Tuesday, April 2, 2013

How fast should Bitcoin be rising?

I keep coming up with a lower estimate for the value of a bitcoin of about $5,000, and upper limits of around $50,000 (see previous posts). A very simple calculation based on the assumption that Bitcoin should hit its stable value in a decade results in a minimum rise of ten dollars a week.

Suddenly the rapid rise in Bitoin prices doesn't seem so crazy...

No comments:

Post a Comment