Satoshi designed Bitcoin so that its price would increase in tandem with users' adoption of the cryptocurrency. And Bitcoin has gone viral. “Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes,”he wrote in February of 2009. “As the number of users grows, the value per coin increases. It has the potential for a positive feedback loop; as users increase, the value goes up”
So what is the prediction of adoption and hence price?
How do we measure adoption?
How many people have bought bit coin so far?
How many people are using bit coin to buy and sell goods and services?
How many people are opening wallets?
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