If we get an institutional bubble, like in 1999 with the internet, it's going to be crazy. Institutions act like gamblers during bubbles, and they bring with them mass retail as well, even those that are against crypto now.
The dot-com bubble reached 8 trillion dollars in total market cap. It was way harder for retail to get into stocks than it is for people to get into crypto now. It was a US only bubble, crypto is global. Companies can grow up to a limit, while a coin which replaces money has a market cap limit depending on one's imagination only. Also from 2000 to 2020, there is 20 years of inflation, which make the 8 trillion dollars now worth at least 15 trillion.
Total crypto market cap is at 250 billion right now, so 8 trillion is already an 32x. 15 trillion is a 60X.
The crypto upside is only limited by profit taking. When a coin pumps 100x, even the strongest hands sell. I am very excited to see how it will all play out.
For sure. People are against something until they think they are going to miss out on gains.
Inflation is something that most do not consider with their investments, for example in houses. Buying a house for a 100k and selling it 5 years later for 120K isn't that great of a deal - other than storing the value.
100 dollar hive is a 4B cap thereabouts. Not so much really.
You'd think! ;D
100 dollar HIVE is a market cap of 30B not 4B... The supply is around 300 million depending on whether you count the DAO in and the HIVE inflation for the next couple of years. Long way to go.
oops, I should read what I write when adding numbers. Steem was close to 2B at the last run up. I think the supply is around 350M now? I think it is from next year that the inflation stars increasing at a decreasing rate and by 2036 it will be the 0.95% and around 7M new HIVE a year - a lot can happen in that time though.