Post
Topic
Board Speculation
Re: Do you think that bitcoin could hit 10 million ever?
by
teosanru
on 13/01/2021, 21:06:22 UTC
Do you think that bitcoin could have a market cap of around 200 trillion? Is it feasible?
One possibility of this happening is almost everyone coming on bitcoin and using it for transactions or storing their wealth. But this doesn't look practical as we already are facing a hell of lot of scaling issues with huge fees along with that. If we expect the value of bitcoin even at 100000$ we are talking about fees of more than 40$ per transaction which is insanely high. Until we can solve this issue I don't think we can grow that high. Alternative chains and Lightning Network might help a bit but everyone knows that they don't really offer a great solution to this problem. But yes 200 Trillion is a pretty big number even the whole US GDP is about 20 Trillion $. So 10 Million is quite an unrealistic number we currently aren't even 1 Trillion.