There seems to be only one correlation that could send the market cap of crypto over one trillion by the end of the year. The Security Exchange Commission (SEC) rules in favour of ETFs so any institutional investor can invest in this market. Right now the few institutional investors have done the opposite of investing (liquidity flow into the market) Instead they were betting on falling prices of Bitcoin (Futures) which needs to change or we will see quite the opposite from 1 Trillion Market Cap and rather further decline and pressure on the prices. What is your view regarding the real impact of approved ETFS for the CBOE?
In the long run, we will probably rather look at a market cap of 5-10 trillion. This seems out of proportions for most people but most are unable to see the correlations. Also the next banking/stock market crisis will have a tremendous impact on the Blockchain Economy. It will thrive when the monetary system collapses. And the crisis is near. Turkey has tremendous problems with their currency, it is getting massively undervalued. There have been other countries struggling like Venezuela, but Turkey is a big thing. It is not only a NATO partner but there are many other ramifications. In case Turkey is going down it might spike the next crisis.
The stock market had it's longest bull run in history, based on a phony recovery of depth and money printing. The correction is overdue. Financial experts have been warning for years that the next collapse will be bigger than everything else in history.
When that happens, rich individuals and institutions need alternative asses classes, and the Crypto Market is certainly already a target of dozens of financial institutions, just look at all the attempts to get an ETF approved which will finally succeed.
The marketcap of the entire crypto currency market is very low compared to other markets. While writing this the crypto currency market cap is around 250 billion while the gold market alone is around 7 trillion. When the new economy bubble popped in 1999 that market was at 10 trillion. At some point in time this is likely to happen with the Crypto Currency Market but right now we are far below the 200 day average and in a sustained bear market. We are no prophets when this will shift back into a bull market again but we are certain that this is going to happen in the near future, whetherin 2018 or in the course of 2019 no one knows.
Only one thing seems curtain...if another crisis breaks out like mentioned above, and organisations move assets in the crypto market, then 1 trillion might seem laughable. See below some figures from more mature markets.
Market Capitalization Value of Shares in USD
New York Stock Exchange, United States $19.223 Trillion
NASDAQ, United States $6.831 Trillion
London Stock Exchange Group $6.187 Trillion
Shanghai Stock Exchange $5.5 Trillion
Gold $7.8 Trillion
These are just a few examples...imagine one 10% of liquidity of all global market move into the Crypto Market?
Do you have a clue about how long the crypto can achieve that marketcap? I should remain you that about the word of imagine. 1 trillion marketcap should be considered as a reasonable marketcap after the bitcoin will have reached the maximum supply and no more bitcoin will be dumped by the miners.