The article below was written by Greg Thomson, a cryptocurrency and blockchain journalist from Glasgow, Scotland who has a passion for unearthing the rarest stories from within the crypto landscape.

 

Who would have thought that Bitcoin and other cryptocurrencies would have the kind of effect they are having on the financial world after all the F.U.D. (Fear, Uncertainty, and Doubt) put out by that industry when commenting on Bitcoin over the years?

 

People normally fear things they know nothing about until they have conducted their own due diligence and can form an educated decision about the topic.

 

Individuals in the Financial Industry have a fiduciary responsibility and their words carry a lot of weight, but those words need to be carefully chosen and in line with what regulators are saying.

 

Without clarity from regulators, the Financial Industry could not officially support Bitcoin and cryptocurrencies.

 

As western countries pass legislation and regulations governing Bitcoin and other cryptocurrencies, individuals, banks, and financial institutions with fiduciary responsibilities can now participate in the crypto space.

 

What was once only talked about by those in the crypto space is now being discussed by giants in the financial world and that is the future price of Bitcoin.

 

Long before it was ok for the financial world to speak about, leaders inside the crypto space were talking about Bitcoin one day reaching $1 million dollars per coin in value.

 

Today, analysts at Ark Invest believe Bitcoin has the potential to reach the $10 trillion in Market Cap of gold and surpass it.

 

With Bitcoin currently hovering around the $60,000 per coin price, a 10X increase in price would place it in the $600,000 per coin range.

 

Some believe Bitcoin is 100 times better than gold and now you can see how not only Bitcoin at $600k per coin but Bitcoin at $1 million dollars per coin price is attainable.

 

How Does Bitcoin at $600k Per Coin Becomes Possible?

 

Bitcoin has a ceiling of 21 million coins and there are less than 2.4 million coins left to be mined with most of them being mined in the next seven years.

 

At the current rate of 6.25 Bitcoins being mined every 10 minutes, means 37.5 per hour, 900 per day, and 328,500 per year for the next three years.

 

On or about May 11, 2024, Bitcoin will go through another halving where the number of Bitcoins mined will be reduced to 3.125 every 10 minutes, 18.75 every hour, 450 per day, and 164,250 per year.

 

By approximately May 11, 2028, approximately 1,971,000 additional Bitcoins will be mined, bringing the total in existence to approximately 20,645,000.

 

We all know that the scarcer something is, the higher the perceived value.

 

In the case of Bitcoin, it may not be perceived value, but the actual value in less than 10 years.

 

What has also been talked about in the crypto space is that owning just 0.25 Bitcoin has the potential to make you a millionaire.

 

As more high net worth investors and financial institutions put their money into Bitcoin, the future possibilities where the price per coin ends up seems limitless.

 

Read the short article below, leave a comment, share on your favorite social media pages, and subscribe to my blog so that you are notified when new content is added.

 

DISCLAIMER: I am not a financial advisor, planner, or CPA, and I am not giving anyone investing advice, I am just sharing information I know and use in my own decision-making about cryptocurrencies. If you need financial advice, please seek the advice and guidance of a licensed financial advisor, planner, or CPA with knowledge of cryptocurrencies.

The article below can be found at the following website URL:

https://cointelegraph.com/news/renowned-stock-picker-believes-bitcoin-will-eclipse-gold-s-10t-market-cap

Greg Thomson

 

Renowned stock picker believes Bitcoin will eclipse gold’s $10T market cap.

It seems $600,000 a coin is the minimum target for analysts over at Ark Invest, who believe Bitcoin will match and then surpass the market capitalization of gold.

News

  • Ark Invest believes Bitcoin’s ( BTC) market capitalization will one day “comfortably eclipse” that of gold’s, and exceed $10 trillion, reports the London Times.

Headed up by veteran stock picker Cathie Wood, analysts at Ark believe Bitcoin’s $1-trillion value is set to rise tenfold in the coming years, as it moves from being a fringe asset to a mainstream financial tool.

