Where is Bitcoin headed in 2018? Look at other currency's
Hey everyone ,
My names Garret Anthony
Adoption of bitcoin is picking up some serious steem, we are undergoing a massive fundamental shift in the financial market. Bitcoin peeked at almost 19K today.
I believe that this is just the beginning, we are just getting started.
50k a coin is the critical mass shift i believe that we need to bring bitcoin to the next level. There are so few coins that will be in circulation 21 million. Think about how many single U.S dollars there are currently in circulation - first off no one actually knows. But with my research we have found that 1400 Billion https://www.federalreserve.gov/paymentsystems/coin_data.htm
Supply/Demand drives value with a finite supply and just looking at one currency as far as demand we need to figure out just how high bitcoin can go. The best benchmark is all the other currency's but just looking at US dollar we can see just under 700K a Bitcoin isnt to far out of reach.
I will be trying to keep looking at the macro economics of the crypto disruption.
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