Royal Bank of Canada: capitalization of the Crypto-currency will reach a mark of

olushakes

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Quote from: kreed.wenti on January 04, 2018, 02:33:23 PM

Royal Bank of Canada: capitalization of the Crypto-currency will reach a mark of 10 trillion dollars

The report, conducted by the Royal Bank of Canada (RBC), found that crypto-currencies and blockchain technology can achieve market capitalization of 10 trillion dollars. According to Mitch Steves and Amit Daryanini, we are witnessing the beginning of the crypto-currency boom. The total market capitalization of the Crypto currency has reached 772 billion. A year ago it was 17 billion dollars.

Last year there was an unexpected growth of the Crypto-currency. The market received incredible support in 2017 year from important investors. Big money starts to flow into the system, and this will continue for the next year. For analysts, RBC is just the beginning.

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The part that I am really impressed about is the latter part of the abridged article that talks about what is expected of the future. 2017 is one big year that happenned to cryptocurrency but that is all in the past now which won't matter anay longer few months to come if new achievements are not launched or new benchmark are not sets couple with new regulations coming with more tougher stance.

arpon11

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Cryptocurrencies is becoming a reality and we should be happy this is happening in our time. I have tried to understand that bitcoin is actually going to be currency of the future and that is why any positive news from any other coin affect bitcoin positively. I think we should be happy for this. If cryptocurrencies markets cap get to $10,000,000,000,000 it then mean it has taken over the world financial markets and you will find out that bank will become obsolete and people will prefer using cryptocurrencies for all their financial transactions.

davis196

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This is a very positive prediction and it`s coming from central bankers a.k.a bitcoin haters.By the way,the Royal bank of Canada isn`t a part of the group of central banks that are trying to destroy bitcoin and the cryptoworld.Let`s hope that their predictions will happen.
I think that bitcoin would have around 30-40% of this 10 trillion USD market cap,which is very good.

Hydrogen

legendary

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The term crypto-fiat might better apply to central bank issued currencies utilizing blockchain technology. Bank issued crypto will likely be exactly identical to fiat, and not contain many of the intrinsic properties which define true crypto currencies.

There may be an angle here worth mentioning. The way things are now, central banks utilize the same SWIFT network. All central banks of the world relying upon the same monolithic electronic transaction system provides incentive towards centralization. However, if central banks issue their own crypto currencies, what could happen is instead of a centralized network of banking, we'll see a splintering of that unified front. And instead central banks could gradually become more independent of each other.

Blockchain is like that "so-easy-a-caveman-could-do-it" commercial. Its like a "banking for dummies" book written in software. Crypto fiat could make banking so easy that centralized bankers will become independent enough to break away from each other. It might be compared to the Soviet Union in a post collapse era where a single unified USSR split into independent nation states.

I don't know if I'll live to see it, but would be interesting to know if the way I'm seeing things going pans out over the long term.

kreed.wenti

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Royal Bank of Canada: capitalization of the Crypto-currency will reach a mark of 10 trillion dollars

The report, conducted by the Royal Bank of Canada (RBC), found that crypto-currencies and blockchain technology can achieve market capitalization of 10 trillion dollars. According to Mitch Steves and Amit Daryanini, we are witnessing the beginning of the crypto-currency boom. The total market capitalization of the Crypto currency has reached 772 billion. A year ago it was 17 billion dollars.

Last year there was an unexpected growth of the Crypto-currency. The market received incredible support in 2017 year from important investors. Big money starts to flow into the system, and this will continue for the next year. For analysts, RBC is just the beginning.

More

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