1SPA should be 1.5 to 3 BTC. GDP of Spain is 1.35 Trillion USD while Iceland is only 14 Billion USD.
Hey I will sell you SPA coins for 0.5 BTC each so you can make much profit
Its a great deal for you, please contact me
I predicted the value of Aurora to be 70 USD in another forum. In fact Aurora touched 96 USD. Now let me give you some facts. The currency circulation of one country is about 6% of GDP. See this http://jerrykhachoyan.com/currency-in-circulation-as-a-percent-of-gdp/. In 2012 GDP of Spain is 1.35 Trillion USD. See this http://en.wikipedia.org/wiki/Economy_of_Spain. That means 6% of 1.35 Billion is 81Billion USD. If for example we just use 30% because Spain still have its own Fiat money in circulation now, that means 24.3 Billion USD. Now divide that by 50Million coins. You will come up with 486 USD or .78 BTC. Now in the future if all will use this currency that means the value should be 81Billion divided by 50M coins which is 1620USD or 2.6 BTC at currenct exchange rate.
+1
Only problem in my analysis above is that there's not enough BTC to cover the potential value of this coin. There are 2 scenarios i can see.
1. BTC value will rise because of demand from other alts to enter SPA. Lowering the alts value.
2. Direct SPA-Fiat exchange will open up bypassing BTC altogether.
If the holder of 50% premine is wise enough. He should use some of the SPA holdings to make sure that SPA-Fiat exchange will be put up shortly to achieve its max value potential by either putting up the exchange himself or give seed money to already existing BTC-Fiat exchange to support the coin.
For miners who don't understand the potential value of this coin please see above.