I have enough in bitcoin right now to make a few single box transactions. And I agree, bitcoin is still in it's infant stages. But like I said before, because bitcoin is considered a finite commodity, it's trade price is based on expected holdings, mining difficulties and the ultimate effective hash rates around the world. Figure bitcoin accounts for roughly .004% of the total gdp in trade. Just one major retailer like amazon adoption would mean an over time trade price in excess of 40k a coin, if not more. It's the nature of crypto, it's how it works, generating finite resources and using them as commodities, similar to how the gold standard kept the value of the dollar in check.
Bookmarks