For this to happen, Bitcoin would need to multiple by at least 2300%, when you consider newly mined coins which would increase the supply, that percent would be much lower. While this is within the realms of reason especially looking back at the last ten years, it's pretty much a wide guess and I consider such price predictions unnecessary, 1 BTC would m be 1BTC in 2029, and that's the value that really matters.
Twitter is not the ideal platform to learn about bitcoin, educative profiles are few and far between with majority of the crypto tweets there being shills (focused only on the USD and gold value), with little or no content about the technology behind Bitcoin.
Topic: Bitcoin market cap can exceed Gold's after the next decade - page 3. (Read 378 times)
At this point the market cap of Bitcoin is around $384 billion and Gold's 9 trillion. Assuming that Gold's will double, try to imagine Bitcoin value.
Posted by Morgan Creek co-founder on Twitter personal page as a proof for the future of his actual beliefs regarding Bitcoin potential:
"Bitcoin’s market cap will surpass gold’s market cap by Dec 31, 2029.
Posting this as a receipt for the future."
Do you think it is a right and robust statement to say? How do we will approach Bitcoin blockchain after 10 years?
Posted by Morgan Creek co-founder on Twitter personal page as a proof for the future of his actual beliefs regarding Bitcoin potential:
"Bitcoin’s market cap will surpass gold’s market cap by Dec 31, 2029.
Posting this as a receipt for the future."
Do you think it is a right and robust statement to say? How do we will approach Bitcoin blockchain after 10 years?
nope.
we have under 19 million mined
and we have under 12k price
last i looked 19 mill x. 12k is about.
228 billion not 384 billion.
so you are wrong.
now do i think the 228 billion will grow to 9 trillion in under 9 years.
a 39x increase has happened so it could.
But I suspect if it does move to 9 trillion that gold will grow to at least 18 trill. in the same time frame.
I believe most people on Jan 2009 – Mar 2010 also said "it's impossible if Bitcoin will reach $100, $1000, $10,000 and so on". Because on Jan 2009 – Mar 2010 the price of Bitcoin is basically nothing [1] , but after 10 years the price is $11,775 right now. It already show how valuable and powerful Bitcoin is.
Nothing is impossible, Bitcoin only need more mass adoption to exceed Gold. Even its not on the next decade, maybe in the future...
[1] https://en.wikipedia.org/wiki/History_of_bitcoin
Nothing is impossible, Bitcoin only need more mass adoption to exceed Gold. Even its not on the next decade, maybe in the future...
[1] https://en.wikipedia.org/wiki/History_of_bitcoin
A reminder: regardless how realistic or unrealistic these "predictions" are, these big name people are posting these sort of predictions for publicity; obviously to gain more users and exposure to their business/platforms. It's pretty much the same with every outrageous "predictions" out there.
It really is my passion, Bitcoin and gold, for me they are the most active that represent the most money in the world and have a large market capitalization. As time goes by, people will know more about bitcoin and by pure logic the market capitalization will increase ... It is very likely that it will exceed the market capitalization of gold, Bitcoin with the passage of time they will see it more and more legitimate .
I think that can't be said to be "true", after all it just predicts the current state of the market cap for bitcoin's future. rather than we are busy with predictions that are not yet clear, we better focus on the development of the bitcoin blockchain and build more communities so that more countries will accept the existence of bitcoin well and get mass adoption soon.
It's honestly hard to predict and at this point in time, there really isn't any indication that the value of Bitcoin to grow in a factor of 40. I find it hard to believe that Bitcoin would be that valuable without the majority adopting Bitcoin and government supporting it. Even so, a value that high would still be difficult to reach.
Hope that it would eventually happen but it's hard to imagine it happening.
Hope that it would eventually happen but it's hard to imagine it happening.
At this point the market cap of Bitcoin is around $384 billion and Gold's 9 trillion. Assuming that Gold's will double, try to imagine Bitcoin value.
Posted by Morgan Creek co-founder on Twitter personal page as a proof for the future of his actual beliefs regarding Bitcoin potential:
"Bitcoin’s market cap will surpass gold’s market cap by Dec 31, 2029.
Posting this as a receipt for the future."
Do you think it is a right and robust statement to say? How do we will approach Bitcoin blockchain after 10 years?
Posted by Morgan Creek co-founder on Twitter personal page as a proof for the future of his actual beliefs regarding Bitcoin potential:
"Bitcoin’s market cap will surpass gold’s market cap by Dec 31, 2029.
Posting this as a receipt for the future."
Do you think it is a right and robust statement to say? How do we will approach Bitcoin blockchain after 10 years?
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