Just last night I ran into an info graphic that renewed my faith in the huge selling offs that have been happening in Cryptoland the last few days. I wanted to share this with all of you which clearly shows how much in baby phase we are at the moment and the huge possibilities still to come.
Image pulled from http://howmuch.net post - http://www.marketwatch.com/story/how-big-is-bitcoin-really-this-chart-puts-it-all-in-perspective-2017-06-21
As you can see there is a great deal of money tied up in other investment areas. If this money where to move out and into crypto growth potential is enormous!
Hypothetical scenario - If everyone pulled money out of gold and invested into bitcoin - then 1 bitcoin would be worth about $500,000 EACH! While gold is 8.2 Trillion the real kicker and where we might see the most growth is Stock markets coming in at 66.8 trillion dollars! That would put bitcoin at 4 Million per coin (granted that would not happen but it shows the enormous potential cryto currency still has to grow.
Lol, I like the graphic with bill gates and larry page in it. I personally think that this 100 billion dollar market can easily be a trillion dollar market.
Exactly! We went from about 40 to 110 billion almost overnight 100 billion to 1 trillion seems like the next move ;)
Good find and nice read. We are the pioneers and long may it continue!
too the moon!
What if i invest My House Value $11000 into bitcoin is there will be change into bitcoin's ACtual value :P
This can open people mind that we have yet got started, invest heavy now 💪🏼🙌🏼💯
Yup! This renewed my faith in the massive possibility that could still come. If one of these ETFs for bitcoin gets approved that's a 66.8 Trillion Market bitcoin would be tapping into!
Really super if 1 bitcoin worth will be $500,000
lol yeah it would be super im not sure if it will hit that mark but I do for sure see 10,000 per being a possible in the next year.