The value of Bitcoin has doubled since January 2021 alone, compounding 500% gains made throughout 2020. As is normally the case, Bitcoin’s rising tide lifted all the boats in the wider cryptocurrency marina, sending many to new all-time highs in the process. With the global market cap now worth just under $2 trillion, the climb to the $10-trillion mark does not seem too far away.

Yassine Elmandjra, a crypto asset analyst at Ark, believes Bitcoin has the potential to surpass gold’s $10-trillion market cap:

“If you look at gold as a $10 trillion market cap, bitcoin is about 10 percent of that, and if we believe bitcoin is a 100 times better version than that, then it’s fairly safe to say that there’s a stark chance that bitcoin captures a lot of gold and market share, and more.”

But what about the effect of regulation on the future performance of Bitcoin? Elmandjra responded to claims by United States Secretary of the Treasury Janet Yellen that Bitcoin was inefficient, unstable, and often used for illegal activity.

“I really think that it’s just outdated arguments as a function of their complete lack of education, which is a function of just their lack of interest in learning about this,” said Elmandjra.

 

 

222 thoughts on “Can You Imagine Bitcoin at $600k Per Coin or Higher?

  1. Truly plenty of fantastic advice!
    best payout online casino [url=https://bestonlinecasinoreal.us/]roulettes casino online[/url] online casino free spins no deposit

  2. Nicely put. Appreciate it!
    [url=https://writingpaperforme.com/]writer paper[/url] essay writter [url=https://custompaperwritersservices.com/]write my paper for me[/url] paying someone to write a paper

  3. Superb info, Thanks a lot.
    [url=https://homeworkcourseworkhelps.com/]buy coursework[/url] my homework [url=https://helpmedomyxyzhomework.com/]coursework writing service uk[/url] buy coursework online

  4. Thanks a lot, Lots of forum posts.
    [url=https://englishessayhelp.com/]help write my essay[/url] best essay writing service [url=https://essaywritinghelperonline.com/]help with writing essays[/url] help writing a paper

  5. You made your point pretty effectively!.
    [url=https://essaywritingservicehelp.com/]term paper writing service[/url] writing an essay introduction [url=https://essaywritingservicebbc.com/]service to others essay[/url] last minute essay writing service

  6. Beneficial advice. Kudos!
    [url=https://ouressays.com/]research paper writer services[/url] proposal writing services [url=https://researchpaperwriterservices.com/]contents of research proposal[/url] term paper writing

  7. Amazing a good deal of superb advice.
    [url=https://argumentativethesis.com/]bachelor thesis writing service[/url] writing a thesis [url=https://bestmasterthesiswritingservice.com/]thesis[/url] thesis statement

  8. You suggested it well!
    [url=https://topswritingservices.com/]writing a scholarship essay[/url] essay writing companies [url=https://essaywriting4you.com/]last minute essay writing service[/url] best online essay writing service

  9. You’ve made your position quite well!!
    [url=https://researchproposalforphd.com/]parts of research proposal[/url] research proposal introduction [url=https://writingresearchtermpaperservice.com/]research proposal cover page[/url] paper proposal

  10. Regards. I appreciate this!
    [url=https://phdthesisdissertation.com/]custom dissertation writing service[/url] help writing dissertation proposal [url=https://writeadissertation.com/]dissertation online help[/url] uk dissertation help

  11. You reported it superbly!
    [url=https://payforanessaysonline.com/]pay someone to write your essay[/url] pay for an essay [url=https://buycheapessaysonline.com/]buy essay online cheap[/url] pay for college essay

  12. Wow lots of amazing data.
    [url=https://ouressays.com/]dissertation research proposal[/url] research paper writer services [url=https://researchpaperwriterservices.com/]termpaper[/url] help with research paper

