There have been several forecasts performed on cryptomarket capitalization.
Some analysts expect altcoins market capitalization will grow by 500% by 2022, reaching around 310 Billion USD. That is the smaller part of the market considering Bitcoin.
Now if price of Bitcoin breaks its record highs from December 2017, it’s very likely to see BTC hovering around 35,000 USD at least by 2022. That might be even slightly conservative scenario for the king of crypto, considering the fact that even despite the last bear run in the second part of this year. Bitcoin has increased over 100% of its price this year. If BTC market cap grows by 500% it may reach easily 800 Billion USD by 2022, I don’t see that impossible at all for Bitcoin in 2 years.
Adding both numbers, we might have 1,100,000,000,000 USD. (1.1 Trillion USD). That is around 4% of GDP of USA but around 22% of GDP of Japan or 80% of GDP of Mexico or over 3,500% of GDP of Uganda.
I deliberately chose different countries ranking from 1 to Number 99 (2018).
I don’t want to state here that one country would get all the crypto wealth. Not at all because that would be totally misleading. Cryptowealth will be divided according market share principle. It’s like cutting a piece of cake. One country gets a bigger slice, another smaller.
Other Market Cap outlooks
If Bitcoin or altcoins rise more, we may see this number between 2 – 4 Trillion USD.
If we get a very optimistic outlook we may be talking above 5 Trillion USD.
If we also explore the negative downside, we may be talking between 200 – 500 Billion USD.
I am writing these numbers with one single purpose:
Recently certain countries have been showing on purpose their real attempts to censor a growing crypto industry.
I will not appeal on any government or corporation on stopping bothering us!
My purpose is to show to all of them, what they may be losing on the long run.
For example if China, US or any other country, will continue making any cryptohoddler’s life difficult as we have clearly seen in a lot of cryptonews, they will voluntarily give up on this money in favour of other countries.
Or your cryptohoddlers will be giving up on certain countries nationalities. That actually starts happening.
None country wants to do that, because there is a race among all the countries in chase of GDP rankings.
For example, let´s suppose you have hard time to use your BTC in any countries, what can you do?
Cash them, hoddle them, use them, somewhere else.
Recently European Union started again with their excessive overregulation related to KYC of crypto firms. What did these companies do? They shut down their operations.
Some of them may have shut them down definitely but some of them will reopen their branches in other crypto friendly countries such as Malta, Estonia for example.
Talking about crypto friendly countries:
Let’s suppose that Germany for example becomes a nice crypto friendly country: what will happen? Cryptos will be flowing from other crypto unfriendly countries to Germany. Germany is the fourth biggest economy ATM. OK, Germans tend to be more progressive, they get more cash, it wouldn’t be difficult at all to become the third world economy again for them.
Let’s explore the downside of this: India doesn’t move enough or will have some ridiculous hostile laws towards crypto. India is number 5 in GDP ranking. And UK is around 200 Billions below India ATM, on number 6. If the Brits would become friendlier towards crypto. More crypto will enter to UK market. Just by that fact, UK could completely overpass again India in less than 3 years and India might drop below the number 5.
My question for India and Germany: Do you want to make it happen? Are you ready to take your chances?
So, this is directed to anybody. If you want to give up on this money, drain your national GDP and you want to lower your international ranking of GDP, just by making cryptohoddlers lives difficult, consider your chances. Because the race for the new crypto wealth even among nation is on!
Some progressive nations have gotten it, the less progressive nations obviously didn’t.
Now imagine Uganda, a very small country and a very small economy, their GDP is around 30 Billion USD. This is a free advice for their president. Do you want to boost your economy? Make Uganda safe crypto heaven! Let’s suppose that 100 Billion USD would land to Uganda, what would happen with Uganda? From 30 Billion it would go to 130 Billion USD. From GDP ranking 99 you may get to 57 just below Kuwait.
The cryptofriendliness may also affect the GDP ranking between top superpowers: US, China and Japan.
It’s your choice: presidents, prime ministers, dictators, Finance ministers and other government bodies. Whatever you are doing at this moment, it may have a very important economic impact on your future economies. How do you want to be remembered in the history books? Like someone who lifted his/her nation or pulled it deep down? I don’t know, it’s up to you! Because all of you as any human being, you have a free will!
But believe me: Bothering all the cryptolovers with unfair laws, overregulation, bans, censorship by legacy media, this is really not a smart move on the long run.
The same question will apply for any corporation?
Let’s compare Youtube and Twitter.
Youtube are you ready to offer your place to Twitter which starts looking for its crypto? Will your recent moves benefit your stakeholders or will you kill their profits? It’s your choice. You are the oligopoly and you are playing by your centralized standards. But honestly, I don’t think you recent censorship attempts would play in your favor.
Remember always one rule: Money or Crypto talks! At least in this planet.
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