Quote from: shinratensei_ on Today at 02:59:28 AM

Quote from: dogemoon on October 28, 2024, 11:08:16 PM

Maybe when Bitcoin's market cap is the same as Gold's, then there would be enough gains to push Doge to hundreds of billions in market cap. But I think $5 would be a peak, and with the dump it would end up stabilizing at $1 or $2.

yeah, more likely the only plausible scenario for doge to go up that high is when crypto market cap is also growing so significantly which equates to flow of investment being abundant.

despite popularity, I think there are big chunk of investors who aren't exposed to crypto, therefore it's akin to untapped potential for crypto to grow.
with current rate, I expect that BTC nearing gold's market cap is possible. it's only matter of time, and once that reached, meme can just sweep in and join the train.

though I also think that it needs narrative as well for it to be hyped again.

Just because a lot of people "know" about bitcoin, doesn't mean they are all in. There are billions of people who know about bitcoin, but there are just a few hundred million at best who ever invested, and I am not even entirely sure if 100+ million people even have over 10 dollars, they got interested and joined, but got out and have just dusts, less than 100 million people probably have more than ten dollars in crypto. The number of wallets looks high, even Hamster Kombat got 100+ million users, but that's mostly people who have hundreds of phones that farm it, not the real number at all.

I believe when the day comes when we have 1 billion active investors, then we are going to see the real growth in bitcoin and we can see 1+ million dollar in price as well. How could we reach this level? Simple really, we keep growing, we go up in price, we make profit, and other people will see what type of profit we make and they will want to join and be part of this as well.