The Road to $15 Trillion

[CoinFoxs]

In the bull run case scenario, it is predicted by tokenmetrics that digital currency market cap will cross 10 trillion dollars milestone by the end of 2026 but this prediction was just based if market only goes high so on the other hand when the market is bearish and price of coins drops then people start selling their coins instead of holding then market cap may decreases. But after 10 years this milestone is achievable!

[o48o]

The $15 trillion dollar market will be for those who are willing to think outside of their technical, ideological and political bubble--and embrace the mainstream.

If only tapping to that market was that easy. Markets get saturated with scams and tokens that live for a day or a week, and number of projects that aren't going anywhere even if they now are high on the marketcap is going to be significant. Choosing the winners isn't going to be easy.

All that said, do you have a source for that data? I've actually never even seen a vendor that takes Monero.

I have already linked you... <facepalm>
https://bitcointalk.org/index.php?topic=5506007.msg64422895#msg64422895

Most respected VPN (Mullvad) and thousands other places also accept Monero:
https://cryptwerk.com/pay-with/xmr/

That peaked my interest as well, so first i tried to look at coincards.com, because it has my country listed in their services. I chose a rather famous web shop that i have used before, and went to choose the amount for gift code. But first i checked the TOS, and coincards is fully complying with regulators, meaning that monero is living there with a borrowed time and change to get my account frozen is real.

To double check i went to that web shop coincards offered giftcards to, and turned out that they don't even accept gift cards. So forgive me being skeptical of rest of the of the links. I mean i would love if some of these would work, and i guess i just need to risk it and be a sucker when they don't. But i am very skeptical about any of these accepting monero in the near future because of MICA and the new and upcoming AML regulations.

[legiteum]

The $15 trillion dollar market will be for those who are willing to think outside of their technical, ideological and political bubble--and embrace the mainstream.

If only tapping to that market was that easy. Markets get saturated with scams and tokens that live for a day or a week, and number of projects that aren't going anywhere even if they now are high on the marketcap is going to be significant. Choosing the winners isn't going to be easy.

I think big players* will emerge who will build a reputation with consumers for fairness and safety. eBay did this for online auctioning of physical things, and they (or "we", since I worked there for many years) deeply emphasized consumer safety on the site, making it so most end-users didn't have to worry about getting ripped off. This safety is what opened the door to online auctions to the mass market, because average consumers in a hurry could buy and sell without worrying about anything.

But yes, choosing winners is never easy--but that's true for everything, right?  


(* Full disclosure: I hope my company becomes one of them ).

That peaked my interest as well, so first i tried to look at coincards.com, because it has my country listed in their services. I chose a rather famous web shop that i have used before, and went to choose the amount for gift code. But first i checked the TOS, and coincards is fully complying with regulators, meaning that monero is living there with a borrowed time and change to get my account frozen is real.

I had left that out of the Monero discussion, but it's a good point that reinforces what I have been saying about the market: Monero itself is viewed in a very negative light, and while I have a lot of respect for it technically, when a product becomes known for things like cyberextortion, terrorism, money laundering, and other criminality, businesses who cater to a mainstream audience aren't going to get anywhere near it.

As I keep saying here, the "keep your stuff secret even if the government is after you" business is really, really small. It's a "niche market" at best, and a purely illegal one at worst.

[BADecker]

Looks like we are coming up on a good buying season.

[davis196]

That was a pretty long forum thread and, in your text, you are repeating things that have already been mentioned multiple times on the forum.
I agree that the Bitcoin/crypto community had sacrificed it's cyberpunk, libertarian, anti-government vision for mass adoption and higher cryptocurrency prices. Greed is one of the biggest motivators and we can't fight the desire to make more money.
There are big limits and obstacles, that are stopping mass crypto adoption, so I don't think that your 15 trillion crypto market cap prediction is going to happen. The "average Joe" simply doesn't need crypto to pay for groceries and bills. The "average Joe" doesn't want to trade on the highly volatile cryptocurrency markets. Maybe that's why crypto would never hit 15 trillion USD.

[rodskee]

The digital currency business is worth around $1.5 trillion today. I predict that in 10 years it will be worth 10 times what it is today: 15 trillion dollars.

The question everybody here needs to ask themselves is: do you want to be part of that future, or not?

Getting to $15 trillion is going to require different thinking than the original Bitcoin and crypto community is used to. This is a future where almost all citizens in the developed world posses digital currencies that they use for both daily payments and longer-term speculation. One where there is a vibrant market for thousands of meme currencies, and memes come and go with fashion every year.

And it's a world were consumers find a safe and easy and convenient mechanism for buying into the latest meme or an established name like Bitcoin.

Many in the business today are going to find the requirements of "mainstream" consumers baffling, annoying, or even infuriating. What you thought was good will be bad, and what you thought was bad will be good.

In this future, players in the digital currency market will either evolve or get left behind. Bitcoin has its roots in the cyberpunk-libertarianish-grey-market-quasi-criminal realm. It's a fascinating, tantalizing, exciting realm for several million people around the world.

But it's also terrifying for several billion people around the world, who aren't interested in risking their life savings to things that are unsafe and untested and clunky. And they have no interest in fighting their government, or doing something that could be considered illegal.

The blockchain architecture was designed around the notion of perhaps dozens of transactions per second, and was made to be intentionally slow and expensive. In the future, there will be millions of digital currency transactions per second worldwide, and tens of billions of transactions per day. There will need to be other architectures besides blockchain to handle that.

The original crypto community hated the government, and hates any concept of regulations. They started their movement as explicitly "anti-government". Average consumers love regulations and government protections because it makes things safe for them without needing to think about it.



The $15 trillion dollar market will be for those who are willing to think outside of their technical, ideological and political bubble--and embrace the mainstream.

What I was waiting here is Link to some sites but luckily there is nothing in which I salute the thread creation .i remember the time when the market is still billion level and now ? we are eyeing in 10s in trillions .

[legiteum]

That was a pretty long forum thread and, in your text, you are repeating things that have already been mentioned multiple times on the forum.

I agree that the Bitcoin/crypto community had sacrificed it's cyberpunk, libertarian, anti-government vision for mass adoption and higher cryptocurrency prices.

Maybe it has to some extent, but I personally think there is a long way to go and there is still a lot of work to do in order to make digital currency truly mainstream.

The "average Joe" simply doesn't need crypto to pay for groceries and bills. The "average Joe" doesn't want to trade on the highly volatile cryptocurrency markets. Maybe that's why crypto would never hit 15 trillion USD.

I foresee that in the future, one's means of transacting and one's method of saving will be separated. In other words, you will have all of your money in an investment portfolio in some mix of investments (including DCs or not), and then your app will automatically transfer the necessary amount of money to whatever transaction mechanism you want to use in order to make a purchase or pay a bill.

Digital currencies, as a transaction mechanism, have the advantage of not exchanging personal information (e.g. like a credit card). Haypenny digital currency is 100x faster than a credit card and 100x cheaper. Credit cards are fine for a lot of purposes too, and always will be.

The $15T vision is all about memes and meme investments (and to the average Bitcoin buyer today, Bitcoin is just a meme too). We are going to move to a world where memes will trend as they do now (and we're using notion of "meme" here in the very broad sense of the name of any popular concept, e.g. "Gucci" is a meme in this sense) and every meme will have a market cap as well, and consumers will invest in them, and they will go up and down based on popularity.

But the overall market will get a lot bigger once it is ubiquitously safe and convenient for average consumers to invest.