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Economy / Speculation / Re: Do you really believe that Bitcoin will hit 1,000,000
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on: August 28, 2014, 04:32:41 AM
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..with bitcoin market cap of $8 trillion dollars, which right now is maybe half of all the world's wealth..
good work, but I think gold is worth close to $8 trillion. World wealth is more like $250 trillion (from memory). edit: last Oct http://www.cnbc.com/id/101105809 puts it at $241T You're right, I was thinking fiat, not wealth. I wonder how much of that $241T is real, and not unbacked debt? that'd be real or you'd be delving into derivatives and the over $1quadrillion world.
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