Bitcoin Forum

Venture capital investor Tim Draper has predicted that total cryptocurrency market capitalization will hit $80 trillion in the next 15 years, news outlet DealStreetAsia reported September 14.

Speaking at the DealStreetAsia PE-VC Summit 2018 in Singapore, Draper argued that the significant slide in the cryptocurrency market in recent months is attributed to people who have not adopted digital currencies as a new asset class. Draper stated that once people become more familiar with the technology, it would transform many important industries globally:

“I think it’s going to have such a transformative effect on industries that we never even imagined would be transformable. The internet went after industries that were $10–100 billion dollar markets, cryptocurrency will go after trillion dollar markets — these are finance, healthcare and insurance, banking and investment banking, and governments.”

In January 2018, Barron’s reported that the Russell 3000 Index — which accounts for 98.5 percent of the entire U.S. stock market — was worth $30 trillion. The “staggering” amount of money followed a successful year in 2017, in which the market experienced 22 percent returns.

Draper also compared the current state of the crypto market with the early days of Internet, saying:

“The internet started in the same way, it came in big waves and then it kind of came crashing down, and then the next wave comes concentrated but much bigger, and I suspect the same thing will go on here (with Bitcoin).”

Brian Kelly of CNBC’s Fast Money compared cryptocurrency to the “Internet in the 1980s” as well, pointing out that Bitcoin (BTC) is still in its early stages. Kelly asserted that while he used to see crypto as comparable to the Internet in 1995, he now understands that a better comparison is further back. He added:

“I think this technology is going to work, it’s going to be game changing, but it’s very early days, so we can have this massive volatility.”

At press time, total crypto market capitalization is around $202 billion, according to CoinMarketCap.

Total Crypto Market Cap is nonsense and does not mean anything.
As long as there are more cryptos created and more demand, the number will reach  $80 Trillion in less time.
If we take into account coins like Tether[1] & Dogecoin & NEM, They have printed massive amounts of those coins, which leads to more of shit in the market.
Relying on such things as "Market Cap" will only lead to more erroneous market assessments and investments that result in more money lost.

[1] Biggest misconception about Tether market cap and why it’s totally different from all other coins (https://medium.com/crypto-punks/tether-misconceptions-2984430e7e48)

That's right, it address to the whole market cap but if he only talks about bitcoin reaching a specific trillion market cap soon that's even more interesting.

@OP include the source, don't plagiarize.

This is the source: https://cointelegraph.com/news/tim-draper-predicts-total-crypto-market-cap-of-80-trillion-in-next-15-years

Total Crypto Market Cap is to assess crypto in a straight line and for me that is not correct, because many factors influence the acceleration and deceleration that might occur in the market. supply and demand are currently increasing rapidly because many new projects and ICOs are emerging and developing and also strengthening on old coins. If this positive sentiment continues, there is no need to wait 15 years to reach the value of $ 80 trillion

I have seen too many predictions about this, but none of them are real. I think the market wants to develop, which requires everyone's efforts to achieve (investors, whales, sharks, merchants, miners).

My dear 15 years mean 1.5 decades so who knows what will happen after a decade. It is all these rubbish predictions of gamblers which is taking crypto industry to a bad and confused reputation. It will be better if we talk of it today. If it isn't productivity today then just throw it to a trash box. People can't wait for more than an year or two therefore, the better option is to discuss the present and the near future.

I read this article too,. The article is one of the positive thoughts about cryptocurrency specially this time that the market is down.. We need this kind of prediction.  But for me, as long as a lot of investor believe on. I think the 80trillion $  can achieve in no time, .

It only means that crypto is really hard to predict, we have seen thousands of predictions but only a free % really hit and those who hit their predictions is also +/- margin of error. We shouldn't totally blindly trust those making bold predictions, most of them are bag holders anyways, so it makes sense for them to be perma bulls no matter what.

Yes, crpyto is fairly young, lots of things can happened in the future. $80 Trillion as total marketcap is really huge, but the questions is, how many of them are shitcoins and just artificially ballooning the total market? marketcap not a good indication how strong the ecosystem is because its a bit misleading.

If this sphere of investment does not begin to be regulated and the conditions of the ICO will not be strictly prescribed somewhere, then the total capitalization of 80 trillion dollars coinmarketcap.com it will be possible to see much faster than in 15 years.
Over the past 2 years, the number of tokens has already exceeded 2000 pieces and every year their number will grow. If the market turns green and each project during the fundraising for ICO will gain 20-30 million dollars, you can imagine what the capitalization of the entire crypto-currency market will be!

I agree that shitcoins should not be tken into account when we are talking about the marketcap of cryptocurrencies as a good thing. At the same time, though, I bet the stock market doesn't care about how good or bad some offers are, what matters is the sum. And at least bad coins contribute something to decentralization, lead us away from the tyranny of top cryptocurrencies. I also hope that with time the investors will get smarter and bad coins will just die, without really contributing to capitalization.
Case like tether are trisky, though, because people find such coins useful to 'freeze' the investment when the market is bearing or to use in trading pairs. At the same time, they sare essentially useless, even though they can represent very significant capitalization.