I don't think that will ever happen. Even at crypto's peak mid-December, it wasn't even able to crack 1% of the world's GDP.
Take note: I said crypto, as in the cryptocurrency market cap as a whole, not just Bitcoin. The world's GDP amounts to around $77.9 trillion dollars. To reach that value, assuming that Bitcoin's circulating supply is at its peak at 21 million, each coin would have to be worth $3.66 million. The world's GDP grows annually too, so the requirement is gradually going to get steeper.
Topic: Bitcoin will overtake market cap vs. world's GDP(GROSS DOMESTIC PRODUCT) (Read 150 times)
March 20, 2018, 04:29:49 AM
March 20, 2018, 04:22:41 AM
I don't think bitcoin will do that. Coinmarketcap is control by the government or some top international politicians. If not nothing would have stop the growth since January. Fear Government manipulation
March 20, 2018, 03:53:32 AM
Bitcoin is a one of a kind investment. Just imagine that you will be using your fiat money to buy a digital currency? But what happens after buying bitcoin? Could we consider this a growth in addition to bitcoin market cap?
According to https://ftalphaville.ft.com/2017/12/07/2196526/what-happens-when-bitcoins-market-cap-overtakes-world-gdp/
that there is a possibility that bitcoin market cap will overtake World GDP. Meaning to say that there is a great value of money circulating in the market of bitcoin. In yout point of view is this possible that bitcoin market cap will overtake world GDP?(Gross Domestic Product)
According to https://ftalphaville.ft.com/2017/12/07/2196526/what-happens-when-bitcoins-market-cap-overtakes-world-gdp/
that there is a possibility that bitcoin market cap will overtake World GDP. Meaning to say that there is a great value of money circulating in the market of bitcoin. In yout point of view is this possible that bitcoin market cap will overtake world GDP?(Gross Domestic Product)
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