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
- a Telegram channel dedicated to providing leaks from premium sources like Palm Beach Confidential and more.
I'll try to add a few points.
6. According to polls, only 2% of americans have used bitcoin or a crypto currency. There is plenty of room for growth.
7. There was a statistic issued awhile ago where it was claimed the number of bitcoin users doubles every 12 months or so. It could be a developing metric similar to Moore's Law.
8. A stat was released earlier this year claiming coinbase has around 100,000 new sign ups per day which could indicate that crypto's userbase is constantly growing at a decent clip.
(If you want I can get you sources for all those points, although they should be easy to find via search engine)