You are viewing a single comment's thread from:
RE: These Bitcoin Predictions and What Backs Them Up
Yup all valid and good points population growth, resources limited and growth will all fuel the coins value in USD higher. Plus lets not forget about normal inflation of FAIT that alone adds about 6% over the next two years.
That is true although I will same I believe as more technology takes over, the Fed will have a tougher time hitting its 2% mandate. Already more than 2% of the world wide economy is operating under the laws of IT which has a huge deflationary rate. My best estimate is that the US is closer to 4% since it is an advanced nation. That will only continue to grow as a part of the overall GDP.
By the way, if you want a laugh head over to my blog and read the post about $5M bitcoin.....