RE: Ross Ulbricht: ‘The Sky Is The Limit’ For Bitcoin
Silk Road founder Ross Ulbricht is serving a hefty, hefty sentence in federal prison but still follows and is a big believer in Bitcoin…here’s a recent article on his musings on Bitcoin from his Medium account…
Silk Road Founder Ross Ulbricht: ‘The Sky is the Limit’ for Bitcoin
“If wave II takes prices down to $1,000 and wave III is as big as wave I, then wave III will drive prices to $333 million. Assuming 21 million bitcoins, that’s a market cap of $7 quadrillion. That’s more than ten times the current GDP of all humanity. So the point is — long term — the sky is the limit.”
Ross’s story is very sad, I don’t believe he should have gotten anywhere near the sentence he did – a double life sentence PLUS 40 years without the possibility of parole. There’s something very wrong with this when murderers and rapists are given the chance to walk free and people like Ross are sentenced to life without possibility of parole.