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Title: Can CMC hit 18trillion dollars in next 15years Post by: Windmoney@1 on September 14, 2018, 05:16:34 PM Someone says cryptocurrency market capitalization will surely record 18trillion dollars in next 15 years , can this be possible and if it possible what will be the price of 1bitcoin by then?
Title: Re: Can CMC hit 18trillion dollars in next 15years Post by: CorneliaMarket on September 17, 2018, 10:19:53 AM There is a possibility that the market may ride in billions in the future, given the rate its popularity is growing. Plus there are predictions that are being made that the price of BTC might reach to million dollars too, since it is not abundant in supply.
Title: Re: Can CMC hit 18trillion dollars in next 15years Post by: butka on September 17, 2018, 12:00:46 PM Let me put it this way:
The current market capitalization of gold is around 7 trillion dollars. Quote If each ounce was worth about $1,290, the world's gold supply would have an implied market cap of $7.07 trillion dollars. Source: https://www.fool.com/investing/2017/08/17/how-does-bitcoins-market-cap-stack-up-next-to-gold.aspxYou are asking if the total market cap of all cryptocurrencies could hit the mark of 18 trillion dollars, which is, according to the above estimate, roughly 2.5 times the current market cap of gold. I'd say it is entirely possible, and this may happen even sooner than in 15 years. Now, if the current BTC share of about 55 percent (https://coinmarketcap.com/charts/) of the total crypto market cap remains unchanged, that would mean that the market cap of BTC by 2033 (or sooner) would be 18 trillion x 0.55 = 9.9 trillion. Now you would have to divide this number by say, the number of coins in circulation around 2033, which will be somewhat short of 21 million, let's say 20.5 million coins: https://qph.fs.quoracdn.net/main-qimg-068396a0814cee9fcae96fb2e1f92d51 Source: https://www.quora.com/How-many-Bitcoins-are-currently-in-circulation That would give us the price of 1 BTC roughly = $482,000. Title: Re: Can CMC hit 18trillion dollars in next 15years Post by: BQ on September 17, 2018, 12:20:00 PM "1 BTC roughly = $482,000. " - that's a very expensive bitcoin, but then again, they're actually limited! (even if it's just digitally).
well, what would the market cap be at if all of the world moved over to some cryptocurrency? Title: Re: Can CMC hit 18trillion dollars in next 15years Post by: PickwickRock on September 17, 2018, 01:23:52 PM It does seem obvious that the price of the coins will increase a lot in the future. The demand will be greater than the supply of the coins, because we all know that the coins are limited in supply. This might even make the price of BTC reach millions also. The possibilities are endless.
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