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Author Topic: Kraken CEO: Bitcoin Would Be Worth $1,000,000,000,000 If the Masses Knew the Pow  (Read 774 times)
batang_bitcoin
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June 04, 2020, 03:19:41 PM
 #21

$1 trillion per Bitcoin, or a $1 trillion market cap? It's already been over $300 billion before, so achieving $1 trillion is certainly within the realm of possibility.

However, it certainly won't ever achieve $1 trillion per BTC, since that would equal a market cap of 21 quadrillion USD, which I believe is higher than the total asset + fiat + credit values of everything on earth.

In any case, he should at least post some supporting evidence with his bold statement. Though I believe he is correct, how do you arrive at $1 trillion? To me, it seems like it should be closer to $3.5 trillion—given that the market cap is currently $170 billion and only around 5% or less of the world's popular has invested in BTC (probably closer to 1% overall.)
The $1T/bitcoin is unreal. It's crazier than the prediction of John McAfee if that's the case but it's more realistic calling it a 1 trillion dollar market cap. It's the next goal that we all want to achieve and witness. Two years from now to five years, we will never know how long bitcoin has to go through before reaching that dream market cap.

Think of how much money must be taken from other markets to BTC

Getting from 100$ to 10000 $ is relativly easy for a small market,

doing this from 10000 $ to even 100000 $ is much more hard....
We'll be there soon but only time will know.



 

 

 

 

 

 


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June 05, 2020, 08:35:18 AM
 #22

$1 trillion per Bitcoin, or a $1 trillion market cap? It's already been over $300 billion before, so achieving $1 trillion is certainly within the realm of possibility.

If you had read the first few posts and clicked on the link in post number 4, you would have seen that at least according to the author of the article it is about the amount of $1 trillion per BTC, and not about market cap. If we were talking about $1 trillion MC, then in that case the price of 1 BTC would be around $50 000.

For all the other questions read my previous post, I think I have somewhat explained what this is all about.

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June 05, 2020, 09:32:02 PM
 #23

If my Aunt had balls she’d be my Uncle.

Bit of a stupid statement really, we all want bitcoin to gain mainstream adoption but silly statements like predicting unrealistic prices help nobody.

It's even dumber if you add that the statement is made by a business owner.

It's like the potato farmer saying that if we all ate them every day we'd be healthier and the price of the crop would be 10 times higher Cheesy

Another true but just too obvious statement is that if everybody in the world invested any amount of money in Bitcoin it would be worth at least 1 million USD per coin.
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