the bar so low? I heard people on here talking in the neighborhood of $100000 a coin.

The latter is possible but I tentatively predict mBTC-$ parity (or 1000 USD/BTC) within 18 months of now. (Which may or may not be a bubble.) $100/mBTC ($100k USD/BTC) will almost certainly have to wait longer. Grin

15 million BTC x 100000 USD = 1,5 trillion USD. Realistic if bitcoin really gets going, but that's gonna take some time. Gold markets including paper "gold" are roughly 7 trillion USD I think.