When and how will Bitcoin reach a trillion dollar market cap?

[Q7]

Nobody could predict when it will happen or even whether it will ever become a reality but I imagine, if it does reach that level, it has fully captured all that market share from existing credit card companies, made some headway in retail over the counter spending while economic collapse has eroded people's trust in paper currency so badly that every single individual will have their own stash of bitcoin. It still has a long way to go but not impossible per se. 

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[bryant.coleman]

The CEO from Xapo expects a price of 500 to 1 million dollar per BTC in the next 10 to 20 years. It sounds insane but so did BTC ever reaching 1K back in 2009. If Bitcoin manages to be the #1 worldwide electronic money transaction system it is pretty much guaranteed that we'll see something along the lines, but we aren't used to seeing assets being worth that much "per share" so it creates cognitive dissonance and it makes you think it's impossible, but it isnt.

That is, IF Bitcoin manages to be the #1 worldwide electronic money transaction system.

But recent stats and developements points to a decline in Bitcoin adoption and usage. The trade volumes are significantly down for the past 6-7 months, even with factors such as the Greek crisis. And the Bitpay CEO has said that they have seen a sharp decline in people using their coins to do the shopping.

[dollarneed]

When and how will Bitcoin reach a trillion dollar market cap? iam not sure but actually no one predict it, its depend on situation and progress of the bitcoin of course it will take a long time to reach 1Trillion market cap, i think possibly after 30 years maybe

[PolarPoint]

It can do if banks accept bitcoin and enters a fractional reserve banking phase. You will have loans, bonds, futures and other derivatives. Then the bitcoin sector could be worth a trillion. Not impossible in 2020.

[ammy009]

after halving in 2024 it will happen !!! 1 trillion dollar market cap of bitcoin

[arallmuus]

after halving in 2024 it will happen !!! 1 trillion dollar market cap of bitcoin

You should stop getting yourself under such delusion because the future is still unclear and halvings will mostly affect miners the most and miners are not the one that controls the price. It will happen eventually if there is a demands on it, otherwise it will be just pure cheap talk no matter how many halvings that we have been through

But recent stats and developements points to a decline in Bitcoin adoption and usage

Where did you get this recent status from? As far as I know the status pointed that we are having more and more transaction also you can check at the block explorer that blocks are averaging on 600kb . Which means that there is only one possible fact for this, more and more people is using BTC and that would be how the marketcap reach higher milestone

The trade volumes are significantly down for the past 6-7 months

Trade volume has nothing to do with adoption or BTC usage. If you want to have a data about this then you should point your view to the number of BTC project that keep on increasing and also BTC transaction as well.

[gentlemand]

You should stop getting yourself under such delusion because the future is still unclear and halvings will mostly affect miners the most and miners are not the one that controls the price. It will happen eventually if there is a demands on it, otherwise it will be just pure cheap talk no matter how many halvings that we have been through

I agree that the halvings leading up to 2024 are reasonably academic, but that one puts the annual coin inflation below 2%. Right now avalanches of coins arrive every day so the sheer dilution makes it hard to tell what the state of the market is.

Post 2024 perhaps it'll start to act in a genuinely deflationary manner.

[prodigy8]

It is a long way but we are  getting there, i expect it to happen within 15 years along with world-wide mass adoption of Bitcoins, what do you guys think?

Why Bitcoin Could Be the Best Investment of the Century
https://atriark.com/blog/bitcoin-best-investment-century/

[HarHarHar9965]

It can do if banks accept bitcoin and enters a fractional reserve banking phase. You will have loans, bonds, futures and other derivatives. Then the bitcoin sector could be worth a trillion. Not impossible in 2020.

Yes, it would be a wise future for bitcoin to have an acceptance with said financial institutions and enter a fractional reserve banking phase, exactly which  you are talking about. But being involved with banks is the one thing which destroys the whole function of bitcoin... being decentralized. The banks will make sure that they would control it, rather than just have a reserve banking 'phase'.

[tyz]

Trillion or billion? Last one could happen very soon when Chinese stock exchanges and economy will collapse 

[Amph]

Trillion or billion? Last one could happen very soon when Chinese stock exchanges and economy will collapse 

we are already at billion market cap, he is talking about trillion, which mean 65k+ for each bitcoin

a bit crazy to thing about that right now, certainly not impossible

[ifightformerkel]

A trillion marketcap means that 1 bitcoin will cost about 78.000 Dollar.

Someone will not believe this, but imo it will happen for 100% in the next 5 years, before 2021.
Only some big company must start with bitcoin payment and it will trigger a chain reaction.

[needFREElunch]

A long way to go. But we cannot say that the question seems far away from the actual reality. Bitcoin is taking baby steps into the global economy, days are not far when the bitcoin would have gained enough masses to raise a trillion dollar market cap.

[Borisz]

You should stop getting yourself under such delusion because the future is still unclear and halvings will mostly affect miners the most and miners are not the one that controls the price. It will happen eventually if there is a demands on it, otherwise it will be just pure cheap talk no matter how many halvings that we have been through

I agree that the halvings leading up to 2024 are reasonably academic, but that one puts the annual coin inflation below 2%. Right now avalanches of coins arrive every day so the sheer dilution makes it hard to tell what the state of the market is.

