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by obiefernandez
4847 days ago
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If 500 million people were to embrace Bitcoin to the point where they own on average $100 worth, then it would represent $50 Billion in value (500 Million x $100). With only 20 Million Bitcoins in circulation, each Bitcoin would be worth $2500. That's discounting other deflationary factors. I think it would be nuts to put all your savings in Bitcoin, but as a hedge against fiat currencies and interesting place to put play money: time to buy! |
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Second, time to buy is never when the price is sky-rocketing. Bitcoin is not perfect and we need to see what the devs do over the next year to decide if Bitcoin will ever be allowed to scale because at the moment Bitcoin cannot scale up beyond 2-4 times its current usage and adoption.