Post
Topic
Board Economics
Re: Distribution of bitcoin wealth by owner
by
Vlad2Vlad
on 20/04/2014, 20:35:01 UTC
TL;DR:  The number of bitcoin holders has just surpassed 2 million mark! The growth is happening in the holdings of 70 bitcoins or less, especially in micro-holdings of 1 bitcoin or less.

Great news. So Bitcoiners are now 0.03% of the world population. Imagine what could happen when 3% of the world population becomes Bitcoiners. The exchange value can increase by 10 to 100 times.

I predicted last year that we'd get a massive push-pull (fear-greed) rush into cryptos, backed by everything from banks to media which will ensure roughly 10% adoption by end of next year.

It sounds crazy but I still believe that will be possible.  So yes, Bitcoin can go up 100 fold from today's $500, in the next 24 months, while select alt coins can go up more than 1,000-fold.

It's gonna be an amazing [explosive] time and it should start within the next 2-3 months.

PS. - And I fully expect Hollywood to get behind it as well.