Quote from: Anon136 on November 30, 2013, 01:53:52 AM

"If you moved just 1% of the cash balances from off shore tax haven bank accounts, which currently hold estimated 30 trillion dollars of value, if you move just 1% of that into bitcoin you are looking at 2.8 million dollars per bitcoin" -trace mayer

Hmm not true. If at this present moment we have market capitalization $12 Trillion, Then one Bitcoin is going to worth $1 Mil.

1% of $30 Trillion is $300 Billion. If the market capitalization is $300 Billion then one Bitcoin's worth now will be $25000 not $2.8 milion like you said.

So we need $12 Trillion fresh money flow into Bitcoin. Certainly possible! Within 4-5 years from now. Who knows maybe even 3-4 years.