What if cryptocurrency is poised to become a $35,000,000,000,000 market in 2 years?
This is assuming the market meets these 2 conditions:
- It grows at the same rate it grew since a year ago, which is 14x a year.
- The market doesn't crash within 2 years.
Is a $35 trillion dollar market even realistic? Look at this chart:
So a $35 trillion dollar will put cryptocurrency somewhere around the Physical Money in circulation. Now consider these:
- Some money from gold will go to cryptocurrency.
- Some of the physical money will be turned to cryptocurrency, cryptocurrency will be used by people around the world from their smartphones. Some countries are already moving into this direction.
- Some money from stock market will go to cryptocurrency.
- If Stock Market can get there, why not Cryptocurrency? And given our speed of progress in the recent years, it will happen.
It doesn't look so impossible right?
Is a $1,000,000 dollar Bitcoin possible?
Now look at the cryptocurrency market capitalization from Nov 2016 to Nov 2019 as assumed here, along with Bitcoin's price and supply (from mining rate prediction).
Nov 2016
$13,000,000,000
Nov 2017
$180,000,000,000
($6,200 per BTC @ 16.8 million supply)
Nov 2018
$2,500,000,000,000
($86,800 per BTC @ 17.5 million supply)
Nov 2019
$35,200,000,000,000
($1,210,000 per BTC @ 18 million supply, most miners will find it difficult from then onwards)
Well, there are already some people who believe it will reach there.
Jim Cramer (American television personality, former hedge fund manager, and best-selling author. Cramer is the host of CNBC's Mad Money and a co-founder of TheStreet, Inc.)
Wenses Casares (CEO of Xapo, Director of PayPal)
Kay Van-Peterson (Director of Saxo Bank)
Henry Blodget (former equity research analyst who was senior Internet analyst for CIBC Oppenheimer and the head of the global Internet research team at Merrill Lynch during the dot-com era)
Should I invest now?
I can't tell you if you should invest now, but let's take a look at this. Consider that you have $3,000 initial capital, and you split them equally on each of the top coins last year. Here's the average ROI
Split equally among Top 5 coins: 19.58x
Split equally among Top 10 coins: 17.33x
Split equally among Top 15 coins: 17.22x
Split equally among Top 20 coins: 16.51x (3 became worthless)
Split equally among Top 25 coins: 16.05x (4 became worthless)
Split equally among Top 30 coins: 21.40x (6 became worthless)
Will you look at that? You don't even have to look at the charts, or care if they crashed, or disappeared (like some did). You get a handsome ROI of at least 15x if you bought them last year, forget about them and sell them today. So with a $3,000 spent last year, without studying the coins, without trading day and night, without worrying what happens to them, you still have $45,000 today. How about that? What do you think?
What happens to your $3,000 dollar investment by Nov 2019?
Again, assuming the market meets these 2 conditions:
- It grows at the same rate it grew since a year ago, which is 14x a year.
- The market doesn't crash within 2 years.
$3,000 is $42,000 by Nov 2018
$3,000 is $588,000 by Nov 2019
If you put in $3,000 since Nov 2016 (a year ago), you will have $8,232,000 by Nov 2019
BUT WAIT!
Not all investments make you a profit! You could lose everything you have invested! That's right! So how much are we talking about here? Yes, you could lose $3,000. Can you afford to lose $3,000 for a chance to earn $588,000? I know I could. If I lose that money, I can still go on with my life. How about you? Can't lose $3,000? How about $1,000? Or even $100?
So, always do your own DUE DILIGENCE whether it's worth the risk to invest!
Do you think the cryptocurrency market will crash in 2 years? Do you think the cryptocurrency market has room to grow much larger in 2 years? What do you think?