The Managing Director of FD7 Ventures, Prakash Chand has predicted that Bitcoin (BTC) will soon reach a $10 trillion market cap in a few years. He even added that altcoins such as Cardano (ADA), Polkadot (DOT), and Ethereum (ETH) will soon follow the lead.
As Joe Biden comes into power as the 46th President of the United States of America, one of the probable biggest questions that the new administration has to answer is what the future of Bitcoin and other cryptocurrencies holds in the country. Joe Biden’s presidential term officially came into power on 20th January 2021.
The cryptocurrency market is getting intensely crowded. With the global crypto market cap reaching $1 trillion, it looks like the crypto battlefield has just begun. Over the past few years, one can see institutional investments raining over the crypto industry and pushing demand for blockchain technology even further.
Since the advent of Bitcoin (BTC), a little more than a decade ago, many other innovative cryptocurrencies have emerged to further advance Bitcoin’s course to change the entire narrative around traditional finance and its wobbled offerings.
The successful adoption of crypto-space has made its global market overtake the GDP of most countries. The price of BTC has bore witness to changed opinions of powerful personalities who use to passionately hate Bitcoin.
