[2017-12-09] Winklevoss Twins Expect Bitcoin Market Cap to Surpass Trillions

veleten

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Quote from: BitcoinArsenal on December 09, 2017, 10:45:13 AM

Tyler and Cameron Winklevoss, better known as the Winklevoss twins, expect the market valuation of bitcoin to surpass trillions of dollars in the upcoming years.
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for sure they do,they did the right thing and invested into bitcoins when there were
not many believers,so it is only logical for them to believe in its future and hope for the better
they may be not so far from the truth,seeing the tempo whith which the price is growing
in the long term trillions of dollars could not be the same trillions as of now,though
so everything is relative,as for now the future looks bright,especially since the US eyeing full legalisation of bitcoin
and chances are their next ICO try gets approved

darkangel11

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Quote from: kueyen on December 09, 2017, 12:45:58 PM

Is that even possible? How much fiat money is there currently in the world? Bitcoin market cap reaching trillions of dollars means it may possibly be worth more than all currency in the world combined, which would in turn mean the economic model of the world we live in would be overthrown. In which case we would be worried about a lot of different things than the market cap of bitcoin.

If you do some reading about the world economy you'll know that it's possible, but would of course influence the value of other currencies, especially since fiat currencies are being constantly printed.
Currently we have 1,6 trillion USD in circulation and this number is steadily increasing. In 2010 we had less than 1 trillion, which as you can see is 30% less, which means that the currency has lost more or less 30% of its purchasing power in the last 8 years. Link to the research: https://fred.stlouisfed.org/series/CURRENCY?cid=25

MoonJeina

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Quote from: BitcoinArsenal on December 09, 2017, 10:45:13 AM

Tyler and Cameron Winklevoss, better known as the Winklevoss twins, expect the market valuation of bitcoin to surpass trillions of dollars in the upcoming years.
More on CryptoCoinNews

Well maybe it does cross a trillion market cap but that would take triple the involvement and investement of people . The fund raising has to grow by 10 folds in order to attain that figure .
That might not be a dream if the oppostions and governments stop refraining bitcoin. Making it main stream is the only quick way to uplift the market in trillions.

kueyen

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Is that even possible? How much fiat money is there currently in the world? Bitcoin market cap reaching trillions of dollars means it may possibly be worth more than all currency in the world combined, which would in turn mean the economic model of the world we live in would be overthrown. In which case we would be worried about a lot of different things than the market cap of bitcoin.

sindikat

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They are right. I also believe that the capitalization of bitcoin will increase. This will occur in a nonlinear fashion. We will see a mad jump in the price of bitcoin. After each rise in price of bitcoin coins, you always receive a lot of new supporters. I am sure that next year we will see upgrades of bitcoin and the potential for quickly transactions bitcoins as payment for goods.

BitcoinArsenal

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Tyler and Cameron Winklevoss, better known as the Winklevoss twins, expect the market valuation of bitcoin to surpass trillions of dollars in the upcoming years.
More on CryptoCoinNews

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