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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I think this is a pretty optimistic viewpoint overall. I don't think that in the next year or two that an entire government's currency is going to collapse
AND that their new currency is going to be a crypto currency.
1) Crypto requires technology, and a country that has their currency fail is probably not going to have ample technology to support a crypto currency and make their entire population to use it.
2) I don't think a majority is anti-centralization. I think a majority don't even know the difference between centralized and decentralized organizations. Even then, capitalism is pretty dominant all around and that requires some centralization.