It won't be a good thing for those thinking that bitcoin was on the verge of replacing the dollar and upending the entire financial system as we know it, but for anyone that has really been paying attention that was never going to happen any time soon anyways.

It will take a while even if Bitcoin continues on the doubling curve. How many trillions of dollars in market cap does Bitcoin have to be before it gobbles up the legacy economy? At $8T it's on par with gold, at $80T it's on par with USD in circulation.

I'm guessing it needs to hit like a quadrillion dollar market cap before it absorbs everything. Based on the doubling curve that would take 12 or 13 years.

Posted Using LeoFinance