Quote from: hndrk10 on November 29, 2017, 11:30:40 AM

Quote from: The One on November 29, 2017, 11:25:21 AM

Quote from: Fonz Ferdinands on November 29, 2017, 07:34:23 AM

On 30th March 2017 the market cap for Bitcoin BTC was just under $17 billion USD. Today (29/11/2017) the market cap of BTC is over $177 billion USD. It's the law of supply and demand. In just over 7 months, an extra $160 billion USD has come into BTC but the BTC supply hasn't increased at the same rate therefore driving up prices from $1,061USD on 30/3/2017 to today's price of $10,637.50 on 29/11/2017.

Don't be stupid. Learn economic and finance before posting crap. Supply and demand only goes so far in explaining the price equilibrium. The holders of BTC are not selling and the buyers are pushing the price up in order to obtain btc. Currently the holders are deciding the price of btc. This does not imply the buyers had pumped in $160bn of hard cash.

Wait, so, even if there are 350 trilion dollars in the world. And let's asume Bitcoin will have this Market Cap. Does it mean the price can still increase just due Supply and demand?

No. If btc = total fiat then there is no more fiat to buy. Then again fiat will keep on increasing until all governments ban "fractional reserves."