Cryptocurrency Market Capitalization To Reach $20 Trillion, Michael Novogratz

[Owlt market]

Billionaire investors and hedge fund manager Michael Novograt, who has been among the early supporters of cryptocurrencies and the Bitcoin movement said at the Bloomberg Invest Summit in New York that the cryptocurrency market might hit $20 trillion dollars’ market capitalization. We have for you here the latest cryptocurrency news.

https://www.owltmarket.com/cryptocurrency-market-capitalization-to-reach-20-trillion-michael-novogratz/

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[avikz]

As on date, the crypto market capitalization is 297 billions USD and moving towards 298 billion. To reach even one trillion dollars market cap, we need another 703 billions of USD, which is almost threefold than the current market value. Even though I sincerely want this to happen, I don't see it coming anytime soon.

Earlier we have reached around 800 billion market cap during late 2017 when the crypto bull tun was ongoing. but we could not reach a trillion. 20 trillion USD looks like an astronomical number to me. Not trying to discourage anyone but this number is an over estimation.

[Vanes_brz]

today, the capitalization of cryptocurrencies is very small.. there is much to grow, but I do not think that growth will be fast..

[aleksnutis]

To capitalize the cryptocurrencys has become more than 1 trillion it is necessary that the products of companies begin to work and be used in real life. Except to the etherium not a single cryptocurrency works (I'm not talking about other platforms, because they are all raw). Is not enough only hype. I don't believe that large funds will buy a cryptocurrency that doesn't have a working product.

[Thecoingraph]

Also Reported by Thecoingraph  Cryptocurrency marketcap will be $20 Trillion: Says Mike Novogratz

[samiraetn]

I believe that this is a highly positive symbol towards the market. People are getting involved with the crypto market. And they are mainly responsible for the rise of capitalization value. I hope it will continue and exceed the expected value of Michael Novogratz.

[Red-Apple]

another market cap bullshit once again!

yes the total market capitalization will not only reach $20 trillion but also will go a lot higher than that be cause it is too easy to produce coins which don't even have to be in circulation.
you can literary click a button and increase the total market cap by $1 billion at a time. do that 100 times and you have $100 billion added. pump some shitcoin with huge supply and you get the same effects. do it for 1700 shitcoins and you get the bloated total market cap.

[dothebeats]

$1-T is already a difficult range and giving out $20-T market cap? That ain't gonna happen unless a severe hyperinflation happens with the USD. For now, people and giant companies see that bitcoin and other crypto is ripe for the profit picking, but when the fad wanes and people move into a different asset class, crypto will die out if it didn't reach any form of widespread adoption or practical use for people. Assuming that crypto becomes successful in the coming years, the global financial system would be deeply vested on crypto and everyone will bank on it, which I think isn't going to happen given the monetary laws and financial regulations a nation must make/do in order to keep economic stability. $20-T is like the total amount of circulating money in the current times, and even if you count decades on the calendar, $20-T total market cap for crypto isn't going to happen.

[pikebu]

Billionaire investors and hedge fund manager Michael Novograt, who has been among the early supporters of cryptocurrencies and the Bitcoin movement said at the Bloomberg Invest Summit in New York that the cryptocurrency market might hit $20 trillion dollars’ market capitalization. We have for you here the latest cryptocurrency news.

https://www.owltmarket.com/cryptocurrency-market-capitalization-to-reach-20-trillion-michael-novogratz/

That's good analysis of bitcoin i think price of bitcoin will be more rise than right now, so we have good chance to getting large of money by just buy and holding until the cryptocurrencies market capitalization to reach $20 trilions. In long time cryptocurrencies are up trend and any industry related with cryptocurrencies is up trend too for long time investment. But however it is just still prediction will be safe to short term investment and getting profit  in trading.

[dutchkay]

That's actually a huge market cap, 20 trillion is quite big but I don't think am seeing that happening soon. But one thing I know is that building up a market cap in crypto is piece of cake and before you know it huge cap are all really met. Let's just be positive and sees what will happen towards the year end.

