RE: RE: Bitcoin to $500k? The Winklevii think so...
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RE: Bitcoin to $500k? The Winklevii think so...

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Bitcoin will easily pass $1,000,000 a coin.

But, will the dollar collapse before or after?

After crypto-currencies break the physical/digital barrier, then gold will have nothing left to compete with bitcoin.

Further, we are about see a bunch of gold shenanigans.
The US is sitting on TONS of reserves in the ground.
But, will The US survive to use those?

My guess is that gold will become the rots-child's metal.
No one will accept it because that is what the rots-child private mercenaries get paid in. And people will not want anything to do with that tyrant and his ilk.

Self sustaining communities will not trade their precious food for gold from the people trying to oppress them.

So, the price of gold will go way up... and then... something weird happens, like everyone gets off the titanic onto the bitcoin cruise ship (yep, all new cruise ship built) and then gold sinks with the titanic.