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Board Beginners & Help
Re: will the bitcoin reach $1000 one day...?
by
DannyHamilton
on 04/12/2013, 22:11:45 UTC
really good read I stumbled across this in the KNC thread

http://www.coindesk.com/bitcoin-price-reach-98500-say-wall-street-analysts/

Ha, I knew 100,000 is possible. But I think it will take around 20 years.

BTC crosses the $1 threshold for the first time on February 9, 2011.

BTC crosses the $10 threshold 4 months later on June 2, 2011.

After a crash BTC drops below $10 (but not below $1) 2 months later on August 3.

Eventually BTC recovers and exceeds $10 again on September 3, 2012, never dropping below that value again since.

Increase from first cross of $1 to stable value above $10?  Less than 19 months.



Now, lets look at mBTC.

mBTC crosses the $1 threshold for the first time on November 27, 2013

Seems reasonable to believe that mBTC could reach a stable value above the $10 threshold within 24 months doesn't it?

1 mBTC = $10 means 1 BTC = $10,000