whoever said bitcoin will be worth $100k on one day is nothing more than a dreamer living in a fantasy world. predictions up to $5K are also high, but not that unreasonable. $100k is beyond insane.
Wow to this comment. $1 million is fiat currency backed by more fiat currency it doesn't have any real value value all it has is backing from government bodies forcing you to buy into their scheme in which they can buy assets for a cheaper price than they are worth.
1 BTC could easily be $1,000,000 will in the next few years because If you can understand the value of the foreign exchange. Foreign Exchange is $60 Trillion (All money world wide) if BTC became only 10% it would accumulate to around $287000 (with 21,000,000 Bitcoins in the world ) so that means if bitcoin became 50% it would be $1,000,000 roughly speaking.
Its Simple Mathematics. Global Debt is Growing! Fiat value is decreasing! China is dumping their reserve for both gold and bitcoins everyday. The UK are creating their own version of bitcoin and the blockchain to replace the GBP. I think its quite disrespectful to value bitcoin and the blockchain so low.
BTCBTCBTCBTCBTCBTCBTCIf anyone disagrees I would like them to see by the end of 2016 the price of bitcoin (It won't be $100,000 but it won't be anywhere near where it is now)
