For all the crypto guys interested in learning a bit more. The current market cap of all the crypto currencies/digital currencies in the world is roughly $25bn. $25bn compared to the market cap of gold, $7 trillion just to put how small the market is currently into perspective.
China, Japan, Russia, USA, and a few other smaller no name countries are all working on making bitcoin a legitimate currency. Banks are now trying to develop some type of blockchain payment system but it's way behind the game.
With the way that global currencies are heading, economies are heading, peak prices in the stock market and real estate, people will be looking to diversify their assets and wealth. Crypto currency market cap is miniscule. The British Pound has devalued by 30% in just a handful of years, same with the euro 30%. People will not want to be in those currencies in the next couple of years. Right now people think the dollar is the safe alternative, but everyone reading this post already knows the state of our economy. We're not that much better but people would rather hold sh1t that stinks less and that's what the dollar is currently considered (the cleanest dirty shirt in the hamper). The European, American, Japanese, Chinese, South American economies are declining fast. Most of South America is already in a well known recession if not depression. Real estate is at peak prices, stock market is at peak prices, wealthy investors know this and are trying to find ways to get their money into other assets.
While the poor remain poor, the rich are buying what they can to preserve their wealth. Especially the chinese. Crypto currency will just be another asset that will be purchased to preserve wealth. As you can all see, the market cap is miniscule so even if 0.1% of a billionaire's wealth is put into crypto, and crypto's start to become something every speculates in, the market cap could easily quadruple or at minimum double in a short amount of time. 1 to 2 years.
China, Japan, Russia, USA, and a few other smaller no name countries are all working on making bitcoin a legitimate currency. Banks are now trying to develop some type of blockchain payment system but it's way behind the game.
With the way that global currencies are heading, economies are heading, peak prices in the stock market and real estate, people will be looking to diversify their assets and wealth. Crypto currency market cap is miniscule. The British Pound has devalued by 30% in just a handful of years, same with the euro 30%. People will not want to be in those currencies in the next couple of years. Right now people think the dollar is the safe alternative, but everyone reading this post already knows the state of our economy. We're not that much better but people would rather hold sh1t that stinks less and that's what the dollar is currently considered (the cleanest dirty shirt in the hamper). The European, American, Japanese, Chinese, South American economies are declining fast. Most of South America is already in a well known recession if not depression. Real estate is at peak prices, stock market is at peak prices, wealthy investors know this and are trying to find ways to get their money into other assets.
While the poor remain poor, the rich are buying what they can to preserve their wealth. Especially the chinese. Crypto currency will just be another asset that will be purchased to preserve wealth. As you can all see, the market cap is miniscule so even if 0.1% of a billionaire's wealth is put into crypto, and crypto's start to become something every speculates in, the market cap could easily quadruple or at minimum double in a short amount of time. 1 to 2 years.
