What is your anticipation on bitcoin market capitalization as for 2030 - page 3.

Asiska02

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Quote from: Egii Nna on August 13, 2023, 09:53:07 AM

I went on a research on the history of bitcoin, on the process of the research I found out that as of 28 march 2013 bitcoin market capitalization passed $1 billion, which I came to realize if with the high rapid spread of bitcoin global and the introduction of new ways and methods of mining and new traders what is your anticipation on bitcoin market capitalization as of 2030?

This is a rhetorical question and no one can tell you confidently and be certain that this will be the anticipated bitcoin market capitalization in 2030. All the replies you’ll get here are all based on speculations coming from past events, market movements etc. What you need to know is that the bitcoin market capitalization will continue to increase and will surpass the previous amount after every year and halving cycles. It might experiences some back drops at some point, but it is not definite to remain so for long and will have a higher price between each halving cycles.

Silberman

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Quote from: flyingcarpet on September 04, 2023, 07:14:20 AM

Quote from: kryptqnick on August 14, 2023, 09:07:34 AM

The Bitcoin's market cap is currently 0.57 trillion dollars, which is already pretty significant, and since the supply is growing very slowly, I think it's ultimately the question of the price and going from there to capitalization. I believe that by 2030, Bitcoin can get to 2 trillion dollars in capitalization, perhaps a bit higher than that. But I'd be surprised if it gets above 5 trillion, to be honest, because I just feel like Bitcoin growth has been slowing down for a while (compare the jump from $1k to $19k in 2017 with $30k to $67k in 2021).

I think Bitcoin will surprise us in the coming years. The progress of something can be at a certain rate up to a certain level, but after a point, this progress can jump in an instant. There is also this possibility for Bitcoin. Therefore, it is very difficult to predict. I think it will be many times more than it is today, but I have no idea how many times more it will be.

For example, if governments accept Bitcoin legally in the coming years, the numbers we predict may be very low.

It is possible, we must not forget that bitcoin is a network, and just like on the early stages Facebook was only used by a small community of people, at some point the number of users reached a high level and eventually almost everyone all over the world was using Facebook in a short amount of time, so a similar situation could happen with bitcoin, however no one really knows how high the level of adoption needs to be in order for that to happen.

flyingcarpet

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Quote from: kryptqnick on August 14, 2023, 09:07:34 AM

The Bitcoin's market cap is currently 0.57 trillion dollars, which is already pretty significant, and since the supply is growing very slowly, I think it's ultimately the question of the price and going from there to capitalization. I believe that by 2030, Bitcoin can get to 2 trillion dollars in capitalization, perhaps a bit higher than that. But I'd be surprised if it gets above 5 trillion, to be honest, because I just feel like Bitcoin growth has been slowing down for a while (compare the jump from $1k to $19k in 2017 with $30k to $67k in 2021).

I think Bitcoin will surprise us in the coming years. The progress of something can be at a certain rate up to a certain level, but after a point, this progress can jump in an instant. There is also this possibility for Bitcoin. Therefore, it is very difficult to predict. I think it will be many times more than it is today, but I have no idea how many times more it will be.

For example, if governments accept Bitcoin legally in the coming years, the numbers we predict may be very low.

GigaBit

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Quote from: Egii Nna on August 13, 2023, 09:53:07 AM

I went on a research on the history of bitcoin, on the process of the research I found out that as of 28 march 2013 bitcoin market capitalization passed $1 billion, which I came to realize if with the high rapid spread of bitcoin global and the introduction of new ways and methods of mining and new traders what is your anticipation on bitcoin market capitalization as of 2030?

At each bull run, Bitcoin surpasses its previous all time high price. If the halving event is added to this, the value of Bitcoin will definitely increase tremendously. Such an environment has already been created among investors. Everyone wants to increase their investment in Bitcoin. Many are already completing their investments and many are preparing. Recently Bitcoin is a bit bearish for the time being, but it is fully poised to turn bullish. If halving happens every four years then we expect a halving event in 2024 and then another one will happen before 2030. So one can easily imagine how much Bitcoin will reach at that period. But based on the market potential we can expect minimum 3 trillion market cap by 2030.

