Okay it took Bitcoin 12 years to reach up to around $1trillion market cap.
Apple reached $1trillion marketcap in 2018 and doubled it to $2trillion in 2020 in just 2 years!
What will it take for Bitcoin to double its marketcap to $2trillion resulting in $100k for each btc this year?
Where the extra $1000billion will come from to make this happen? Okay Elon Musk spent $1.5b but that leaves $998.5 billion left to go right?
Apple reached $1trillion marketcap in 2018 and doubled it to $2trillion in 2020 in just 2 years!
What will it take for Bitcoin to double its marketcap to $2trillion resulting in $100k for each btc this year?
Where the extra $1000billion will come from to make this happen? Okay Elon Musk spent $1.5b but that leaves $998.5 billion left to go right?
lesson one:
a market cap is not actually a bank account that holds $1trill to be collteral for the market cap
a market cap is the price of a single bitcoin multiplied by how many bitcoins exist.
meaning. i can make a altcoin with 20trillion premine coin. and sell just 1 coin to a friend for just $1.
and by that single $1 purchase id get a market cap of $20trillion.
yep even with just $1 involved in all trades. it creates a $20 trillion market cap
lesson 2
if we changed the markets to not have order lines of
$50,000.0001
$50,000.0002
meaning it takes 1000 people to out bid each other just to raise the price by $1
and instead have orderlines that spread by
$50.000
$50,001
then it only takes one person to outbid another person to raise the price by $1
and guess what
lesson 3
those orderlines do not need to be filled with whole bitcoins
there can be orderlines of
$50,000: 0.00001btc ($0.50c)
$50,001:0.00001btc($0.50c)
meaning just 50cents can move the price by $1
meaning it only takes $25k to move the price from $50k to $100k
meaning if all the idea's i just said are implemented the market cap can move to $2trill for just $25k
.
i hope these lessons make you realise the emptiness of the 'market caps' value