Here's what the article explained.
https://finance.yahoo.com/news/prediction-bitcoin-could-worth-20-090000591.htmlDuring the past decade, Bitcoin has transformed from a digital currency into a unique, standalone asset.
If Bitcoin is truly digital gold, as some think, it could skyrocket in value to $20 trillion from its current $2 trillion.
Over time, Bitcoin should become less volatile, as more investors view it as a stable, long-term investment.
Now here's the million-dollar question, do you guys think that’s possible at this pace?
Right now the total market cap is around $2 trillion. So if we’re talking 10x, that means Bitcoin would be trading at $1 million per coin.
Sounds kinda wild, right? But do you think there's any chance this could happen in the next 5 years? Or is this just one of those crypto fairy tales we keep telling ourselves to sleep better at night?
To start with, I already feel like bitcoin price is becoming somehow stable. With the rate institutions and governments have trooped into bitcoin, the price was supposed to fly by now but it's taking a gradual increase instead. I really do think that the market is somehow stabilizing.
For the market capitalization prediction, I think it is an outrageous prediction. If something is in $2 trillion dollars, you should atleast predict that it will go to 4 or 5 trillion dollars before predicting 20 trillion dollars. I found the prediction baseless and unrealistic.