Post
Topic
Board Economics
Re: Bitcoin could be worth 100x more than today...if you trust the Winklevii
by
Barnacle_Ed
on 12/11/2013, 23:32:01 UTC
Title needs to be amended: Bitcoin could be worth 100x more than today...if you trust the Winklevii.



That's a pretty big "gotcha".

Since it has demonstrably gone up 10× every year and even conservative people think $35,000 per bitcoin is doable, there's really not that much of a gotcha.  (The highest reasonable estimates are around $300,000 per bitcoin, which would mean it could be worth 1000× what it is today.)

Because hyped growth is always sustainable right?

Call me a pessimist but I have trouble believing that Bitcoin will continue this meteoric rise in value.