Funny btw how nobody cares anymore about the biggest event this year that completely controlled the market for 2 weeks: the price of the sold coins.
100's of posts. It was the most important thing ever. It was the only thing people talked about.
3 days later and nobody gives a shit anymore.
100's of posts. It was the most important thing ever. It was the only thing people talked about.
3 days later and nobody gives a shit anymore.
The biggest event this year is Kuwait, an OPEC nation, suggesting to replace the petrodollar with the petrobitcoin. In order to purchase 75 million barrels of oil a day, bitcoin's price would need to be orders of magnitude larger than it is now.
The ramification of this would be world changing instantly.
Check it out for yourself, try using http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html
and add a 3 trillion dollar oil market to the model.