The overall cryptocurrency market is projected to reach USD 1.40 billion by 2024.
What's your take on this?
I think you meant $1.4 Trillion, because Bitcoin alone sis more than $100 Billion marketcap now. For me I believe before or around 2022 the who market cap would reached $1 Trillion which I think is doable, if the recession that are being project are true then people would see for better Asset to invest into coming out of recession and drive new users and money to the space
Yes, that's what he probably meant, a trillion dollar market cap. If my memory serves me right, we are close to that numbers when we are in the bull run in 2017, there are even comparison that the marketcap has reach the valuation of companies like Facebook and Apple that time. Five years time? we can even reach that in the next two or three years specially if we go on another dramatic and massive bull run in 2020-2021 because of the block halvening. So I wouldn't get excited or be surprise by this, crypto currency is growing in numbers and once this bull run happens again, we don't know when is the next stop, $30,000-$50,000 price projection for Bitcoin alone.