Dec 01,  · Bitcoin is gold and hence, it will soon disrupt gold, Tyler told CNBC in a recent interview. For this to happen, Bitcoin needs to have a market cap of $9 trillion and its price should hit. Sep 09,  · Back isn’t the only one eyeing a lofty $50, price target for Bitcoin. A model from prominent Twitter statistician PlanB, a pseudonymous quantitative analyst that hails from traditional markets, shows that BTC’s fair market capitalization will swell to $1 trillion after the May block reward reduction. Such an increase would see the market capitalization for BTC topping $5 trillion and bring Bitcoin into the same value class as assets like gold. Bitcoin is the only $95 billion market cap asset I have ever seen that has a realistic chance of a x increase in value over a .

Bitcoin trillion market cap

Bitcoin's 'Next Big Resistance' Is at $1 Trillion Market Cap, Says Bloomberg Analyst | Cryptoglobe

Not everyone, apparently, believes that bitcoin is going to reach such a high market cap. He states:. In fact, a cool down is to be expected. Alex Mashinsky — chief executive of the Celsius Network — believes this bull run is different from the one that occurred in While the one from three years ago was pushed largely by retailers, this time, institutional players are the ones behind the BTC surge, which is likely to ensure the price remains strong.

He says:. Bitcoin has gotten to a place where institutional investors, banks and family offices are legitimately pondering involvement. Leave a Reply Cancel reply You must be logged in to post a comment. We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy. How Can I Buy Litecoin? The exchange saw a broadening of adoption and ownership of crypto assets this year as more people continued to want in on acquiring the token.

As many as million people own crypto assets today, according to Hileman. He noticed a lot of the recent price action was driven by institutional investors, based on transactions that occur on the chain, and is unlike the retail investor frenzy of On-chain demand and other metrics suggest that the rally was driven more by institutional hedge funds, family offices, and money managers.

Hileman expects to see continued buy-in from retail and Wall Street investors going forward, rather than corporates. That's because it is harder for bigger players to participate than professional investors who already have accounts and easy access to major exchanges, he explained.

As for the US dollar, the researcher expects the world's most popular reserve currency to be digitized sometime in the next five years. The status quo is working well for the dollar because it is dominant through the SWIFT mechanism and the corresponding banking system, he said.

The US government can also raise debt at attractive interest rates, supporting the dollar's status. But a competitive challenge lies in the crypto space and in the rise of stablecoins. Shalini Nagarajan.

Crypto Data Firm: Bitcoin Can Reach $1 Trillion Market Cap & $50k Per BTC Related Articles

Nov 16,  · $20, #Bitcoin Is Primary Hurdle Toward $1 Trillion Market Cap — The digital version of #gold but with more-limited supply and a history of adding zeros, appears to be in an early price-discovery stage and may simply continue its ascent in Mainstream adoption is rising.. bitcoinlife24.de Bitcoin's current market cap is around $ billion. If Back's prediction is to come true, the market must increase by % within two years, Cointelegraph reported, noting that Bitcoin needs to. Such an increase would see the market capitalization for BTC topping $5 trillion and bring Bitcoin into the same value class as assets like gold. Bitcoin is the only $95 billion market cap asset I have ever seen that has a realistic chance of a x increase in value over a . Tags:Bitcoin trading toronto, Bitcoin trading is legal in usa, Cme bitcoin futures tradingview, Coincapmarket btc, Bitcoin term deposit

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