In One Slide, Here's Why Bitcoin Bulls Think It Could Go To $US37,815

Bitcoin is having another huge day.

It’s almost at $US400. Earlier this week, it was around $US250.

So how high could it go?

There’s a private fund called the Bitcoin Investment Trust being sold through Second Market. They have a presentation making the case for why Bitcoin could potentially go much, much higher.

Here’s the nut slide, which basically makes the argument that if Bitcoin becomes as big as other money-related entities, the current price will be nothing.

Without getting into a big Bitcoin debate here, there is some weird stuff going on.

For example, the comparisons to PayPal and Western Unions are comparing the market caps of companies to the value of an outstanding commodity. The comparisons to gold or the total monetary base of Turkey might theoretically be more apt? We really don’t know.

Check out the full presentation here >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.