[franky1]

market cap is a meaningless number

there are not $20trillion dollars held in bank accounts to back the market.
anyone promoting market cap has no economic knowledge and definetly does not understand how the bitcoin market works


i could make a coin tomorrow with 30 trillion supply.. sell one coin for $1 and BAM! instant $30trillion market cap.. yet only $1 in the bank
think about it!

[VitKoyn]

Billionaire investors and hedge fund manager Michael Novograt, who has been among the early supporters of cryptocurrencies and the Bitcoin movement said at the Bloomberg Invest Summit in New York that the cryptocurrency market might hit $20 trillion dollars’ market capitalization. We have for you here the latest cryptocurrency news.

https://www.owltmarket.com/cryptocurrency-market-capitalization-to-reach-20-trillion-michael-novogratz/

Again another price prediction, that really has no proof. I'm not saying that it is impossible for cryptocurrency market to reach this market capitalization but it is not that easy to happen and it may take years especially with a highly volatile market where people always sell when there's a FUD or when a huge price increase happened. And I'm also not surprised that Michael Novograt said this, it is because he is a cryptocurrency investor and he wants more people to get involved on investing in cryptocurrencies so that he can make huge profit easily. We have seen a lot of influenced personality do this like John Mcafee.

[Missterio]

The market will grow this is only a matter of time

[thereactor334]

Invest on LEDU token now I believe it has the potential go up...and LEDU token or Education Ecosystem (LiveEdu) is a decentralized learning ecosystem that teaches people how to build complete products in future technological fields.

[meandmrjones]

Billionaire investors and hedge fund manager Michael Novograt, who has been among the early supporters of cryptocurrencies and the Bitcoin movement said at the Bloomberg Invest Summit in New York that the cryptocurrency market might hit $20 trillion dollars’ market capitalization. We have for you here the latest cryptocurrency news.

https://www.owltmarket.com/cryptocurrency-market-capitalization-to-reach-20-trillion-michael-novogratz/

lol, probably a late adopter who entered in the bull season and had a big loss...

He thinks he can manipulate the market and recover his losses.

Welcome to the bloodbath billionaire 

[cryptohunter]

20 zillion zillion zillion zillion zillion

with people able to produce a billion tokens and sell a few to insiders back and forth for 50 bucks each  then there is no real limit you can imagine for the market cap

market cap is a joke

[peter0425]

Billionaire investors and hedge fund manager Michael Novograt, who has been among the early supporters of cryptocurrencies and the Bitcoin movement said at the Bloomberg Invest Summit in New York that the cryptocurrency market might hit $20 trillion dollars’ market capitalization. We have for you here the latest cryptocurrency news.

https://www.owltmarket.com/cryptocurrency-market-capitalization-to-reach-20-trillion-michael-novogratz/

I don't know mate, but it looks I'm getting tired of Mike very bullish prediction about bitcoin because its always a missed. It seems that when he always open his mouth and says this and that, the market will go on the opposite. hahaha. So I guess there's no really experts on this fields as we all know that its based on speculation. And market cap is totally irrelevant specially with a lot of altcoins being just a pump-and-dump scheme. But $20 Trillion? where are all that money will be coming from?

[bman01]

It may hit 20 trillion some day but where we are now it seems to be much far to reach that level. I hope and expect this to happen soon but reality says something else. Lets just be positive and wait.

[Musstang]

Billionaire investors and hedge fund manager Michael Novograt, who has been among the early supporters of cryptocurrencies and the Bitcoin movement said at the Bloomberg Invest Summit in New York that the cryptocurrency market might hit $20 trillion dollars’ market capitalization. We have for you here the latest cryptocurrency news.

https://www.owltmarket.com/cryptocurrency-market-capitalization-to-reach-20-trillion-michael-novogratz/

Perhaps we are at the very beginning of the development of the crypto currency and do not even know what it all can lead to. I think that 20 trillion is possible but not in the next decade. Let's hope this happens!

[GaryGadoot]

Crypto currency is the largest digital coin base market in the world. Many people are connecting with this market. In crypto market government have no control. From my perspective i think crypto market will become more popular among the people.