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Board Press
Re: [2018-09-18] Tim Draper Predicts Total Crypto Market Cap of $80 Trillion
by
magneto
on 20/09/2018, 20:27:26 UTC
It's nice to hear such forecasts at a time when the crypto market is experiencing a major crisis!

Tim Draper Predicts Total Crypto Market Cap of $80 Trillion in Next 15 Years

Venture capital investor Tim Draper has predicted that total cryptocurrency market capitalization will hit $80 trillion in the next 15 years, news outlet DealStreetAsia reported September 14. Continue reading >> https://cointelegraph.com/news/tim-draper-predicts-total-crypto-market-cap-of-80-trillion-in-next-15-years

Given that the total market capitalisation of all of the cryptos combined is barely 1/5th of 1 trillion USD at the moment, it's really hard to see the entire crypto market seeing that much growth any time soon.

Tim Draper has been historically extremely bullish on bitcoin, so there is pretty much no surprise that he has come out with this yet again.

I'm not saying that it couldn't happen, given that 15 years is an extremely long time and we have no knowledge of future bull markets that may hit. But it sure does seem like yet another prediction where no actual analysis is put in but instead, an arbitrary figure is made as the supposed target in 15 years in order for him to gain publicity and stay relevant. Obviously his $10k prediction was right, but that doesn't guarantee that he'll be right again.