I explained that no Serious Economist thinks bitcoin will ever be a real currency, and that the runup is a bubble. Eric replied by telling me that the value of a bitcoin will “for sure” hit $10,000, “maybe” $100,000, and “perhaps” $1,000,000. My smugness was trumped by his.

http://www.theglobeandmail.com/report-on-business/economy/economy-lab/bursting-the-bitcoin-bubble/article16327155/