π₯ How bigger can Bitcoin be? 1,000,000$ possible?
Hello!
It is not easy to put the fair value of an asset, for this reason the prices in the markets change constantly. To get an idea of the value and potential that Bitcoin has, we have to compare it with other assets or other financial instruments.
Bitcoin is always compared to gold, currently with a capitalization of around 10 Trillion dollars. But for a long time, a large number of people think that due to its qualities, its value can exceed this 10 Trillion. Bitcoin is in many ways better than gold, and therefore its value could be higher than gold, but ... what's the limit?
Bitcoin is also known as Gold 2.0, this is going mainstream lately and more and more people are spreading the message. The Winklevoss twins are some of the personalities that share this message with their followers.
Take a look at this picture that shows the value of Bitcoin compared to other assets.
- Bitcoin - 750B (Actually less, around 700B)
- Gold - 10.9T
- Stocks - 89.5T
- Money Supply - 95.7T (M2)
- Global Debt - 253T
- Real State - 281T
Given their properties it doesn't seem unrealistic to say that Bitcoin can be ranged between 11 Trillion and 89 Trillion quite easily. This will put Bitcoin between Gold and Stock, and it would be a good valuation.
This will put Bitcoin price between 500,000$ and 4,500,00$! This prices are shocking given the current 36,740$ price, but it can happen sooner than most of you can imagine. In fact, I think that we will see this level of prices before the end of the decade in 2030.
Hopefully I am right, this is saved forever in the Blockchain and I can come back and tell everyone I knew that was going to happen.
Enjoy! π
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