[gasull]

> On the other hand I suppose the existence of Silk Road is not sufficient to drive prices up

Right now Bitcoin has a controlled monetary inflation of 30% a year. Its user base isn't growing. It's actually shrinking if you count the speculators as "users".

I agree with other comments, right now it might be better to hold dollars. Also gold, despite it's depreciation lately.

I think Bitcoin will survive. I can see the African diaspora using it in the near future because it's cheaper. Bitcoin won't go up in US dollars at least until some 1st world country devaluates its currency severely, and people start looking for options.

[SkyMarshal]

By 'African diaspora', do you mean Africans in different countries will use BTC to transact with each other across borders? Or is there some wide-scale emigration of African people out of Africa and across the globe I wasn't aware of?

[gasull]

I mean the African emigrants that send money back home to their families.