Here's why I think $6 trillion is completely reasonable:
1. Wall Street hasn't jumped in yet.
2. Big business still has its toes in the water.
3. There's widespread and mainstream awareness, but very little mainstream adoption.
4. We're going to see at least one governments currency collapse soon, with that nation switching to cryptos. That will begin a widespread acceptance of cryptos as legitimate.
5. The trend in the general population is anti central authority aka. big banks, governments, big corporations. Look at brexit, Trump, the rise of nationalism against the EU, etc. Cryptocurrencies are the embodiment of anti authority and giving the people more control over their wealth.
With so many catalysts, a 10-12x growth for this market is definitely a possibility.
What do you all think?
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@charteroakpublic
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Yes and no.
Yes, because the cryptocurrency market is indeed potentially worth that much. It could grow even higher than that. Prices have indeed grown by already more than x10 the past year (2017), so that is something to consider although since indeed there is not even 10% of the population that actually buys and uses crypto, there is indeed a lot of room for growth.
No, because wall street just follows where the money is at. That is not something sustainable. Let's all remember these are the guys that brought us the financial crisis years back. It's not like they are ethical enough to even prevent that from happening again. But let's do hope the new policies and laws around the world would prevent another financial crisis with cryptocurrencies being the "catalyst" for that event.