Subject to the obvious qualification that this entire debate is pointless uninformed speculation and guesswork.....
That's a rise of 25 fold which puts the total value of all btc at ~ U$ 60 billion dollars. That would equate to the market cap of the 120th most valuable global company. For comparison, MasterCard is 113th at 63 billion, Amex is 90th at 74 billion and Visa is 66th at 90 billion.
I think that is plausible but probably towards the upper end of what I think is likely within the medium term (2-5 years).
My more conservative estimate is a roughly 10 fold rise within that time scale, giving ~ US$ 2,000 per coin within 2-5 years. That is a based on doubling every 12-18 months.
Edit: Here is the company list for 2013 (courtesy of the FT): http://media.ft.com/cms/3816a3bc-3195-11e3-a16d-00144feab7de.pdf
Topic: Why I think Bitcoin will be over $5000 a coin - page 2. (Read 4747 times)
On 10/24/13 the Bitcoin world changed. A major hedge fund manager endorsed Bitcoin at a conference for financial advisors, and the media dialogue suddenly changed from heavily-biased negativity to optimism. I believe someone very rich has taken a major position and is starting to "pump." This could go to $10,000 or more before the next major "dump" and crash.
I honestly think it could within a few years. Just because of the past. It seems to crash then comes bouncing back with more value to it.
One of the things I find most impressive about Satoshi is him having the confidence to hold onto his bitcoins all this time. That is the ultimate strong hands. For this he deserves every penny he's made.
I don't think the coins will ever be spent. The first strong hand, and the last.
One of the things I find most impressive about Satoshi is him having the confidence to hold onto his bitcoins all this time. That is the ultimate strong hands. For this he deserves every penny he's made.
Or maybe he has lost his wallet-password xD
Or: genius-dude invents money-system of the future, figures out how to remain completely anonymous, but his hard disk crashes and he made no backups
. 
One of the things I find most impressive about Satoshi is him having the confidence to hold onto his bitcoins all this time. That is the ultimate strong hands. For this he deserves every penny he's made.
Or maybe he has lost his wallet-password xD
That would be fun.
One of the things I find most impressive about Satoshi is him having the confidence to hold onto his bitcoins all this time. That is the ultimate strong hands. For this he deserves every penny he's made.
Or maybe he has lost his wallet-password xD
One of the things I find most impressive about Satoshi is him having the confidence to hold onto his bitcoins all this time. That is the ultimate strong hands. For this he deserves every penny he's made.
Satoshi deserves his (future) multi-billions for the amount of thinking and programming work he put in. He kept the faith mining for 18 months while a few people came and went until finally the whole project started taking off.
Didn't Zuckerburg just peer over Tyler and Cameron shoulder's for his billions?
Even if satoshi wants to spend his coins he can't cause it would likely crash the priceDidn't Zuckerburg just peer over Tyler and Cameron shoulder's for his billions?
You mean like spending all at once? That would be so stupid. I would only spend the amount of bitcoins that I need to spend to survive and maybe improve the quality of my life a bit.
Satoshi deserves his (future) multi-billions for the amount of thinking and programming work he put in. He kept the faith mining for 18 months while a few people came and went until finally the whole project started taking off.
Didn't Zuckerburg just peer over Tyler and Cameron shoulder's for his billions?
Even if satoshi wants to spend his coins he can't cause it would likely crash the price Didn't Zuckerburg just peer over Tyler and Cameron shoulder's for his billions?
Satoshi deserves his (future) multi-billions for the amount of thinking and programming work he put in. He kept the faith mining for 18 months while a few people came and went until finally the whole project started taking off.
Didn't Zuckerburg just peer over Tyler and Cameron shoulder's for his billions?
Didn't Zuckerburg just peer over Tyler and Cameron shoulder's for his billions?
You never know it could go much higher than that, but for the time being $5000 is a reasonable figure.
Heh I'd certainly like them to be worth that, however I doubt we will see that price for at least a year or two
Many of you know Satoshi has mined around 1 million Bitcoins from when the network first launched. That being said, what do you think the net worth of an individual would be that created the world's largest and most influential digital currency?
Mark Zuckerburg's net worth is around $20 Billion dollars USD for creating Facebook. There's no doubt that Facebook has revolutionized online Media to become the largest social site the world has ever known.
But Bitcoin has the potential to change the landscape of the global financial system forever and could possibly become a worldwide standard for digital transactions. It's already moving in that direction and growing every day.
So if Satoshi's Net worth comes anywhere close to $20 Billion then it wouldn't be surprising if Bitcoin was valued more than $5000 per coin.
1,000,000 Bitcoins at $5,000 per coin is $5 Billion USD.
What do you think?
Mark Zuckerburg's net worth is around $20 Billion dollars USD for creating Facebook. There's no doubt that Facebook has revolutionized online Media to become the largest social site the world has ever known.
But Bitcoin has the potential to change the landscape of the global financial system forever and could possibly become a worldwide standard for digital transactions. It's already moving in that direction and growing every day.
So if Satoshi's Net worth comes anywhere close to $20 Billion then it wouldn't be surprising if Bitcoin was valued more than $5000 per coin.
1,000,000 Bitcoins at $5,000 per coin is $5 Billion USD.
What do you think?
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