So you think the market cap will eventually be $525,000,000,000,000? Think about that... impossible.
Baz87
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@Baz87, Sorry $252,000,000,000,000 but you get the point
JoeFares
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@Baz87, I totally get your point! But considering the facts that:
- There are literally millions of BTC lost (Estimated to be 25% lost due to hacks, accidental deposits to incorrect addresses, etc...)
- Not actually reaching the cap of 21 million coins until another 50-100 years.... That would bring down the required marketcap to 144 Trillion.
- The ongoing inflation of currencies (Due to banks printing more and more money)
- The current low end estimate of the size and scope of global derivative markets being estimated at around $550 trillion on a national contract basis.
A 144 Trillion marketcap sounds far fetched, but definitely not impossible.
Cryptotoke
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Just think if every millionaire wants 1 btc
Metalxx14
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86% of btcs out there are owned by .5% of wallets. It's already overvalued for no reason.
JoeFares
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@Metalxx14, BTC is currently the mother of all cryptos with the widest exposure! Like it or not, BTC is the mother spaceship of all other altcoins at the moment! Could things change in the future? Maybe, let's wait and see.
PS: BTC is not overvalued imho!
Metalxx14
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@JoeFares, it's still extremely concentrated in a minuscule minority, an even worse distribution than the current one.