Bitcoin: A little perspective
Bitcoin has plenty of runway ahead of it.
We all know that the bitcoin market is not very big, but sometimes it helps to see some visuals.
Check this chart out:
(Source: https://twitter.com/tommyp408/status/1053803966947971072)
Currently bitcoin falls somewhere between Jeff Bezos and Bill Gates.
Those are people by the way, not the total valuation of a global money supply which may one day eclipse the value of all fiat money globally.
Some takeaway...
Currently, bitcoin is worth roughly $113 billion.
Less than Apple, Facebook, Facebook, Visa, and even Netflix.
Again those are all companies.
What's more, bitcoin would have to increase by 10x from current levels just to equal the same amount as the current valuation of Apple.
The** ENTIRE** crypto market is worth roughly $210 billion.
Meaning it would have to increase by 5x just to be worth what Apple is valued at currently.
Gold, we are coming for you...
Bitcoin is most often referred to as digital gold. A store of value that is easier to transfer, easier to use, and easier to store than gold.
Gold is currently worth almost $8 trillion.
If bitcoin were to take the entire gold market, we would have to see a price increase of 80x from current levels.
I am not sure we take the entire gold market any time soon, but you get the idea of the potential here.
Taking just 25% of the gold market means bitcoin would have to increase by 20x from current levels.
Stay informed my friends.
Follow me: @jrcornel
Additionally, if any billionaire suddenly decided to invest in any coin, because he thought it made sense for whatever reason, they could pretty much pump it with their own pocketbook...which is rather frightening to think of...
Yep, that is part of the reason many of these coins are having trouble being approved by regulators. Too prone to manipulation.
Just a matter of time crypto will be in the top 3 ;)
Gold - Bitcoin parity would mean 1 Bitcoin = 500K$ and 1 Bitcoin would equal roughly 10kg of gold.
Correct. It certainly is possible. The only question I have is, what will the dollar be able to buy if bitcoin is worth $500k?!
We are still in very early stages :)
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Yes, that is the hope for sure.
Might take another 10 years or a generation change
Yes, millennials are much more likely to purchase and use bitcoin than older generations.
bu sadece btc ile ilgili değil bu kriptopara evreni için doğum sancısı
Not sure what this says...
This will take some time, yeah. We just can sit back and watch it all happen in front of us. Then we feel joy because we were here from the begginning!
Yes, that would be nice for sure.
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Tell me the next coin about to pump please.
i have one will be 300%