^ One too many zeroes there.
But anyway, we've been doubling like every ten days. If the trend continues we'll be near 10K by the end of this year. Doubtful, but very much a possibility, especially as part of a final blow-off that ends up crashing into the low thousands.
But anyway, we've been doubling like every ten days. If the trend continues we'll be near 10K by the end of this year. Doubtful, but very much a possibility, especially as part of a final blow-off that ends up crashing into the low thousands.
10K a pop means to blow the market cap from 14.4 billions today to 120 billions
Extremely small chance of that happening. 31th December 2014 yes, but 2013 no.
That would require some extremely good news triggering huge inflows of money from investors. I don't think the current infrastructure would take it.
It has little to do but to put things into perspective, Facebook has a market cap of 115 billions.