 |
October 27, 2017, 09:45:13 PM |
|
The majority look at price history. To get an accurate indication of bitcoin's true price potential growth is the area that factors into the discussion the most. To say that bitcoin will never be valued above $1,000 is to say that bitcoin will never grow beyond a phase where its based solely in china. A large percentage of bitcoin's recent increase in valuation is tied to bitcoin growing in russia, australia, japan, africa the philippines & other nations. The increase in the size of bitcoin's userbase and rise in transaction/trading volume have also propelled bitcoin forward.
To put things into perspective, it might be accurate to say that bitcoin is still an infant. It hasn't reached adolescence yet. If it lives long enough to become an adult, its growth should be mirrored by an increase in value and price. Bitcoin is like a pokemon that is in its first or second evolution. It hasn't reached the final form which represents its peak yet.
|
