Comment: $1250 per bitcoin is a more accurate price right now.

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$1250 per bitcoin is a more accurate price right now.

Bitcoin is a leap forward in money technology. Precious metals are not rising as they would because a new form of money has been discovered.

There are approximately 10 million bitcoins currently in existence. Half of them are estimated to be lost forever. A quarter are saved and not traded. Therefore, 2.5 million are in use.

If 1,000,000 persons currently own bitcoins and each one maintains $500 in bitcoin for internet purchases, that's $500,000,000 or $1250 per bitcoin.

If 100,000,000 adopt bitcoin as expected within the next five years, that's $125,000 per bitcoin by 2018, not counting inflation.