I would like to see David Woo's note. Assuming it is reasonable key points are Bitcoin could have a value of 1BTC = 1300 USD, but only if it becomes
(1) a major player in both e- commerce and money transfer and
(2) a significant store of value with a reputation close to silver
Strikes me that the current value has those assumptions priced in, so anyone buying at this level is nuts.
I would like to see David Woo's note. Assuming it is reasonable key points are Bitcoin could have a value of 1BTC = 1300 USD, but only if it becomes
(1) a major player in both e- commerce and money transfer and
(2) a significant store of value with a reputation close to silver
Strikes me that the current value has those assumptions priced in, so anyone buying at this level is nuts.