$50K would suggest a Bitcoin market cap of 8.7 Trillion. That would be too unrealistic and here's why. Big companies that have established themselves for years -namely Apple, Google, Microsoft etc have market caps of over or close to 500B. The current market capitalisation of the entire cryptocurrency space is also 500B to put things into perspective. Bitcoin reaching 50K while keeping 30% dominance would bring the overall market cap to a jaw dropping 29 Trillion. I am not saying that it cannot happen. But could it? @lordoftruth thoughts?
RE: Will BTC HIT $50.000 ?!
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Will BTC HIT $50.000 ?!
I think those companies sell a product not all people can maybe afford or be interested in buying, but Bitcoin is for anybody, you cannot be to poor or too young to own it.
Obviously Google is available to anybody, but I think more people will start moving away from them in the future when they realize what Google is doing with their data.
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