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You think Bitcoin could be 10x as valuable as gold? On what basis? 100x from here would be an aggregate value of $100 trillion (20m coins * $5m per coin), while

• tekdemon 6y ago
  If it actually someday achieves adoption as a currency that's used in at least many nations then the total aggregate value would have to be a significant amount larger than gold. I think many people have a very US centric point of view where they sort of take it for granted that their currency is used as a global currency standard for trade and is relatively stable and strong, but this isn't the case for many countries on the planet. So it's not entirely implausible that someday this sort of adoption could occur. It is of course, still quite a longshot, but then again I thought $10,000 Bitcoin was a longshot and somehow it's at $60,000 now. If this ever occurred this would likely be something many years off, but my guess is that a lot of the larger institutions moving in see this sort of possible incredible future return so they're putting small amounts in since it's a reasonably good asymmetric bet. Even if you think the actual chance for success is something like 20%, if you believe that if this actually did occur that it would give you 20X or 50X returns then it's still considered a reasonable bet, you'd just bet a small amount of the money you have. And that's pretty much what you're seeing the braver companies do now.