Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
BldSwtTrs
on 25/11/2017, 00:58:02 UTC
DNMs are adopting Monero in a monotonically increasing manner.  DNMs are a growing economy, and the global black market is now in excess of 20 trillion USD p.a..  If just 1% of that market is denominated in XMR at a money velocity of 10 (almost insanely pessimistic round numbers) and assuming NO reserve demand, the XMR market cap will inevitably rise to 20 billion USD, and 1 XMR will clear for 1 ounce of gold.  In reality I expect it to surpass the value of Bitcoin, somewhere around 10 to 20 thousand dollars.
Why are you so bearish aminorex?

Long term, $10-20k doesn't seem a lot.