Having in mind how fast is bitcoin developing this is so distant future.
And such estimation is far too exaggerated. Let's be more focused on something that is happening now.
Topic: $10million in 2023 possible? - page 7. (Read 805 times)
21 million coins multiplied by 10 million dollars a coin would give a market cap for Bitcoin of $210 trillion. Given that the market cap of all crypto is currently only around $210 billion, I very much doubt it that $10 million a coin will ever happen, let alone within 5 years.
This is an exaggerated expectations on bitcoin, and it wasn't exactly what we're looking for now. The $20k is just enough to happen and with that very expensive price of bitcoin that's too much. It's not possible to happen, well in fact we're still struggling to reach at $20k again and somebody's thinking that very huge value. Let's just remain calm and optimistic at best limits.
I wish to know where people are getting those 'predictions' from. $10M*21M = $210 trillion market cap. So you are saying that Bitcoin alone will beat global stock markets (whose capitalisation is valued at $60–$80 trillion and predicted to grow to $100T by 2020) in only 5 years, and even if you predict based on bitcoin price at the previous halving, it would be $36K not $10M.
21 million coins multiplied by 10 million dollars a coin would give a market cap for Bitcoin of $210 trillion. Given that the market cap of all crypto is currently only around $210 billion, I very much doubt it that $10 million a coin will ever happen, let alone within 5 years.
well do the math by yourself. What is the total supply of bitcoin? lets just calculate circulating supply and multiply by $10 million. Hope you will have your answer. And anyhow if you can manage 10 BTC , you will have 100 million dollars !!! It is just simple prediction only, not financial advice. But BTC will be more expensive and whole crypto will be well regulated. Fake ICO and scammers will be kick out and real investors will enter into crypto market, it is my future thinking regarding crypto
At the first halving on November 28, 2012, BTC/USD traded around $12. By the second, on July 9, 2016, it was $657. The third halving — due in mid-2020 or in 644 days — will see the block reward reduce from 12.5 BTC to 6.25 BTC, while What’s On Crypto suggests ongoing trends could see prices hit a giant $10 million by 2023-quoted by wilma woo.
These predictions are giving us hope about the future of bitcoin but we all know that bitcoin is know for its volatile and unstable characteristics. Do you think that the expert's predictions are possible or do you think that this are just a mere simple prediction.
These predictions are giving us hope about the future of bitcoin but we all know that bitcoin is know for its volatile and unstable characteristics. Do you think that the expert's predictions are possible or do you think that this are just a mere simple prediction.
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