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Really, bitcoins value is largely just based in the hopes and dreams of libretarians/techno anarchists.

If bitcoins ever got near in value to that price target, the governments of the world would shut that shit down faster then you can blink an eye.

 

You can already see many countries manuevering to do so by writing reprots and suggesting that such digital currencies exist almost soley to launder money/do illegal activities.

 

While great and fun in small doses, it'd get crushed if it gets to large, it'd be just too dangerous a factor in the mind of the big governments.