Re: Will Bitcoin hit a trillion dollar marketcap in the future?
Bitcoin has been on a constant decline in value ever since 2018 started. Most say it has been a result of government regulations, others say that whales are manipulating the market, and some say that it's the result of FUD within the cryptocurrency markets. However, given that Bitcoin was designed to be scarce or limited in supply, it could become much more valuable in the future.
Nevertheless, do you think Bitcoin will hit a trillion-dollar marketcap in the future? How far do you think this is from becoming a reality? I would like to know your thoughts about this.
It is very possible of course. The current market cap is just about 230 billion dollars and Bitcoin already holds over 45% of it which could be over 100 Billion dollars. If Bitcoin increases by 1000% which is still very possible in future, then it will hit a trillion market cap.Nevertheless, do you think Bitcoin will hit a trillion-dollar marketcap in the future? How far do you think this is from becoming a reality? I would like to know your thoughts about this.