  13. This is nicely put. .
    [url=https://studentessaywriting.com/]essay writing service usa[/url] online check writing service [url=https://essaywritingserviceahrefs.com/]essay writing service coupon[/url] essay writing website

  14. You actually explained that effectively!
    [url=https://topswritingservices.com/]top essay writing[/url] writing essay service [url=https://essaywriting4you.com/]writing service essay[/url] mba essay writing service

  15. Amazing information, Thanks a lot!
    [url=https://payforanessaysonline.com/]pay someone to write my college essay[/url] buy an essay [url=https://buycheapessaysonline.com/]pay for essay[/url] pay for essays

  16. Nicely put, Kudos.
    [url=https://customthesiswritingservice.com/]thesis template[/url] thesis statement meaning [url=https://writingthesistops.com/]writing a thesis statement[/url] argumentative thesis

  17. Info clearly applied.!
    [url=https://quality-essays.com/]pay for essay reviews[/url] buy essay [url=https://buyanessayscheaponline.com/]buy college essays[/url] pay someone to write paper

  18. Cheers! Wonderful information.
    [url=https://writingpaperforme.com/]how to write an apa paper[/url] write paper [url=https://custompaperwritersservices.com/]paper writer services[/url] how to write a reflective paper

  19. Thanks a lot, Wonderful information.
    [url=https://ouressays.com/]cheap research paper writing service[/url] research proposal [url=https://researchpaperwriterservices.com/]term paper help[/url] write my research paper

  20. Many thanks, Wonderful stuff.
    [url=https://englishessayhelp.com/]essay typer[/url] essay helper free [url=https://essaywritinghelperonline.com/]help with essay writing[/url] essay helper online

  21. Well voiced without a doubt! .
    [url=https://service-essay.com/]pay to write paper[/url] paper writing service [url=https://custompaperwritingservices.com/]best paper writing services[/url] pay someone to write a paper

  22. Truly lots of amazing info.
    [url=https://theessayswriters.com/]write a essay for me[/url] writing a persuasive essay [url=https://bestcheapessaywriters.com/]write essay[/url] write this essay for me

  23. Thank you, Numerous advice!
    [url=https://writinganessaycollegeservice.com/]best paper writing services[/url] essay writing service coupon [url=https://essayservicehelp.com/]essay writer help[/url] online essay writing services

  24. Whoa all kinds of valuable material.
    [url=https://argumentativethesis.com/]writing a thesis statement[/url] college thesis [url=https://bestmasterthesiswritingservice.com/]a thesis[/url] thesis statements

  25. Reliable posts. Cheers.
    [url=https://quality-essays.com/]pay for college papers[/url] buy college essays [url=https://buyanessayscheaponline.com/]pay for college papers[/url] buy essay online

  26. Nicely put. Thanks!
    [url=https://topswritingservices.com/]writing an opinion essay[/url] pro essay writing service [url=https://essaywriting4you.com/]professional paper writing services[/url] essay writing service uk cheap

  27. This is nicely expressed. .
    [url=https://customthesiswritingservice.com/]good thesis statements[/url] good thesis [url=https://writingthesistops.com/]argumentative thesis statement[/url] a good thesis statement

  28. Nicely put. Many thanks.
    [url=https://writingpaperforme.com/]essay writer[/url] how to write a scientific paper [url=https://custompaperwritersservices.com/]professional paper writers[/url] paper writing

  29. Thanks a lot, Great information!
    [url=https://service-essay.com/]pay for research paper[/url] research paper writing service [url=https://custompaperwritingservices.com/]paper writer services[/url] professional paper writing service

  30. Fine information. Cheers!
    [url=https://helpwithdissertationwriting.com/]dissertation assistance[/url] dissertation def [url=https://dissertationwritingtops.com/]dissertation assistance[/url] phd weight loss

  31. Fine forum posts. Thanks a lot!
    [url=https://ouressays.com/]proposal writing[/url] research paper writers [url=https://researchpaperwriterservices.com/]research paper help[/url] buy term paper

