And if the price of Bitcoin was multiplied by 1,000?

And if the price of Bitcoin was multiplied by 1,000?

A few days ago, the emblematic founder of Ethereum, Vitalik Buterin, explained that there was a cap on the growth of cryptocurrency prices. A thesis that contradicts that of the Binance founder, Changpeng Zhao, who says they can still see the price be multiplied by 1,000.

Buterin sees the size of the industry be multiplied by 1,000

Vitalik Buterin is a man particularly listened to in the sphere of crypto-currencies. Last week he talked about the growth of electronic currencies in general. According to him, the industry as a whole can grow by 100 000% (to be multiplied by 1 000) but it is quite unrealistic to imagine that the prices of crypto-currencies can achieve a similar performance.

In this case, this would imply that the market capitalization of all crypto-currencies would rise from $ 200 billion today to more than $ 200 trillion by then. For comparison, the Central Bank of the United States (EDF) estimates that there are 1.67 trillion US dollars in circulation worldwide. It would also represent 70% of all the wealth in the world.

Changpeng Zhao, an idealist?

Although it is very ambitious, this scenario is defended by the CEO of the Binance cryptocurrency exchange platform. Changpeng Zhao says that the price of electronic currencies can be multiplied by 1000 "in the years to come", and thus reproduce a performance superior to that recorded during the year 2017 - where some currencies have been multiplied by 500.

The reality is that today, cryptocurrencies have experienced the worst correction of all time, with some of them losing more than 92% of their value. A producer even had fun creating a mini horror film illustrating the setbacks of Bitcoin.

While governments and organizations that regulate financial markets are still undecided (and skeptical) about these new virtual currencies, Bitcoin is unlikely to grow from $ 6,500 to .... $ 6.5 million! An ambitious hypothesis, but which would not be excluded in the eyes of the CEO of the largest cryptocurrency platform in the world.