Quote from: JohnBitCo on October 24, 2018, 05:02:56 AM

Quote from: South Park on October 17, 2018, 10:43:58 PM

Quote from: Abiky on August 24, 2018, 01:07:40 AM

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.

For a one million trillion cap market, there needs to be a lot of investors investing in bitcoins. Also institutional money should move into crypto market. US stock exchange and other big exchanges should take crypto with them and that will be the time when we will see a one trillion dollar market cap.

Obviously, as you would not just expect it to start growing overnight without new moneys coming in. Hitting a trillion dollar market to me is going to be easy, at least we hit over 300 billion in market cap in the last bull run before we saw the market get dumped and we are in at least, a division of 10 to the trillion at the moment.

With new money setting in, with a lot of the market growing hugely and with more coins even hitting the crypto street, this would be an easy thing to attain. The market cap will most definitely grow once we start seeing recovery in the market, and attaining trillions of USD in market cap is not something that is impossible.