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RE: Experts Say Cryptocurrency Marketcap $1T By End Of 2018:Bitcoin To Hit $50K And STEEM A BUY!!!!

in #bitcoin6 years ago

$100,000 per Bitcoin translates into a total market cap well beyond $1 Trillion, over 1.6 Trillion. $50,000 per Bitcoin translates into a market cap of 0.8 Trillion. In 2018 it's possible to hit the 1 Trillion market cap.

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Everyone seems a bit obsessed with the market cap. I always wonder how much crypto is actually worth... because there is no way you'd actually be able to liquidate crypto for the market cap worth. The market cap is created by assuming you could sell every coin for the value it's currently at.

However, the only thing that gives crypto value are the people HODLing it. Less coins on the market equal more valuable coins. Supply; demand; yada yada yada.

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