Does Bitcoin have what it takes to become a trillion dollar industry?

[chickenfried12]

With the support of factories and companies, it is necessary to support the formation of an even bigger network of companies and to make it easier for people to benefit from it. As long as the states support me, companies and technology make investments accordingly

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[Kprawn]

If you look at Google trends, then it seems as though Bitcoin users double every 12 months. { not a very accurate measure,

but a good indication that it is a growing trend } ...Now imagine if the Gold price fall for some reason and those investors

decide to invest in Bitcoin to hedge or protect their wealth. https://www.jmbullion.com/bitcoin-vs-gold-infographic/ ... The

same thing will happen, if investors in other commodities starts to shift some funds into Bitcoin. I think it is very possible

that we might some day see a $50 000 or $100 000 bitcoin price. 

[streazight]

Right now bitcoins is a billion dollar industry based on the price per bitcoin and the current number of bitcoins which are out there. However in order for bitcoins to become a trillion dollar industry once the maximum of 21,000,000 bitcoins have been released, the price of bitcoins will need to rise to $50,000 a piece. Do you guys believe that it can happen and that bitcoins can become a multi-trillion dollar industry.

And if you don't believe it can happen do you believe the value of all cryto-currencies combined can make it happen because litecoins are already a multi-million dollar industry and so are a few others I believe.

It is easily possible and I am so much looking forward to that day. How sweet will it be? So far, it is possible bitcoin has the great potential of becoming a trillion dollar industry in matter of years.

The market cap is still growing and it will keep growing as time goes on when we start having huge adoption from so many potential users and countries. But before reaching that point? It is going to take some time even if it eventually does.

[clrpod]

It depends if you mean simply the industry or the market cap of bitcoin. The industry could be more than just the market cap, for example businesses who make money via bitcoin.

[salmanahmedone]

Right now bitcoins is a billion dollar industry based on the price per bitcoin and the current number of bitcoins which are out there. However in order for bitcoins to become a trillion dollar industry once the maximum of 21,000,000 bitcoins have been released, the price of bitcoins will need to rise to $50,000 a piece. Do you guys believe that it can happen and that bitcoins can become a multi-trillion dollar industry.

And if you don't believe it can happen do you believe the value of all cryto-currencies combined can make it happen because litecoins are already a multi-million dollar industry and so are a few others I believe.

Maybe not, but I am pretty sure that overall, lifetime sales should be over a trillion, for the whole four years. Mostly the last 3. Daily and yearly numbers are something I need to look up, but if you consider that for a quarter, which is usually the way that you used the term, we may be close.

[kimochidesh]

Bitcoin users are increasing day by day......still most of the people are not aware of this crypto market. So the potential of crypto-market is way more than today market cap. I believe bitcoin will grow very rapidly in next few months/years. Though legal status of Bitcoin is not clear, it demoralizes investors to invest in crypto-world. Let's hope it reaches to $10,000 in next few years.

[KEPLER99]

It depends if you mean simply the industry or the market cap of bitcoin. The industry could be more than just the market cap, for example businesses who make money via bitcoin.

Upcoming era is of bitcoin and nobody will stop the way of bitcoin to progress more and more, and hat day will be no far that it will become so valuable that people will wish to earn a smallest part of it trillion is bit small value against the bitcoin now it is progressing rapidly it will take no time to reach its destination value.

[mozillaspez]

It depends if you mean simply the industry or the market cap of bitcoin. The industry could be more than just the market cap, for example businesses who make money via bitcoin.

Upcoming era is of bitcoin and nobody will stop the way of bitcoin to progress more and more, and hat day will be no far that it will become so valuable that people will wish to earn a smallest part of it trillion is bit small value against the bitcoin now it is progressing rapidly it will take no time to reach its destination value.

Yes you right upcomeing  era is of bitcoin and noboday can stop the of bitcoin .bitcoin parfroming high and worldwide people demanding high they need to want bitcoin make a big and biggest currency in all world anyone want to earn in bitcoin

[Kingofbitcoin12345]

My guess is as good as anyone's, I hope it does, that would be nice.


Guess, we'll have to wait and see.

That is totally correct.. We all want that to happen and mostly are predicting that in 5 years from now those will become reality.. But assuming it does happen,, do we have a amount holds bitcoin to be exchange when prices be huge.. Mostly of us don’t have because we do live for daily survival and that means we sold bitcoin to bought our needs..