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A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
Countries are pushing towards going cashless, that means every street drug dealer will end up using bitcoin. Illegal drug market is valued at $360 billion. Bitcoin's market cap would need to double to handle this.
Think about it, digital dollar is coming, other countries are pushing to get rid of cash too. Some of it is to push to get tax money, other reason is to push negative interest rates, among other reasons. There way more black market transactions that just drugs, but drugs alone is valued at $360 billlion. Bitcoin would need to double to handle that. Meaning price will go up at minimum +100% I know this isn't the best reason for bitcoin to go up, but the underlying economics of it still hold true.
From my understanding, market cap price is quantified by the amount of bitcoin out in the wild- which I get, but is this not taking into consideration the amount of forever lost/Satoshi's stash? If these parameters aren't included in the market cap, wouldn't the actual market cap be much higher?
Bitcoin market cap will match JPMorgan’s if the $16.5K CME gap closes
This post was originally published on this siteThis post was originally published on this siteThe sentiment around Bitcoin (BTC) has become noticeably positive after the breakout above $12,000 in August. If this momentum continuously strengthens over the medium term and BTC hits $16,500, it would equal JPMorgan’s market cap. Earlier today MMCrypto, an on-chain analysis firm, outlined major financial and tech conglomerates’ […]
Bitcoin Mining Rewards . The first 18.5 million bitcoin have been mined in the ten years since the initial launch of the bitcoin network. With only three million more coins to go, it might appear ... Statistics. The Bitcoin price is currently $ 10,753 with a 24-hour trading volume of $ 18.05B across 198 exchanges. The BTC price is up 0.32% in the last 24 hours. The Bitcoin price prediction sentiment is currently bullish. Bitcoin reached its highest price on December 17, 2017, when it was trading at its all-time high of $ 19,927. It has a circulating supply of 18.50M BTC with a total supply ... Market Cap: $349,737,591,238 ... Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009. Trillion dollar market cap. As you can see in the chart above, Bitcoin could be worth $33,000 when the total crypto market cap reaches $1 Trillion. In the long-term (3-5 years), we expect crypto market cap to exceed $5 Trillion dollars in the total market cap. Bitcoin’s value adjusted for this market cap will give us $166,000 per bitcoin. Information. The market value of all Bitcoin Core (BTC) in circulation. Market Capitalization = (Price of 1.0 BTC) x (Total bitcoins in circulation)Similar to the way the Market Capitalization of a company reflects the perceived worth of its business, the Market Capitalization of Bitcoin Core (BTC) reflects the perceived worth of Bitcoin Core (BTC) as a value network.
The Road to a $1trillion Bitcoin market cap- Caitlin Long ...
On the Road to a $1trillion Bitcoin market we have encountered some wild dudes. A few have completely changed their tunes. Back in 2017 before Richard's infamous Bitcoin price drop video I had ... This Model Predicts a $100 Trillion Bitcoin Market Cap! (PlanB S2F Model) Young And Investing. ... It also predicts a BTC market cap of $100 trillion when the SF of Bitcoin will be around 1000, or ... Charlie Lee has conviction and he will never stray from the road leading to a $1trillion Bitcoin Market Cap! It is always an honor to have one of the most honest men in Bitcoin and cryptocurrency ... Road to a $1trillion Bitcoin market cap- The 210,000 block theory! Number of BTC millionaires - Duration: 20:31. Proud Zionist Jew 145 views. 20:31. We are one day closer to a Bitcoin $1trillion market cap! There have been a lot of bumps, pumps, dumps, and noise on the road to $1trillion (and there will be more of the same in the future).