A simple case of supply and demand. Since supply is limited, and demand is growing, this is rocket fuel under the better crypto's. Of the people I talk to, NOBODY owns these things yet. Cannot imagine what will happen when the masses decide to get on board.
Total Cryptocurrency market cap has just topped $60b the US were printing about $80b a MONTH! during the QE1 and QE2. As you say once it becomes more mainstream around the world the whole sector is in for a massive re rate to the upside! and I personally feel that once that happens 10k is a little on the conservative side.
I agree and feel it is a good number at this time but in a longer term sense, quite conservative. If you add in notional value of derviatives to the total value of money, it is in the quadrillions! This means the cryptos and things like gold and silver are specks of dust in comparative value, and that inequality will be rectified at some point in the future by higher prices.
A simple case of supply and demand. Since supply is limited, and demand is growing, this is rocket fuel under the better crypto's. Of the people I talk to, NOBODY owns these things yet. Cannot imagine what will happen when the masses decide to get on board.
Total Cryptocurrency market cap has just topped $60b the US were printing about $80b a MONTH! during the QE1 and QE2. As you say once it becomes more mainstream around the world the whole sector is in for a massive re rate to the upside! and I personally feel that once that happens 10k is a little on the conservative side.
I agree and feel it is a good number at this time but in a longer term sense, quite conservative. If you add in notional value of derviatives to the total value of money, it is in the quadrillions! This means the cryptos and things like gold and silver are specks of dust in comparative value, and that inequality will be rectified at some point in the future by higher prices.
Exactly!
No. Not this year. 😜😬😬