Why I think the crypto market will be worth about $6 trillion by 2019

[Rabblerah112]

Here's why I think $6 trillion is completely reasonable:
1. Wall Street hasn't jumped in yet.
2. Big business still has its toes in the water.
3. There's widespread and mainstream awareness,  but very little mainstream adoption.
4. We're going to see at least one governments currency collapse soon, with that nation switching to cryptos. That will begin a widespread acceptance of cryptos as legitimate.
5. The trend in the general population is anti central authority aka. big banks, governments, big corporations. Look at brexit, Trump, the rise of nationalism against the EU, etc.  Cryptocurrencies are the embodiment of anti authority and giving the people more control over their wealth.

With so many catalysts, a 10-12x growth for this market is definitely a possibility.

What do you all think?

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@charteroakpublic
- a Telegram channel dedicated to providing leaks from premium sources like Palm Beach Confidential and more.

[1715018286]

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[South Park]

Here's why I think $6 trillion is completely reasonable:
1. Wall Street hasn't jumped in yet.
2. Big business still has its toes in the water.
3. There's widespread and mainstream awareness,  but very little mainstream adoption.
4. We're going to see at least one governments currency collapse soon, with that nation switching to cryptos. That will begin a widespread acceptance of cryptos as legitimate.
5. The trend in the general population is anti central authority aka. big banks, governments, big corporations. Look at brexit, Trump, the rise of nationalism against the EU, etc.  Cryptocurrencies are the embodiment of anti authority and giving the people more control over their wealth.

With so many catalysts, a 10-12x growth for this market is definitely a possibility.

What do you all think?

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@charteroakpublic
- a Telegram channel dedicated to providing leaks from premium sources like Palm Beach Confidential and more.

I think your last two points are wrong, your fourth point is something we all know the current system is unsustainable, however the market is not rational if it was all the economy should have collapsed already so I do not know if we are going to see any collapse soon, and your fifth point is mistaken as well, centralization is all over the place but people do not see it, people use Facebook, Google and many other apps that have accesa to all their information and governments are becoming more centralized as well, so I do not see a decentralization trend at all.

[LuanX3]

Here's why I think $6 trillion is completely reasonable:
1. Wall Street hasn't jumped in yet.
2. Big business still has its toes in the water.
3. There's widespread and mainstream awareness,  but very little mainstream adoption.
4. We're going to see at least one governments currency collapse soon, with that nation switching to cryptos. That will begin a widespread acceptance of cryptos as legitimate.
5. The trend in the general population is anti central authority aka. big banks, governments, big corporations. Look at brexit, Trump, the rise of nationalism against the EU, etc.  Cryptocurrencies are the embodiment of anti authority and giving the people more control over their wealth.

With so many catalysts, a 10-12x growth for this market is definitely a possibility.

What do you all think?

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@charteroakpublic
- a Telegram channel dedicated to providing leaks from premium sources like Palm Beach Confidential and more.

Yes and no.

Yes, because the cryptocurrency market is indeed potentially worth that much. It could grow even higher than that. Prices have indeed grown by already more than x10 the past year (2017), so that is something to consider although since indeed there is not even 10% of the population that actually buys and uses crypto, there is indeed a lot of room for growth.

No, because wall street just follows where the money is at. That is not something sustainable. Let's all remember these are the guys that brought us the financial crisis years back. It's not like they are ethical enough to even prevent that from happening again. But let's do hope the new policies and laws around the world would prevent another financial crisis with cryptocurrencies being the "catalyst" for that event.

[serjent05]

Given the factor that only a small percentage of people knows cryptomarket, there is really a huge chance that it will grow to what OP is thinking, and further more, I believe it will even surpass this market capitalization.  Once country are able to regulate cryptocurrency and had adjusted its banking sytem / finance system to the trend of cryptocurrency, they will adopt it one by one thus creating more market for cryptocurrency.  with this factor alone (government accepting and regulating cryptocurrency) will definitely boost the market cap though, I am a bit hesitant if it will happen this 2019.

[spngebob]

Here's why I think $6 trillion is completely reasonable:
1. Wall Street hasn't jumped in yet.
2. Big business still has its toes in the water.
3. There's widespread and mainstream awareness,  but very little mainstream adoption.
4. We're going to see at least one governments currency collapse soon, with that nation switching to cryptos. That will begin a widespread acceptance of cryptos as legitimate.
5. The trend in the general population is anti central authority aka. big banks, governments, big corporations. Look at brexit, Trump, the rise of nationalism against the EU, etc.  Cryptocurrencies are the embodiment of anti authority and giving the people more control over their wealth.

With so many catalysts, a 10-12x growth for this market is definitely a possibility.

What do you all think?

I agree with 2, 3 and don't want to comment something I agree on.
I don't agree on 1 because you don't know that. I am pretty sure wall street has jumped in.
I don't agree with 4 either, local authorities won't let it happen.
5 - look how many people have invested in ripple. Take a look at exchange regulation. Anti central authority my ass, things you mentioned have nothing to do with crypto, it is politic.

