Re: Will Bitcoin hit a trillion dollar marketcap in the future?
As of this moment my answer is totally not,this will never hit in this market movement,sitting at $150 billion we are too far from a trillion bucks dude
Though i am pretty sure that this is not impossible for this great community to expect this to happen,but not today and not for a near future im sure
Though i am pretty sure that this is not impossible for this great community to expect this to happen,but not today and not for a near future im sure
That's certainly true, mate. Current movement in price across the whole cryptocurrency market, would delay Bitcoin's growth in market cap. While it's impossible to predict with certainty how cryptocurrencies would behave, there's no doubt that over time, Bitcoin will become valuable due to its deflationary design. The supply is finite, and every 4 years the block reward is cut by half. This would greatly contribute to Bitcoin's price over the long term.
As such, what we're seeing right now, is only temporary. Of course, it could take years before Bitcoin reaches a Trillion-Dollar market cap. However, it's important to keep in mind that Bitcoin has passed through nearly the same thing back in 2013 when the Mt. Gox exchange was gone. Bitcoin prices reached an ATH of $1,000+, but quickly fell below $300 within a short time frame. Just a couple of years later (in 2017), Bitcoin's prices start to rise again, until it reached unprecedented levels of $20k.
Therefore, I believe that the same thing is happening right now with Bitcoin. It's only a matter of time, before we could experience that Trillion-Dollar market cap in Bitcoin. Just my thoughts
