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.
While a market cap of 1 trillion seems to be very high the truth is that the price of bitcoin would have to be something close to 60000 which is not really unrealistic if you ask me, the only thing that you need to ask yourself is when you are expecting that? If you are willing to wait up to a decade to see that market cap then I will say that the chances of seeing it are very good.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.