Post 2024 perhaps it'll start to act in a genuinely deflationary manner.

after halving in 2024 it will happen !!! 1 trillion dollar market cap of bitcoin

This halving thing is actually great... People think that this means the coin is become scarce and it will be more valuable, hence the price must rise. However, all it means that the inflation rate of bitcoin is halving. Nevertheless continuous money input into the network is required just to maintain its price, not rise.
If the market cap stays at say 1 Billion USD and we keep adding new coins by mining, what will happen? Bitcoin has to attract investors and expend or otherwise increase its perceived value just to maintain and possibly increase it's "price" (converted in USD/EUR/etc).

So this illusion of the coin becoming more valuable overnight after block reward halving has little to do with the actual fact of halving, rather than what people think.

Trillion or billion? Last one could happen very soon when Chinese stock exchanges and economy will collapse 

As posted previously, the current market cap is already 4 Billion. (source example)

A trillion marketcap means that 1 bitcoin will cost about 78.000 Dollar.

Someone will not believe this, but imo it will happen for 100% in the next 5 years, before 2021.
Only some big company must start with bitcoin payment and it will trigger a chain reaction.

I think some people are way too optimistic. The current market cap is negligible compared to 1 trillion, meaning that yearly 200 billion would be needed to get into the bitcoin economy. Not saying it is impossible, but looking at it realistically, its rather unlikely.

[BitcoinNewbie15]

A trillion dollar market cap would be extremely high, as that is a 250x increase, assuming the current market cap is 4 billion dollars. That would be massive, but I do wonder what might happen with Bitcoin to cause it to go this high. Who knows if it is possible though.

[neurotypical]

You should stop getting yourself under such delusion because the future is still unclear and halvings will mostly affect miners the most and miners are not the one that controls the price. It will happen eventually if there is a demands on it, otherwise it will be just pure cheap talk no matter how many halvings that we have been through

I agree that the halvings leading up to 2024 are reasonably academic, but that one puts the annual coin inflation below 2%. Right now avalanches of coins arrive every day so the sheer dilution makes it hard to tell what the state of the market is.

Post 2024 perhaps it'll start to act in a genuinely deflationary manner.

after halving in 2024 it will happen !!! 1 trillion dollar market cap of bitcoin

This halving thing is actually great... People think that this means the coin is become scarce and it will be more valuable, hence the price must rise. However, all it means that the inflation rate of bitcoin is halving. Nevertheless continuous money input into the network is required just to maintain its price, not rise.
If the market cap stays at say 1 Billion USD and we keep adding new coins by mining, what will happen? Bitcoin has to attract investors and expend or otherwise increase its perceived value just to maintain and possibly increase it's "price" (converted in USD/EUR/etc).

So this illusion of the coin becoming more valuable overnight after block reward halving has little to do with the actual fact of halving, rather than what people think.

Trillion or billion? Last one could happen very soon when Chinese stock exchanges and economy will collapse 

As posted previously, the current market cap is already 4 Billion. (source example)

A trillion marketcap means that 1 bitcoin will cost about 78.000 Dollar.

Someone will not believe this, but imo it will happen for 100% in the next 5 years, before 2021.
Only some big company must start with bitcoin payment and it will trigger a chain reaction.

I think some people are way too optimistic. The current market cap is negligible compared to 1 trillion, meaning that yearly 200 billion would be needed to get into the bitcoin economy. Not saying it is impossible, but looking at it realistically, its rather unlikely.

It is technically more scarce, no need to for the italicized "think". It inflation goes down, and the result is a more scarce asset, the total supply is constantly shrinking, and the fact the block reward gets cut in half makes it more valuable instantly. The pump will be epic.

[jeffthebaker]

The future market cap of Bitcoin is entirely dependent on the success or failure of currencies throughout the world. If events like Greece, China, and Venezuela continue in the future, mass adoption will occur sooner, rather than later.

[bit1]

A trillion marketcap means that 1 bitcoin will cost about 78.000 Dollar.

Someone will not believe this, but imo it will happen for 100% in the next 5 years, before 2021.
Only some big company must start with bitcoin payment and it will trigger a chain reaction.

True, but keep an safe wallet  and use it, Is not easy for many peoples even.

[Borisz]

It is technically more scarce, no need to for the italicized "think". It inflation goes down, and the result is a more scarce asset, the total supply is constantly shrinking, and the fact the block reward gets cut in half makes it more valuable instantly. The pump will be epic.

Only the supply becomes more scarce, not the amount of coins. This is what I was trying to point out. So the value doesn't go up because we have suddenly less coins, but because the inflation value goes down a bit. And probably the main influence is because people think that we will have less coins and hence they should be worth more. So the value increase is not because it is suddenly worth more, but because people think it has a higher value (or will have).

[greBit]

A trillion dollar market cap would be extremely high, as that is a 250x increase, assuming the current market cap is 4 billion dollars. That would be massive, but I do wonder what might happen with Bitcoin to cause it to go this high. Who knows if it is possible though.

Something as big as mass adoption by a majorly populated country like China or India could cause such an explosion in price. That could be a very good thing for all the bitcoin investors, its their god damn wet dream Irrespective of how the chances of that happening is so low, there are factors such as education of the masses, technological barriers and adaptation with fiat to be fixed... that's when such an economic evolution could happen.