Bitcoin to hit $1 billion/BTC by August

The economists have spoken. There is no more refuting it. Soon Europe will switch to bitcoin completely after the Euro hits hyperinflation and the US has announced that they will soon accept payment of taxes in BTC. Russia has nothing that anyone wants to buy, so they are irrelevant, but Japan has promised to start selling Touhou sex dolls and hentai in BTC as well. According to OPEC, all oil trades will be switching to BTC as well.

Why haven't you taken out a mortgage and spent your life savings on bitcoin yet?

>>2
BTC won't ever replace dollars issued by the government. BTC is the most anonymous and cheap way of transferring money online. People buy a lot of stuff online. BTC (or something like it) could replace Paypal the same way Linux replaced UNIX on servers. For argument's sake, let's say bitcoin is bad, flawed, slow, etc. The cheap bad tends to drive out the expensive good. Bypassing all the lawyers and red tape behind one person transferring a sum of money to a business is a groundbreaking thing.