Bitcoin Market Cap Is Set To Reach $8 Trillion Over The Next Decade
The crypto market is pretty green today, with most coins on an ascendant trend. Bitcoin is trading in the green at the moment of writing this article.
Now, the most important coin in the crypto space is priced at
Despite the volatility of the crypto market, there are various optimistic crypto predictions popping up these days.
BTC to reach a market cap of $1 trillion
One of them claims that over the next decade, the most important coin in the market is set to reach a market cap of eight trillion.
During a new interview on the Citizen Bitcoin podcast, Andy Edstrom explained that there are various factors that could boost the most important coin over the next decade.
According to the latest reports coming from the online publication the Daily Hodl. these factors are including: “fear of missing out on the part of speculators, geopolitical events, the devaluation of fiat currency and catalysts from banks and central governments that create a tipping point and a “speculative attack” on fiat.”
He stated that “And I think the total valuation on 10 years that I use is about $8 trillion and that comes from various buckets.”
He continued and explained that this could be due to “taking share from gold, or taking share from fiat, or taking share from offshore assets, or slightly demonetizing other stores of value like real estate or new uses that we haven’t thought of or are still under construction.”
Head over to the Daily Hodl’s original article in order to learn more about what he had to say.
Optimistic predictions for the crypto space
2020 is seen as having the potential to be a great year for the crypto industry with various achievements.
For instance, there are various moves being made towards the achievement of the mass adoption of digital assets.
There’s a new BTC app that aims to revolutionize the way in which everyday people are interacting with Bitcoin.
By using a debit card or bank account, the Strike app is allowing consumers to make payments in BTC.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.