Prediction: Bitcoin Could Be Worth $20 Trillion in 5 Years
Right now, Bitcoin (CRYPTO: BTC) has a market cap of about $2 trillion. That's roughly in line with the valuations of the Magnificent Seven tech stocks, which have valuations ranging from $1.5 trillion to just over $3 trillion.But there's an opportunity for Bitcoin to go much higher. In fact, a $20 trillion market cap might be possible by 2030. If investors begin to view Bitcoin as more than just an ultra-risky tech asset, it could unlock trillions of dollars in market cap. Let's take a closer look.In 2009, Bitcoin launched as a digital currency, built using blockchain technology and powered by an internal algorithm. Although Bitcoin differed from traditional fiat currencies (such as the U.S. dollar or the Japanese yen) in certain important ways, it was primarily designed to be a peer-to-peer electronic cash system.Continue reading
Right now, Bitcoin (CRYPTO: BTC) has a market cap of about $2 trillion. That's roughly in line with the valuations of the Magnificent Seven tech stocks, which have valuations ranging from $1.5 trillion to just over $3 trillion.
But there's an opportunity for Bitcoin to go much higher. In fact, a $20 trillion market cap might be possible by 2030. If investors begin to view Bitcoin as more than just an ultra-risky tech asset, it could unlock trillions of dollars in market cap. Let's take a closer look.
In 2009, Bitcoin launched as a digital currency, built using blockchain technology and powered by an internal algorithm. Although Bitcoin differed from traditional fiat currencies (such as the U.S. dollar or the Japanese yen) in certain important ways, it was primarily designed to be a peer-to-peer electronic cash system.
