The numbers makes sense, but some thumb suck percentages are being used :
~ •Bitcoin
could make up 10 percent of the $5 trillion average daily volume in the foreign exchange market in 10 years.
~ •Its market capitalization
could grow to $1.75 trillion which would make each bitcoin worth $100,000.
This would mean that $175 billion worth of bitcoin would be traded every day. This sounds a bit crazy at the moment.
There are some optimistic percentages and figures being thrown around, but the calculations are sound. Let's hope this one is spot on too, I
would consider early retirement if that happens.
It seems to me that four years ago people were also skeptical about bold forecasts. Bitcoin has become very popular over this time, so we can not know what will happen in the next few years.
This is exactly right. Since I first read about bitcoin on Slashdot in July 2010, every prediction has been:
1. that $<whatever> ($0.10, $1, $10, $30, $100, $300, $1000 ...) is a bubble;
2. it is unsustainable and will crash;
3. $<whatever price higher than today> will never happen;
4. it is "tulips";
5. Not to mention the ridiculous "I'll just duplicate my wallet.dat and double my coins";
6. "<2010, 2011, 2012,2013, 2014, 2014, 2015, 2016> is too late, we're not early adopters".
Admittedly at some point this will be true - bitcoin will stop growing, but if scaling is fixed and segwit is activated the growth will then be huge. An order of magnitude or two (or three?) worth of growth. With scripting versions in segwit, it opens lots of opportunities for reenabling opcodes that were disabled years ago which opens the doors to many, many uses all backed by the block chain. Ditto lightning. Ditto a 2MB (or more) legacy block size non-witness increase. Ditto sidechains.
The potential has and continues to be there if features are enabled.