Venture Capitalist Chris Dixon Believes Bitcoin Will Hit $100,000 Bitcoin was on a wild roller-coaster ride for much of 2013.
The digital currency has been trading in the triple digit territory for weeks, but there is no shortage of optimists who believe it will soon go north of $1,000 and then some.
I don't know why predictions on the future price like this hold any weight or value. Regardless of it coming from a venture capitalist it's still just pure speculation. Bitcoin could become worth a million; it could also become worth little-to-nothing.
Yeah, there was an article the other month which said that it could be worth a million, it could be worth a cent. While I agree with the principle, I can't see it ever be worth anything near as little as a cent.
Too much money has gone into it, and it will still serve a purpose, I can't see it going any less than $50. I mean who would sell for that little?
Unless there's a flaw exposed or becomes apparent, or a new coin comes out which is infinitely better.
Bitcoin isn't actually backed or regulated by any authorities so it could very much happen.