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Author Topic: Bitcoin will overtake market cap vs. world's GDP(GROSS DOMESTIC PRODUCT)  (Read 135 times)
jademacoy (OP)
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March 20, 2018, 08:53:32 AM
 #1

Bitcoin is a one of a kind investment. Just imagine that you will be using your fiat money to buy a digital currency? But what happens after buying bitcoin? Could we consider this a growth in addition to bitcoin market cap?
According to https://ftalphaville.ft.com/2017/12/07/2196526/what-happens-when-bitcoins-market-cap-overtakes-world-gdp/
 that there is a possibility that bitcoin market cap will overtake World GDP. Meaning to say that there is a great value of money circulating in the market of bitcoin. In yout point of view is this possible that bitcoin market cap will overtake world GDP?(Gross Domestic Product)
tosindesign
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March 20, 2018, 09:22:41 AM
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I don't think bitcoin will do that. Coinmarketcap is control by the government or some top international politicians. If not nothing would have stop the growth since January. Fear Government manipulation
jseverson
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March 20, 2018, 09:29:49 AM
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I don't think that will ever happen. Even at crypto's peak mid-December, it wasn't even able to crack 1% of the world's GDP.

Take note: I said crypto, as in the cryptocurrency market cap as a whole, not just Bitcoin. The world's GDP amounts to around $77.9 trillion dollars. To reach that value, assuming that Bitcoin's circulating supply is at its peak at 21 million, each coin would have to be worth $3.66 million. The world's GDP grows annually too, so the requirement is gradually going to get steeper.

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