Cryptocurrency

Fund Manager: crypto could soon rise by 4,000% to a market capitalization of 10 trillion dollars – Coin Update

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Bitcoins and other Top crypto-Assets are widely traded their all-time highs.

Data from trading view is that BTC are trading more than 50% below its all-time high, while Ethereum has lost almost 85%. Most of the Altcoins reported even worse results than the two market leaders.

This investor holds, however, not to speculate as to where this nascent market could end when the next market cycle reaches its peak.

Crypto could reach with small investors with $ 10 trillion

According to Joseph Todaro, managing Director of the crypto-centric Fund block town Capital, could reach the capitalization of the crypto-market in the next cycle, about 10 trillion dollars, because “the money of private clients, begins really to be in flow”.

10 trillion dollars is about 4,000% higher than the current total value of the digital assets of about $ 270 billion.

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In the context considered: the 10 trillion dollars is a tidy sum all in All.

The Chairman of the Board of block force, Capital, Eric Ervin, has on 9. June the graph below, divided according to the total market capitalization of the S&P 500 27,8 trillion dollars.

With a 10 trillion Dollar crypto a little more than a third of the current value would be some of the most valuable companies in the world – including Apple, Microsoft, Facebook and Amazon.

S&P 500 Market capitalization Chart, shared by Eric Ervin, CEO of block force Capital

$ 10 trillion is roughly equivalent to 50% of the national GDP of the USA in the year 2019, or about 10-12% of the global GDP.

Important: The fact that the crypto market capitalization may reach $ 10 trillion, not 10 trillion dollars in Bitcoin exchanges have been paid.

On the basis of a so-called Fiat-amplifier (meaning that the value of Bitcoin the value of a 1 Dollar increase in market capitalization of more than $ 1, can) is not reached means an industry with a value of $ 10 trillion may not be as difficult as some might expect.

Profits mainly for Bitcoin

It is expected that all crypto currencies in the coming market cycle to recover, but prominent representatives of the industry assume that the gains will be focused on Bitcoin.

Raoul Pal, Chairman of the Board of Real Vision, and a former managing Director of Goldman Sachs, has expressed on various occasions on this issue.

The Investment Veteran, holds a world full of crypto-currencies and Blockchains for the future, sees Bitcoin as the “purchase option” in this potential world. That is, if crypto currencies become Mainstream, is BTC likely to be in the front of the.

Pal in a recent Newsletter to its subscribers by institutional investors:

“It is a completely trusted, verified, secure, financial, and accounting System of a digital value. (…) It is nothing less than the future of our entire system of money exchange, and of money itself and the platform on which it operates“

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About the author

Eve Manning

Eve Manning

A native Texan, Eve first started out as a Finance Analyst and later realized that her true passion was not in trading but in writing. She leverages her experience in the Finance industry to analyse and write in-depth news articles covering the Cryptocurrencies, Economy & Finance industries.

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