Post
Topic
Board Bitcoin Discussion
Re: Investopedia wants to know if 1 Bitcoin could be worth $1 Billion USD?
by
Dimelord
on 14/05/2014, 20:18:11 UTC
$1 billion is unreasonable. The USD monetary base is about $4 trillion ($800 billion before Bernanke went on his drunken money printing spree). So, if BTC completely replaced USD, 1 bitcoin would be worth $4 trillion divided by 21 million, or $190,000 and that is no where near $1 billion.

Why use monetary base when FIAT numbers are infinite?

BTC will lose all values when CB successfully gain control technically by destroying its trust by high volatility and stagnant liquidity.  Even BTC can now run by state controlled ASICS.

The BTC 2.0 must solve all the above 3 problems.  ASICS proof is a must.
Dimecoin = ASIC proof  Grin Grin Grin Grin