Original title: Can Bitcoin market value surpass Apple and Google in the next bull market?
At the time of writing, the market value of Bitcoin is US$210 billion. If it is said that its market value will soon surpass Google (US$1 trillion) and even Apple (US$2 trillion), in fact Is this possible?
A few years ago, the same idea seemed completely infeasible, even unthinkable, because at that time Bitcoin was nothing more than a highly volatile speculative asset. However, since then, many things have changed.
The development of events makes Bitcoin's future market value normally expected to hit $1 trillion.
Hal Finney: Hal Finney, a well-known Bitcoin programmer, is the first person to imagine that the market value of Bitcoin will exceed $1 trillion, or even reach $100 trillion (although this is a Long-term attempt).
S2F model: Despite many controversies, the S2F model may be the first mathematical model to predict the rise of Bitcoin.
The next point is its unique charm, which is because
institutions have fully entered Bitcoin. But before delving into this, we need to look at the technical side of Bitcoin, which seems to point to a market value of $1 trillion.
Extend the Bitcoin cycle
Obviously, since its launch in 2009, the Bitcoin cycle has been extending.
The first cycle (bull market plus bear market operation) lasted 400 days, the second cycle was 1150 days, and the third cycle is still continuing.
From the way the ROI cycle is formed, we can infer that
Bitcoin’s third cycle will be At its peak in 2022, the price of Bitcoin may exceed $100,000. To be precise, the peak of the third cycle will be in August 2022, only 686 days or 1.8 years left.
So, in general, we have about 3 independent events predicting that Bitcoin will soon reach a market value of $1 trillion, and this does not include institutional views.
2020: Institutions fall into the Bitcoin "rabbit hole"
For a long time, Bitcoiners have been waiting for institutions to fall into their prepared "rabbit hole" "Although the required infrastructure is still under development, the large institutional participant who announced early in 2020 to invest in Bitcoin is Paul Tudor Jones.
Perhaps the boldest move is
MicroStrategy's large-scale investment in Bitcoin. And Microsoft’s investment announced to the world that
Bitcoin can be used to hedge against deteriorating economic conditions, and MicroStrategy has created a path of participation for other companies or institutions to follow.Expand the full text
In fact, Michael Saylor even predicted that CashApp will be on the podcast on Twitter Saylor said
"There are 35,000 listed companies holding a total of 5 trillion U.S. dollars in spare cash, and the actual return due to the virus pandemic is negative.
Twitter only CashApp has about 10 billion U.S. dollars in spare cash. Therefore, even if 1%-2% of this capital (5 trillion U.S. dollars) flows into Bitcoin, it can easily push its market value to 2 trillion U.S. dollars Even higher.”
And CashApp followed MicroStrategy and invested $50 million in Bitcoin. This purchase news made Bitcoin soar by 4%.
Back To Sayler’s comment, there are about 5 trillion U.S. dollars in spare cash stored in the company’s Treasury bills. If other companies follow in the footsteps of CashApp and MicroStrategy, then the possibility of Bitcoin’s market value soaring will be high, 1 trillion. The U.S. dollar will also be an easy goal to achieve.
Although the number of
$100,000 has been invested a lot, the number is very significant because institutions are actively investing in Bitcoin. Significance.
As assumed in a recent "Ecoinometrics" article, the official account is smart Quantitative trading investment software bos626.
The market value of Bitcoin is likely to exceed Google and Apple.
With a market value of $1 trillion, the price of Bitcoin will be $50,000 Between US$100,000 and US$100,000. In addition,
This will coincide with the extension of the Bitcoin cycle and its new goal of reaching US$100,000 in 2022.
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