  32. Superb content, With thanks.
    [url=https://essaytyperhelp.com/]essay helper[/url] essay writer [url=https://helptowriteanessay.com/]help with my essay[/url] essay writing service

  33. Nicely put. With thanks.
    [url=https://englishessayhelp.com/]essay typer[/url] paperhelp [url=https://essaywritinghelperonline.com/]essay helper online[/url] paper writing help

  34. Fine content. Regards!
    [url=https://topswritingservices.com/]education essay writing service[/url] best essay writing service review [url=https://essaywriting4you.com/]essay writing topics in english[/url] essay writer service

  35. Many thanks, Numerous data.
    [url=https://bestpaperwritingservice.com/]paper writing services[/url] paper writing service reviews [url=https://bestonlinepaperwritingservices.com/]pay someone to write a paper[/url] custom research paper writing services

  36. Regards. I enjoy it.
    [url=https://studentessaywriting.com/]writing a conclusion for an essay[/url] coursework writing service [url=https://essaywritingserviceahrefs.com/]best online resume writing service[/url] cheap custom essay writing service

  37. Although I like your website, several of your postings need to have their spelling checked. Since many of them have numerous spelling mistakes, it’s challenging for me to be honest. Still, I will come back.

  38. I loved even more than you will get done right here. The picture is nice, and your writing is stylish, but you seem to be rushing through it, and I think you should give it again soon. I’ll probably do that again and again if you protect this hike.

  39. My sibling advised me to visit this site, and he was entirely correct. This post truly brightened my day. I cannot even begin to express how much time I had devoted to gathering this information. Many thanks.

  40. Wonderful beat ! I would like to apprentice whilst you amend your site, how could i subscribe
    for a weblog website? The account helped me a appropriate deal.
    I have been a little bit familiar of this your broadcast provided bright transparent idea
    I saw similar here: ecommerce and also here:
    najlepszy sklep

  41. Your best source for free and live chat with adults in a sexually charged environment. Over the years and even more recently, sex chat usage has increased significantly. Users are in search of a platform that allows adults to gather together in one common setting. There, they can make new friends or satisfy their deepest sexual fantasies. Are you tired of the typical adult chat rooms you see on internet? Are you looking for something more unique with hundreds of people logged in at all times? You can have great time here : https://bit.ly/Free-Adult-Webcams

  42. Howdy! Do you know if they make any plugins to assist with SEO?
    I’m trying to get my blog to rank for some targeted keywords but
    I’m not seeing very good gains. If you know of any please share.
    Many thanks! You can read similar text here: Sklep internetowy

  43. Hey there! Do you know if they make any plugins to
    assist with Search Engine Optimization? I’m trying
    to get my blog to rank for some targeted keywords but I’m not seeing very
    good gains. If you know of any please share. Thanks! You can read similar art here: E-commerce

  44. Hey there! Do you know if they make any plugins to help with SEO?
    I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good gains.
    If you know of any please share. Kudos! You can read similar text here: Dobry sklep

  45. Hey! Do you know if they make any plugins to assist with SEO?
    I’m trying to get my website to rank for some targeted keywords but I’m
    not seeing very good results. If you know of any please share.

