Oct 04, · Bitcoin has had a strong start to the decade, adding over 40% to its price so far this year—and taking its market capitalization to around $ billion. The bitcoin Author: Billy Bambrough. Dec 11, · A weekly report from Stack Funds, a crypto fund provider, suggested that Bitcoin's market cap to thermo cap ratio (MCTC) was showing signs . Jun 24, · About 80% of bitcoin are in circulation, with the last 20% mined for supply over the next years; it has the power to replace Gold to have a market cap of over $10 trillion by If you do the math, assuming there would be about 20 million Bitcoins .
Bitcoin prediction market capBitcoin Price Predictions - Future Bitcoin Value for , ,
Another prominent crypto figure, John Pfeiffer — a partner at Pfeiffer Capital based out in London — has also made a long-term prediction.
This prediction implies that Bitcoin would increase about 74 times its current price. Private investors often hold Gold as a means of keeping their money in something more dependable than the intrinsically worthless fiat. He believes that investors could ditch their privately held Gold for Bitcoin, seen as it is much easier to store and much more secure; instead of keeping Gold bars buried in their backyards or safe boxes. Notwithstanding the criticisms from magnates like Warren Buffet and Bill Gates, Bitcoin has continued to prove that it is here to stay.
Some criticisms may be a result of its threat to banks and financial authorities. Since transactions are on a Blockchain, the need for banks, middle-men, or central authorities become obsolete. In fact, there are two main motives for holding Bitcoin: transaction motive and speculative motive, those who hold to exchange for goods and services, and those who hold to make a profit.
The security, transparency, and anonymity of Bitcoin makes it a preferred payment option for several individuals across the globe. More and more businesses around the world, both online and offline, have started including Bitcoin in their payment options.
It, therefore, appears to us that Bitcoin is undoubtedly here to stay. There are currently 18,, Bitcoins in circulation, and the total supply cap is 21,, As such, only 2,, more Bitcoins could ever be mined, for supply. All things being equal, by , all 21,, bitcoins should be in circulation. Bitcoin appears to be a perfect alternative currency to fiat, a store of value that is independent of the influence of the government or financial institutions. Close Menu Home. Price Predictions.
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