|
Bitcoin goes out to the 8th decimal. If confidence rises and it gets more and more popular as a world currency. It might not be unlikely to see something like $1,000 per coin. People don't realize there will be a limited number of coins at 21 million. From there the price of bitcoin can only go higher and higher as demand rises. It's impossible to ever have more than 21 million coins in circulation in the future. So it's not like current currencies where the gov can just print off more money as they see fit.
There are problems it faces now which keeps confidence low. For example the 50% rule of a mining pool. If any single pool controls over 50% of the hashing power it could be used maliciously to throw a wrench in the system.
Also because bitcoin is an anonymous currency I'm not too sure it would really take off as a legit currency between countries. It's primary use is drugs, money laundering, and any other kind of illegal activity you can do with an anonymous money transfer.
__________________
ICQ: 64995031
|