Re: Will Bitcoin hit a trillion dollar marketcap in the future?
It's going to happen sooner or later. People tend to write this off as some kind of far sighted prophecy, but it really is not. We've seen a market cap that was around 30-40% of that figure already last year, so it's closer than people think.
With a limited supply and growing adoption that we've seen that will continue well into the next decades, bitcoin is bound to be more valuable in the long run. It's simple economics, supply of bitcoin isn't going to get much bigger since it is emitted in a limited manner, while the demand of coins will go up over time as more merchants accept it for payments. That's not to mention the imminent inflation that will debase the value of fiat as well, which would mean that when bitcoin is traded in relation to fiat, its value will rise in the long run, at least theoretically speaking.
With a limited supply and growing adoption that we've seen that will continue well into the next decades, bitcoin is bound to be more valuable in the long run. It's simple economics, supply of bitcoin isn't going to get much bigger since it is emitted in a limited manner, while the demand of coins will go up over time as more merchants accept it for payments. That's not to mention the imminent inflation that will debase the value of fiat as well, which would mean that when bitcoin is traded in relation to fiat, its value will rise in the long run, at least theoretically speaking.
Agree. The one thing that would greatly contribute towards the massive price rise within the future, would be the scarcity inherent within Bitcoin's supply. Satoshi designed it in a way that it remains a deflationary cryptocurrency, while at the same time being limitless (as Bitcoin is divisible to 8 units). While at current times, Bitcoin is not even close to reaching a trillion-dollar market cap, it will be in the future as demand grows along with it. People will begin to see Bitcoin as the next successor of Gold, hence they'll start to massively invest into it.
Once Bitcoin reaches a trillion-dollar market cap, then other altcoins would've reached values that were never imagined. Theyll quickly capture Bitcoin's price movement in the market, so if Bitcoin becomes extremely valuable, altcoins will do so too. As fiat currency (like the US Dollar) becomes inflated over time, Bitcoin will become scarcer over time, which means that you'll get more spending power in the future if you just hodl your coins in your wallet.
I'm sure that many early Bitcoin adopters who got in now when prices had been on a downfall, will greatly benefit in the future with the next bull market run. Just my opinion
