4 ms·

Bitcoin market cap is around 92 billion, 2/3rds of IBM. If bitcoin becomes the global reserve currency, that will probably go to 10 trillion, a ~100x gain. If

• deleted 9y ago
  [deleted]
• Top19 9y ago
  Interesting reply / good point with your math, but the United States will go to war before ever letting that happen. The people who run the government now I know aren’t the best, and they are hemmed in by systems that have accidentally been created, probable elitism, and many other sins. That being said I would much rather them, the United Nations, any socialist candidate, or any populist candidate govern before letting some new global financial elite take the helm for no reason at all other than a speculative bubble.
• barrkel 9y ago
  That's not enough; it needs to be better than the alternative uses of the money, not just have a positive expected value.
• deleted 9y ago
  [deleted]
• charlesdm 9y ago
  The whole space is tiny at the moment. Crypto will turn into a fully fledged asset class, and bubble or not, there will be money to be made. But it's likely there will also be a major correction at some point, if we reach trillions of dollars in market cap. But hey, the .com bubble went to $6.5tn before correcting, and the entire crypto space is at $200ish bn at the moment. Assuming most of those gains will end up with both Bitcoin and Ethereum (which I do), you could easily see Bitcoin go 15-20x, and Ethereum 20-40x once institutional capital starts buying in (and average folk). It's still hard to buy crypto for most. And those were US equities.. there is only one Bitcoin, and one Ethereum in the world.