Nrcewker

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There is still a a lot of time for 2030 to be honest. During this anything and everything can happen. Yes from the past you can estimate that adoption of Bitcoins have increased a lot. Now more people is demanding to accumulate Bitcoins, but as we know that Bitcoins are limited in numbers, hence the price will go up, in order to meet the demand. I am assuming Bitcoins will become one of the biggest digital asset by the end of 2030.

bitterguy28

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Quote from: Egii Nna on August 13, 2023, 09:53:07 AM

I went on a research on the history of bitcoin, on the process of the research I found out that as of 28 march 2013 bitcoin market capitalization passed $1 billion, which I came to realize if with the high rapid spread of bitcoin global and the introduction of new ways and methods of mining and new traders what is your anticipation on bitcoin market capitalization as of 2030?

so you are asking for a 13 year market capitalization difference when we are in 7 years before 2030 comes,
from a billioin in 2013 look how far it crossed? https://coinmarketcap.com/currencies/bitcoin/ I don't wanna exaggerate but sure it will not fall bellow a trillion or 2?
because it already hit a trillion

Bitcoin (BTC) had the highest market capitalization of $1.28 trillion on November 9, 2021. Any cryptocurrency's market capitalization is determined by multiplying its current price by the total number of coins or tokens in circulation.

https://www.google.com/search?q=highest+bitcoin+capitalization&rlz=1C1KNTJ_enPH946PH946&oq=highest+bitcoin+capitalization&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIICAEQABgWGB4yCggCEAAYhgMYigXSAQkxMzUwMmowajeoAgCwAgA&sourceid=chrome&ie=UTF-8

so i think it will be more than doubled in that long 7 years from now.

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Quote from: stompix on August 14, 2023, 03:39:28 PM

Quote from: SamReomo on August 13, 2023, 12:27:32 PM

It's expected that the market capitalization of Bitcoin is going to be around 10 to 15 trillion by 2030 but it's still too early to predict that how high the market cap will go by then. The Bitcoin is going to get its upcoming halving event in 2024 and the next one after that is expected to be anywhere around 2028, and if we look at the history of Bitcoin then after each halving event the price as well as the market cap of Bitcoin has got quite noticeable growth.

And if we look in pure terms of $, from 2009 till now the market cap has grown in 14 years from 0 (let's say) to $500 billion. Now, to reach 15 trillion in 2030 it would need to grow 30 times more in half that interval, so it would need on average 60 times more investment than previously! Is it still that plausible?

I have been doing the calculation to answer the question conservatively and I believe that it will reach those levels. However, I see that you are basing your calculation on absolute figures, in millions of dollars, and I am basing it on percentages.

This cycle the maximum has been approximately 3.5X the peak of the previous cycle. Going into future cycles, as the price and market cap increases it is more difficult to move the price, I would guess an even lower percentage return of about 2.7X. That would give a peak of $0.5M for the cycle after halving, certainly by 2029 if the pattern repeats. But let's say for the sake of argument that the peak is reached by 2030. $0.5M for 20M or so Bitcoin gives us a market cap of $10T.

This is on paper, a lot can happen between now and then.

legendbtc

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Quote from: Silberman on September 02, 2023, 12:22:05 AM

Quote from: Egii Nna on August 13, 2023, 09:53:07 AM

I went on a research on the history of bitcoin, on the process of the research I found out that as of 28 march 2013 bitcoin market capitalization passed $1 billion, which I came to realize if with the high rapid spread of bitcoin global and the introduction of new ways and methods of mining and new traders what is your anticipation on bitcoin market capitalization as of 2030?

The only honest answer I can give is that its market capitalization is going to be several times higher than now, but no one really knows how high it will be as a lot can happen in seven years, after all during that period of time we will most likely see two bull runs, and it is also possible we could experiment an economic crisis at the time, increasing the awareness and adoption of bitcoin all over the world, meaning that anyone thinking about investing in bitcoin needs to do it now as it will not be long until people will be amazed you could buy bitcoin at 25k.

Predicting the capitalization of bitcoin is no different than predicting the price of bitcoin, and we all know that it is impossible. But with bitcoin's strong and almost unstoppable growth, we can only be sure that bitcoin's capitalization will skyrocket soon, but I do not believe that it can surpass gold's capitalization anytime soon, as some people predicted. As of now, the capitalization of gold is still nearly 20 times higher than bitcoin and this is quite a distance and it will not be easy for bitcoin to catch up.