    Cheers! You can read similar article here:
    List of Backlinks

  46. Benefits of Magnetic Power Generator. All around the world shortage of power is a common problem and that is why people are in search of some reliable and cheap source of electricity. Many people are using magnetic generators and the reason behind this is that they get many advantages through them.This generator is very easy to install in your home in a limited place without disturbing the original settings of your house. All you need is a little spare space to install this. This will help you to reduce your normal electricity bill. You can use this as an energy supplier for most of the times so you do not need to switch back to your old ways of power consumption. As soon as you start using this source of energy in your house you will see a noticeable saving in your income.It doesn’t produce any harmful gases that can damage environment. In this generator, magnets will generate energy which is usable in any condition. The cost of having this power generator is not high at all. It is the cheapest source of power generation in the modern era of technology. The main thing in this generator is a magnet which works along with a small wheel.As you already know that it is free of cost and there is no third party involved in installing this generator, so you won’t need any maintenance from some expert. You can maintain it on your own by cleaning it at regular intervals. This is the most ideal thing to place in your home as a source of electricity. It can hold the energy sufficient to handle all the appliances of the house. A family of 4 to 6 is very ideal for this type of energy generation device.No harmful rays and no complex electric motors are involved here so you shouldn’t worry about the safety of your family and friends. Unlike other free electric generation devices, this doesn’t need any solar power or wind. It will work on its own without any source of external natural energy. Weather will not affect the performance or generation of energy from this magnetic generator. As it doesn’t depend on any external source so this would be an uninterrupted source of power generation. You can find more info here: https://bit.ly/MagnetsForEnergy

  47. “Watchers” introduces us to Travis Cornell, a former Delta Force operator who has become disillusioned with life. He spends his days in seclusion in the canyons of California, finding solace only in the occasional company of his faithful dog. His solitary existence is shattered one day by an unexpected encounter with a remarkably intelligent golden retriever — a dog that seems to possess an uncanny understanding of the dangers lurking in the shadows.

  48. In Dean Koontz Intensity We meet Chyna Shepherd, a young woman with a vibrant spirit and a resilience forged by a difficult past. Seeking respite from the pressures of her life, she decides to spend a weekend relaxing at her friend’s isolated farmhouse in the picturesque Napa Valley. Unbeknownst to Chyna, this idyllic setting will become a claustrophobic battleground where she must confront the darkest corners of human nature.

  49. The central theme of Atomic Habits is that massive success doesn’t come from huge leaps, but rather from small, consistent improvements. Just as atoms are the building blocks of matter, seemingly insignificant “atomic habits” have the power to compound into extraordinary outcomes.

  50. The practice of timestomping involves the deliberate alteration of these timestamps, reshaping the perceived chronology of actions and potentially obscuring the true sequence of events.

  51. Cheap Electricity Through magnetic generator. As needs of the time are changing therefore, it had become very important to find new ways and sources for generating energy. In order to have a serious progress in your daily life, you must discover new ways of cheaper energy generation. Producing cheaper energy is very important and essential requirement of our life because the cost of energy is continuously increasing all over the world. When a person is out in the field to search for the cheapest ways of generating electricity, he ultimately finds out that magnetic generator is one of the cheapest techniques in use these days. Cheap electricity through generator is a dream that has come true. Electricity that is generated through magnetic generator is very cheap than any other alternatives. If we talk about wind or solar energy we need huge initial investment and large space for their installation. These alternatives are based on climatic conditions but a magnetic generator is free from all such hinders and it always gives best performance. We all know that the magnets posses a special characteristic of polarity as a result of which they work uninterruptedly. This continuous motion compels the internal turbine to move and produce electricity. Magnetic generator users do not pay high amount of electric bills, which usually eat a major chunk of hard earned income common people. Magnetic generator does not wait for wind, solar light or any other environmental effect for its processing. Magnetic generator would definitely reduce your electricity bill up to 40 percent to 50 percent and sometimes even up to 80 percent. These reductions in the bills make one feel relaxed and comfortable. You need not to wait for electricity Supply Company to fix your problem. Now you can generate your own electric current using magnetic generator. These generators are also environment friendly. They do not produce any toxic fumes during their functioning. They do not produce loud sounds. You can place it at any convenient part of your home. They are easy to use and have almost no bad effects. This is one of the cheapest ways of producing energy. You can find more info here : https://bit.ly/MagnetsForEnergy

  52. Wow, marvelous blog format!

    How lengthy have you ever been running a blog for?

    you made running a blog glance easy. The entire glance of your website is fantastic, let alone
    the content material! I saw similar here prev
    next and it’s was wrote by Dennis09.

