Post
Topic
Board Speculation
Re: When will BTC reach $50,000?
by
boumalo
on 11/06/2014, 15:12:51 UTC
Quote
I don't think we need that much to reach a few thousands dollars, just a loss of confidence in the future value of the USD, a financial crisis, higher rates of adoption or a bubble
Sometimes I think that a lot bitcoiners hope for the "end of the world" just so that BTC will rise...


well, the idea of bitcoin was born in the midst of the 2008 financial crisis and its very concept is in opposition to the current financial system. the more problems the financial system produces, the more precious btc as a concept and as a unit will be. that may lead you to your conclusion, and it is designed to be that way.

Such simple truth here, but it definitely underlies a lot going on in the BTC space.

Also important to keep in mind which financial system is becoming more robust each day, and which one is remaining stagnant and weaker.

The same practices and the same people are in place, debts are getting bigger and bigger in the states and various european countries