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Title: Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's mark Post by: StockBet.com on October 24, 2017, 01:42:36 PM Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's market cap
https://www.cnbc.com/2017/10/24/bitcoin-market-cap-to-overtake-apple-in-five-years-analyst.html Quote
Title: Re: Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's mark Post by: topper26 on October 24, 2017, 02:08:17 PM makes sense, why do you think dumbo dimon keeps tweeting negativity about bitcoin
Title: Re: Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's mark Post by: StockBet.com on October 24, 2017, 02:43:32 PM makes sense, why do you think dumbo dimon keeps tweeting negativity about bitcoin You Jamie Demon, as John McAfee calls him? Title: Re: Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's mark Post by: cryptocrusher on October 24, 2017, 02:43:46 PM Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's market cap https://www.cnbc.com/2017/10/24/bitcoin-market-cap-to-overtake-apple-in-five-years-analyst.html Quote
When you think about it, bitcoin could really be much much bigger than apple if it gets even anywhere near the same level of adoption, obviously they're not really competitors in any way but it is an interesting point of view. Finance is and always will be one of the biggest industries in the world Title: Re: Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's mark Post by: ragnar0k on October 24, 2017, 02:53:17 PM Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's market cap https://www.cnbc.com/2017/10/24/bitcoin-market-cap-to-overtake-apple-in-five-years-analyst.html Quote
Meaning that apple will release iphones so crappy that will send the stock down to 100 bn? :P I think they are on track with the target XD Title: Re: Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's mark Post by: LFC_Bitcoin on October 24, 2017, 04:23:24 PM Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's market cap https://www.cnbc.com/2017/10/24/bitcoin-market-cap-to-overtake-apple-in-five-years-analyst.html Quote
Makes sense, $50,000 could be a relatively conservative estimate if the current growth continues of the past year to 18 months. Title: Re: Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's mark Post by: Opquar on October 24, 2017, 04:39:22 PM That sounds about right. Predicting the rise to $5000 this year also lends him some credibility. It's also funny how bitcoin caught up with Goldman Sachs, as they're thinking about getting into the market.
Title: Re: Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's mark Post by: player514 on October 24, 2017, 05:02:01 PM Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's market cap https://www.cnbc.com/2017/10/24/bitcoin-market-cap-to-overtake-apple-in-five-years-analyst.html Quote
Currently, the bitcoin market cap is around 100 billion. Apple's market cap is about 800 billion. I think there is a while for bitcoin to best Apple's market cap. In that time, a lot can happen -- apple can fall, or bitcoin can go up like crazy. I think it's unlikely that bitcoin will reach that threshold in 5 years, but if the same growth that we've been seeing is somehow sustained for the next 5 years, it's very possible. |