[2015-07-15]CCN-THE 1.4 MILLION DOLLAR BITCOIN?!

[tolikkk]

In the below infographic, the creators attempt to equate the value of Bitcoin to the value of other assets, resulting in a 1.4 million dollar bitcoin!

In the last bracket, all the way at the bottom, you see they come up with 1.4 and 2.8 million dollar bitcoin prices, if bitcoins were these other assets, or based on them, it seems. This is insane, of course, but it makes one wonder what a true ceiling on bitcoin value would look like.

https://www.cryptocoinsnews.com/1-4-million-dollar-bitcoin/

[gogxmagog]

It's not that crazy. If BTC was the most commonly used form of payment, meaning that globally it was used for >80% of all purchases, and considering the limited supply... Of course a dozen eggs would cost something like 0.0000000000000001 BTC and we'd need to name new denominations...

This could happen only it will take decades to realize.

[Chef Ramsay]

At minimum, it seems that bitcoin would rival WU w/ its $8billion market cap at this point, considering bitcoin is sitting at half that despite doing more per capita. I agree that the estimates at the million dollar bitcoin rate is way up there or off to some extent. We'll know soon enough if this est is legit.