Fintech megashifts are happening.

To recap, here's a little something I've written about 11 months ago:-

Plenty of space for growth in cryptoland. We have seen Bitcoin, Ethereum, and other cryptocurrencies enjoying huge growths, even from their ICO (Initial Coin Offering). Future prospects are looking bright as well. Every cryptocoin is a set of values, and people buy into them. If every person has their own cryptocurrency, even better.

Consider this: Cryptospace at time of writing is approximately a 11-14 billion USD market. Fiatspace, or forex is approximately 6-7 trillion USD in market size. As more fiat gets sucked into crypto, the opportunities for ultra low-risk investing and market-filling becomes evident. Even if cryptospace takes 10% of fiatspace, the upside is more than thirty-fold.

Today, market capitalisation is at 89 billion dollars.

The crazy thing here is - the market was worth only 30 billion just a month ago! So it took 8 years since 2009 just to build up to a 30 billion dollar market, and then it only took a month for the next 59 billion dollars. So what's happening?

• Blockchains are an exponential technology and its effects are kicking in - rapidly growing in network, trust, liquidity, and empowerment. Here's how exponential steps begin with modest numbers until it goes way beyond any human being's linear-based thinking - 0.01, 0.02, 0.04, 0.08, 0.16, 0.32, 0.64, 1.28, 2.56, 5.12, 10.24, 20.48, 40.96, 81.92, 163.84, 327.68, 655.36, 1310.72, 2621.44, 5242.88, 10485.76, and so on. To add to that, growing belief and dependency on cryptoccurrencies are supporting the market price on its way up. People are holding onto long-term value.

• Megashift in powers are happening. Anyone can now fund anyone else without intermediaries. Individuals, organisations, and governments are getting in on the action. Authority and so-called experts are quickly becoming useless if clearly seen to be without "skin-in-the-game" on blockchain platforms. Also, the first countries to get in on magic internet money and fully adapt to it will most definitely become one of the richest countries in the future. A global market shy of 100 billion dollars is actually nothing much at all, in my opinion. Uber alone is currently valuated around the same price. What we're going through now is way beyond ride-sharing. In fact, we're dealing with the most widely used consumer product ever - money!

• Most national currencies are losing its value due to a total lack of innovation and utter waste of resources eaten up by long chains of intermediaries. When there's a lack of faith or trust, money will move elsewhere. Bitcoin surpassing gold's price by a mile and all sorts of marketing done by different cryptocurrency communities are certainly grabbing lots of attention.

So when will the market test the 1 trillion dollar mark?

"Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Yet, in spite of the ubiquity of the phenomenon, there is no word for the exact opposite of fragile. Let us call it antifragile. Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets better".
_{by Nassim Nicholas Taleb}

To put into perspective, the market needs to grow to about 10 times the size of what it is now to achieve that first epic 1 trillion dollar global market capitalisation. Well I can't draw graphs to do any technical estimations and all that jazz, but I'm just drawing up that 1,000,000,000,000 number because we all like to have some yardstick figure for these kinds of stuff.

Many coins will most certainly fail in the future, but I think it's not so hard to imagine 10 Uber-sized decentralised organisations. When will all these happen is not so relevant because it WILL very likely happen. But for fun and not to be taken as financial advice, I'd say that the market will reach 1 trillion by the end of 2020 by my conservative estimates. Please note that I'm just a guy in his pyjamas lol. Not a financial expert here (and good luck finding one).

Some fear that regulations, security issues, and struggles that could happen along the way will cause setbacks in market price and activity. However, any obstacles will quite likely strengthen blockchain technologies and their communities. Now it's only a matter of utility and scalability. So choose the right coins for your main HODLs - the ones that are reliable, and ones that you can happily use everyday!

_{Images from Pexels.}