[mostkey]

4. We're going to see at least one governments currency collapse soon, with that nation switching to cryptos. That will begin a widespread acceptance of cryptos as legitimate.

there is one thing that I think is impossible and unreasonable. the state will not let its currency be destroyed. because this we can see that the currency can be said as a symbol of a country. if the country does not have its own currency, the country will become weak economy and the state bank is unlikely to let this happen

[audaciousbeing]

Here's why I think $6 trillion is completely reasonable:
1. Wall Street hasn't jumped in yet.
2. Big business still has its toes in the water.
3. There's widespread and mainstream awareness,  but very little mainstream adoption.
4. We're going to see at least one governments currency collapse soon, with that nation switching to cryptos. That will begin a widespread acceptance of cryptos as legitimate.
5. The trend in the general population is anti central authority aka. big banks, governments, big corporations. Look at brexit, Trump, the rise of nationalism against the EU, etc.  Cryptocurrencies are the embodiment of anti authority and giving the people more control over their wealth.

With so many catalysts, a 10-12x growth for this market is definitely a possibility.

What do you all think?

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@charteroakpublic
- a Telegram channel dedicated to providing leaks from premium sources like Palm Beach Confidential and more.

You actually have some good point there and its something we can relate with but at the same time all of those things are happenings that are normal in the economic development of the world and a lot of things there can equally happen but rather than increasing the price of market capitalization, it could mean the end of bitcoin

One, when wall street enters the market as you have predicted, they come in with huge money which then give them some reasonable control which make the drive price to the direction they so wish. They can drive it to the point where they pull out and won't go up again. Stock market crash of 2008 is a lesson for all.

Again on your number 4 about seeing a currency crash which then means that bitcoin is the alternative, I guess that is thinking gone too far. Several years Greece battle with debt they didn't switch to bitcoin, Zimbabwe had the same issues but that didn't make them to switch it means there are several ways to solve a problem than one way you are looking at it.

[Hydrogen]

Here's why I think $6 trillion is completely reasonable:
1. Wall Street hasn't jumped in yet.
2. Big business still has its toes in the water.
3. There's widespread and mainstream awareness,  but very little mainstream adoption.
4. We're going to see at least one governments currency collapse soon, with that nation switching to cryptos. That will begin a widespread acceptance of cryptos as legitimate.
5. The trend in the general population is anti central authority aka. big banks, governments, big corporations. Look at brexit, Trump, the rise of nationalism against the EU, etc.  Cryptocurrencies are the embodiment of anti authority and giving the people more control over their wealth.

With so many catalysts, a 10-12x growth for this market is definitely a possibility.

What do you all think?

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@charteroakpublic
- a Telegram channel dedicated to providing leaks from premium sources like Palm Beach Confidential and more.

I'll try to add a few points.

6. According to polls, only 2% of americans have used bitcoin or a crypto currency. There is plenty of room for growth.

7. There was a statistic issued awhile ago where it was claimed the number of bitcoin users doubles every 12 months or so. It could be a developing metric similar to Moore's Law.

8. A stat was released earlier this year claiming coinbase has around 100,000 new sign ups per day which could indicate that crypto's userbase is constantly growing at a decent clip.

(If you want I can get you sources for all those points, although they should be easy to find via search engine)

[batang_bitcoin]

1. Wall Street hasn't jumped in yet.

They have jumped in already to spread lies and FUD about bitcoin. But there must be a personal interest on why they are doing that and one thing I guess, it's to buy at dip.

2. Big business still has its toes in the water.

I agree on this, bigger businesses haven't entered yet although there are some that are already in.

3. There's widespread and mainstream awareness,  but very little mainstream adoption.

Publicity whether it's good or bad it's still publicity so this awareness is nowhere to go but to full adoption.

4. We're going to see at least one governments currency collapse soon, with that nation switching to cryptos. That will begin a widespread acceptance of cryptos as legitimate.

I'm not sure about this, a government will not allow something decentralize to take over their currency.

5. The trend in the general population is anti central authority aka. big banks, governments, big corporations. Look at brexit, Trump, the rise of nationalism against the EU, etc.  Cryptocurrencies are the embodiment of anti authority and giving the people more control over their wealth.

Not in general.

These are only few things but there's more to come and I do believe that $6T in crypto market is peanuts.

[Forbiddenone]

I dont think so,i am expecting 2-3$ trillion market at max by the end.it is true that majority of tycoon and stock trader are seeing crypto more profitable and tax free asset that other assets.but still only few government has taken initiative to legalise crypto so we have to see what comes next.

[basilyoso]

Well not bad idea some corporations are starting to jump into crypto space. And yes we are still on a early stages of this industry Crypto world offers new and great technologies that other industries doesn't have. Once the mass adoption starts we can easily a spike in the total market capitalization but i don't agree to fully kick the paper money system and governments or else they will do everything to stop the crypto. I think it's much better if cryptocurrencies will be just an option.

