Post
Topic
Board Bitcoin Discussion
Re: A recent Wall Street Journal article about $1 Million = 1 BTC possibility!
by
Light
on 05/04/2014, 06:25:27 UTC
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.

Widespread adoption would be necessary to enable such prices to occur, and honestly I feel that people view Bitcoin as a medium of investment rather than an alternative payment system it is designed to be. As such it is not going to ever reach the same degree of 'value' as fiat takes up unless it replaces fiat and since I'm doubtful of that happening by logic I'm extremely doubtful of reaching even 10K.