Bitcoin Forum

Meanwhile, due to last minute changes and because I would already be in Europe and thanks to Chalie Shrem, CEO of BitInstant, I had the opportunity to give an hour long objective presentation on Bitcoin to a group of significant players in the payments space including members of the Federal Reserve, Bundesbank and major banks or other service providers from the US, Europe and other parts around the globe.

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And greater confidence for VCs means higher Bitcoin prices. So where should the next target be? Well, given the fundamental state of the space as it currently is along with current growth rates therefore I think a fair value price for bitcoins is around 3-7 bitcoins per ounce of gold. It will be fun to watch the price melt-up to that over the short to medium term so get out the popcorn to watch this rocket.