Topic: [2017-09-22] Strategist predicts bitcoin, digital currency trading volume will.. (Read 7499 times)

As long as there are enough delusional Apple freaks buying everything at the insane prices every year, the stock, no matter how overvalued, will likely continue to increase. I am quite sure that when institutions have clear access to Bitcoin, which requires even more regulations due to the strict rules/laws institutions are subject to, then the Bitcoin market as we know it will change for good. Current whales will look like small fishes compared to how deep the pockets of these institutions are.

The daily volume of digital currency transactions in the US totaling $ 3 billion is a pretty impressive amount. Despite China's efforts to discredit the digital currency as harming the economy of the state, we see a clear increase in demand for crypto currency, which means that its role in the world will grow, and that the crypto currency will be introduced into all spheres of our life. Bitcoin does not stop anyone.

if the price increases,it definitely will surpass the Apple
when we see 5000$ prices,there will be a 25% increase in trading volumes just from the price difference only
add to that larger volumes and you will get that 3 to 4 bil covered easily
but Apple is not the marker to compare with,it is just a bloated overvalued company that will see its decline very soon
Iphone X is the primary example of what to come,they are way past their peak

One thing for sure is that Bitcoin and the whole cryptocurrency market has been growing by leaps and bounds for the past many years and this year alone the trade volume has been tremendous comparing it into the last 3 years. But as we are seeing it, the potential for more growth is always right here...this is the reason why there are many who are predicting of the possible swell of trading volume soon...maybe in 2018 we would see much more than what we have witnessed this year so far. China will never be able to stop Bitcoin from growing and no matter if all governments in the world may have been planning their own cryptocurrency Bitcoin will always be Bitcoin and them always be alternative coins.

soon the daily volume of transactions with digital currencies will exceed the daily volume of transactions of Apple.
Currently, the volume of crypto-currency transactions exceeds $ 3 billion per day on average, and is likely to outperform Apple's daily transaction volume of $ 4 billion.
Crypto-currency enthusiasts have realized that Bitcoin is the base currency for accessing other digital currencies. CoinMarketCap listed more than 350 crypto-coins with a market value of more than $ 1 million each. According to the website, the value of all coins added is $ 121 billion.
According to analysis by the research firm Tabb Group, while the volume of transactions with digital currency took off this year, the average volume of daily transactions on the American stock exchanges fell in August and reached the lowest rate in the last three years.

Strategist predicts bitcoin, digital currency trading volume will 'soon surpass' Apple's


Digital currency trading is exploding and daily volume could "soon" surpass that of Apple, according to a strategist closely followed by hedge funds.

"Cryptocurrency trading volume is now more than of $3bn/day on average, and will likely soon surpass that of the world's most liquid stock: Apple ($4bn/day),"Jens Nordvig, founder and CEO of Exante Data, said in a note Friday.

Nordvig said global daily trading volume between the two largest digital currencies, bitcoin and ethereum, into traditional currencies has multiplied eight times in the last year.

Bitcoin has surged this year, briefly increasing fivefold before tumbling amid a Chinese crackdown on digital currencies and criticism from JPMorgan Chase CEO Jamie Dimon this month. Bitcoin traded slightly lower near $3,524 midday Friday, but it is still up about 260 percent for the year, according to CoinDesk.

Many digital currency enthusiasts have noted that bitcoin is a way for new investors to access the growing number of digital currencies. Industry website CoinMarketCap lists more than 350 cryptocurrencies with a market value of more than $1 million each.

The total market value of all digital currencies was $121 billion Friday, according to CoinMarketCap.

Ethereum traded mildly lower near $256, but was still more than 2,500 percent higher for the year, according to CoinDesk.

While digital currency trading volume has taken off, average daily trading volume in U.S. stocks fell in August to its lowest in three years, according to market researcher Tabb Group.

That said, Nordvig is still cautious on the often volatile digital currencies.

"We do not believe that one can predict with confidence at this point that any given cryptocurrency will continue to thrive and gain status as an alternative to traditional currencies in the long term," Nordvig said. "But we look forward to using the information from an increasingly active cryptocurrency market in our tracking of global capital flows, when appropriate."

https://www.cnbc.com/2017/09/22/strategist-predicts-bitcoin-digital-currency-trading-volume-will-soon-surpass-apples.html