Can Cryptocurrency Market Worth $10 Trillion in Five Years?

Most recently, Tim Draper said he is standing behind his prediction that cryptocurrency market will hit $10 trillion in 2023. Considering the current market cap for the entire industry is something to be around $200B, this seems really an interesting choice. But could it be possible? I decided to take a look...

Institiuonal Investors

The talk for them is pretty huge. Almost everyone in the industry is waiting for them to enter the space. In fact, lots of work behind the scenes have been done already. With the arrival of companies like Fidelity, Coinbase Pro and Bitgo, we can expect this will drive the prices forward.

Wall Street Instability

Currently, the stocks in Wall Street continuously lose its value. After the major tech companies' stocks like Tesla, Netflix, Facebook and Amazon has reached a peak, we can expect the prices will continue to go down further. This could be another sign of money moving towards crypto.

Trade Wars, Loss of Confidence Towards Governments

We all know the ongoing problems between China and the United States. If it continues in the same way, we can expect the fiat currencies values to be more volatile than ever. So, this could be another move towards crypto.

So, with all these factors, we can expect prices to rise from now on. But it is also pretty important to note that nothing is guaranteed in this field, especially in the cryptocurrency market. People need to invest it carefully.

All the best, thank you...

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