He very well could be right however it wont all be in bitcoin. Just like we have countries there will be crypto for specific use cases however bitcoin most likely will become the one for store of value as was originally thought.
Even if just 1 Trillion dollars of that 20 trillion was invested into bitcoin it would make the coin worth roughly $50,000 per coin and that very well could be happening soon.
Two main points that Mike went over and I fully agree with him on these.
#1 January Bubble
As much as governments and regulators want to say bitcoin was in a bubble and it bursts they are far from the truth. What looked like a massive change from $19,000 to our near $8,000 was simply a correction of over bullish but also normal in terms of percent gain vs lost. Even if you bought a year ago you are still up a massive 500% + which is totally unheard of. And the simple fact that bitcoin did not crash below $6,000 shows a clear wall and no bubble burst.
#2 Getting to 20 Trillion will be no easy task
It is going to take a ton of effort and honestly effort from each one of us to create value and use cryptocurrency instead of fiat when selling that value. Once markets start trading and businesses start accepting bitcoin and other crypto the faster it will be adopted, regulated and fully used in everyday transactions.
What are you plans to help adopt cryptocurrency into your area?
*Image pulled from - https://wp.caribbeannewsnow.com/2018/03/08/the-rise-of-cryptocurrency-in-the-caribbean/
This is an interesting one, I will review it in detail, excellent, THANK YOU for sharing!
It would take to have almost magical powers in sime cases because common people are just too blind to see...
I can tell you from my personal experience that I try hard to convince my own family to enter the crypto world, but they refuse to see the future and the truth
Yeah people are really hung up on fiat for some reason, It seems like the younger generation gets this a little better then older.
I recently watched the novagratz interview with Bloomberg, long term Iโm bullish on bitcoin but I feel heโs way to bullish.
Thanks for the tips, bit coin is expanding exponentially, cool.
People laughed when I told them I see a 2-5 trillion dollar market by the end of the year.
I wrote about the same subject.
My comment on expectations:
"The investor's money will move where it's possible to earn more.
Crypto industry is growing - exponentially.
Breaking news - UBER will be decentralized!!!
His example will follow many.
Google and Facebook forbid crypto, but in prepare their own crypto coins - is not "ethical" but is pragmatic.
The speed of change is difficult to ascertain, but the direction is seen from the universe ..."
This is a "natural way of events" - development and only development of technology and stimulating and adapting the financial industry along with development ...