[2018-6-24]Cardano Co-Founder: Wall Street Will Bring ‘Tens of Trillions of. . .

[anamie]

The intersection of cryptocurrency and Wall Street has been welcomed by those who also see a potential influx in capital. In mid-May, cryptocurrency wallet and exchange Coinbase released a new suite of products designed to attract institutional investors by relieving security and regulatory compliance concerns. Speaking about the product release, the VP of Coinbase referred to “$10 billion” of Wall Street money that now had the potential to enter the market.

The “trillion” value has also been bandied around before, as Dan Morehead, CEO of $1 billion crypto hedge fund Pantera Capital said in April that a $40 trillion crypto market is possible, in part due to Wall Street’s increasing interest in clearing crypto trades.
Readmore: https://cointelegraph.com/news/cardano-co-founder-wall-street-will-bring-tens-of-trillions-of-dollars-to-crypto

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[Coffee135]

I've heard many complaints about Coinbase. Maybe they lose a small user and want to attract the capital of large investors on wall street. But I am not sure that attracting large capital will benefit the entire cryptocurrency community. I think that this will increase the uneven distribution of coins among users and further facilitate the possibility of manipulation in the market.

[milewilda]

I've heard many complaints about Coinbase. Maybe they lose a small user and want to attract the capital of large investors on wall street. But I am not sure that attracting large capital will benefit the entire cryptocurrency community. I think that this will increase the uneven distribution of coins among users and further facilitate the possibility of manipulation in the market.

What we would expect? Manipulation would always there if certain thing would just focus on single thing. It wont really affect the market too much when we do say 10's of billions but its an another story when we do already talk about trillions when it comes to overall cap but somehow im already tired on hearing those news or rumors about that one and only time can tell if it would happen such transition of traditional investors to crypto thingy.

[bbc.reporter]

Good news but meanwhile everything is tumbling down, thanks to the FUD and the investors who are easily manipulated by them hehe. It is very hard to trust anyone's bullishness in times of a bear market.

[davis196]

"40 trillion USD crypto market is possible"What a joke...
It`s possible only if 1 billion people from the rich countries start using cryptocurrencies every day to buy food and pay the bills.I don`t see this coming in the next 100 years.Maybe in the next century, our children will use crypto everyday.

[Betwrong]

"40 trillion USD crypto market is possible"What a joke...
It`s possible only if 1 billion people from the rich countries start using cryptocurrencies every day to buy food and pay the bills.I don`t see this coming in the next 100 years.Maybe in the next century, our children will use crypto everyday.

He said it's possible in 10 years and I agree with him on that. There are from $60 trillion to $75 trillion of all money in the world today. If in 10 years half of that amount will be in crypto then we'll be close that figure. Who could predict the $258 billion in crypto, which we have now, 10 years ago? The pace of changes has been rising exponentially these days, so I wouldn't argue on what can be possible in 10 years, although I wouldn't be sure in that either.

[freedomno1]

It is achievable the market growth over the first decade is significant enough to see the utilization of blockchain technologies reach that potential.
We are entering a whole new world after all and building it as we speak and were at or nearing peak bearishness at this point.
Well lets see how the second decade goes if it's like the first it will be phenomenal.

[stomachgrowls]

"40 trillion USD crypto market is possible"What a joke...
It`s possible only if 1 billion people from the rich countries start using cryptocurrencies every day to buy food and pay the bills.I don`t see this coming in the next 100 years.Maybe in the next century, our children will use crypto everyday.

He said it's possible in 10 years and I agree with him on that. There are from $60 trillion to $75 trillion of all money in the world today. If in 10 years half of that amount will be in crypto then we'll be close that figure. Who could predict the $258 billion in crypto, which we have now, 10 years ago? The pace of changes has been rising exponentially these days, so I wouldn't argue on what can be possible in 10 years, although I wouldn't be sure in that either.

We didnt even expect for crypto overall cap to reach this high which do involves billions of dollars and its really an unexpected thing for a digital currency to reach up this high.Anything is possible but if we do base up on the current things that do happen on cryptocurrencies specially with government related matters we would say 10 years time wont really be enough. There would be still lots of negotiations and arguments would be done until we reach up that point.

