$10T In Marketcap For The World Computer? Is He Underestimating It?

It is simply astounding how quickly things are changing in the world of cryptocurrencies. What was an absurd number just a couple months ago is now being bantered about like it is nothing.

I wrote a post 4 or 5 weeks ago stating how a $10T market cap for cryptocurrencies was a bare bones minimum. At the time, the total cap was around $300B. Many thought it a bit outrageous.

What is ironic is now the mainstream financial people are starting to pick up on things.

Last week a financial analyst from RBC issued a report detailing how he believed that cryptocurrencies will hit $10T in market cap.

He went on CNBC's Fast Money to explain it.

What is fascinating about his interview is how he called it the "World's Computer". This is something that both ETH and EOS promised to be. Also, his focus upon decentralization was based upon the tendency for centralized systems to get hacked. Because of this, while we accept as the norm. there is a distrust factor that comes into play. That would be eliminated with decentralized systems.

Of course, one major point overlooked in all of this is the result of a major power shift away from centralized "silos" to decentralized systems. This is really an opportunity for the average person to enrich him or herself. Never before has that really happened. There was the Internet craze of 25-30 years ago but how many were able to share in that? The dot.com era enabled many to create wealth, but again, most people around the world are not into the stock market.

Enter cryptocurrency. This allows us to do two things at the same time. The first is that many can create a vast amount of wealth; inter-generational wealth. Secondly, and more important, we can uplift billions out of poverty while providing them with the resources they need to meet their basic needs. This is the power of what is taking place.

$10T for the world's computer? Looking at it from the perspective of potential IT spending, yes that might be a sound number. However, I believe that value is low for a technology that will be changing the lives of billions of people around the world.

Back in August I felt that cryptocurrencies would be a $250B value by Thanksgiving. At that time, I said that the market cap by the end of 2018 would be $1.5T. As close as I was on the Thanksgiving forecast, I appear to be far off on the next one. Right now, the market cap is $825B on January 7. With 51 weeks left in the year, I feel that $1.5T will be surpassed easily.

We are involved in a revolutionary technology that is changing things very quickly. Do not forget that when you hear estimates bantered about. In the world of cryptocurrencies and blockchain, it is most likely under estimated.

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