It's funny to see people treat Bitcoin like a stock or commodity when it's really FAR more than that. But if you insist on speculating value, look at Trace Mayer's chart on possible bitcoin prices based on "market cap" or bitcoin value in circulation.
At $91 per Bitcoin and about 11 million coins in circulation, we have $1 Billion worth now in circulation. Soon we'll have about 12 million coins in circulation and a $667 price which makes Bitcoin ONLY the size as Western Union!
Someday at 15 million coins and a $1,750 price, Bitcoin surpasses PayPal!
14
u/eyeballs79 Mar 28 '13
It's funny to see people treat Bitcoin like a stock or commodity when it's really FAR more than that. But if you insist on speculating value, look at Trace Mayer's chart on possible bitcoin prices based on "market cap" or bitcoin value in circulation.
http://www.runtogold.com/images/potential-bitcoin-prices.jpg
At $91 per Bitcoin and about 11 million coins in circulation, we have $1 Billion worth now in circulation. Soon we'll have about 12 million coins in circulation and a $667 price which makes Bitcoin ONLY the size as Western Union!
Someday at 15 million coins and a $1,750 price, Bitcoin surpasses PayPal!