Bitcoin To Soon Reach $1700

[Slark]

Bitcoin Market Cap passes 30 Billion.  Where to? $100 billion?

Why not?

TESLA is 53B$, Facebook is 435B$, Microsoft is 535B$, Apple is 799B$...

30B$ is no where big already. I think bitcoin has the potential to surpass facebook, microsoft and apple. That means we are still in its early phase. Even if we catch up with Tesla, that means another %100 increase in prices. Doesn't sound impossible to me considering the pump going on lately.

The only thing bothers me is the fees with small transactions. 

I agree.  Bitcoin was built with the potential to have market cap in the trillions.  Very interesting how it is going.

Why do we have to compare bitcoin market capitalization to net worth of the biggest companies in the world? What is the point?
Bitcoin is not business, nor a company. The closest term what we can call BTC  is 'a service'.
The truth is, Bitcoin is the unprecedented step of creating cryptographic money - every direct comparison to existing technology will be misleading.

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1714628494

[1714628494]

1714628494

[Urban Crypto]

Bitcoin Market Cap passes 30 Billion.  Where to? $100 billion?

Why not?

TESLA is 53B$, Facebook is 435B$, Microsoft is 535B$, Apple is 799B$...

30B$ is no where big already. I think bitcoin has the potential to surpass facebook, microsoft and apple. That means we are still in its early phase. Even if we catch up with Tesla, that means another %100 increase in prices. Doesn't sound impossible to me considering the pump going on lately.

The only thing bothers me is the fees with small transactions. 

I agree.  Bitcoin was built with the potential to have market cap in the trillions.  Very interesting how it is going.

Why do we have to compare bitcoin market capitalization to net worth of the biggest companies in the world? What is the point?
Bitcoin is not business, nor a company. The closest term what we can call BTC  is 'a service'.
The truth is, Bitcoin is the unprecedented step of creating cryptographic money - every direct comparison to existing technology will be misleading.

That is a fair response, the real comparison is to traditional currencies and they have trillions.

[Silberman]

Bitcoin Market Cap passes 30 Billion.  Where to? $100 billion?

Why not?

TESLA is 53B$, Facebook is 435B$, Microsoft is 535B$, Apple is 799B$...

30B$ is no where big already. I think bitcoin has the potential to surpass facebook, microsoft and apple. That means we are still in its early phase. Even if we catch up with Tesla, that means another %100 increase in prices. Doesn't sound impossible to me considering the pump going on lately.

The only thing bothers me is the fees with small transactions. 

Good example. 100B$ is very achievable especially when bitcoin solves some problems and issues circulating them. With or without ETF approval bitcoin is heading there depending on its developments.

I think tesla itself is in a bubble, but bitcoin hasn't penetrated mainstream yet to reach the valuations of facebook, microsoft or apple. 100B$ is achievable but to sustain it we need to get closer to where those three internet companies are in terms of market penetration, right now most people have heard of bitcoin but only a minority have ever used it so the price is still not really secure.

Don't get me wrong I firmly believe we will get there relatively soon especially with all the good news coming out but I don't think it will be an easy or smooth ride there.

Good point, one of the biggest challenges for Bitcoin is massive user adoption.  Without more people coming aboard to use it, it could hamper the potential market cap.

I don’t really think that user adoption is a great challenge for bitcoin, it is going to happen eventually the greatest issue at the moment is how to make the fees cheaper and the confirmation of the transaction faster since without it there is not a way to get too much adoption.

[bitbob82]

Bitcoin Market Cap passes 30 Billion.  Where to? $100 billion?

Why not?

TESLA is 53B$, Facebook is 435B$, Microsoft is 535B$, Apple is 799B$...

30B$ is no where big already. I think bitcoin has the potential to surpass facebook, microsoft and apple. That means we are still in its early phase. Even if we catch up with Tesla, that means another %100 increase in prices. Doesn't sound impossible to me considering the pump going on lately.

The only thing bothers me is the fees with small transactions. 

I agree.  Bitcoin was built with the potential to have market cap in the trillions.  Very interesting how it is going.

Why do we have to compare bitcoin market capitalization to net worth of the biggest companies in the world? What is the point?
Bitcoin is not business, nor a company. The closest term what we can call BTC  is 'a service'.
The truth is, Bitcoin is the unprecedented step of creating cryptographic money - every direct comparison to existing technology will be misleading.

Well yeah you may be right about the concept of the bitcoin but the truth is that being a part of the global society we need to do so. How else could we have to show the strength of the Bitcoin to the world? When it comes to the currency the countries shows its strength but the bitcoin being a decentralized currency will be compared with the companies.