$1300 btc and 15b market cap

[bitboyben]

http://www.coindesk.com/bank-of-america-bitcoin-growth/
http://www.businessinsider.com/bitcoin-can-be-the-new-western-union-2013-12

Assuming Bitcoin becomes (1) a major player in both e- commerce and money transfer and (2) a significant store of value with a reputation close to silver, our fair value analysis implies a maximum market capitalization of Bitcoin of $15bn (1BTC = 1300 USD)

Comments?
how close are we to those goals any way?

I could see us busting through $1300 but it seems like a nice safe number to hit.

[BitchicksHusband]

Most people believe that if we hit those goals (only) we are talking about low 5 figures per bitcoin ($10,000 - $50,000).  

Nice safe pick to pick something we'll hit tomorrow.  

Do those guys even realize bitcoin isn't a stock and that's not a valid 5-year estimate?

[bitboyben]

Correct me if I'm wrong isn't the market cap of silver about 34 billion? So bitcoin should be more than double to be comparative?

[taenaive]

Bitcoin doesn't fit into any category nor model  that analysts trying to fit it in. This is whole new thing and revolutionary. It will take years to be tested and proved. and the result will be "Bitcoin price will go to da moon after destroying all the fiat money".

[Herp]

The "conservative" $1300 price target Bank of American analysts set out will be raised as soon as we pass the target. It's how these bank analysts operate. They always play it safe as they don't wanna look foolish and lose their jobs.

[t1000]

That's right. It will look good on Bank of America when bitcoin hits the target. They will then revise the target price higher.

[monkeybars]

Meaningless drivel from an outdated financial dinosaur unknowingly staring its own destruction in the face.

Move along and hold your coins . . .

[JimboToronto]

Meaningless drivel from an outdated financial dinosaur unknowingly staring its own destruction in the face.

Move along and hold your coins . . .

I love watching dinosaurs struggle as they sink into the tar pits.

[adpinbr]

bitcoin will be worth worth X because of Y. Im so smart give me a promotion

[Rygon]

Did anyone actually read the analysis? The guys who wrote this clearly understand the nuances of Bitcoin and did a fantastic job of explaining it. Regarding the Market Cap analysis, yes, there were a lot of assumptions put into that. But generally it was a good model for determining a value. It's a better model that anything I've seen proposed on this board.

My only issue is that they assumed all 11M Bitcoins are in use. I think that is false, as there are likely several million lost, and several more million that won't move over such a long time frame, no matter what the trade value, that we can consider them out also. Based on that, the maximum market capitalization should be around $2000-$3000, IMO.

[proudhon]

http://www.coindesk.com/bank-of-america-bitcoin-growth/
http://www.businessinsider.com/bitcoin-can-be-the-new-western-union-2013-12

Assuming Bitcoin becomes (1) a major player in both e- commerce and money transfer and (2) a significant store of value with a reputation close to silver, our fair value analysis implies a maximum market capitalization of Bitcoin of $15bn (1BTC = 1300 USD)

Comments?
how close are we to those goals any way?

I could see us busting through $1300 but it seems like a nice safe number to hit.

This is wonderful.  Now we know exactly how much a decentralized ledger system is worth, and we're almost there!  Almost done folks.  And all before we even came out of beta.  Well done, everyone.  Well done.  So, what's our next project?

[wobber]

Well, I hope the devs will make a PR stunt and pull Bitcoin out of beta soon. That will make some hair to grow on some arses.