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thelurkerawakens · 2301 days ago · link · · parent · post: Musings on Cryptocurrency - an invitation to ruminate
I usually have no idea what I am talking about either, but given this is rumination.... Reading around it seems a lot of analysts are taking the same approach. There is some debate around the velocity of Bitcoin (how many transactions in a year would a single unit account for). Interestingly many pundits are suggesting Bitcoin should be measured with a velocity of ten, which is similar to hard cash in many cases. Velocity of 10 * 21 million BTC asymptote gets 210million transactions per year or $3tn at current valuation.