Potential Value of one bitcoin!
Bitcoin was up 30% the past week. Long awaiting but finally it has broken through the psychologically important US$500 mark. The price has been stagnating between $400 and $500 in the past month. Bitcoin price is really volatile but lets hope that this volatility happens over $1.000 really soon. In the cryptocurrency world everything is around the exchange rates. The segment leaders and the economist are being asked about prediction at all times about the future and expected rates. Let’s see 8 scenarios and the potential value of one Bitcoin according to those scenarios.
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Editor's note: This guest post was written by Radoslav Albrecht, co-founder of peer-to-peer bitcoin lending platform Bitbond.net. He has a background in economics, worked at an investment bank in London, and runs the German bitcoin blog bitcoins21. The bitcoin price is probably the most discussed aspect about bitcoin. But only few discussions try to derive a quantified long-term price potential. Do not mistake potential for prediction. As Yogi Berra said: "It is tough to make predictions, especially about the future." Nobody is capable of accurate prediction. The price potential rather....
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