Silberman

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Quote from: Egii Nna on August 13, 2023, 09:53:07 AM

I went on a research on the history of bitcoin, on the process of the research I found out that as of 28 march 2013 bitcoin market capitalization passed $1 billion, which I came to realize if with the high rapid spread of bitcoin global and the introduction of new ways and methods of mining and new traders what is your anticipation on bitcoin market capitalization as of 2030?

The only honest answer I can give is that its market capitalization is going to be several times higher than now, but no one really knows how high it will be as a lot can happen in seven years, after all during that period of time we will most likely see two bull runs, and it is also possible we could experiment an economic crisis at the time, increasing the awareness and adoption of bitcoin all over the world, meaning that anyone thinking about investing in bitcoin needs to do it now as it will not be long until people will be amazed you could buy bitcoin at 25k.

Agbamoni

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This is pretty fascinating. Bitcoin has been growing really fast, and it's likely that by 2030, there will be twice as many people using Bitcoin. But here's the thing, even though there will be a lot of addresses holding Bitcoin, only a few will be holding it for a long time.

About three years ago, Bitcoin's total value went up to around $80 billion, which was even more than Facebook's value. It jumped by almost $100 billion in just one week. During all this time until now, many Bitcoins have been lost and can't be used anymore. So, the traditional market cap numbers are not very representative of what actually exists.

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Quote from: Egii Nna on August 13, 2023, 09:53:07 AM

I went on a research on the history of bitcoin, on the process of the research I found out that as of 28 march 2013 bitcoin market capitalization passed $1 billion, which I came to realize if with the high rapid spread of bitcoin global and the introduction of new ways and methods of mining and new traders what is your anticipation on bitcoin market capitalization as of 2030?

I assume that it strongly depends on dollar inflation rate. Until 2030, many dramatic things can happen to both parts of BTC/USD ratio. Capitalisation may increase not due to actual rise in the price of btc, but due to its stability: bitcoin can turn out to be more stable than dollar. In this case BTC won't be more expensive: it will just conserve its value, while dollar wont. The other things which may affect the capitalisaton include regulatory issues, changes in mining facilities, improvements in wallet networks, and changes in protocols.

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Quote from: stompix on August 14, 2023, 03:39:28 PM

Quote from: bittraffic on August 14, 2023, 10:42:35 AM

It was 3Trillions back in 2021.

No, it wasn't! It peaked at 1.2 trillion, for 19 million coins to be worth 3 trillion it would have needed a price of of more than $150k per coin, and that never happened.
~snip~

It's funny how some people pull numbers out of their hats as if there is no difference between $1 trillion or $3 trillion, and if you ask them how much $1 trillion (billions or maybe millions) is, I wonder how many of them would know the answer to that question...

No one can give a precise answer to such questions, so perhaps it is best to say that in 2030 all mined BTC will certainly be worth much more than today, even if the price remains the same as today.

If we take into account the scenario that, for example, the price of 1 BTC around 2030 will be $200 000 and that at the beginning of the same year 20 425 781.25 will be mined, then the total value would be around $4 trillion. I think that is a realistic number, although some will think that by then the price of BTC should be much higher than I assumed, but that is not an obstacle to play with the numbers a little and make your own speculation Wink

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Quote from: SamReomo on August 13, 2023, 12:27:32 PM

It's expected that the market capitalization of Bitcoin is going to be around 10 to 15 trillion...

That's a huge number and with that capitalization meaning bitcoin will surpass the gold market cap, I don't think bitcoin will do that unless by 2030 it's recognized worldwide. Although bitcoin has had impressive growth in the past, its growth rate is gradually slowing down because the bigger it gets, the slower it will grow. Currently bitcoin's market cap is just over $500 billion and to reach $10 trillion that means bitcoin needs to grow 20x from now, I don't believe bitcoin will.

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Quote from: Egii Nna on August 13, 2023, 09:53:07 AM

I went on a research on the history of bitcoin, on the process of the research I found out that as of 28 march 2013 bitcoin market capitalization passed $1 billion, which I came to realize if with the high rapid spread of bitcoin global and the introduction of new ways and methods of mining and new traders what is your anticipation on bitcoin market capitalization as of 2030?

To calculate a Bitcoin market capitalization, you must have its total supply and its price or you will need its circulating supply for diluted market capitalization.

To simplify, you can think of Bitcoin price in 2030. In that year, Bitcoin will have to go through 2024, 2028 halvings, two more halvings. If $69k is top of 2020 - 2021 bull run, I expect Bitcoin will make two new all time highs after 2024 and 2028 halvings. I think it is realistic for Bitcoin to make its price to $150,000 or $200,000 in 2030.

