Post
Topic
Board Beginners & Help
Re: will the bitcoin reach $1000 one day...?
by
Singlebyte
on 01/09/2013, 22:14:31 UTC
Yes, it will hit $1000 one day when the price of a burger will be $500. lol

A burger is about $2 bucks. Twice that is $4 bucks. Are you saying Bitcoin will go from $120 down to $4 in value terms?

Your logic is sound.  But as I am surely you are aware, he was just pointing out that inflation will raise the value of everything over time.  Obviously the dollar ratio was not factored into his post.  But you definitely reveal an interesting observation.