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Bitcoins coming $100 trillion market cap: Still up after the downfall

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@koenau
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Is that the end now? The point so many institutions, politicians and bankers have always warned about? Just hours after Bitcoin hit new all-time highs after another, the world's largest digital currency fell like a stone to the ground. Minus ten percent on the first day, minus 20 until the second.

Everything else collapsed in the wake of the market leader. Whether Litecoin or Hive, Ethereum or Ether - nowhere were there more green numbers to be seen, everything smelled of doom and end. Even Michael Saylor of Microstrategy and Elon Musk, the two great crypto pioneers of corporate america, could not be heard anymore. Okay, Saylor was: Super optimistic! With a prediction of a $100 trillion market cap.

The crash caused by Federal Reserve President Janet Yellen with warnings about the upcoming stricter controls was too quick. The big question now is: How quickly does it go to zero? At 18 percent minus a day, with an exponential development, it could be so far in the coming week that the Bitcoin is no longer worth a real cent.

But if a new wave of purchases slows the crash, at least temporarily, as has been the case again and again recently, it could take longer. With a meltdown rate of ten percent, there are still 100 beautiful years ahead of Bitcoin owners before a Bitcoin is back at one dollar. Even with minus 50 percent a year, it will take almost 20 years before a Bitcoin is worth just one euro groschen.

Is it going to happen? Will it go faster? Slower? or in the other direction? As great as the optimism was, the clouds are now dark. So basically everything as always: Today, after the fall into the abyss, Bitcoin is only a third up from where it stands at the first day of the year.

Posted Using LeoFinance Beta