Monday for money, Bullish $10 Trillion Case for Crypto

ahlawat (76)in #india • 6 years ago

A broker from a big bank just did something I’d never do…
He put a number on the potential value of the blockchain market.
If you think, as I do, that blockchain technology will expand from
dozens of uses to hundreds and then thousands,
how can you calculate a precise market value for that?
It’s like Thomas Edison trying to predict in the late 1800s how much the
electricity market would be worth a few decades into the 20th century.
Did he realize at the time that almost everything we now make and use,
not just lights, would be electrified?
Probably not.
How could he?
(And the one thing he thought would be electrified – vehicles – didn’t catch on until more than 100 years later!)
I believe at some point in the future (10 years? 20 years?),
most of the services we’ll be using on a daily basis will be enabled by the blockchain.
Again, how can you put a price on such a ubiquitous technology?
Is it in the tens of billions?
Hundreds of billions?

The Worth of the Market?

How he arrives at this big round number turns out to be the most
disappointing part of his 38-page report.
He basically took a third of the roughly $30 trillion in assets held in offshore funds and gold.
Just a rough stab, in other words.
But perhaps that’s as it should be.
At this early stage, trying to do anything more would be a reach.
We simply don’t know how big this number will be.
Anybody who says differently is lying to themselves or everybody else.
However, I believe it will be a big number.
Blockchain technology is driving a surge of innovation in the
development of new protocols and blockchains.
There’s a long way to go.
And nothing is a given at this point.
But decentralized computer technology has the potential to reinvent huge swaths of the global economy.
With that kind of upside, even a modest investment could yield quite a large return.
Good investing,
I think you will like this post.
Enjoy your Sunday.
Have a good day.