Since bitcoin has been created, its price has risen very much. The innovative idea behind bitcoin and other cryptocurrencies attracted many people. For rising 1000 times more, many things must changed.
First bitcoin must completely accepted by the governments. Bitcoin must reach its main purpose. It means making a payment using bitcoin must be available every where. In other words, bitcoin must become the first currency in the world.
Topic: Crypto Market Will ‘Absolutely’ Grow 1000x and More - page 2. (Read 574 times)
What he's saying isn't wrong I just don't believe it's very likely. Though it also depends on what you are measuring growth, if it is market cap then that's a stretch but adoption I think is far more feasible.
Adoption will start to happen when government come forward and make it legalize and ask the business to start accepting the btc as a payment option. But till then that 100x adoption is not possible and price it will grow but multiple times and not like 100x.
Changpeng Zhao, the CEO of Binance better recognized as CZ, has said that crypto still has room to grow by more than a thousand times in the years to come.
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com
I mean, it's possible.
Given that fiat currencies around the world will be on a constant decline due to the government debasing the currency, it would be no surprise in the long run if decentralised cryptos held up its value against such depreciation, leading to a rise in nominal value. Besides, demand for bitcoin should increase drastically as well.
However, it's hard to see this happen in the short term like he claims, "in years to come". More likely than not widespread adoption isn't going to come any time soon at this stage, and a rise 1000 fold currently does seem quite an unrealistic figure for the short term given that we already experienced a pretty big bull market last year.
The first part is true for near everything that has any sort of limit on supply, land or houses for example largely would follow the same path, along with precious metals etc.
From a pure mathematical point of view 1000x doesn't seem that much given that bitcoin has already achieved more than that in growth but when you look at it in real terms it's hard for anything to sustain such growth. I think any sort of a mega bull run would still not take us close to those levels until such a scenario as you spoke of when FIAT value continues to decrease due to the increases in supply.
Changpeng Zhao, the CEO of Binance better recognized as CZ, has said that crypto still has room to grow by more than a thousand times in the years to come.
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com
I mean, it's possible.
Given that fiat currencies around the world will be on a constant decline due to the government debasing the currency, it would be no surprise in the long run if decentralised cryptos held up its value against such depreciation, leading to a rise in nominal value. Besides, demand for bitcoin should increase drastically as well.
However, it's hard to see this happen in the short term like he claims, "in years to come". More likely than not widespread adoption isn't going to come any time soon at this stage, and a rise 1000 fold currently does seem quite an unrealistic figure for the short term given that we already experienced a pretty big bull market last year.
Well it's a good news mate .but i don't think people will believe on this kind of news because of being so hopeless as of now about the current situation of the market. by the way thanks for sharing this good news mate because it's a big help to convince more investors to be brave on this circumstance.
Well not being optimistic about that much growth isn't being hopeless but just a little realistic. Of course there's still a lot of room to grow for the entire market but i don't think a thousand times is likely. Bitcoin especially probably will have a steady growth but with everything that happened, i'm not expecting another '17 run.
This is so important of a point. It's one thing that infuriates me in the crypto community. In so many cases all things are positive or negative in absolute. People need to realise that there's an in between. You can disagree with something that's a positive outlook without having a negative outlook on things. I find in crypto as soon as you question something or disagree with something people are quick to label you as a FUDster.
If knowledge is only bragging, then I think cryptocurrencies may have more than 10,000 times growth in the future, but if we look at the facts, where can the money for cryptocurrency growth come from? ?I'm curious!
Well it's a good news mate .but i don't think people will believe on this kind of news because of being so hopeless as of now about the current situation of the market. by the way thanks for sharing this good news mate because it's a big help to convince more investors to be brave on this circumstance.
Well not being optimistic about that much growth isn't being hopeless but just a little realistic. Of course there's still a lot of room to grow for the entire market but i don't think a thousand times is likely. Bitcoin especially probably will have a steady growth but with everything that happened, i'm not expecting another '17 run.
Well it's a good news mate .but i don't think people will believe on this kind of news because of being so hopeless as of now about the current situation of the market. by the way thanks for sharing this good news mate because it still a big help to convince more investors to be brave on this circumstance.
A growth of 1000 times would give a market cap of $200 trillion. The entire stock market is roughly $73 trillion. Global real estate market is around $217 trillion.
Sure, it's possible, but we are looking at a scenario where Bitcoin replaces the dollar.
Sure, it's possible, but we are looking at a scenario where Bitcoin replaces the dollar.
