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veen · 2303 days ago · link · · parent · post: Musings on Cryptocurrency - an invitation to ruminate
I've wondered to what degree Bitcoin's value is actually based largely on "tax evasion for everyone", and not on all the things crypto nerds dream about. I have lost all faith in it ever being a transactional currency. While I don't really understand the whole "store of value" debate, I do see Bitcoin as gold that you can transfer within a day to anyone. Taking a $6 trillion estimation of the gold market, Bitcoin could reach almost $400,000 just to be equivalent to gold. Even if you take a more conservative $2 trillion, that's still a lot of room for growth.