Why Bitcoin will be $95,238,095.00 within 15 years. We are not in a Bubble!
Bitcoin will reach a conservative figure of $95 Million Dollars within 15 years! How did I get this figure? Well, there are $2,000 Trillion Dollars out there in the world. A great website that illustrates this can be found here http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/
All $2,000 Trillion Dollars will be converted to the Blockchain and into crypto currency. This transfer would equal one Bitcoin being $95 Million Dollars. This is assuming all 21 Million Bitcoins were available. Since an estimated 2 + million have been lost, the $95 Million figure will be higher. Yes, the world's monetary system is dying at a rapid pace. It will be replaced by the digital crypto blockchain technology. The sooner you get involved with crypto currencies, the sooner you can beat the global herd that will be rushing in. This is why we have seen an explosion into crypto currencies, which has started this fall (northern hemisphere).
We are no where near a bubble. Those that are saying this are threatened by crypto currencies and Bitcoin. Many industries are threatened by the blockchain technology and they must spread FUD (fear uncertainty doubt) to try and discredit Bitcoin and the other crypto's. It will be 15 years of parabolic growth before we even approach bubble territory.
Just buy and hold. Do not give into fake news and attempts to scare you out of your position. Guess why? They are the very ones who will be buying your crypto's when you panic sell!
image from: coindesk.com
Yo ,
Nice work sir
This post has received gratitude of 1.00 % from @jout
Thank you, you are always very kind!
But this assumes all monetary value will be allocated to a single coin. I just don't see it.
I like bitcoin and I think it serves a purpose but it is not going to be the coin that stores the entire wealth of the world. In my opinion.
Correct it will not be allocated to a single coin but in an article I wrote a little over a week ago, I explain how BTC is much more than a crypto currency. Check out the reasoning here and let me know what you think https://steemit.com/bitcoin/@jetblake/important-fact-about-bitcoin-and-why-it-could-be-usd1-000-000-00-within-5-years
I just don't see it like you. I love BTC but I am a bit more conservative on my estimates. If you are right then we both win. Ha.
Great article, I agree that the price of bitcoin will be on the rise, but I disagree you just hold onto all of your bitcoin, if nobody uses Bitcoin then the prices will only go down
Well I thought about that at first. BTC will be used but most likely for high end purchases such as international trade settlement, car, home, student loans etc. Most likely LTC, BCH, Dash or others will be used for daily purchases such as coffee, shoes, etc. Bitcoin is also much more than a crypto currency. Check out this article I wrote a week ago and let me know what you think. https://steemit.com/bitcoin/@jetblake/important-fact-about-bitcoin-and-why-it-could-be-usd1-000-000-00-within-5-years
Love your post dude! will you have a mini tutorial how to utilize margin trading such as GDAX and bitmex to make max gains?
Not yet. Need more time in a day to get to it. LOL