Bitcoin Forum

Here's why I think $6 trillion is completely reasonable:
1. Wall Street hasn't jumped in yet.
2. Big business still has its toes in the water.
3. There's widespread and mainstream awareness,  but very little mainstream adoption.
4. We're going to see at least one governments currency collapse soon, with that nation switching to cryptos. That will begin a widespread acceptance of cryptos as legitimate.
5. The trend in the general population is anti central authority aka. big banks, governments, big corporations. Look at brexit, Trump, the rise of nationalism against the EU, etc.  Cryptocurrencies are the embodiment of anti authority and giving the people more control over their wealth.

With so many catalysts, a 10-12x growth for this market is definitely a possibility.

What do you all think?

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I think your last two points are wrong, your fourth point is something we all know the current system is unsustainable, however the market is not rational if it was all the economy should have collapsed already so I do not know if we are going to see any collapse soon, and your fifth point is mistaken as well, centralization is all over the place but people do not see it, people use Facebook, Google and many other apps that have accesa to all their information and governments are becoming more centralized as well, so I do not see a decentralization trend at all.

Yes and no.

Yes, because the cryptocurrency market is indeed potentially worth that much. It could grow even higher than that. Prices have indeed grown by already more than x10 the past year (2017), so that is something to consider although since indeed there is not even 10% of the population that actually buys and uses crypto, there is indeed a lot of room for growth.

No, because wall street just follows where the money is at. That is not something sustainable. Let's all remember these are the guys that brought us the financial crisis years back. It's not like they are ethical enough to even prevent that from happening again. But let's do hope the new policies and laws around the world would prevent another financial crisis with cryptocurrencies being the "catalyst" for that event.

Given the factor that only a small percentage of people knows cryptomarket, there is really a huge chance that it will grow to what OP is thinking, and further more, I believe it will even surpass this market capitalization.  Once country are able to regulate cryptocurrency and had adjusted its banking sytem / finance system to the trend of cryptocurrency, they will adopt it one by one thus creating more market for cryptocurrency.  with this factor alone (government accepting and regulating cryptocurrency) will definitely boost the market cap though, I am a bit hesitant if it will happen this 2019.

I agree with 2, 3 and don't want to comment something I agree on.
I don't agree on 1 because you don't know that. I am pretty sure wall street has jumped in.
I don't agree with 4 either, local authorities won't let it happen.
5 - look how many people have invested in ripple. Take a look at exchange regulation. Anti central authority my ass, things you mentioned have nothing to do with crypto, it is politic.

there is one thing that I think is impossible and unreasonable. the state will not let its currency be destroyed. because this we can see that the currency can be said as a symbol of a country. if the country does not have its own currency, the country will become weak economy and the state bank is unlikely to let this happen

You actually have some good point there and its something we can relate with but at the same time all of those things are happenings that are normal in the economic development of the world and a lot of things there can equally happen but rather than increasing the price of market capitalization, it could mean the end of bitcoin

One, when wall street enters the market as you have predicted, they come in with huge money which then give them some reasonable control which make the drive price to the direction they so wish. They can drive it to the point where they pull out and won't go up again. Stock market crash of 2008 is a lesson for all.

Again on your number 4 about seeing a currency crash which then means that bitcoin is the alternative, I guess that is thinking gone too far. Several years Greece battle with debt they didn't switch to bitcoin, Zimbabwe had the same issues but that didn't make them to switch it means there are several ways to solve a problem than one way you are looking at it.

I'll try to add a few points.

6. According to polls, only 2% of americans have used bitcoin or a crypto currency. There is plenty of room for growth.

7. There was a statistic issued awhile ago where it was claimed the number of bitcoin users doubles every 12 months or so. It could be a developing metric similar to Moore's Law.

8. A stat was released earlier this year claiming coinbase has around 100,000 new sign ups per day which could indicate that crypto's userbase is constantly growing at a decent clip.

(If you want I can get you sources for all those points, although they should be easy to find via search engine)

They have jumped in already to spread lies and FUD about bitcoin. But there must be a personal interest on why they are doing that and one thing I guess, it's to buy at dip.
I agree on this, bigger businesses haven't entered yet although there are some that are already in.
Publicity whether it's good or bad it's still publicity so this awareness is nowhere to go but to full adoption.
I'm not sure about this, a government will not allow something decentralize to take over their currency.
Not in general.

These are only few things but there's more to come and I do believe that $6T in crypto market is peanuts.

I dont think so,i am expecting 2-3$ trillion market at max by the end.it is true that majority of tycoon and stock trader are seeing crypto more profitable and tax free asset that other assets.but still only few government has taken initiative to legalise crypto so we have to see what comes next.

