[2017-02-25] Analyst: Bitcoin’s Market Cap Could Grow ‘Well Beyond $100 Billion’

[rytyr]

Analyst: Bitcoin’s Market Cap Could Grow ‘Well Beyond $100 Billion’

On Thursday, former Needham analyst Spencer Bogart, famed for predicting the sub-25 percent chance of the U.S Securities and Exchange Commission (SEC) approving a Bitcoin ETF, published a blog post estimating that bitcoin’s market cap could reach “well-beyond $100 billion”.

Bogart has recently left his position as Vice President of Equity Research at Needham where he published many investment reports focusing on Bitcoin, including coverage of Analyst: Bitcoin's Market Cap Could Grow ‘Well Beyond $100 Billion’Barry Silbert’s Bitcoin Investment Trust. He has joined Blockchain Capital as managing director and head of research.

Article

[1Referee]

Bitcoin market cap (+$19B) at current stage can still be seen as peanuts considering that the wide public doesn't know that Bitcoin is basically the perfect store of value tool. Especially when you consider that governments are doing everything to push away their people with all kinds of ridiculous laws and policies. As always governments hide themselves behind the same old bs that they do it to prevent money laundering and financing of terrorism. You must be a sheep to believe that nonsense. It's only done to tighten the control governments have over people their lives even further.