What Are the Odds Bitcoin Soars to $100,000?
Feb 1st 2014 10:00AM
Updated Feb 1st 2014 10:02AM
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.
So is Bitcoin the best approach to long-term gains for investors today?
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