Those who deny that BTC will rise to seven figures: clearly explain yourselves

[BITCOINDENMARK]

Seven figures, seriously?  You're talking about one bitcoin being worth $1,000,000, really?  Not even if bitcoin takes over the entire world economy will it be worth that much, see Turr Demeester's talk on the potential value of one bitcoin. 

In case you don't want to watch the whole video, he crunches the numbers and calculates that each bitcoin will be worth $500,000 if it takes over the world economy.  I would be seriously surprised if it does that within my lifetime, but that's likely the ceiling on the price.  At least in nominal value, anyway.  If it does this, but takes 50 - 100 years to do so, it may be worth that much, but not in today's dollars.

$21T - $32T in tax haven accounts alone would bring the price to $1,000,000 - $1,500,000.

http://taxjustice.blogspot.ch/2012/08/interview-our-21-32-trillion-offshore.html

Thanks for the link - VERY INTERESTING !

[GangkisKhan]

I am quite bullish at bitcoin but not to the extreme of seven figures.

[Benjig]

Seven figures, seriously?  You're talking about one bitcoin being worth $1,000,000, really?  Not even if bitcoin takes over the entire world economy will it be worth that much, see Turr Demeester's talk on the potential value of one bitcoin. 

In case you don't want to watch the whole video, he crunches the numbers and calculates that each bitcoin will be worth $500,000 if it takes over the world economy.  I would be seriously surprised if it does that within my lifetime, but that's likely the ceiling on the price.  At least in nominal value, anyway.  If it does this, but takes 50 - 100 years to do so, it may be worth that much, but not in today's dollars.

$21T - $32T in tax haven accounts alone would bring the price to $1,000,000 - $1,500,000.

http://taxjustice.blogspot.ch/2012/08/interview-our-21-32-trillion-offshore.html

Thanks for the link - VERY INTERESTING !

Yes, a seven figures price is not very far, i mean the current market cap of bitcoins is ridiculous , more than 30 people in the world has that amount or more by their selves only, Bill Gates has almost 10 times the bitcoin market cap, so we can expect a bigger raise.

[gentlemand]

Seven figures sounds fun. It's, like, more than it is now.

[GogglesPisano]

I am quite bullish at bitcoin but not to the extreme of seven figures.

Same here, to think a single Bitcoin will be worth a million dollars is pretty ludicrous.

Even six figures is a stretch though I wouldn't rule it out. I do think five figures one day is a certainty.