The Ceiling Is 10k

[notbatman]

Is 10k too high?

[minerpart]

nah

[Wilhelm]

10k is the beginning.

Think about it this way. 7 billion people and 21 million bitcoin. If you hold 1 BTC you hold the share of 333 people if evenly distributed and all bitcoins are mined and not lost.

[jdun]

Ultimately is has to do with how many vendors will accept bitcoin in exchange for their goods/services.

Think of it this way. There is about $1.27 trillion USD in circulation, and that is just one currency for approximately 300 million people (maybe a little more if you count the 3rd world countries that often use USD). If bitcoin became popular enough that 300 million people (out of the 7 billion people on the planet) used it as their primary means of exchange, then each bitcoin could potentially be worth $60,000 (1.27 trillion / 21 million), and that is only assuming about 4% of the world's population are using bitcoin heavily.

[Wilhelm]

Ultimately is has to do with how many vendors will accept bitcoin in exchange for their goods/services.

Think of it this way. There is about $1.27 trillion USD in circulation, and that is just one currency for approximately 300 million people (maybe a little more if you count the 3rd world countries that often use USD). If bitcoin became popular enough that 300 million people (out of the 7 billion people on the planet) used it as their primary means of exchange, then each bitcoin could potentially be worth $60,000 (1.27 trillion / 21 million), and that is only assuming about 4% of the world's population are using bitcoin heavily.

+1
Bitcoin has massive potential on a big population. The question is more about when or how this population will invest or use bitcoin.

[Arghhh]

10k is too low. Mass market and majority adoption will drive prices up, yes, but what else is new?

A bigger and largely untested driver, is bitcoin serving as a vehicle for the next generation, tech-savier super-rich to store their offshore wealth. If even a fraction of that thirty trillion is capitalized in bitcoin, we could see 100k.

Wall Street in the next few years will test this.

[counter]

I wouldn't call it the ceiling but It is a good temporary roof shall we say.  If Btc really catches on 10k seems like a low value estimate.

[notbatman]

500

[cypherdoc]

It's the next stop on what clearly is logarithmic growth.

[jubalix]

10k is a stopping point on the way to 100K

It will go something like this

10 K --> 14K,

FUD FUD FUD
BAN
Arrest
HACK
FUD
ALT??


3K
2K

insert the silly graph, you know the one.

any bulls left

whale temple thread

rinse repeat on to 100K

and so on.

What I really love is how some many economists will be left looking realllly stupid

[blatchcorn]

10k is a stopping point on the way to 100K

It will go something like this

10 K --> 14K,

FUD FUD FUD
BAN
Arrest
HACK
FUD
ALT??


3K
2K

insert the silly graph, you know the one.

any bulls left

whale temple thread

rinse repeat on to 100K

and so on.

What I really love is how some many economists will be left looking realllly stupid

100k is just a stopping point for 1m

[Wilhelm]

10k is a stopping point on the way to 100K

It will go something like this

10 K --> 14K,

FUD FUD FUD
BAN
Arrest
HACK
FUD
ALT??


3K
2K

insert the silly graph, you know the one.

any bulls left

whale temple thread

rinse repeat on to 100K

and so on.

What I really love is how some many economists will be left looking realllly stupid

100k is just a stopping point for 1m

1m is just a stopping point for 1b

[JimboToronto]

The adoption curve won't even have reached vertical when the price passes $10k.

I expect the vertical phase to taper off and saturation to start at somewhere between $250k and $500k (unless something occurs that kills it completely).

jmho

[Mythul]

You guys must be high because of that big green candle !