Bitcoin market cap just hit 100 of these:
In early 2013 when bitcoin hit $10, I made what was called an "insane" prediction that it would eventually hit $10,000. When bitcoin hit $1000 at the end of 2013, I revised my prediction to $100,000.
I once again revise my prediction to $1,000,000 for one bitcoin. At this level, bitcoin would have a market cap of $16 trillion. Due to the network effect and its decentralized, viral, exponential nature, it should hit $1,000,000 by 2022. The chart shown below is a log plot of the price of bitcoin since 2012. Bitcoin had a 5000-fold gain its first 3 years, then another 1000-fold gain its next 5 years. It only needs a 166-fold gain from $6000 to reach $1,000,000.
I made this slide for the annual wealth convention in Geneva, Switzerland. I am honored to be giving a keynote on blockchain on November 16: https://tsfc.ch/event/geneva-wealth-tech-forum-2017/. In attendance will be CEOs of fintech companies and banks such as Saxo, Vontobel, and IG. I am very pleased that major institutions are finally embracing this technology.
Image credits: http://www.experienceproject.com/stories/Am-Drawn-To-The-New-Dollar-Designs/1211990
About Dr. Chris Kacher
- Appearances on major television, radio, and print programs https://www.virtueofselfishinvesting.com/news
- Bestselling author of "How We Made 18,000% in the Stock Market"
- Co-founder of Creative Group Trading Inc., a pro bono cryptocurrency platform with proceeds going to various cutting edge technologies aimed at space exploration, environmental protection & remediation, and AI/VR enhanced education
- Co-founder of http://www.virtueofselfishinvesting.com
- Helped to discover element 110 on the Periodic Table of Elements as well as confirm the discovery of element 106 which his team named Seaborgium after his UC Berkeley Ph.D. thesis advisor Professor Glenn Seaborg
- His music has charted on the iTunes music charts twice
- http://en.wikipedia.org/wiki/Chris_Kacher