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by obiefernandez 4847 days ago
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!

1 comments

I Speculate on Bitcoin by holding a few, but be-careful! First if you read the forums a lot there are a lot of scaling issues happening at the moment (Max block size) that mean Bitcoin cannot handle a large amount of transactions and this will put a big dampener on the BTC being worth thousands of dollars.

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.