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Title: Milestone reached: Market cap > 100M USD Post by: gilgil on August 03, 2012, 06:39:55 PM Next milestone 1B USD ::)
Title: Re: Milestone reached: Market cap > 100M USD Post by: Raoul Duke on August 03, 2012, 07:09:41 PM http://2.bp.blogspot.com/-hL9FGI_am4c/T_NGWmlICII/AAAAAAAAAKw/zXWYzJ_JDqA/s1600/animatedfireworks-14%255B1%255D.gifhttp://2.bp.blogspot.com/-hL9FGI_am4c/T_NGWmlICII/AAAAAAAAAKw/zXWYzJ_JDqA/s1600/animatedfireworks-14%255B1%255D.gif
Title: Re: Milestone reached: Market cap > 100M USD Post by: deeplink on August 03, 2012, 07:39:51 PM It's already 106M @ USD 11.08 but who's counting? ;D
Title: Re: Milestone reached: Market cap > 100M USD Post by: Sunny King on August 04, 2012, 09:54:16 PM Congrats but surely this had already been done in June 2011?
Title: Re: Milestone reached: Market cap > 100M USD Post by: deeplink on August 04, 2012, 10:13:46 PM Congrats but surely this had already been done in June 2011? Yes it did, it reached nearly 200M in June 2011 http://blockchain.info/charts/market-cap?timespan=all Title: Re: Milestone reached: Market cap > 100M USD Post by: waltmarkers on August 04, 2012, 11:05:49 PM So I think hedge funds might start to get interested when the market cap is $1 billion. Here's why....that would let a fund take a $5 Million position and still only have 0.5% stake. Enough money to be interesting without risking obliterating the market when they want to exit the position.
Title: Re: Milestone reached: Market cap > 100M USD Post by: goxed on August 05, 2012, 01:04:03 AM So I think hedge funds might start to get interested when the market cap is $1 billion. Here's why....that would let a fund take a $5 Million position and still only have 0.5% stake. Enough money to be interesting without risking obliterating the market when they want to exit the position. The milestone may be short lived Title: Re: Milestone reached: Market cap > 100M USD Post by: n8rwJeTt8TrrLKPa55eU on August 05, 2012, 03:16:45 PM So I think hedge funds might start to get interested when the market cap is $1 billion. Here's why....that would let a fund take a $5 Million position and still only have 0.5% stake. Enough money to be interesting without risking obliterating the market when they want to exit the position. Agree, I think crossing the $1B (or $100 per coin) mark is when a change of perception occurs from "experiment/toy/crapshoot" to "viable speculation" for bigger and more conservative money. To use terminology from stocks, Bitcoin right now is a microcap (between$50M and $300M) , and can't even be considered "small cap" until its market cap is between $300M and $2B. Midcap would be between $2B and $10B, and large cap above that. If you assume all 21M coins have been minted, Bitcoin's market cap would finally be considered mature and liquid for the biggest and most conservative money managers if it's also trading at $500 or above. |
