Quote:
Originally Posted by adultmobile
It's said to reach $98,000 at some time.
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Sure let me know when that happens meanwhile it's down 16%+ around $717 USD.
It only gets huge value as the system gets close to solving for all possible BitCoins & finally when it's all 'mined' / solved the value increase's exponentially but we are a ways off from that.
BitCoin FAQ...
The last block that will generate coins will be block #6,929,999 which should be generated at or near the year 2140. The total number of coins in circulation will then remain static at 20,999,999.9769 BTC.
Even if the allowed precision is expanded from the current 8 decimals, the total BTC in circulation will always be slightly below 21 million (assuming everything else stays the same). For example, with 16 decimals of precision, the end total would be 20,999,999.999999999496 BTC.