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RE: Chart of the day - BTC longterm logchart
Bitcoin was created because of the mistrust on Wall Street in 2007.
If the Markets tank again, people will look for safe havens. The value of gold at the current spot price is approx $1300. Thus, all the gold in the world is valued over $8 trillion. If Bitcoin can capture just 0.0000124% of the value of gold, we get a Bitcoin price $1 million. Your price prediction is very possible and very conservative.
Dude, bitcoin mkcp is nowadays 187 billion which is 0,187 trillons, son if you want 8 trillons is about a bit more than 40 times now. Your math doesn't seems to be well done or I am nor seeing sth...?
Check out https://en.wikipedia.org/wiki/Gold_reserve and http://onlygold.com/Info/All-The-Gold-In-The-World.asp...let me know your thoughts.