Post
Topic
Board Speculation
Re: Will Bitcoin hit a trillion dollar marketcap in the future?
by
timerland
on 31/08/2018, 23:50:26 UTC
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. Smiley

If given no time constraints, it will happen without a doubt some time in the future. Whether this be a few years or perhaps even a few decades though, no one knows.

It's really just a matter of time, to be honest.

The logic behind this is simple. Growing adoption + depreciation of fiat will lead to prices continually going up in the long run without fail. There may not even be many bullish events that lead to a trillion dollar market cap. Though, if such high prices are reflective of the fact that fiat has inflated beyond imagination, the "real" value (as opposed to nominal) of each bitcoin may not necessarily change or appreciate as much as its nominal value.