Post
Topic
Board Bitcoin Discussion
Re: A recent Wall Street Journal article about $1 Million = 1 BTC possibility!
by
mktrader
on 05/04/2014, 06:20:01 UTC
These silly predictions do more harm than good for adoption of BTC.


It will not happen in our times. The bitcoin price is oscillating at 425 to 450 for last few days. We should concentrate  to reach $500


Yeah no. Unless there is a massive devaluation in fiat so that the price of BTC skyrockets I'm skeptical we'll even reach 10K per coin before 2040 let alone one mill per coin. You guys are really dreamining a little too big here  Wink


Some old Bitcoin experts actually have the technical data to forecast such a high price! Not saying that they are right or wrong, but these guys have been right in the past with regards to pricing forecasts!

See their opinion here:

https://bitcointalk.org/index.php?topic=366214.0

https://bitcointalk.org/index.php?topic=345065.0

Again, in my opinion, $100,000 is more probable and likely compared to $1 million in medium term.