Post
Topic
Board Speculation
Re: What is the long term value of Bitcoin ?
by
Carlton Banks
on 03/06/2013, 09:31:12 UTC
Third Way:

Could it be possible that it could outvalue either or both? I believe it's almost certainly more valuable than all the money currently out there, and could also eclipse the value in all precious metals too. After all, absolute valuation of the gold supply in dollars is rapidly becoming pretty meaningless. The real value of the dollar (and the other main currencies) is also pretty contentious. Bitcoin's actual utility compared to Gold or the dollar is worlds apart, we know this already. And so, the only actual advantage that gold/dollar have is that of it's perception by the majority. We know that Bitcoin is a better a store of value, and better to transmit value with. It's just that they don't know it. Yet.