Post
Topic
Board Bitcoin Discussion
Re: Interesting fact: When Bitcoin reaches $100 000...
by
The Pharmacist
on 19/02/2020, 17:42:12 UTC
Many analysts and traders suggest that $100 000 is not a question of IF, it's a question of WHEN.
I agree with this, though I'm far from certain whether it's going to happen.  I have a feeling bitcoin will get to $100k, but it might be a while.  Still, it's "only" a 10x gain from where it's at now, and I've seen that sort of growth since I've been into crypto.

...total Cryptocurrency market capitalization will be at least $2 Trillion.
That I don't know about.  Bitcoin's market cap would be $210 billion (assuming all 21 million coins were in circulation), but who knows what the rest of the altcoin market would do.  If bitcoin were to hit $100k at a time when people have figured out that most altcoins are useless, there might only be a few left in existence.  But that estimate might be right.  It'll be interesting to see how long it takes for that 10x gain--and I'm more immediately interested in where bitcoin's going to head this year.  It's off to a great start so far, but there's a lot of time left in 2020.