In my post “The Bitcoin Bubble” I explain the logic behind pricing btc relative to the usd. That post created quite a stir, with some people sending me mails to either tell me I’m crazy OR to tell me “it all makes sense” even if the 100k usd per btc seems ridiculous (even to me!).
Please take the time to read in full that post, as it is the back bone and starting point for this one and provides the necessary discussion and caveats. Btc could be “as good as gold” which could bring it to as much as half a million OR, even without “gold status”, it could move quite easily to close to 100k usd… read on for details…