[Betwrong]

"40 trillion USD crypto market is possible"What a joke...
It`s possible only if 1 billion people from the rich countries start using cryptocurrencies every day to buy food and pay the bills.I don`t see this coming in the next 100 years.Maybe in the next century, our children will use crypto everyday.

He said it's possible in 10 years and I agree with him on that. There are from $60 trillion to $75 trillion of all money in the world today. If in 10 years half of that amount will be in crypto then we'll be close that figure. Who could predict the $258 billion in crypto, which we have now, 10 years ago? The pace of changes has been rising exponentially these days, so I wouldn't argue on what can be possible in 10 years, although I wouldn't be sure in that either.

We didnt even expect for crypto overall cap to reach this high which do involves billions of dollars and its really an unexpected thing for a digital currency to reach up this high.Anything is possible but if we do base up on the current things that do happen on cryptocurrencies specially with government related matters we would say 10 years time wont really be enough. There would be still lots of negotiations and arguments would be done until we reach up that point.

I can't understand your logic. If in 10 years we've reached something which wasn't at all expected, why can't we reach something unexpected in the next 10 years? And what's wrong with government related matters in your opinion? I don't know if you are aware of this, but governments have becoming more and more crypto friendly in these latter days, so we have all the rights to hope for the better.

[darkangel11]

It can end up going much faster than we're expecting. Take a look at the charts of some tech giants like Apple. If we compare their early years to BTC, we'll come up with a conclusion that they had some bull and bear trends, much like we do, but compared to the time when the world got crazy about them and their stocks exploded those early years of climbs and falls started to look flat on the charts. I believe that this is where we are now with cryptocurrencies. We see those big jumps on the charts, but look how small the 2013 pump is compared to 2017. 2017 is going to look like that compared to what's coming.

[squatter]

"40 trillion USD crypto market is possible"What a joke...
It`s possible only if 1 billion people from the rich countries start using cryptocurrencies every day to buy food and pay the bills.I don`t see this coming in the next 100 years.Maybe in the next century, our children will use crypto everyday.

Nope, not really. It's true that for an asset to retain value, there must exist transaction liquidity and volume -- people need to use it. But beyond some basic threshold of network liquidity (which is surely less than 1 billion people), that's a tertiary concern.

The primary factors are supply and demand -- there are two sides to that equation. We don't need 1 billion people demanding cryptocurrency for basic spending; we just need demand that overtakes supply. And demand is measured in $$, not people. If BTC owners stop selling, price will rise. If BTC becomes increasingly accepted by the mainstream as a store-of-value asset, institutional demand may skyrocket as BTC owners restrict their coins from market. You might be surprised at how fast price can rise under these conditions.

[Raja_MBZ]

"40 trillion USD crypto market is possible"What a joke...

Who could predict the $258 billion in crypto, which we have now, 10 years ago?

2012: $0.1 billion
2013: $1 billion
2016: $10 billion
2017: $100 billion
...
$40,000 billion doesn't look impossible in any way.

[felixesteban]

''$40 trillion crypto market is possible'' I want to believe this but I can't imagine how much bitcoin would cost if this happens. But to be realist, it seems very difficult. After 4-5 years, maybe, it may be possible.

[veleten]

yes,create the problem-offer solution ,the good old trick
first they add unneccessary regulations,then they "alleviate" them
in the grand cheme of things 10 billion sounds like alot of money,yet it is just 10% of bitcoin capitalisation total
and it is nothing but a wishful thinking from one of the crypto enthusiasts just yet
I have no love for Coinbase,but I guess if they are able to attract this sort of money and its the only platform that is capable of such a feat,then it is a good thing

[nutildah]

Cardano has the highest market cap for the least utilized coin, ever.

Don't believe me? Take a look at its block explorer. Empty block after empty block.

https://cardanoexplorer.com/

Literally nobody's using it for anything.

If he means an exponentially bigger amount of speculation-based money will flow into crypto, as it did with Cardano, then perhaps he's right.

In the mean time, Cardano is looking more and more like a scam with each passing day.