Adam Back – Bitcoin Market Cap Could Reach $200 Tl in 9 Years

Sky truly is the limit concerning Bitcoin and nine years is a lot of time for this to occur

This OG Bitcoin Developer Claims BTC Market Cap Could Reach $200 Trillion in 9 Years

“Blockstream CEO Adam Back took to Twitter to claim that Bitcoin could hit a $200 trillion market cap in around nine years.

The British cryptographer based his findings on the BTC movement over the last decade. He explained that Bitcoin went up 2.036x per year or 1,200x in a decade. This brings his market cap estimate of $200 trillion for Bitcoin by the end of two halvings.

Back stated, ‘I’m not sure about the adoption slowing, nor the volatility reducing; there are other factors. The new cycle people who learn to hodl/stack, who over time make it their mission to buy and cold store a much #bitcoin as possible, even resorting to leverage (volatility creator).’

The cryptographer is of the view that adoption may create bursts of hyperbitcoinization. He explained that rapid viral adoption could destroy a weak currency in a hyperinflationary frenzy. He maintains that if the public witnesses that a fiat currency is dissolving, they could become pragmatists and quickly react to defend their savings.”

https://beincrypto.com/bitcoin-spiral-200t-in-9-years-cryptographer/

 

Master Asked on February 13, 2023 in Bitcoin.
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