Post
Topic
Board Bitcoin Discussion
Re: Another reason bitcoin will succeed: US to target Putin's $40 billion stash
by
drawingthesun
on 21/04/2014, 07:40:33 UTC
At the moment getting a billion into bitcoin and not losing your principal because you pushed to price artificially high is simply not possible.

It's not artificial if he keeps buying, and especially if other elites do the same thing (which they will).

Putin alone supposedly has $40 billion. He can put $1 billion per year into bitcoin for the next 40 years. There will be no loss of principal.



Well the idea brings a smile to my face. At $3,000,000 per day it's likely bitcoin would surpass the $100,000 per coin mark in several months and the $1,000,000 coin will be within a couple of years.