Blogger says Bitcoin needs to be worth $1,000,000 to be a legitimate currency

Mark Decabre talks about Satoshis and the value of Bitcoin at MarketWatch.com

“A single bitcoin was worth about $3,900 in recent trade on Monday, off lows of the past few days, according to data site Coindesk.com, amid regulatory headwinds in China and critical comments from Wall Street pros like J.P. Morgan Chase & Co.’s CEO Jamie Dimon.

“Still, a bitcoin would need to be worth a stunning $1,000,000 to be a bona fide monetary unit, says Iqbal Gandham, U.K managing director at eToro, a trading platform.

Image courtesy MarketWatch and Getty Images

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