3 Use Cases Could Send Bitcoin To $1 Trillion

I don’t think there is anything crazy about Bitcoin’s market capitalization hitting the  $1 trillion mark, simply that it exists as it is is enough and is only a matter of time for nature to take its place:

Research Firm: 3 Use Cases Could Send Bitcoin To $1 Trillion

“One “Big Idea” the firm mentioned was Bitcoin, which the company has long been tracking as a feasible investment and potential option on the future financial system. In fact, ARK Invest was the company that got Elon Musk to laud Bitcoin in a podcast.

Anywho, in their deck, ARK Invest’s analysts gave three use cases for the cryptocurrency that could see BTC exceed a 13-digit market capitalization in a relatively short period of time.

BTC as a new form of money: The company wrote that the leading cryptocurrency could become a medium of exchange and a potential catalyst for currency demonetization. With the M2 (monetary measure) of money in countries outside of the top four economies amounting to $40 trillion, BTC securing 5% of that market could see it valued at over $1 trillion.
BTC as a digital store of value: ARK Invest next added that Bitcoin could feasibly become a digital store of value, a digital gold if you may. It securing 15% of gold’s $9 trillion market cap could give BTC an aggregate value of $800 billion.
BTC as a non-seizable, offshore asset: Lastly, the research boutique noted that Bitcoin could soon be seen as an asset that allows the wealthy to make sure their wealth is unseizable. With the purported aggregate net worth of HNWI purported to be above $40 trillion, BTC securing a small portion of this wealth could value it well into the trillions.”

 

https://www.newsbtc.com/2020/01/18/research-firm-3-use-cases-send-bitcoin-1-trillion/

Master Asked on January 18, 2020 in Bitcoin.
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