[viollo]

Fine, but you only discussed the pros, it is hard to make predictions if you don't also consider the cons...

[BTCtrader9]

It definitely has the potential to reach that number and even higher if everything goes well, hint hint: Lightning network.

But we also need to consider the things which aren't doing very well at the moment,
The fees per transaction are similar to what wire transfer charges are.
Transfer takes few hours when it was supposed to be instant.
Complicated process to achieve crypto-currency and not suitable for non tech guys.

Lastly, unstable prices is good sign but only as long as it keeps increasing on regular basis.
Very frequent falls might prevent every day big businesses from using it.

[South Park]

Here's why I think $6 trillion is completely reasonable:
1. Wall Street hasn't jumped in yet.
2. Big business still has its toes in the water.
3. There's widespread and mainstream awareness,  but very little mainstream adoption.
4. We're going to see at least one governments currency collapse soon, with that nation switching to cryptos. That will begin a widespread acceptance of cryptos as legitimate.
5. The trend in the general population is anti central authority aka. big banks, governments, big corporations. Look at brexit, Trump, the rise of nationalism against the EU, etc.  Cryptocurrencies are the embodiment of anti authority and giving the people more control over their wealth.

With so many catalysts, a 10-12x growth for this market is definitely a possibility.

What do you all think?

-
-
-
-
@charteroakpublic
- a Telegram channel dedicated to providing leaks from premium sources like Palm Beach Confidential and more.

Yes and no.

Yes, because the cryptocurrency market is indeed potentially worth that much. It could grow even higher than that. Prices have indeed grown by already more than x10 the past year (2017), so that is something to consider although since indeed there is not even 10% of the population that actually buys and uses crypto, there is indeed a lot of room for growth.

No, because wall street just follows where the money is at. That is not something sustainable. Let's all remember these are the guys that brought us the financial crisis years back. It's not like they are ethical enough to even prevent that from happening again. But let's do hope the new policies and laws around the world would prevent another financial crisis with cryptocurrencies being the "catalyst" for that event.

People blame wall street for the economic crisis and the housing bubble but lets be frank a crisis of that size cannot happen just because the bankers were greedy it was the fault of all society, the governments kept the interest rates too low this created cheap credit and everyone was spending more than what they afford, banks gave credit to almost anyone that is true, but people were dumb enough to sign the papers thinking they could somehow afford a house.

[HeRetiK]

Here's why I think $6 trillion is completely reasonable:
1. Wall Street hasn't jumped in yet.

Not sure about that, it does seem like parts of Wall Street already have skin in the game. However institutional investors are still missing. I don't expect them to enter the market until the market cap and price stability has increased though. Once they're in we would have a pretty solid price base.

2. Big business still has its toes in the water.
3. There's widespread and mainstream awareness,  but very little mainstream adoption.

Fully agreed.

4. We're going to see at least one governments currency collapse soon, with that nation switching to cryptos. That will begin a widespread acceptance of cryptos as legitimate.

I don't see this happening anytime soon. Government currency collapse maybe, but I think an official switch to cryptos is rather unlikely. I could see unofficial use of cryptocurrencies by the general populace though, however not until transaction fees have been curbed by improved scalability.

5. The trend in the general population is anti central authority aka. big banks, governments, big corporations. Look at brexit, Trump, the rise of nationalism against the EU, etc.  Cryptocurrencies are the embodiment of anti authority and giving the people more control over their wealth. [...]

Voting for Trump to fight the establishment is like buying into Ripple as a cryptocurrency. It may seem like a good idea to some, but is ultimately a misled approach at solving a misunderstood problem.

Personal convictions aside, I see very little anti authoritarian and decentralized thinking in the world. Otherwise people would actually move away from all the central authorities that dominate their lifes instead of complaining about politics by posting on Facebook from their iPhones that they paid for with their VISA when they bought it from Amazon. If anything the rise of nationalism has shown that the world has become more conservative and protectionist.

[gantez]

Op's number (4) seem like an item that will lead to a financial revolution if it happens especially to the international currencies, for instance dollar. Otherwise , some fiat have already collapsed for long and dont worth much.

[Tenderino]

It habitually happens that government's currency collapses, so that is nothing new and special. But do you think they will use the independent and decentralized already available crypto currencies or do you think they will introduce their own one? I think they will introduce their own one, but it will surely lead to more awareness about crypto currencies in general.

[pinkflower]

There are many so called "experts" who come to cryptocurrency and blockchain who make a fool of themselves. Not saying that Rabblerah112 is one of them, but you have to question all these newbs coming in here and opens a thread telling everyone what he "thinks", which in Rabblerah112's post looks like it was copied somewhere.

[mashort]

i generally tend not to listen to experts' on crypto. more optimistic of the developer team.

[Carmen01]

We need this modern digital money in life that's why the price will be high in the future because the knowledge about it is we need and we can earn also at the same time so this will be popular all around the world in the future,i think the price of it if this will continue are going really high soon but we can't predict that because it's so hard to speculate this.