Will Bitcoin hit a trillion dollar marketcap in the future?

[Abiky]

no it hasn't been.
the main bulk of the decline happened during December last year and continued until February (3 months) and basically ever since June, drop has not been happening. we have been stuck at the bottom which is around $6k.

It's been around $6k, but I believe that it's still a drop compared to last year's ATH. Perhaps, by the end of the year, we would be able to see Bitcoin reach $10k, but it will all depend on the level of demand it would experience during the upcoming months. The approval of the Bitcoin ETF might save it, but if it gets rejected by the SEC, then another decline in price might occur. Nonetheless, the future looks bright for Bitcoin as it reaches a valuation of $55k and above.

it is mainly the result of the $20k bubble burst followed by FUD, panic and manipulation.

Yes. That's the usual behavior of the crypto market, and Bitcoin is the most negatively impacted cryptocurrency out there (since it's the leading cryptocurrency in the world). However, every time there's positive news from governments, latest Bitcoin developments, and more, the price of the pioneer cryptocurrency starts to rise. Given the huge volatility out there, it's survival of the fittest.

it will become more valuable in the future because it has limited supply and it is useful so its adoption (aka demand) is increasing, otherwise having limited supply means nothing without an increasing demand. that is why bitcoin is rising while other altcoins with similar design are falling.

Agree. Bitcoin has true uses for the mainstream world, and it's limited by design. Even if other altcoins have managed to stay ahead in terms of speeds and low costs, Bitcoin is still the leader since it's trusted by many people worldwide. Every cryptocurrency depends on Bitcoin to grow in the mainstream world. Hence, if Bitcoin falls in price, other alts fall too because they're dependent on it. Probably by the next BTC halving, we would be able to see higher prices than usual.

why use market cap? why not just talk about price which has actual meaning?
you are talking about a price around $55,000, you see now it has a much better meaning than $1 trillion market cap. and it will happen in 2020 tops and it is possible that it happens mid 2019.

I believe that it's much better to speculate on Bitcoin's future market cap, than its pricing as it's a very volatile cryptocurrency. There's no doubt that it will reach a Trillion Dollar market cap, but the real question is when that will really happen. No one can answer this, because Bitcoin's valuation is uncertain, but with real demand and serious investors joining in the fun, it could reach a Trillion Dollar market cap and beyond.

A Trillion Dollar market cap is easily achievable if large Stock Markets allow Bitcoin to be traded as a Commodity or even if one of the large ecommerce sites starts to accept Bitcoin as a payment option. <Example : eBay / Amazon>

One Killer application can even push us into a Trillion Dollar market cap, under the right circumstances or if one of the large franchise like Mc Donalds or KFC start to accept Bitcoin as a payment method. 

That's certainly true, mate. Mainstream businesses and stock markets would need to adopt Bitcoin before it could reach higher prices than its last ATH. I would be surprised to see if a fast food restaurant such as KFC or Burger King accept Bitcoin for payments. It would certainly bring a lot of attention to people in the mainstream world as they become curious to know what Bitcoin does and what benefit it gives to them. After that, you'll see demand rising across the cryptocurrency market, since everyone would love to own a piece of the cake (in this case Bitcoin).

However, this may take a few years before it becomes a reality since Bitcoin is not ready yet to handle all of the world's payments. With the Lightning Network, you could expect these things to happen and much more.

[giantrobot]

Billions of dollars? I think you have been thinking too far. Bitcoin is not even back to last year's price - the highest price. Even the Bitcoin price is about $ 50,000 I have not imagined.
Bitcoin prices will be high, this is what investors want, but not so high. Do you know the negative impact on the price of a currency?
If possible, I wish Bitcoin was somewhere around $ 100,000, that's my dream. $ 1 billion is too far away.

[Osayo]

Bitcoin has been on a constant decline in value ever since 2018 started. Most say it has been a result of government regulations, others say that whales are manipulating the market, and some say that it's the result of FUD within the cryptocurrency markets. However, given that Bitcoin was designed to be scarce or limited in supply, it could become much more valuable in the future.

Nevertheless, do you think Bitcoin will hit a trillion-dollar marketcap in the future? How far do you think this is from becoming a reality? I would like to know your thoughts about this.

It is very possible of course. The current market cap is just about 230 billion dollars and Bitcoin already holds over 45% of it which could be over 100 Billion dollars. If Bitcoin increases by 1000% which is still very possible in future, then it will hit a trillion market cap.

