payment method in Japan. Some are already wagering that it will get close: John McAfee, founder of his namesake antivirus software company says bitcoin is headed to the 500,000 level within three years. 16 PM #3 10k decent projection, sBR, sharp, bettor. Figure in inflation it's like half of the original value. How much of the Global money supply can Bitcoin take up? It's not expected to be approved. To be sure, Gandham isnt making a prediction; though he believes the currency has the ability to scale such lofty levels, Gandham thinks that bitcoin needs to climb to such a level to be truly viable as a monetary unit. However, there are some obstacles preventing the mass market from fully embracing the online currency. Volatility is a significant factor in predicting Bitcoin Value going forward.
The US has a transaction volume of 7, it is difficult to estimate the velocity of a bitcoin but it is in the 50-1oo. This may coerce miners sell more bitcoins from reserves to maintain operations in the short term, so that the rules of the game will become tougher with increased dropout. If bitcoin is at a million dollars the day-to-day valuation change will be insignificant to the actual value, Gandham said. The average value of bitcoin held per user will hit 25,000. Bitcoin has proved its durability, but is still in its infancy.