1 What is the maximum amount of bitcoin? While the price of gold has fallen and balloon discussions have exacerbated, 100 thousand dollars have been spoken in 10 years
About a year ago, Bitcoin, which is supposed to surpass the price of gold, is spending $ 100,000 in a 10-year bench.
Bitcoin prices at the end of 2016 is still 750 dollars, while the new target of 2000 dollars is 100 thousand dollars in 10 years.
As the virtual money balloon debate continues, Saxo Bank analyst Kay Van-Petersen signs that target, with a potential return of over 3,000 per cent over 10 years.
Analyst, Bitcoin targets for $ 100 thousand explains the following statements:
1) KRYPTO MONEY PROCESS VOLUME
The average daily volume on the Forex market is $ 5 trillion. Van-Petersen predicts that this volume will account for 10 percent of the volume of crypto-money transactions over the next 10 years and that $ 175 billion of the $ 500 billion worth of crypto money will come from Bitcoin transactions.
2) BITCOIN'S MARKET VALUE Rises
According to CoinDesk data, Bitcoin's current market value is $ 37.8 billion. The analyst, who targets Bitcoin for $ 100,000, estimates that the market value will be 10 times the trading volume and the virtual money will reach the market value of $ 1.75 trillion.
3) BITCOIN SUPPLY PRICE SUPPORT
Bitcoin supply is limited to 21 million according to CoinDesk data. Van-Petersen expects the circulating Bitcoin to reach 17 million in 10 years. 1.75 trillion dollars in this figure is also calculated for a Bitcoin 100 thousand dollars valuation.
Bitcoin recorded $ 2,798 on the 25th of May.
BONUS: BITCOIN PIZZA DAY
The price of Bitcoin was $ 0.003 in May 2010, seven years ago. On May 22nd, 2010, a programmer for ten thousand Bitcoin forum members on one Bitcoin forum sent two pizzas for $ 25 each. This event is celebrated as Bitcoin Pizza Day, 10 thousand bitcoin today's price is equivalent to 22.5 million dollars.
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