Just wanted to touch on this again because a recent article summed up my thoughts rather well.
I am confused as to why people keep putting high valuations. I can understand bitcoin price rising due to supply and demand. However, some of the numbers seem impossible to my little monkey mind. I would love for bitcoin to run up to some of the numbers suggested as I am saving some bitcoins as a store of wealth.
"I think it helps to imagine if Bitcoin were a startup company rather than a peer-to-peer network. Bitcoin, Inc. would have a radically new technology, thousands of loyal customers, and a growing community of other venture-backed startups building products and services on top of the infrastructure it provided. Such a company would have venture capitalists beating down its doors."
http://www.forbes.com/sites/timothylee/2013/02/14/why-i-dont-think-bitcoins-big-price-rise-is-another-bubble/
