GoldCoin Talk
Other => Digital Currency News => Topic started by: CryptoFreedom4Me on March 15, 2015, 07:12:56 AM
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Could One Bitcoin Come To Be Worth $1 Million?
Could One Bitcoin Come To Be Worth $1 Million? Q&A
By Euny Hong AAA |
According to the official Bitcoin protocol, the number of BTC (the Bitcoin currency symbol) that can ever be mined into existence is capped at 21 million BTC. That’s it. Currently, just under 13 million are in circulation. Because of its finite supply, Bitcoin proponents believe that each BTC can only rise in value – perhaps to as high as $1 million. Bitcoin’s critics, on the other hand, worry that Bitcoin’s borderless nature make it the perfect vehicle for shady business ventures to flout international trade law and embargoes. To help shed light on the matter, Investopedia interviewed Gil Luria, Managing Director at the Los Angeles, Ca.-based investment bank Wedbush Securities, the first investment bank in the U.S. to accept Bitcoin as payment for fees.
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