Bitcoin Price Roundup: December 03, 2014

http://blog.cex.io/crypt...oundup-december-03-2014/

Re: on Bitcoin, QE by CBs around the world and the possibility of a another 10X increase


We're at $5 billion market cap at the moment, only a few percent of that is floating around exchanges, say roughly $100 million. The central banks of the US, Europe, China and Japan are printing more that $1 trillion a year at the moment which is flowing into the usual commercial banks and abstract market instruments.

IF (note the big if) 1% of that went onto bitcoin exchanges, that would be $10 billion, or 100x the cash currently on exchanges, which would produce a, roughly, 100x increase in e price. That's just the hot money flowing around at the moment. The money exists, it just doesn't want anything to do with bitcoin at the moment. We'd need some major inflation or another credit crisis to get them interested, I suspect. Japan may end up delivering for us in not so long.

I'm not that much of an uber bull, but the possibility does exist.

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http://www.coindesk.com/...eneurs-understand-money/

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