What Are the Odds Bitcoin Soars to $100,000?

In this video from Tuesday's Where the Money Is as part of the Motley Fool's "Ask a Fool" series, Fool banking analysts Matt Koppenheffer and David Hanson take a question from a Fool reader, who asks, "Does Bitcoin have a better chance of hitting $100,000, or do you have a better chance winning $100,000 from $1,000 worth of scratch-off tickets?"

While David and Matt both see it as highly unlikely that Bitcoin would ever reach a value of $100,000, Matt gives a few probability numbers on the odds of winning $100,000 from $1,000, and the chances are incredibly low. David does note however that given a choice between the two, he would definitely take the Bitcoin, as it has actual utility.

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  • Report this Comment On February 01, 2014, at 12:59 PM, caaaad wrote:

    Jim is wall street and corporate greed. They want dumb money back so badly it's pathetic. They need someone to sell too. I'm a 100% out of stocks and I'm up 11,000 over 2 months. All I did is what Jim does, sell,sell,sell. Life is good as I'm not laying awake at night wondering if it will stop dropping. I will be back, when they are. Timing is everything inspite of their lies.

  • Report this Comment On February 02, 2014, at 10:47 AM, BigApple wrote:

    What Are the Odds Bitcoin Soars to $100,000? 1 trillion to 1 isn't long enough...

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