Let's do an equation to forecast Bitcoin price. 1800 Bitcoins being mined a day at $7,000 that is $12,600,000 USD per day. This means that assuming supply and demand are otherwise equal that nearly $13,000,000 USD needs to be invested every day just to keep the price at $7,000.

Seems like a lot right? Let's extrapolate out until the next halving of Bitcoin in approximately 3 years; (1000 days). Over the next 1000 days only $13,000,000 of new investment dollars can enter Bitcoin without the price rising. At that point the reward again halves to 900 coins per day for the following 1500 days; allowing an additional $10,000,000,000 to be invested without causing the price to rise. 

At a price of $7,000; over the next 7 years (2500 days) a total of $23,000,000,000 can be invested without causing the price to rise (again; assuming supply and demand is otherwise equal).
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Bitcoins current market cap is $120,000,000,000. If you are curious whether it is possible for Bitcoin to support higher prices in the short term; it comes down to how much money is trying to enter Bitcoin; and over what time period.

$13,000,000,000 isn't as much as it sounds. Lets say that there are just 5 million people using bitcoin today. $13,000,000,000 / 5,000,000 = $2,600 dollars each. Provided that $2,600 is the average amount each individual invests over the next three years, we've maintained that $7,000 price. 

It sounds like a lot; but it's not much at all when we are consider that this is a brand new asset class and industry; available globally to all markets. Bitcoin could sustain much higher prices after this simple thought experiment.

Why I think Cryptocurrency is getting too big to ignore. 

The announcement highlights that passengers would board a “large rocket” known for now as BFR. The rocket would launch passengers into space and continue on to touch down at its destination. It was said that most long-distance trips would take less than 30 minutes, with the cost of a seat being “about the same” as full fare economy class in an traditional aircraft.

The reusable rockets would apparently have a maximum speed of 27,000 km per hour (16,777 mph), although earth flights would travel at just over 11,250 km per hour (7,000 mph), allowing flights of thousands of miles in as little as 22 minutes. Despite the BFR’s incredible speed the ride would be pretty comfortable, according to Musk.

I don’t know if this is feasible, nor will I argue whether or not I think this is achievable, as anyone can form their own opinion. Elon Musk has a proven track record when it comes to proving everyone wrong.

This will change the aviation industry as we know it.  

If we look at a travel time of 30 minutes, Elon Musk’s new global transportation system will save passengers on average 5 hours travel time to a destination. This is a factor of 6 when taking into account global transportation via aviation. This does not even include other forms of transportation that this will disrupt.

The prices for these flights are as low as full fare economy for the same flight on a regular airline. The only thing holding any restrictions to the venture is making sure safety levels are met. That said, flying anywhere in under an hour would be really nice, so I'm pulling for him.

Lastly, evening thinking of the opportunity this opens to businesses like Amazon who could adopt 1 day delivery worldwide. It opens so many opportunities. 

Anyone else think BFR probably stands for Big Fucking Rocket?​

​I'm a seasoned esports entrepreneur, leader and geek. I'm experienced in communications, operations and production design and management. My educational background is in risk management, communications and law enforcement.

I've worn many hats in my esports career as community and social media manager, marketer and business development. As a result, I have a unique ability to manage multi-demential projects and to overcome complex challenges. Experience in the esports industry has taught me that my professional values boil down to the following:

• I am technology driven and passionate about competitive gaming. I speak fluent English, marketer, editor, designer, trainer and manager. Working in several esports roles has taught me to look at things from different angles, which has given me a track record to catch missteps before they happen. 
• I don't need or care who gets credit. I am driven to obtain any target.
• I love new ideas and love creating even bigger ideas. Execution is what matters, and I execute. 
• I'm usually the calm one and I am always running towards fires. 
• I love making new professional acquittances. Reach out if you want to talk technology, business or esports.

Billions of dollars being wagered on the outcome of esports events. According to a new white paper published by gaming industry research firm Eilers Research, it is estimated that esports competition will wager more than $250 Million on the outcome of esports events in 2015. That amount is expected to exceed $23 Billion by 2020.

Part of the equation is fantasy esports competition and Eilers Research estimates 590 thousand paid actives for real-money fantasy esports competition in 2015 along with 1.72 Million paid actives for esportsbooks. Fantasy esports is similar to more common daily fantasy operations surrounding football, basketball, baseball, hockey, etc., where individuals may submit an entry fee and compete against others for predetermined prize pools. However, esportsbook wagering is akin to traditional sportsbook wagering, which allows people to place wagers against the house on the predicted outcomes of individual matches.

Eilers Research provides a “bull case” wherein 32.5 Million bettors will wager $42.9 Billion by 2020, generating $3.3 Billion in revenue for operators.