Bitcoins current market cap is approximately 60B and represents around 48-49% of the market.
LA Token's research and estimate for the cryptocurrency market is that it will reach 5 trillion by 2025 (see source below)
http://www.newsbtc.com/2017/09/12/lat-research-exponential-growth-crypto-markets-5-trillion/
So 2.5T (50% of 5T) divided by 60B is 41. So 41 X the current price of Bitcoin $3650 = $150,000
This assumes two (2) things:
- The cryptocurrency market hits 5T
- Bitcoin STILL represents around 48-50% of the market at that time.
When I began my cryptocurrency journey, I thought the people that boasted that Bitcoin could hit 5k, 10k, 50k were off their rocker. Now i'm a full believer. If projections are off and in 2025 we just hit 2.5T, then that would be a x20 multiple and a Bitcoin price of 75k per coin.
Will Apple's stock price be worth x20 times its current value in 2025? (I'll bet NO).