In my understanding, number of bitcoin users now is only 350,000, less than a million at least.
When it reaches 100 million, we are still in early adopter phase in global scale.
It is very important to realize that all growth has its limits, and the limit for bitcoin growth is that it replaces all other liquid wealth. That would lead the purchasing power to be in several million$ range. A more conservative scenario, that of replacing gold, would put the price at $300k/BTC.
When it reaches 100 million, we are still in early adopter phase in global scale.
It is very important to realize that all growth has its limits, and the limit for bitcoin growth is that it replaces all other liquid wealth. That would lead the purchasing power to be in several million$ range. A more conservative scenario, that of replacing gold, would put the price at $300k/BTC.
It's still at least a 1500-bagger
Good brainwash - $300k is now "conservative" as Chamath estimated $0.5-$1M...
Hehe, and people on reddit call each other insane for predicting $1000 by 2014. lol. Some clearly haven't grasped the enormity of what is hitting them yet.
yeah the question is are the "powers that be" finance/banks and such gonna jump on this train....or try to wreck the train...there will be some major backlash ..if history is any indication massive movements of wealth to the masses has been discouraged..usually by force regulatory and or physical....I myself and betting on 'greed' having them jump the train...ie at least stick a toe in the water with some fiat ..if that works out then the big splash from those with big money...but then again we humans are the "frenengi of primates' so something really stupid will probably happen don't ya know in the above regard...to try to derail bitcoin