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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You actually have some good point there and its something we can relate with but at the same time all of those things are happenings that are normal in the economic development of the world and a lot of things there can equally happen but rather than increasing the price of market capitalization, it could mean the end of bitcoin
One, when wall street enters the market as you have predicted, they come in with huge money which then give them some reasonable control which make the drive price to the direction they so wish. They can drive it to the point where they pull out and won't go up again. Stock market crash of 2008 is a lesson for all.
Again on your number 4 about seeing a currency crash which then means that bitcoin is the alternative, I guess that is thinking gone too far. Several years Greece battle with debt they didn't switch to bitcoin, Zimbabwe had the same issues but that didn't make them to switch it means there are several ways to solve a problem than one way you are looking at it.