Re: Bitcoin Looks a Lot Like an Early Amazon

If history is any guide, this may only be the beginning.

https://www.investopedia.com/news/bitcoin-looks-lot-early-amazon/

https://twitter.com/officialmcafee/status/935900326007328768

McAfee has retracted his statement of $500k Bitcoin by 2020 and replaced it with $1m by 2020 or he will eat his dick on TV

$1M for each bitcoin so this will generate a lot of millionaire I also would like this see this happening. Interesting to read about this it has a lot fun.

I am not so sure anymore that it will create a lot of millionaires. If Bitcoin goes up a lot I think that's reliable indicator for corporations and already millionaires/bilionaires to have loaded their bags during all those uncertain times like in 2014/15 and even 2016. It's hardly possible to make clear statements about the distribution but my feeling is that a lot of Bitcoins are in the hands of a few big guys / corporations.

I recently read in an article that many Americans who own bitcoins are waiting bitcoin to become $250k-500k/piece to get out. That means an average bitcoin user holds not more than 2 pieces and more likely its below 1. If everybody is waiting to become a millionaire with 1 bitcoin in their wallets, my logic says, that's not going to happen but who knows that's bitcoin I'll hold anyway... All it takes more buyers than sellers like always Cool

edit: Now come to think of it, there will only be 21 million bitcoins and only 5-8million of them will be in circulation while like 4-5 million are lost forever. So, 1 btc/$1M makes sense in a way. Cool

Bitcoin would succeed if it becomes indeed the cheapest architecture for commerce to use. But I know that banks in this moment are doing a lot to improve their current infrastructures. Bitcoin is the real competition and now they finally start moving. Maybe too late