Bitcoin Reaches 1000 USD
Wow -- $1030 per BTC as I write this.  This is happening <i>way faster</i> than anyone ever expected.[1]<p>All else being equal, the more people who decide to use or hold Bitcoin, the higher its price will be, because the maximum number of bitcoins that can ever exist is permanently fixed. It's a scarce commodity by design.<p>So, greater adoption = higher price.<p>--<p>[1] In early 2011, I speculated it could take <i>a decade</i> for price to reach the thousands of US dollars per Bitcoin: <a href="http://cs702.wordpress.com/2011/05/29/on-the-potential-adoption-and-price-appreciation-of-bitcoin-in-the-long-run/" rel="nofollow">http://cs702.wordpress.com/2011/05/29/on-the-potential-adopt...</a>