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<p>[QUOTE="GoldFinger1969, post: 5374508, member: 73489"]That's what I thought too originally....but if people are using it as a store of wealth and they know that it is limited to 21,000,000 (by 2140 ?).</p><p><br /></p><p>If BitCoin gets a $5 trillion market cap with stock and bond markets having a combined market cap of $250 trillion...and gold having a market cap of $9 trillion based on all available gold.......then you can justify a price of $240,000 based on all the fully-diluted BitCoins.</p><p><br /></p><p>I'm not saying it's right, I'm saying that's how it is working.</p><p><br /></p><p><b>Tesla shouldn't have a market cap more than Toyota, Ford, GM, Volkswagen, and BMW combined.....but it does.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie100" alt=":wideyed:" unselectable="on" unselectable="on" /></b>[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 5374508, member: 73489"]That's what I thought too originally....but if people are using it as a store of wealth and they know that it is limited to 21,000,000 (by 2140 ?). If BitCoin gets a $5 trillion market cap with stock and bond markets having a combined market cap of $250 trillion...and gold having a market cap of $9 trillion based on all available gold.......then you can justify a price of $240,000 based on all the fully-diluted BitCoins. I'm not saying it's right, I'm saying that's how it is working. [B]Tesla shouldn't have a market cap more than Toyota, Ford, GM, Volkswagen, and BMW combined.....but it does.:wideyed:[/B][/QUOTE]
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