>>5132321It will, and I give it a 50% chance of going to 100k. ( 100k = ~ x10 increase )
But it will not go x10 again after that because at 4 million it will have had to displace all the other money in the world.
Gresham's law means this won't happen. People will prefer to use the shitter money.
I'd give it a near 100% chance ( rather than 50% ) chance of going to 100k if it didn't stand a good chance of being banned for being disruptive.
Still at 50% chance of going to zero and 50% chance of multiplying your money by 10, it's a very good investment if you are not risk averse.
The trick will be when to get out once it starts getting near 100k. As the price rises, so does the risk of being banned.
There is also a chance it won't be banned. Then it should stabilize near ( meaning within a factor of 3 of ) 100k.
Anyway there is a meeting in July of the G20 where they may discuss banning/displacing bitcoin with coercive measures by many countries at once. There are also things like Fedcoin etc that with the help of coercive measures may run bitcoin out of town on a rail.
If countries can't act collectively in a timely manner to stop bitcoin though it will hit 100k easy.