I don't think Bitcoin has to replace the dollar to achieve that. We're talking about the global market cap. In that scenario, Bitcoin's market cap might be closer to a small multiple of gold, or a sizeable fraction of the stock market. That doesn't seem unreasonable to me, if it continues on this trajectory towards being a widely accepted hedging asset.
And pooya87 brings up a good point too. If altcoins keep getting churned out by the thousands, that can really inflate the total cryptocurrency market's value based on little more than large circulating supplies and low-volume markets. It might not even matter what Bitcoin does.
People are free to air their opinions and views on the cryptocurrency market, and how high it can rise.
I personally don't think that bitcoin can rise that much.
Over the next months (and possibly years) I feel the bitcoin market would stabilize, with more adoptions and circulation, it would always be volatile and the price would always fluctuate though. But by a smaller margin.
Yes. It is a free world and everyone is for sure entitled to what they feel but in the real sense, it is not something very realistic. First, to correct you, Zhao was not just referring to bitcoin, but the whole crypto space in general. For that kind of thing happening, just take the current market capitalization and multiply it by 1000 to see what that gives you and comparing to the amount of money available worldwide, see if this is something possible or not. I may be wrong, but does not seem like it.I personally don't think that bitcoin can rise that much.
Over the next months (and possibly years) I feel the bitcoin market would stabilize, with more adoptions and circulation, it would always be volatile and the price would always fluctuate though. But by a smaller margin.
Even though Vitalik does not support the statement that 1000x can even still be possible, well, it is still a very good belief. I know we still have more room to grow but at the same time, no one can really tell how far the space in this room can be occupied as there would always be several factors that would make things end up not seeming how we want it. With a thousand fold in the long run, we are talking about trillion of dollars market cap, which sounds a whole lot.
Actually math is very simple, market cap is 204 billion dollars, if you multiply that with 1000 you will get 204 trillion dollars market. Is that possible to happen? Of course it is, there are so many cryptocurrencies at the moment, most of them just began to grow, unlike bitcoin, litecoin, ethereum and others that are around for a while. Market will grow, I will quote CEO from Coinbase once again : "Billion people in crypto in next 5 years" That is huge, if that happens in 10 years there will be 2 billion people and crypto market cap will be trillions, maybe hundred trillion dollars. At the first this sound like way optimistic prediction, but crypto market has a lot of space for growing and x 1000 is very possible to happen in 5-10 years or more. Just don`t wish it next year, but in next 20 we will have a lot more coins and tokens, many halvings, and more people in crypto.
People are free to air their opinions and views on the cryptocurrency market, and how high it can rise.
I personally don't think that bitcoin can rise that much.
Over the next months (and possibly years) I feel the bitcoin market would stabilize, with more adoptions and circulation, it would always be volatile and the price would always fluctuate though. But by a smaller margin.
Yes. It is a free world and everyone is for sure entitled to what they feel but in the real sense, it is not something very realistic. First, to correct you, Zhao was not just referring to bitcoin, but the whole crypto space in general. For that kind of thing happening, just take the current market capitalization and multiply it by 1000 to see what that gives you and comparing to the amount of money available worldwide, see if this is something possible or not. I may be wrong, but does not seem like it.I personally don't think that bitcoin can rise that much.
Over the next months (and possibly years) I feel the bitcoin market would stabilize, with more adoptions and circulation, it would always be volatile and the price would always fluctuate though. But by a smaller margin.
Even though Vitalik does not support the statement that 1000x can even still be possible, well, it is still a very good belief. I know we still have more room to grow but at the same time, no one can really tell how far the space in this room can be occupied as there would always be several factors that would make things end up not seeming how we want it. With a thousand fold in the long run, we are talking about trillion of dollars market cap, which sounds a whole lot.
Changpeng Zhao, the CEO of Binance better recognized as CZ, has said that crypto still has room to grow by more than a thousand times in the years to come.
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com
What he has said, is his Individual Observational comment and aslo sounds redeculos but There is a provarb that
"Nothing Is Possible In Crypto World"
So should be Optimistic
Well at the end of this year, expected price should be 2x
Asto my individual opinion
CZ's statement is absolutely a personal one. It is his personal thought that crypto market will grow thousand fold in future. This claim doesn't have a solid ground and he has spoken out of his own speculation. Anyone in this world can make such speculation.
However, if not 1000 fold, cryptos definitely have the potential to beat the previous ATH price. But the adoption rate should be increased in order to achieve that. Being a CEO of Binance, his words certainly have a value to the market, but 1000 fold looks really unrealistic.
I am just wondering when we will beat the earlier ATH barrier! Let this hapoen first, we will then think about the 1000 fold increase!
However, if not 1000 fold, cryptos definitely have the potential to beat the previous ATH price. But the adoption rate should be increased in order to achieve that. Being a CEO of Binance, his words certainly have a value to the market, but 1000 fold looks really unrealistic.
