100K+ BTC/USD [BITCOIN] SCENARIO
Updated
First, I want everyone to know that I'm doing this just for fun!
SO -- Here's a potential scenario for BTC/USD to hit 100k+ by the end of the year.
Now I know everyone gets emotional when analysts try to predict the future as if they have a crystal ball. Sometimes we may even think they are using a Magic 8 Ball for all their predictions.
However, I have made plenty of bear-predictions on BTC this year and thought it might be fun to play around with some bullish BTC predictions for 2018-2019. [C'mon everyone is entitled to their opinion]
I DO recognize 100k+ that will do to the market cap of BTC in under 1 year.
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Current Price: $9,100 (around)
Current Market Cap: $154,825,470,592
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Future Price: $121,667 (because the price increase would be 1337.0%) --- Why not?
Future Market Cap: $2,070,016,541,815 (What?! Over 2 TRILLION dollars?)
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There's an estimated 80 TRILLION dollars in the world. If Bitcoin made a run up to 2 Trillion dollars in Market Cap (which I agree is unlikely) it would only represent 2.5% of all the money in the world.
When you look at it like that, it doesn't seem TOO ridiculous does it?
Economists estimate that only 8 percent of the world's currency exists as actual physical cash. The rest exists only on a computer hard drive, in electronic bank accounts around the world.
If you truly believe that crypto-currency is the future, is it really hard to believe that BTC can hit 100k?
What I do know for a FACT is that this year will be a very interesting year for everyone!
I'll do my best to keep this post up-to-date even if I'm horribly wrong and everyone hates me for posting this in the first place :P
Best,
Dan
SO -- Here's a potential scenario for BTC/USD to hit 100k+ by the end of the year.
Now I know everyone gets emotional when analysts try to predict the future as if they have a crystal ball. Sometimes we may even think they are using a Magic 8 Ball for all their predictions.
However, I have made plenty of bear-predictions on BTC this year and thought it might be fun to play around with some bullish BTC predictions for 2018-2019. [C'mon everyone is entitled to their opinion]
I DO recognize 100k+ that will do to the market cap of BTC in under 1 year.
-------------------------------------------------
Current Price: $9,100 (around)
Current Market Cap: $154,825,470,592
-------------------------------------------------
Future Price: $121,667 (because the price increase would be 1337.0%) --- Why not?
Future Market Cap: $2,070,016,541,815 (What?! Over 2 TRILLION dollars?)
-------------------------------------------------
There's an estimated 80 TRILLION dollars in the world. If Bitcoin made a run up to 2 Trillion dollars in Market Cap (which I agree is unlikely) it would only represent 2.5% of all the money in the world.
When you look at it like that, it doesn't seem TOO ridiculous does it?
Economists estimate that only 8 percent of the world's currency exists as actual physical cash. The rest exists only on a computer hard drive, in electronic bank accounts around the world.
If you truly believe that crypto-currency is the future, is it really hard to believe that BTC can hit 100k?
What I do know for a FACT is that this year will be a very interesting year for everyone!
I'll do my best to keep this post up-to-date even if I'm horribly wrong and everyone hates me for posting this in the first place :P
Best,
Dan
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