Quote from: figmentofmyass on June 20, 2018, 11:30:15 PM

Quote from: BitcoinNewbie15 on June 20, 2018, 10:02:01 PM

If Bitcoin hits a $50k price point then the market cap would be around $875 Billion. I think this is doable, as this would put it within range of Apples market cap.

what's apple's market cap have to do with anything? those figures sure make apple seem incredibly inflated (or bitcoin incredibly undervalued), don't you think?

I was just using it as a point of reference for valuation. Considering Bitcoin became worth more than many other major companies in 2017 very easily, and its not a company but more of a global commodity, it seems likely that it could come within range of apples market cap. I said it was doable, I wasn't saying it was impossible or unlikely. Yes I agree Apple is grossly over-inflated.

Quote from: figmentofmyass on June 20, 2018, 11:30:15 PM

the gold market is worth $7 trillion. the stock market is worth $30 trillion. what we're talking about is a drop in the bucket. the money doesn't need to be printed out of nowhere; it will come from other asset markets.

Sweet. This is what I was looking for. I don't think too much money would be divesting from the stock market to invest into Bitcoin though. Bitcoin is more like a commodity, apples to oranges, would you agree? With that being said though, even if a small percentage, say .1% of money from stocks move into Bitcoin that would be quite significant. As far as gold, I can definitely see a lot of money shifting from gold to Bitcoin.