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Topic: What happens when bitcoin's market cap hits $1B? (Read 3821 times)

hero member
Activity: 3010
Merit: 794
February 19, 2021, 01:31:42 PM
#25
Just hit $1 trillion. Turns out the deep pockets got very interested at around $300B.

What a crazy 8 years.


Wow great thread! I bought my first BTC just a few days before you made the post about $10B market cap.

Found it funny you talking about possibly institutions coming in at $10B back in 2013. It took all the way to late 2020 as you say aound $300B for those institutions to actually start arriving in any real amount but they are here now and growing and they quickly drove BTC to $1 trillion!

Please bring this thread back when btc hits $10 trillion later this decade! Smiley

$10 Trillion? This time it would really be hard to predict but hey, this is just similar when this thread had been created where those fellas do only talk about 10B marketcap

but now we are sitting on trillion which we do consider or calculate the growth then its really unbelievable on how far we have grown.Im just new to this market compared to those 2012-2014 early
people who do get engage with bitcoin but it just good to see that these old threads had been bumped up and just reminded on how those good old days where people do
just speculate into something which they believe that it is hard to attain.

Well, this is really a very good ride for those who had able to held up their coins for a decade or even to those on 8 years.
hero member
Activity: 2240
Merit: 848
Just hit $1 trillion. Turns out the deep pockets got very interested at around $300B.

What a crazy 8 years.


Wow great thread! I bought my first BTC just a few days before you made the post about $10B market cap.

Found it funny you talking about possibly institutions coming in at $10B back in 2013. It took all the way to late 2020 as you say aound $300B for those institutions to actually start arriving in any real amount but they are here now and growing and they quickly drove BTC to $1 trillion!

Please bring this thread back when btc hits $10 trillion later this decade! Smiley
legendary
Activity: 1722
Merit: 1004
Just hit $1 trillion. Turns out the deep pockets got very interested at around $300B.

What a crazy 8 years.
legendary
Activity: 1036
Merit: 1000
According to Yahoo Finance, there are 2170 billionaires in the world now. A few done, quite a few to go.
sr. member
Activity: 354
Merit: 250
Yeah, who do we have so far?

Cameron and Tyler Winklevoss
Richard Branson
Kim Dotcom
Chamath Palihapitiya
Peter Thiel
Michael Novogratz

Still not many apart from Chamath investing other people's money into it yet though.
legendary
Activity: 1722
Merit: 1004
Well, now that we're approaching a $10B market-cap, I figured it's worth discussing these milestones again.

High-Net-Worth-individual money has certainly been flowing into bitcoin, but still very little institutional money. Does that start to happen with "market-cap" > $10B?
legendary
Activity: 1036
Merit: 1000
Then it's big enough for me to run a number of services.

What services?  Grin
full member
Activity: 201
Merit: 101
https://playt.in
I started this thread less than 2 months ago. Never thought it would happen this fast.

Furthermore, the manner in which it has happened kind of invalidates the question. I was assuming we'd have a slow march to this market cap, which would then maybe trigger a news cycle. I didn't think there'd be an explosive news cycle all of a damn sudden that would 4x the market cap in weeks.


Welcome to Bubble 2.0  Grin

Maybe soon cBTC will have single digits... Cheesy
legendary
Activity: 2198
Merit: 1311
I started this thread less than 2 months ago. Never thought it would happen this fast.

Furthermore, the manner in which it has happened kind of invalidates the question. I was assuming we'd have a slow march to this market cap, which would then maybe trigger a news cycle. I didn't think there'd be an explosive news cycle all of a damn sudden that would 4x the market cap in weeks.


Welcome to Bubble 2.0  Grin
legendary
Activity: 1722
Merit: 1004
I started this thread less than 2 months ago. Never thought it would happen this fast.

Furthermore, the manner in which it has happened kind of invalidates the question. I was assuming we'd have a slow march to this market cap, which would then maybe trigger a news cycle. I didn't think there'd be an explosive news cycle all of a damn sudden that would 4x the market cap in weeks.
full member
Activity: 136
Merit: 100
Quote
What happens when bitcoin's market cap hits $1B?

Ben would sold his printing machines and preorder at BFL.  Cheesy


Haha!

bitcointip tpantlik +a bit more than a solitary satoshi for that jibe!

Oh thanks!  Smiley
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
Quote
What happens when bitcoin's market cap hits $1B?

Ben would sold his printing machines and preorder at BFL.  Cheesy


Haha!

bitcointip tpantlik +a bit more than a solitary satoshi for that jibe!
full member
Activity: 136
Merit: 100
Quote
What happens when bitcoin's market cap hits $1B?

Ben would sold his printing machines and preorder at BFL.  Cheesy
legendary
Activity: 1190
Merit: 1000
www.bitcointrading.com
If bitcoins were $93.03 today, we would have a market cap of $1B. 

Which means Laszlo would have paid $930k for those pizzas back in May 2010 Smiley
legendary
Activity: 1106
Merit: 1001
There may be some downward pressure on the BTC/USD exchange rate when bitcoin breaks through $1 billion, but it won't stop the overall trend.

What I'm wondering is if at that point there will be enough trade volume to significantly reduce volatility, compared to volatility today.

In today's prices we'll probably see volatility until BTC trades for upwards of $3000 or so. This volatility relates to the fact that Bitcoin is undervalued, not overvalued.
full member
Activity: 140
Merit: 100
1221iZanNi5igK7oAA7AWmYjpsyjsRbLLZ
There may be some downward pressure on the BTC/USD exchange rate when bitcoin breaks through $1 billion, but it won't stop the overall trend.

What I'm wondering is if at that point there will be enough trade volume to significantly reduce volatility, compared to volatility today.
legendary
Activity: 1176
Merit: 1010
Borsche
bitcoin had a 3200% premium to that base on one occasion Smiley
sr. member
Activity: 266
Merit: 250
I think this could happen early next year.
The Bitcoin price increased 4x since last year.

Agreed.  Consider this trend, with checkpoints every 5 months:

After........................................A Bitcoin has never been worth less than...
Feb-2011$0.50
Jul-2011 (5 months later)$1
Dec-2011 (5 months later)$2
May-2012 (5 months later)$4
Oct-2012 (5 months later)$8

The bottom has doubled every 5 months (equating to a 15% increase in the bottom every month).  Big assumption, I know, but with this consistent growth rate, after January 2014, we will never see a price as low as $64 again.  And considering that Bitcoins have been trading at a premium of 40% over that base on occasion, I'd expect that they'll hit $1B in market cap before the end of the year.
full member
Activity: 227
Merit: 100
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)
We past the half point back in late November Smiley
There never gone be 2x bitcoins.
legendary
Activity: 1145
Merit: 1001
I think this could happen early next year.
The Bitcoin price increased 4x since last year.

I don't think it will be such a big deal as opposed to some large online business or retailer accepting Bitcoin.

For example, the recent news of Wordpress accepting Bitcoin caused a lot more attention than recently breaking the market cap record.
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
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)
full member
Activity: 120
Merit: 104
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.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
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...
hero member
Activity: 784
Merit: 1000
Then it's big enough for me to run a number of services.
legendary
Activity: 1722
Merit: 1004
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.

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