But remember 2030 will be a bear market, not bull market so price from $150,000 or $200,000 is my expectation for Bitcoin price as its highest price in 2028 - 2029 bull market, not in 2030.

mindrust

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Quote from: Egii Nna on August 13, 2023, 09:53:07 AM

I went on a research on the history of bitcoin, on the process of the research I found out that as of 28 march 2013 bitcoin market capitalization passed $1 billion, which I came to realize if with the high rapid spread of bitcoin global and the introduction of new ways and methods of mining and new traders what is your anticipation on bitcoin market capitalization as of 2030?

Multiple trillion dollars probably. Bitcoin has a limited supply and lots of demand from people. The prices can only go one way and it is not down. Till 2030, 2 more halvings will happen and bitcoin will become even more scarce than now. It will be very hard to mine new coins and that means the prices will skyrocket to the moon. I am not sure about this but even 10 trillion use marketcap is possible. You may find it impossible right now but remember, people thought $10k/btc or $50k/btc was impossible too and yet both of them happened anyway.

FanEagle

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I am sure that it is going to be something major, I can't give you the exact number but I am sure that it will be a huge number when the time comes. We just need to make sure that it does as well as we hope it does. 2030 means that it is going to be pretty high, and that is why we need to be more careful about it.

A lot of people are still worried about the situation a lot, but that doesn't mean that we are going to act according to those who are worried, we are going to move according to what the market says and the market will take it higher and higher by that time. This is why I constantly invest into bitcoin, that is definitely the best way to invest for me and I will keep doing that as much as I can.

Afnan_faizah

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become early adopter always the best thing that we can do, the market capitalization is tend to rise also the price will also rise although it's also volatile. but it will not give us significant benefits if we don't have any bitcoin. I saw many people disappointed because they sold their bitcoin, I think it will be better if we hold btc in long term.

GreatArkansas

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What I am really expecting for Bitcoin is we will have a new all-time high price besides the $69,000 ATH.

We can easily get back to the current all-time high especially if we will experience the parabolic run that happened on last 2017-2018 when $20,000 peaked and dropped after it.
That's what I am looking forward to, if we breach the current all-time high, then that all-time high will become huge support that we will visit again just to test.

stompix

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Quote from: bittraffic on August 14, 2023, 10:42:35 AM

It was 3Trillions back in 2021.

No, it wasn't! It peaked at 1.2 trillion, for 19 million coins to be worth 3 trillion it would have needed a price of of more than $150k per coin, and that never happened.

Quote from: Egii Nna on August 13, 2023, 09:53:07 AM

and the introduction of new ways and methods of mining

Yeah, fracking, dredging, lunar mining, and so on!
You can't introduce "new" methods of mining without changing Bitcoin and that would mean the end of it.

Quote from: SamReomo on August 13, 2023, 12:27:32 PM

It's expected that the market capitalization of Bitcoin is going to be around 10 to 15 trillion by 2030 but it's still too early to predict that how high the market cap will go by then. The Bitcoin is going to get its upcoming halving event in 2024 and the next one after that is expected to be anywhere around 2028, and if we look at the history of Bitcoin then after each halving event the price as well as the market cap of Bitcoin has got quite noticeable growth.

And if we look in pure terms of $, from 2009 till now the market cap has grown in 14 years from 0 (let's say) to $500 billion. Now, to reach 15 trillion in 2030 it would need to grow 30 times more in half that interval, so it would need on average 60 times more investment than previously! Is it still that plausible?

Quote from: Wimex on August 14, 2023, 03:16:09 PM

Another factor that could have a considerable impact on bitcoin's market capitalization would be the deflationary nature of Bitcoin, with a maximum supply of 21 million coins, it would manage to influence its value as fewer coins are mined over time.

Bitcoin is not deflationary right now and won't be till 2030 either, the fact that you still have more Bitcoins getting mined every day is clearly a sign of this, you have an increased supply of coins!

lionheart78

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Given the thought that Bitcoin will break its ATH for more than 200% and then go down by around 50% the following cycle and Break its ATH for more than 100%, I do not think that Bitcoin will breach the Quadrillion dollar market cap, so yeah just like the anticipation of the first reply, Bitcoin might be in a Trillion dollar market cap by 2030. There is nothing more to add because this is just an speculation, after all no one knows the future.

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