I am just wondering when we will beat the earlier ATH barrier! Let this hapoen first, we will then think about the 1000 fold increase!
Very unrealistic to me as well. Based on an article on businessinsider, according to the CIA, the total amount of money present in the world is $80 trillion if you include "broad money.", which I do not know how factual the figure is, but let's even say this is the case, considering a 1000 fold increase at this stage is like multiplying the current market cap by 1000 and that should leave us at, 198,373,874,858,000
... 
Sounds very much unrealistic as far as I am concerned, when coupling with the fact that there would always be some factions in the world left out in terms of adoption.
A growth of 1000 times would give a market cap of $200 trillion. The entire stock market is roughly $73 trillion. Global real estate market is around $217 trillion.
Sure, it's possible, but we are looking at a scenario where Bitcoin replaces the dollar.
Sure, it's possible, but we are looking at a scenario where Bitcoin replaces the dollar.
Actually, it looks pretty unrealistic in the near future that crypto market can reach to such high value - especially if we look how far away we are in this moment from "only" 1 trillion $ crypto market. The fact is that there is a huge amount of money in the world which is located in different assets, and if some of that money is relocated to crypto we can see trillion $ market - but as is stated in article to reach 200$ trillion crypto market we need to get to this point :
Quote
At $200 trillion, cryptocurrencies would be utilized as the main source of payment. Every merchant in the world would be utilizing cryptocurrencies over credit cards and cash, wealthy individuals would hold trillions of dollars in cryptocurrencies over offshore bank accounts, and the banks would no longer operate on top of fiat but on cryptocurrencies.
What he's saying isn't wrong I just don't believe it's very likely. Though it also depends on what you are measuring growth, if it is market cap then that's a stretch but adoption I think is far more feasible.
I think he is exaggerating the facts, although I agree that cryptocurrencies can still multiply in the future, but not all coins can achieve such growth!
A growth of 1000 times would give a market cap of $200 trillion. The entire stock market is roughly $73 trillion. Global real estate market is around $217 trillion.
Sure, it's possible, but we are looking at a scenario where Bitcoin replaces the dollar.
Sure, it's possible, but we are looking at a scenario where Bitcoin replaces the dollar.
market doesn't really need to grow for the market capitalization to reach $200 trillion. we only need to surpass a certain number of altcoins! currently we are close to 2000, i would guess somewhere around 7000 altcoins we can reach $200 trillion market cap since it only depends on how many coins are in circulation, so far with nearly 2000 coins we have a couple of hundred trillion in circulation and there will be a lot more of them in the future. they don't even have to worth much to push the total MC to $200 trillion.
... and that is why MC is meaningless...
Changpeng Zhao, the CEO of Binance better recognized as CZ, has said that crypto still has room to grow by more than a thousand times in the years to come.
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com
This is the hope of Zhao who is then made a statement, because the statement is not supported by accurate data, good predictions are supported by accurate data and facts, from a collection of causes that will cause that the crypto market will grow 1000, with the theory that is clearly concluded to be a statement, from this Zhao statement I did not find it all
He is just a teensy bit incentivised to keep his audience wet between the legs.
Exactly. These ridiculous claims are no different than JP Morgan or Goldman Sachs claiming that bitcoin is a scam and will fall to zero within a year.
People are selfish - they say what will benefit them the most, regardless of truth.
CZ's statement is absolutely a personal one. It is his personal thought that crypto market will grow thousand fold in future. This claim doesn't have a solid ground and he has spoken out of his own speculation. Anyone in this world can make such speculation.
However, if not 1000 fold, cryptos definitely have the potential to beat the previous ATH price. But the adoption rate should be increased in order to achieve that. Being a CEO of Binance, his words certainly have a value to the market, but 1000 fold looks really unrealistic.
I am just wondering when we will beat the earlier ATH barrier! Let this hapoen first, we will then think about the 1000 fold increase!
These famous people need to stop giving idiots the getaway hand. People look up to them, and read what they say, and this speculation of theirs is gonna make people believe in something that may never be true. Personal statements affect the markets. 1000 fold is a beyond ridiculous claim. Crypto has potential but if regulation kicks in full on, then crypto is fucked from all sides. However, if not 1000 fold, cryptos definitely have the potential to beat the previous ATH price. But the adoption rate should be increased in order to achieve that. Being a CEO of Binance, his words certainly have a value to the market, but 1000 fold looks really unrealistic.
I am just wondering when we will beat the earlier ATH barrier! Let this hapoen first, we will then think about the 1000 fold increase!
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