Bitcoin price to be US$3,500,000???

[giveBTCpls]

This guy claims Bitcoin will hit 5 million:


http://www.youtube.com/watch?v=vdPWnYnpEOw

[CoinsCoinsEverywhere]

Bit coin will NEVER be worth $3m each. There you read it here first.

Sheeoout.  I'll even go out on a limb here and say bitcoin never even hit's a million.

It depends on how long bitcoin is around.  If we take bitcoin starting at 600 and assume 3% fiat inflation, even if bitcoin remains the same value relative to fiat (meaning it also goes up at 3% per year), it will be over a million dollars in only 251 years.

[crazyearner]

Bitcoin will only become more valuable providing more company's continue to start using it the more use it the more it will go up based on supply and demands. Soon as people stop dumping on it too more people will buy it up. I have sold most of mine because its got a fair bit more to drop yet before going back up. Then I will buy back in and then ride the wave of when it goes back and past 1k mark.