If you think that we will never see a $1M Bitcoin (or leading cryptocurrency), consider that the stock market may be worth QUADRILLIONS of dollars by the time most of us retire. - Cryptocurrency Reporters - A Light To Cryptocurrency World

Sunday, 1 April 2018

If you think that we will never see a $1M Bitcoin (or leading cryptocurrency), consider that the stock market may be worth QUADRILLIONS of dollars by the time most of us retire.


No one is saying that we will see a $1 million dollar Bitcoin(1) this year, but I think this sub is unusually affected by shortsightedness. A $1 million dollar Bitcoin would put Bitcoin's market cap at $21 trillion. That would be worth about 20% of today's total stock market. I agree that is a lot, and more than it deserves at its current level of adoption. But the stock market is growing by about 10% per year on average, so that means in 10 years it could be worth $250 trillion, in 20 years $700 trillion, in 30 years $1.7 quadrillion. That is a mind boggling number, but history tells us that is what we should expect. A $1M Bitcoin would be worth 1% of that.(1)I'm using Bitcoin simply because it is the leader right now. It could be any well designed cryptocurrency.Crypto is growing much faster because there are fewer barriers to entry than there ever were for traditional investing, and the infrastructure is only getting better and more user friendly. The crypto space already has several asset backed tokens for gold or small businesses in development, and it is almost certain that more mature developments will take place in the coming months and years. The primary cryptocurrencies will be closely tied to the funding of all these asset backed tokens. A blockchain based trust system of transferring funds is every bit as valid as a banking system, if not more so as many of us believe, so there is no reason why more companies will not move to the simplicity of using tokens as investment vehicles instead of the bureaucratic process of "going public". When this matures to a high number of profitable companies actually sharing profits, the crypto space and its currencies deserve to be worth 20% of the global stock market, and certainly at least 1%. via /r/CryptoCurrency https://ift.tt/2GIGYeZ No one is saying that we will see a $1 million dollar Bitcoin(1) this year, but I think this sub is unusually affected by shortsightedness. A $1 million dollar Bitcoin would put Bitcoin's market cap at $21 trillion. That would be worth about 20% of today's total stock market. I agree that is a lot, and more than it deserves at its current level of adoption. But the stock market is growing by about 10% per year on average, so that means in 10 years it could be worth $250 trillion, in 20 years $700 trillion, in 30 years $1.7 quadrillion. That is a mind boggling number, but history tells us that is what we should expect. A $1M Bitcoin would be worth 1% of that.(1)I'm using Bitcoin simply because it is the leader right now. It could be any well designed cryptocurrency.Crypto is growing much faster because there are fewer barriers to entry than there ever were for traditional investing, and the infrastructure is only getting better and more user friendly. The crypto space already has several asset backed tokens for gold or small businesses in development, and it is almost certain that more mature developments will take place in the coming months and years. The primary cryptocurrencies will be closely tied to the funding of all these asset backed tokens. A blockchain based trust system of transferring funds is every bit as valid as a banking system, if not more so as many of us believe, so there is no reason why more companies will not move to the simplicity of using tokens as investment vehicles instead of the bureaucratic process of "going public". When this matures to a high number of profitable companies actually sharing profits, the crypto space and its currencies deserve to be worth 20% of the global stock market, and certainly at least 1%.

No one is saying that we will see a $1 million dollar Bitcoin(1) this year, but I think this sub is unusually affected by shortsightedness. A $1 million dollar Bitcoin would put Bitcoin's market cap at $21 trillion. That would be worth about 20% of today's total stock market. I agree that is a lot, and more than it deserves at its current level of adoption. But the stock market is growing by about 10% per year on average, so that means in 10 years it could be worth $250 trillion, in 20 years $700 trillion, in 30 years $1.7 quadrillion. That is a mind boggling number, but history tells us that is what we should expect. A $1M Bitcoin would be worth 1% of that.

(1)I'm using Bitcoin simply because it is the leader right now. It could be any well designed cryptocurrency.

Crypto is growing much faster because there are fewer barriers to entry than there ever were for traditional investing, and the infrastructure is only getting better and more user friendly. The crypto space already has several asset backed tokens for gold or small businesses in development, and it is almost certain that more mature developments will take place in the coming months and years. The primary cryptocurrencies will be closely tied to the funding of all these asset backed tokens. A blockchain based trust system of transferring funds is every bit as valid as a banking system, if not more so as many of us believe, so there is no reason why more companies will not move to the simplicity of using tokens as investment vehicles instead of the bureaucratic process of "going public". When this matures to a high number of profitable companies actually sharing profits, the crypto space and its currencies deserve to be worth 20% of the global stock market, and certainly at least 1%.

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