Analyst: Bitcoin Market Cap to Reach $1 trillion USD By Bullish predictions from Blockstream’s Adam Back suggest that Bitcoin market cap will see a significant surge in the next two years. Blockstream CEO Adam Back believes Bitcoin will see a $1 trillion USD market cap within two years, suggesting that five years is a conservative amount of time. Oct 18, · In order to reach a $1 trillion USD market cap, bitcoin (BTC) would need to trade at $58, a coin at the current supply (around 18 million). Considering that the price of BTC has been climbing steadily this year, it wouldn’t be far fetched for it to reach that within the next few years, particularly if we enter a bull market. Sep 09, · Bitcoin Can Reach $1 Trillion Market Cap & $50k Per BTC. A Crypto analyst writes, Bitcoin could "touch a trillion dollars by ", which equates to around $50, per coin. About.
When will bitcoin reach 1 trillion market capGarrick Hileman: A $1 Trillion Market Cap Is in Bitcoin's Future | Live Bitcoin News
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The content of Coin Insider does not constitute any type of investment advice. Coin Insider. He offered: Conservative. Start Trading Today. Coin Insider CoinInsider is the authority on bitcoin, ethereum, ICO and blockchain news; providing breaking newsletters, incisive opinions, market analysis, and regulatory updates. One of these figures is Bloomberg Intelligence senior commodity strategist Mike McGlone, who in an interview said:.
The digital version of gold but with more limited supply and a history of adding zeros appears to be in an early price-discovery stage and may simply continue its ascent in Mainstream adoption is rising. Many are confident that the currency is also going to strike its all-time high again by the end of this month. Peter Smith — chief executive of bitcoin exchange Blockchain. But while most of the sentiment surrounding BTC is positive right now, the space still features its fair share of doubters.
Not everyone, apparently, believes that bitcoin is going to reach such a high market cap. He states:. In fact, a cool down is to be expected. Alex Mashinsky — chief executive of the Celsius Network — believes this bull run is different from the one that occurred in While the one from three years ago was pushed largely by retailers, this time, institutional players are the ones behind the BTC surge, which is likely to ensure the price remains strong.