Post
Topic
Board Speculation
Re: Bitcoin price to be US$3,500,000???
by
cech4204a
on 25/07/2014, 18:53:03 UTC
GWP is 85Tril
Derivatives 1500Tril

So is btc become 100% global currency

5M btc 100Tril gwp
50M btc 1000 derivatives

Info from

www.BitcoinAlgorithm.com

At only 10% of GWP it is 500K floor support with a 1M bubble peak value

It is currently valued at .01% of GWP so .01% of GWP is 8.5Billion its current value

BTC value is tied to gwp and what % of people use it as the Bitcoin Algorithm proves

yeah exactly that is the thing. More people using bitcoin = higher price of bitcoin, it's causing even more people to be interested in bitcoin = another cycle. Bitcoins would be worth a lot in 2-3 years if there will be no major regulations for it.