Sirwin
Sirwin

Is $100T Market Cap for Crypto Possible? | Crypto Market Update 1.20


$100T Crypto Market Cap | Market Update | Major Crypto News

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Is a $100T Market Cap for Crypto possible?

 

With growing distrust in the current financial system and the innovative attributes of cryptocurrencies, crypto sees a bright future in terms of growth. Some have modeled a $100T market cap. Is this possible? From where can this money come?

Let us explore.

The Great Wealth Transfer

Markets are elastic and every 1$ taken in or out of the stock market reflects 5$ in price movement, a natural phenomenon of markets. The crypto market is estimated to have a 1:20 elasticity.

Let us take some rough estimates and calculate a lighthearted scenario for crypto in the next ten years with the information gathered.

In 2030 the stock market will likely be worth $150+ trillion.

 

  • 1% of $150 trillion (us only) = $1.5 Trillion

  • 5% of The Great Wealth Transfer(us) = $3.4 Trillion

  • 10% of Gold = $1.2 Trillion

  • Crypto buyers around the globe = $2 Trillion


Total rough estimate = $8.1T

Elasticity (10x conservative) = $80.1T

Current Market Cap Crypto = +$1.8T

Total = $81.9T


The total results are an $82T market cap for crypto.

 

Not considering a supply reduction, if Bitcoin is 10% of dominance at that time, it will be close to 400k a coin. Other Bitcoin predictions for 2030.

The estimate doesn’t consider various factors and accounts for a 61% gain in the Total crypto market cap per year.

So, do you think an $ 80 trillion market cap is possible in 8 years?

 

Or is it too much hopium? 

I’d love to hear your opinions.


Crypto Market Update

 

Bitcoin (BTC) teased the market with a significant runup to 43.5k before dumping to 41.2k. BTC nears an important infliction between strong support (40–42K) and a two-month-long downwards trendline. Chart Below

Bitcoin 1D

Bitcoin is holding up relatively well when compared to the struggling Nasdaq. Since the FED announcements concerning increased tapering in November, tech stocks have been hit hard since the FED announcements.

BTC vs NASDAQ

Bitcoin is holding up relatively well when compared to the struggling Nasdaq. Since the FED announcements concerning increased tapering in November, tech stocks have been hit hard.

 

A few smart-contract platforms are holding ground.

  • MATIC 2.02 -1%

  • FTM 2.76 -.08%

  • TRON .069 -1%

  • TLOS .69 14%

 

Bitcoin Fear and Greed Index: 19 Extreme Fear

“Bitcoin” Google Trends: 28

Bitcoin Options Max Pain (Mar 24): 50K

How to use The Fear and Greed Index for investing


 

Major Crypto News

“Any CBDC would need to strike an appropriate balance between safeguarding consumer privacy rights and affording the transparency necessary to deter criminal activity,” the paper says.


 

Thanks for reading fam!

Gabi

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Gabi_
Gabi_

Market Research Analyst . Crypto Enthusiast. Hours of research condensed into a daily five minute report.


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