Topic: What happens when bitcoin's market cap hits $1B? - page 2. (Read 3821 times)
I think that depends on if bitcoin hits $1B because the current value skyrockets 4x or it goes up 2x and we have twice as many coins as we have now (IE: in still quite a few years)
Probably, some larger enterprises will start accepting bitcoins as a payment. Which will in turn cause further mkt cap increase, which triggers more adoption, which...
But there also exists a possibility that nothing significant will happen at 1B scale.
But there also exists a possibility that nothing significant will happen at 1B scale.
A $1B enterprise barely makes a news story anymore. If Bitcoin is truly to be a global phenomenon, it will need to surpass that. Wait for it... wait for it...
Then it's big enough for me to run a number of services.
Could certainly be years, but it seems to me that this would be a milestone that would get A LOT of attention. Suddenly lots of folks with real money who've been on the sidelines or dismissed bitcoin as a small toy would take another look.
Or would such an effect not really happen until $10B or $100B? After all, there are quite a few people with 9 figure net worth. Might take a market cap several orders of magnitude bigger to get them interested and active.
Or would such an effect not really happen until $10B or $100B? After all, there are quite a few people with 9 figure net worth. Might take a market cap several orders of magnitude bigger to get them interested and active.
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