Well not bad idea some corporations are starting to jump into crypto space. And yes we are still on a early stages of this industry Crypto world offers new and great technologies that other industries doesn't have. Once the mass adoption starts we can easily a spike in the total market capitalization but i don't agree to fully kick the paper money system and governments or else they will do everything to stop the crypto. I think it's much better if cryptocurrencies will be just an option.

Fine, but you only discussed the pros, it is hard to make predictions if you don't also consider the cons...

It definitely has the potential to reach that number and even higher if everything goes well, hint hint: Lightning network.

But we also need to consider the things which aren't doing very well at the moment,
The fees per transaction are similar to what wire transfer charges are.
Transfer takes few hours when it was supposed to be instant.
Complicated process to achieve crypto-currency and not suitable for non tech guys.

Lastly, unstable prices is good sign but only as long as it keeps increasing on regular basis.
Very frequent falls might prevent every day big businesses from using it.

People blame wall street for the economic crisis and the housing bubble but lets be frank a crisis of that size cannot happen just because the bankers were greedy it was the fault of all society, the governments kept the interest rates too low this created cheap credit and everyone was spending more than what they afford, banks gave credit to almost anyone that is true, but people were dumb enough to sign the papers thinking they could somehow afford a house.

Not sure about that, it does seem like parts of Wall Street already have skin in the game. However institutional investors are still missing. I don't expect them to enter the market until the market cap and price stability has increased though. Once they're in we would have a pretty solid price base.



Fully agreed.



I don't see this happening anytime soon. Government currency collapse maybe, but I think an official switch to cryptos is rather unlikely. I could see unofficial use of cryptocurrencies by the general populace though, however not until transaction fees have been curbed by improved scalability.



Voting for Trump to fight the establishment is like buying into Ripple as a cryptocurrency. It may seem like a good idea to some, but is ultimately a misled approach at solving a misunderstood problem.

Personal convictions aside, I see very little anti authoritarian and decentralized thinking in the world. Otherwise people would actually move away from all the central authorities that dominate their lifes instead of complaining about politics by posting on Facebook from their iPhones that they paid for with their VISA when they bought it from Amazon. If anything the rise of nationalism has shown that the world has become more conservative and protectionist.

Op's number (4) seem like an item that will lead to a financial revolution if it happens especially to the international currencies, for instance dollar. Otherwise , some fiat have already collapsed for long and dont worth much.

It habitually happens that government's currency collapses, so that is nothing new and special. But do you think they will use the independent and decentralized already available crypto currencies or do you think they will introduce their own one? I think they will introduce their own one, but it will surely lead to more awareness about crypto currencies in general.

There are many so called "experts" who come to cryptocurrency and blockchain who make a fool of themselves. Not saying that Rabblerah112 is one of them, but you have to question all these newbs coming in here and opens a thread telling everyone what he "thinks", which in Rabblerah112's post looks like it was copied somewhere.

i generally tend not to listen to experts' on crypto. more optimistic of the developer team.

We need this modern digital money in life that's why the price will be high in the future because the knowledge about it is we need and we can earn also at the same time so this will be popular all around the world in the future,i think the price of it if this will continue are going really high soon but we can't predict that because it's so hard to speculate this.

wall street jumping in doesn't mean it will go up, they could bet it going down as well.
it's already a given that cryptocurrency is an investment vehicle, not a currency. it's far easier to use cash/credit cards for everyday transaction.

Seriously, we expect that to happen in just these few months. We are all eyeing on wall street big boys who may bring some big money into Bitcoin. I do believe that bitcoin will reach high rate and a high level that too on very soon. All we need right now must be, bitcoin needs to break $20k price levels after that we can see the entire crypto world will be testing some unbelievable market cap like in trillions. There are almost 23 more months for 2019 to be completed. I guess this will be plenty of time in which we can expect even 10 trillion dollars market cap too.

wall street goes both ways. some big boys will be buying bitcoin, however there will also be big boys believing bitcoin is nothing more than a fad/tulip and shorting it.

 As we had observed now a days,more crypto currencies had shown its capability and had reached to the moon. Its growth really amazing will surely can boost the crypto market even more than $6 trillion by 2019.

With every passing day, the graph of the people who are getting to know about the crypto currencies and the ones who are investing their money into crypto market is increasing very much significantly. Till the time, more people will keep on investing their money into this market, the worth of the crypto market will keep on increasing and there are chances that it will reach to this much value by the end of next year.

#2 & #3 For sure!!!  Still a lot of room, $6 trillion isn't out of the question!

It will be a sort of revolution between the people and the government in coming time as few govt this year has already hinted that they do not support such cypto currency and people on other hand would like to own it and make it one of the option for them self for their investment or in their daily life by working full time in it.

