Thoughts on Blockchain marketcap

in blockchain •  6 years ago 

Today, I came upon an idea to compare today's crypto market with the early days of internet, and I found some really interesting analogy between the two and cannot wait to share here.

From https://www.internetworldstats.com/emarketing.htm
In December 1995, the number of internet users are 16 million, a 0.4% of the world population.
And in December 2017, the number goes up to 4,156 million, a 54.4% of the world population.
If we use the Nasdaq composite as an approximation of the value of internet, in 1995, it's at about 1000 points, and in 2018 now, it is around 8000 points, only 8* in value. In my opinion, this is due to the lack of a value transfer layer in the "old" internet, and blockchain, as a new evolvement, opens the road to reach the full value of the "new" internet.

So, where are we in the blockchain world today?
In December 2018, the number of blockchain users are 35 million, a 0.45% of the world population. And the total marketcap of crypto is a bit more than 100 billion.
So when the blockchain adoption rate reaches 50% after years, what will be the total marketcap then?
A simple math tells us the user number has 100* potential and applying the Metcalfe's law in social network research, which states that the network value is in proportion with the square of the number of users, the total marketcap has a 10000* potential from this analysis.

Of course, there is a chance of need for other revolutionary technologies, in addition to blockchain, to reach this final goal of 1 quadrillion, but I am positive that we will eventually get there and the future will be more exciting!

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