Bitcoin Hitting $500K, Bitcoin Cash For FREE And Ethereum 2020!
Bitcoin has been predicted to hit $500,000 within a few years by some. What do I think about this, alongside Bitcoin Cash announcements / release, plus Ethereum's flippening and the $200K prediction? Let's talk about that all today! Will you make a lot of money with Bitcoin and Ethereum? Will Ethereum beat Bitcoin??
LINK:
▶▶▶ If you need to purchase BTC or exchange your Ethereum, definitely give me a shout!
Sup playa! Wer ur hair at?
#RIP
I think truly Bitcoin could double within the next year or even triple, but the hundreds of thousands of dollars range within the next decade? I mean.. never should one say never, but come on..
Considering it came from 1/400 of 1 USD in may 2010, even the sky ain't the limit. So in about 8 years it's value has multiplied by a factor of 960 000 times the initial value, when the first known non virtual goods were purchased with the crypto coin, 2 pizzas in exchange for 10 000 BTC, worth 24 million USD today.
But with such low values in the early days it is to be expected that the biggest jumps are made in the beginning. On the other hand, with governments gradually phasing out cash, or worse, like they did in India, it could go anywhere. Also it bothers me that the central banks can make money out of thin air so they can manipulate any
tradeable commodity if they wish. They might even secretly prop it up as a means to facilitate their planned transition to a cashless society. They'll develop their own variant taking into consideration all the valuable insights they gained during BTC's (Beta Terrestrial Coin?) existence.
That's a great point about the market cap and the price of BTC. I ran some quick rough estimations with the current circulating supply @ $500k the market cap would be enormous at over $8 Trillion. The US economy had a GDP of $18.57 Trillion in 2016. So in order for BTC to climb to that level almost half of the US economic activity would have to be paid for with BTC. Of course this is a rough estimate. There are large blocks that really aren't circulated frequently and a lot more countries using BTC. But even then the world GDP in 2014 according to the CIA Facebook was around $78T.
Personally I am a bit annoyed at the people wanting to fork BTC for a quick speculative coin. No one is going to fully embrace bitcoin cash, and it only hurts bitcoin and other cryptos when these fights occur.
Thanks for your journalism! I enjoy your take on things!
It seems like BTC cash has gone down quite a bit since it's release, dumped like crazy
Half of the US economy.. LOL. Yeah, that's just crazy when you put it into such perspective.
Interesting!
What are you going to do with your bitcoin cash?
drugs
ima pray to each diety on the chart that it goes to the moon xD
We'd be able to purchase so much if we sold so high ;)
thanks for share. really like your post!
:)
:(
i gave my full trust to btc... never even once doubted its potential.... theres a lot more it can offer... i think its value will hit double or more... lets just wait to what will happen and enjoy in the sideline
Now it's just the long holding game
woooooooowww....Surely I want to make a lot of money with Bitcoin and Ethereum...@fahrullah
Doesn't everybody.
eos all the way
And?
Thank you for the great post!