Why does everyone think Bitcoin is going to go over $10,000 a unit when gold, platinum, silver, palladium and rhodium haven't done that just from worldwide investor pushing. A hell of a lot more people trade in precious metals than Bitcoin so I really can't see it happening.
When forex trading currency pairs you are incredibly happy when you can make 2-3% a quarter but everyone expects a 2000% profit for Bitcoin in a year or two? That's just looney.
Be happy it's somewhat stable. You could easily wake up and wonder what happened to all your money in the middle of the night.
Because bitcoin is still a very very small market.
If you want to buy all the gold in the world, you'd need almost 8 trillion dollars.
If you want to buy all bitcoin currently in circulation, you'd need only 10 billion dollars. So nearly 1000 times less.
Bitcoin has way more use-cases than gold, and could easily replace most of the gold market, but not only that, it could also take a big share of money other markets.
Bitcoin EASILY is worth a multi-trillion dollar market cap. But to reach a trillion dollar market cap, bitcoin needs to be worth much more.
And FYI, a few trillion dollar is not a lot anymore in today's world, especially not for game-changing products targeting global markets.
Apple has a market cap of 0.583 trillion.
Google has a market cap of 0.555 trillion.
Those are large companies, but they are still only companies.
Bitcoin is so much more.
Explain me how bitcoin can stay UNDER a trillion dollar market cap.It won't stay there, it can't.
Bitcoin will easily be worth $100,000+ based on this alone. And don't be surprised for it to hit multiple millions per coin.