Just to give you perspective of how much money is out there.
Gold market - 7trillion USD
Global stock market - 70trillion USD
Global money supply (broad money) - 90trillion USD
Global real estate - 220trillion USD
Offshore tax haven accounts - 30trillion USD
Derivatives market - freaking huge!!!!!
There is enough money out there to push Bitcoin to crazy highs!
That's the last thing I'm worried about. It's just a question of time.
Impressive numbers, there is hundreds of trillions $ out there, and if just a small percentage go into the market of crypto there is no doubt that the price of 1
BTC will be hundreds of thousands $. As you say it is only question of time, but we as humans have limited life time so I hope that great things will start to happen in next 5-15 years.
2 years ago this was not even $1 million per day. and before that it was even lower even though reward was 25BTC per block.
currently the daily trading volume of bitcoin is in billions of dollars per day (between $3-5 billion) so why is it so hard to see price go up 2.5x from the last ATH? we are still far from mass adoption. there is only 1% or less of the whole world who have invested in bitcoin if that number increases to 2% price should go to $50k!
Only some 0.5-1% of world populatuion is using
BTC, this is so low number and on the other side we have very good price so I think that it shows the potential of cryptocurrency. Better secured exchanges, more friendy use wallets, implementation of Lightning Network and regulated status of cryptocurrency in most world countries, I think we can have more then 2% of users in near future.