Bitcoin's price has the potential to hit over $100,000 in 10 years, which would mark a 3,483 percent rise from its recent record high.
here's how this price target came up:
– will account for 10 percent of the average daily volumes (ADV) of fiat currency trade in 10 years. Foreign exchange ADV currently stands at just over $5 trillion, according to the Bank for International Settlements.
- 10% of $5 trillion is $500 billion, the ADV that cryptocurrencies could have. Bitcoin will account for 35 percent of that market share, which would that $175 billion of the $500 billion figure.
- bitcoin's market capitalization would be ten times the average daily volume, giving a figure of $1.75 trillion for the market cap.
- if the potential 17 million of bitcoins in supply is divided by the $1.75 trillion market cap estimate, then each bitcoin would be worth just over $100,000.
Yes I hope so, bit it could also drop to 1 dollar in ten years. We will see..
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Yes it can flop any time! fingers crossed
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Indeed let's hope not!
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Governments are starting to put money in cryptocurrencies and make use of blockchain technology. Do you really think it could collapse ? I don't think so. Even without Lehman Brothers life goes on
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I hope I manage to get a full one by then hahah
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