[pooya87]

The approval of the Bitcoin ETF might save it, but if it gets rejected by the SEC, then another decline in price might occur.

bitcoin doesn't need "saving", specially by something such as a centralized and limited to one country ETF issued in US!
in my opinion ETF is just going to be a short term drama, whether it is accepted or rejected.

I believe that it's much better to speculate on Bitcoin's future market cap, than its pricing as it's a very volatile cryptocurrency.

well market cap is Price * Supply. and supply is increasing with a fixed rate so if price is volatile market cap is also volatile so your reasoning is not good enough.

[Sadlife]

I doubt that it will happen faster i guess it will take more time as the price is having a huge price correction and is in decline since the start of the year because of some whales selling their crypto's and cashing out and some group of cartels manipulating the price through exchanges and hacks they hide it. Plus regulations from countries.

[w4nv3n]

whatever happens, whatever obstacles remain in the spirit of crypto, mining, and always optimism, warm greetings

[h0lybyte]

According to market analysis, the supply of bitcoin will get decrease by 2020 and due to shortage in supply, it is expected that bitcoin will hit more than a trillion dollar market cap.
That's the reason why traders estimate the price of bitcoin will hit $100k in 2021 and i am sure we will see that day

[Nhebu]

we are already on the rise. it doesn't look like it at this point because you the price shooting up every couple of days but this is the ground floor of the rises to come. and the prices like $50k are nothing for bitcoin really. by the end of this year we should be above $12k because that is the value of bitcoin by then and by the end of 2019 value of bitcoin is going to be at least $35k and these are only the bottom prices that bitcoin should hit. realistically speaking price is always higher than these minimums.

Definitely the market is recovering today but eventhough it will rising up, trillion dollar market cap will not be reached in this year. Maybe because we are just suffering the beginning of the bull run and the price standby on 6900 to 7k dollars. Therefore, it takes few more days or weeks before bull run starts and the year has come to end.

[rollingstorm45]

apparently not, if it refers to the total supply and also the amount of economy in the bitcoin community, the total marketcap will not reach trillions of dollars, maybe only half of it is 1 trillion
it would be better if we just wait, what will happen in the next 3 years, because soon bitcoin will soon shake the world

[Phan Long]

We are researchers and owns Bitcoin. Of course we have to hope that the price of Bitcoin can be much higher, which will benefit us. However, I think Bitcoin can only go up to $ 1 million. You think, the price on the market depends on the supply-demand, you think who will buy Bitcoin for $ 1 billion?

[ATM9807]

Bitcoin is not decreasing in 2018, there is no way up's and down will not happen in the market but I don't think has really affect much this year, btc has started increasing and i believe it will go higher to 55k by or before 2021

[PRIMEBOSS]

every thing is possible in the crypto as i was watching crypto for more than six months now i realize that bitcoin market is growing and it's volume is good enough while it will achieve a trillion dollar market cap.

[developer101dev]

Bitcoin has been on a constant decline in value ever since 2018 started. Most say it has been a result of government regulations, others say that whales are manipulating the market, and some say that it's the result of FUD within the cryptocurrency markets. However, given that Bitcoin was designed to be scarce or limited in supply, it could become much more valuable in the future.

Nevertheless, do you think Bitcoin will hit a trillion-dollar marketcap in the future? How far do you think this is from becoming a reality? I would like to know your thoughts about this.

Bitcoins reaching trillion dollars is possible but it really takes a lot of time for that to happen since the market is always volatile and you will never determine when it was going to pump or dump.

[timerland]

Bitcoin has been on a constant decline in value ever since 2018 started. Most say it has been a result of government regulations, others say that whales are manipulating the market, and some say that it's the result of FUD within the cryptocurrency markets. However, given that Bitcoin was designed to be scarce or limited in supply, it could become much more valuable in the future.

Nevertheless, do you think Bitcoin will hit a trillion-dollar marketcap in the future? How far do you think this is from becoming a reality? I would like to know your thoughts about this.

If given no time constraints, it will happen without a doubt some time in the future. Whether this be a few years or perhaps even a few decades though, no one knows.

It's really just a matter of time, to be honest.

The logic behind this is simple. Growing adoption + depreciation of fiat will lead to prices continually going up in the long run without fail. There may not even be many bullish events that lead to a trillion dollar market cap. Though, if such high prices are reflective of the fact that fiat has inflated beyond imagination, the "real" value (as opposed to nominal) of each bitcoin may not necessarily change or appreciate as much as its nominal value.

[arsenti]

Without a doubt it will hit 1 trillion. Bitcoin or the Crypto currency market never reached a marketcap above 1 Trillion. When the dotcom bubble was bursting, the new economy market has reached 10 trillion. We are so early days, we didn‘t even start to cross the casm if that term says something to. Otherwise research it.

