What Would You Do If BTC Hits 10K?
Beginning back in October of 2013 and throughout the holiday months, Bitcoin had increased in fiat value exponentially climbing to $1,200 USD per BTC. But what would Bitcoin users do this time around if the price skyrockets like some experts predict? I asked an open question across my social media network (Facebook, G+) to find out what they’d do if Bitcoin’s price hit $10,000 USD.
“I would be very happy because it indicated that an order of magnitude or more of people are aware of Bitcoin, are using it, and the value generated would vastly exceed the mere gain that the increase in the exchange rate implies. Bitcoin is a superior resource allocation mechanism that we have just started to explore, and we need many more smart ideas on what are its implications, to be implemented, tested, and perfected.