If other government do start banning it then the number will go down rather than rising.

I am more interested to know how did you get to the number of 6T$?
I mean, it's a very specific number, so I guess you probably did kind of calculation.

Anyway, I believe that bitcoin won't grow so much, as 6T$ put the whole crypto market to be close to the Gold market cap- industry that are being supported worldwide and has a history of being a store of value.
I think that 2018 is going to be the test year for crypto currencies, as regulators are going to enter the free market and are probably going to try and stop the cryptocurrencies exchanges.
It would be interesting to know how we can deal with regulators.

I assume that he only estimated it. He has given his points on those things that aren't happening in the world of crypto's and that will be a big impact if those points will start to get working with cryptos.

Mainstream is one of the noisiest help that crypto can get from publishing and raising awareness that crypto's are real. But it will be also the reason behind those FUDs, mainstream medias keeps on interviewing wrong people giving their wrong views.

When major industrialized countries have entered,I think that there is no winning of non-centralized settlement currencies.

I think this is a pretty optimistic viewpoint overall. I don't think that in the next year or two that an entire government's currency is going to collapse AND that their new currency is going to be a crypto currency.

1) Crypto requires technology, and a country that has their currency fail is probably not going to have ample technology to support a crypto currency and make their entire population to use it.

2) I don't think a majority is anti-centralization. I think a majority don't even know the difference between centralized and decentralized organizations. Even then, capitalism is pretty dominant all around and that requires some centralization.

Even if the countries do not involve themselves in the trading but allow their industrialists to do the trades in cryptocurrency, then the target can be achieved. Another possible way is that the software industry should start a forum where they get the free lancing work paid in the cryptocurrency, this can also help in achieving the said target before 2019.

i believe crypto market will worth mote than a trillion by the end of this yead  and more than 3  trillions by the end of 2019

Confident reasoning.
For such growth, there are all prerequisites. I will be only happy with this growth. If you take a look at the time interval from 01/01/2017 to 01/01/2018, then the market has grown almost 40 times.

There is a big possibility that the crypto market will be worth up to $6 trillion or more by 2019. Almost all crypto currency has the potential to grow more. At this moment we can see the fall of other currency, but I am so sure that it will raise again more higher than its previous price before this year end. And when it will increase, this will continue to grow until 2019 of what we are expecting.

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Given the fact that the GDP of US is more than 12 trillions, a 6 trillion capitalization until 2019 is somewhat unrealistic. In my opinion, we could expect this year to reach 1 trillion , maybe 2. In this moment, the total mass of crypto is worth 400 billion (still a lot), in 2-3 months it could climb up again to the level registered in December.

But 6 trillion is quite high, of course we could reach that market capitalization but I will prefer that to be stable growth instead of reaching that market cap and then lose 70% in the next months, also I do not think governments are too eager to adapt to cryptocurrencies, the bigger is the market the bigger the menace to them and the greater the regulations they will want to create in the market.

Expecting this much of the increase in the worth of the crypto currency and that too in a time span of just one year is very much unrealistic thing as there are least chances of this thing to happen by the end of 2019. However, we can really expect that the market worth of the crypto currency will increase very much significantly by the end of next year and it will be able to achieve this target too in the near future.

I agree 2.3, A large-scale financial market should indeed reach 600 billion U.S. dollars. But I think Wall Street has jumped back into 2013, and they are the rich in layouts on an annual basis.
However, I think if any government starts using cryptocurrencies, it must still want to use legal currency. Take a look at capital gains taxes discussed by countries recently. I'm still looking forward to buying what I want to buy with bitcoin.

This is my biggest worry right now it seems the wall street boys that came to bitcoin did not come to buy bitcoin they came to short bitcoin and make a lot of money in the process, we need to show that bitcoin will resit any attack no matter how strong and bitcoin crashing almost 70% in a single month is not the best example of that, so I do not think we are going to get that many backers of wall street in the near future.

Given that only a small percentage of people know about the encryption market, there is a real opportunity.

Most tycoons and stock traders see more profitable encryption.

The only possible way of increasing the market worth of the crypto currencies to this much of level is none other than that of declaration of all the crypto coins as legal currencies. In addition to this, the increase in number if investors will also result in increase in the worth of the crypto currencies. This will take some time for the things to settle down and for the crypto currencies to achieve this level. It is not possible to achieve this in just one year.

This is more than impossible sort of thing to happen in this much short interval of time. The market is growing at a faster rate but still, reaching this much value is very much difficult to achieve. We can really hope that the worth of the crypto market will be much higher by the end of next year and that by that time, lot of other people would also have invested their money into it.