Digital currency wallet Breadwallet co-founder and chief marketing officer (CMO), Aaron Lasher, has projected that the leading cryptocurrency Bitcoin will reach a market capitalization (cap) of up to $5 trln in the next 10 years as of early September 2017, according to Market Watch.
However, he claimed that the digital currency can experience some setbacks along the way.
In an interview, Lasher claimed that the current exemplary performance of Bitcoin and other virtual currencies could be followed by a very brutal bear market.
“As a longtime Bitcoin holder, I’m greatly enjoying the recent price action, even though I understand that this bull market will likely be followed by a pretty brutal bear market. Are cryptos in a bubble? Yes, absolutely. Is that a bad thing? Not necessarily.”
Bitcoin’s current market performance and other Lasher predictions
Bitcoin has continued to perform strongly in the market and achieved another record on August 31 to bring its total cap to more than $78 bln. The leading cryptocurrency has already surpassed the likes of Starbucks in terms of market cap. The phenomenal upward trajectory has understandably led to speculations of a possible bubble that is about to burst.
Lasher, meanwhile, has issued a warning to neophyte digital currency investors to proceed with caution in their investments. He advised that the investors should do extensive research before getting involved with the cryptocurrencies.
“I wouldn’t recommend any investor get involved with cryptos without extensive research beforehand. It’s not a get-rich-quick scheme, and people who blindly throw money at it are likely to a) risk too much, b) buy too high, and c) sell too soon.”
Moreover, Lasher projected that there will be 10 virtual currencies worth over $25 bln within 10 years. The data from Coinmarket.com, however, showed that only Bitcoin and Ethereum have surpassed that level so far.
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Thank You!
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https://cointelegraph.com/news/bitcoin-will-hit-5-trln-market-cap-aaron-lasher
One can only hope! and buy more btc :)
yeah you right man
Buy Bitcoin now while its low.
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iFollow back. thanks
Would you like a spatula? For your bunghole?
well you don t know what coins are going to be mainstream in future , I guess Bitcoin and Ethereum will be Part of it , but its important to spread your investment over multiple coins.
do you mean! buy more alt coins?
I use the "70,20,10" Strategy , I invest every moth a part of my earned money from my job and split it that way: 70% I split over the Top 10 coins. 20% I invest into coins that are not within the Top10 but have some inovation and are still well accepted for example Steem or TenX , the other 10% I use for coins that have a big risc , for example new coins and Icos . That way your profit does not depend on a single coin.
can i follow you man? im newbee when it comes in bitcoin nor alt coins
Yeah , just hit the follow button :D
buy, buy, buy!
im newbe :D