So this implies BTC at about $300K, which is pretty insane when you think about it. And it makes me wonder, what does it mean for Steem? Should that be 20x higher as well? Maybe that is underestimating how much higher Steem should be.
I'm not sure if their rationale for the 20x higher makes a lot of sense, basically they are pegging BTC to be worth the same as gold, so about $7.5T. I think it's a weak argument, but it is hard to rationalize prices that high, really we just need more acceptance and the price will move up as well.
This story was recently published on Bloomberg https://www.bloomberg.com/news/articles/2017-12-09/a-winklevoss-sees-bitcoin-surging-as-much-as-20-times-higher
very impressive article it can surge, my target id $50000 at the second half 2018
I think $50K seems likely as well at some point in 2018, but there is guaranteed to be a lot of volatility along the way, more fun ahead!
hmm agrees.....;-)