Jun 16, · He also predicted that although Bitcoin will be a $10 trillion business in ten years time, he believes that the global market for cryptocurrency will be worth $ trillion in the same time span. Aug 21, · Trillion dollar market cap As you can see in the chart above, Bitcoin could be worth $33, when the total crypto market cap reaches $1 Trillion. In the long-term ( years), we expect crypto market cap to exceed $5 Trillion dollars in the total market cap. Bitcoin’s value adjusted for this market cap will give us $, per bitcoin. 2 days ago · With a circulating supply of 18,, BTC at press time, a market cap for BTC of $8 trillion would result in a single coin worth about $, Even assuming the “flippening” doesn’t take.
Bitcoin 100 trillion market capWinklevoss Twins Reaffirm Bitcoin Price Prediction: $, Value With $9 Trillion Market Cap
Gox platform, which was pretty much the only exchange at the time. For example, one trader wrote:. Oh, regrets, regrets, regrets…. Meanwhile, savy traders had much lower time-preference, for which they have been greatly rewarded in the following years as prices saw three, four and even five-figure sums. It is these percipient investors who found the risk and reward ratio to be too attractive. They knew that there would only ever be 21 million bitcoin. On the other hand, the supply of dollars in the world is in the tens of trillions and ever-expanding.
Comparing Bitcoin valuation to tulips, the dot-com bubble and other market phenomenon is akin to jamming a square peg into a round hole. Its supply is set in stone at 21 million. It is digitally scarce. Its emission rate is predetermined. Its accounting is transparent and publicly verifiable. Bitcoin is unlike anything the world has ever seen. Hence, it is no wonder that it is gaining a foothold in countries with capital controls like Venezuela where money is now virtually worthless.
But developed nations will also soon realize that Bitcoin is alive and well despite the hundreds of obituaries in the press.
At the same time, despite crashing against the dollar multiple times throughout its history, BTC always recovers to post higher lows.
Instead, it may be time to start looking at the historic yearly lows , which reveal an interesting trend indeed. Today, interest rates are at historic lows. The Federal Reserve and other central banks have shown that they will continue to not only print more money to prop up the financial system, but are also open to negative interest rates as well.
Therefore, the question remains is when — not if — all this newly created money will trigger hyperinflation. At the same time, almost 85 percent of all bitcoin have already been mined. With BTC price now once again forming a bottom pattern, the trend appears to be in tact. In fact, the US dollar has already dropped 10 percent in value against bitcoin in Q1 With that, Cameron said Bitcoin is better than gold because the former can be transported easily and no external factors such as gold miners suddenly mining more or new gold deposits discovered can influence its price.
The Winklevoss twins own Gemini, one of the most regulated cryptocurrency exchanges. The twins are in favor of further regulation in the cryptocurrency industry, in contrast to the libertarian ideals of early Bitcoin advocates. At the Fintech Festival, Tyler asserted that the cryptocurrency industry can only grow in collaboration with banks. Still, the twins warned that overregulation is not good for the industry because it can stifle innovation.
Finally, when asked to provide advice, the twins advocated for people to educate themselves about Bitcoin and cryptocurrency. The twins plan to expand Gemini Exchange to emerging markets.