Hello Everyone
I always want to know the situation of cryptocurrency and stocks relatively. Current marketcap of stocks is 70 trillion and cryptocurrency market cap is 178 billion.Speculators says that cryptocurrency market reaches 1 trillion marketcap in 2019. What do you think, will it takes few years for crypto market to reach stock market cap or is impossible? or can it overtake stocks?
It is not impossible for cryptocurrencies to reach that 1 trillion dollars market capitalization soon because many people now are getting attracted to the market of cryptocurrencies and with that it will still grow through out the years and I also think that Bitcoin's own market capitalization will also get $1 trillion dollars soon and its value per coin will be $60,000+ and that is almost times 10 to the current value of Bitcoin now.
Foreign stocks of Fiat moneys are operating for so how many years now and comparing it to cryptocurrencies that only operates with less than 10 years so I think it is still a child when comparing those 2 markets, but again cryptocurrencies has lost of potential in the future.