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I think you could fairly easily rationalise to yourself that Bitcoin _will_ one day be money, and we haven't reached its true value yet, so nobody wants to miss
by thom 9y ago
I think you could fairly easily rationalise to yourself that Bitcoin _will_ one day be money, and we haven't reached its true value yet, so nobody wants to miss their piece of the pie when that happens.
- criddell 9y agoA few years ago the Winklevoss' said their target is $600,000 per coin. When I heard that, I thought they were insane. Now, I'm not so sure.
- Double_a_92 9y agoThat would be the price it bitcoin was used in about 10% of all transactions worldwide.
- criddell 9y agoIt could get there even with far fewer transactions, right? If people keep buying bitcoin just to hold it, then the lack of sellers could drive the price to insane levels without much transaction activity.