A new research paper puts the valuation of a single bitcoin at $5.8 million US Dollar. The paper makes the case that bitcoin is the best form of money in existence today and should be valued as the dominant world currency. Just to remind you, a single bitcoin's price is around 14,000 dollar today, it was 1000 dollar 3 months ago. So, after reading the scientific paper from the link below, if you want to be a millionaire in future based on the speculation, you should buy a single bitcoin. And may be you can thank me later. :)
https://www.scribd.com/document/354688866/Bitcoin-A-5-8-Million-Valuation-Crypto-Currency-and-A-New-Era-of-Human-Cooperation
https://coinjournal.net/research-paper-makes-case-5-8-million-bitcoin-price/
Well, for you who have doubt why am I personally not buying.. and instead trying to persuade you to buy. After reading below, please let me know your opinion by responding to the poll, if possible.
Disclaimer:
I used to own bitcoin in 2009 that I sold them all in 2012 to come to USA from Japan. I currently don't own a whole or close to a whole single bitcoin (Actually I own 0.000036 BTC ~ 50 cent today). In fact I am few thousand dollar debt due to my desire to have a PhD in USA and all the struggles it brought in my life. Anybody wants to do a PhD, think twice...hahaha.. I could have quite a bank balance today, if I wouldn't want it. lol. Anyway, even now, I wish I could do a PhD in the field of crypto-blockchain, but life is not that luxurious either. So, frankly, I have chosen the life of an intellectual, am building my profile of accumulating knowledge in my field (computational science and also blockchain technology) and I believe in democracy and dissemination of information and knowledge. That is where I am coming from and am gathering information and sharing with you all. Anyway, getting back to the point, if I had 14,000 disposable dollar today that I could put into a house or a car, I would buy a single bitcoin without hesitation. So, I recommend not to risk your important money or life savings for your health or your children's education, but to risk your disposable money that you can toy around. If you can't buy a single bitcoin you can buy any amount of bitcoin from 1 BTC (~14000 USD) to a milli bitcoin (1/1000 of a single bitcoin = 13.85 dollar today) or to the lowest denomination : a micro bitcoin (1/1000000 of a single bitcoin = 1 cent today). I hope I can provide you in future with another post about where to safely buy bitcoin and how to store them. If you want to really know why bitcoin's value is rising, read the paper, look at the graphs of market capital, look at what's happening in silicon valley, or other tech-valleys all over the world around block chain technology; huge investments are happening, blockchain is one of the few innovative things (some others are: machine learning, deep learning, basically automation, genetic engineering, bio informatics etc.) that happened after internet.
More Disclaimer:
However, I own at least 10 different cryptocurrency (Ether, verge, zcoin, power etc. which are all just not another currency, but startup projects to change the world and their tokens of exchanging resources and connecting). I think they will gain value with or without the rise of the value of bitcoin in future and I am speculating with my small money with that. Feel free to talk to me if you need more information.