Will there be a bitcoin gold rush?

[JimboToronto]

I wonder sometimes that if bitcoin hits a breaking point where the price is growing and growing that many people around the world will be afraid to not invest in it, which will then make the price go even higher and higher.  I cold easily see how bitcoin could get 10% of the world's wealth in 6 months in a monster run. 

I doubt it will happen in a six month window, perhaps over the next 10 years.

Hey, quit being reasonable.

Don't you know that 6 months is an excruciatingly long time to wait for anything?

[jjacob]

If it would happen, then it would be the biggest bubble the world has ever seen with disastrous consequences. It would be fun to watch.

Agree.. 6 months is too short a time for such a huge shift.
Governments would ensure that such a bubble gets pricked.

[Robert Paulson]

it will happen the day China/Japan refuse to continue rolling over the American debt and demand the principle back.

[inca]

it will happen the day China/Japan refuse to continue rolling over the American debt and demand the principle back.

By principle do you mean freshly printed dollars?

[piramida]

it will happen the day China/Japan refuse to continue rolling over the American debt and demand the principle back.

By principle do you mean freshly printed dollars?

I don't think it will be accepted in paper - 170 million kilos of freshly printed $100 bills, that should be a scary sight

[Robert Paulson]

it will happen the day China/Japan refuse to continue rolling over the American debt and demand the principle back.

By principle do you mean freshly printed dollars?

it will have to be freshly printed dollars because there is no other way to pay it back.
you can be sure the Chinese and Japanese will immediately dump those dollars and buy anything that is not hammered down, that's when hyperinflation kicks in.   

[inca]

it will happen the day China/Japan refuse to continue rolling over the American debt and demand the principle back.

By principle do you mean freshly printed dollars?

it will have to be freshly printed dollars because there is no other way to pay it back.
you can be sure the Chinese and Japanese will immediately dump those dollars and buy anything that is not hammered down, that's when hyperinflation kicks in.   

Whilst in the end that may occur, betting on unfolding disaster is not a great strategy. Hedging against it with scarce commodities such as gold or bitcoin is undoubtedly a safe move though.