[weblouartisan]

Without a doubt it will hit 1 trillion. Bitcoin or the Crypto currency market never reached a marketcap above 1 Trillion. When the dotcom bubble was bursting, the new economy market has reached 10 trillion. We are so early days, we didn‘t even start to cross the casm if that term says something to. Otherwise research it.

Hitting 1 trillion is possible but that will be after 10 to 20 years before it will happen since the highest price of bitcoins today is just $19k dollars in the market.

[1Referee]

Hitting 1 trillion is possible but that will be after 10 to 20 years before it will happen since the highest price of bitcoins today is just $19k dollars in the market.

By the time Bitcoin's total supply touches 18 million (which will happen in the next 14'ish months), the price "only" needs to reach ~$55,555 in order to touch a $1 trillion market cap.

I'm pretty confident that we'll get it done within five years as the next crazy ass bull run will surely offer a helping hand. But as always, Bitcoin reaching x levels isn't a problem; the main obstacle always is maintaining higher price levels for a longer period of time. Bitcoin always corrects with 75% on average after every x10/20 bull run, so we'll have to see if institutional capital will help to significantly reduce these post bull run corrections.

Either way, accumulate as many coins as possible on the way down right now, and you'll be a whole lot more excited when we do hit that $1 trillion milestone.

[el kaka22]

Bitcoin has been on a constant decline in value ever since 2018 started. Most say it has been a result of government regulations, others say that whales are manipulating the market, and some say that it's the result of FUD within the cryptocurrency markets. However, given that Bitcoin was designed to be scarce or limited in supply, it could become much more valuable in the future.

Nevertheless, do you think Bitcoin will hit a trillion-dollar marketcap in the future? How far do you think this is from becoming a reality? I would like to know your thoughts about this.

I believe it can definitely, I mean we know that hitting trillion dollar marketcap for all coins together is not a surprise it can be done with a bull run however bitcoin itself hitting would be a real newsworthy big deal.

I think back when all cryptocurrency market hit the one trillion market the world was not prepared for it, when it happens next the world will be watching, back than most people just either "heard about it" or "checked it out" but none of them were really "in the market" this time around when that happens there will be more eyes on the prices and if bitcoin hits one trillion than I doubt the drop could be as fast as this time around.

[magneto]

Bitcoin has been on a constant decline in value ever since 2018 started. Most say it has been a result of government regulations, others say that whales are manipulating the market, and some say that it's the result of FUD within the cryptocurrency markets.

I'd say that it's neither of any of the options.

While perhaps some government restrictions placed on bitcoin and third party bitcoin services are contributing to the bear market, they are not the root cause. I believe that a bear market was simply imminent, and was only a matter of time before it happened, because of the fact that markets rose so much during 2017 that it was becoming unsustainable. Thus, a period of corrections and dips were only natural, and this has been seen countless times before.

Nevertheless, do you think Bitcoin will hit a trillion-dollar marketcap in the future? How far do you think this is from becoming a reality? I would like to know your thoughts about this.

It's going to happen sooner or later. People tend to write this off as some kind of far sighted prophecy, but it really is not. We've seen a market cap that was around 30-40% of that figure already last year, so it's closer than people think.

With a limited supply and growing adoption that we've seen that will continue well into the next decades, bitcoin is bound to be more valuable in the long run. It's simple economics, supply of bitcoin isn't going to get much bigger since it is emitted in a limited manner, while the demand of coins will go up over time as more merchants accept it for payments. That's not to mention the imminent inflation that will debase the value of fiat as well, which would mean that when bitcoin is traded in relation to fiat, its value will rise in the long run, at least theoretically speaking.

[BitHodler]

With a limited supply and growing adoption that we've seen that will continue well into the next decades, bitcoin is bound to be more valuable in the long run. It's simple economics, supply of bitcoin isn't going to get much bigger since it is emitted in a limited manner, while the demand of coins will go up over time as more merchants accept it for payments.

I do agree with this mostly, but we can't completely bank on a potential scenario where people are using their coins as currency, especially with how the volatile nature of this market won't just miraculously disappear.

What we can bank on is that Bitcoin will become a digital form of gold, and where gold doesn't need any use as actual currency, so will Bitcoin not need to be used as such, especially with fiat improving too.

In other words, the currency aspect will become a bonus on top of the store and cross-country-transfer of value utility. Gold can't do that conveniently, Bitcoin can and this will account for most of Bitcoin's demand.