  53. Wow, awesome weblog layout!
    How lengthy have you been running a blog for?
    you make blogging look easy. The whole glance of your web site
    is wonderful, as smartly as the content material!

    You can read similar here prev next and that was wrote by Stanley70.

  54. How to Build Magnetic Power Generator for Yourself and pay less to your electric bill. Requirements: Everybody knows how magnet works? Most of the people do have magnets in their homes. So it is very unlikely not to find one for yourself easily. Or else, to set up a magnetic generator for yourself, you can buy basic tools for approximately $100 from any hardware store. Moreover, you need gear and turbine wheel which fits in it. You have to make sure that you fix magnets of equal size aside to each other. You can get more information and guidance from Internet Videos and websites. These videos will show you how to make a Magnetic Power Generator yourself. If it does not work for you, you can consult the energy expert for it. Once you get it, it definitely saves your initial investments. Another advantage of zero point magnetic power generators is that it is not very difficult for a person to create or operate. People think that creating energy themselves is not an easy task at all. But in reality, it is not a problem at all. All you need is to put up little efforts. How it creates energy?: The magnets are the main requirement that is needed for creating energy in this method; their power to repel would be the main source. If you want to dig deep, the most important part of generating energy from this method is to spin a turbine. For this matter, you will use the energy of magnets which completely helps in spinning a turbine continuously. Placing magnets in the box with opposite sides towards each other will create lot of repelling energy, which will be used in spinning the small wheel that makes a turbine move and will create the magnetic energy. The motion that was created with the help of magnets is called Perpetual motion. The energy it generates would be enough to run the home appliances. Maintenance: The maintenance cost is almost zero. You will hardly spend much on the magnetic power generator. It is a free source of energy generation because it does not need fuel to get started. Also you do not have to move it from one place to another. You can find more info here : https://bit.ly/MagnetsForEnergy

  55. Hey! Do you know if they make any plugins to assist with Search
    Engine Optimization? I’m trying to get my website
    to rank for some targeted keywords but I’m not seeing very
    good gains. If you know of any please share. Thank you!

    I saw similar article here: Escape rooms list

  56. I’ve been surfing on-line greater than three hours these days, yet I by no means found any interesting article like yours. It’s pretty price enough for me. In my opinion, if all site owners and bloggers made just right content as you did, the web shall be much more helpful than ever before!

  57. Howdy! Do you know if they make any plugins to help with Search Engine Optimization? I’m trying
    to get my website to rank for some targeted keywords but I’m not seeing very good success.
    If you know of any please share. Kudos! You can read similar text
    here: blogexpander.com

  58. Nice post. I learn something totally new and challenging on sites I stumbleupon everyday. It’s always helpful to read through articles from other writers and practice a little something from their web sites.

  59. An interesting discussion is worth comment. I do believe that you need to write more about this subject matter, it may not be a taboo matter but typically people don’t speak about these subjects. To the next! All the best!

  60. Hi there, I think your website could be having internet browser compatibility problems. When I look at your website in Safari, it looks fine however, when opening in Internet Explorer, it has some overlapping issues. I merely wanted to give you a quick heads up! Aside from that, excellent site!

  61. Greetings, I do believe your web site could possibly be having internet browser compatibility problems. Whenever I take a look at your website in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping issues. I simply wanted to provide you with a quick heads up! Besides that, wonderful website.

  62. Hello there, There’s no doubt that your web site may be having internet browser compatibility problems. Whenever I take a look at your blog in Safari, it looks fine however when opening in IE, it’s got some overlapping issues. I merely wanted to give you a quick heads up! Other than that, excellent website.

  63. Can I simply say what a comfort to discover someone who actually knows what they are discussing on the internet. You actually realize how to bring an issue to light and make it important. A lot more people must check this out and understand this side of your story. I was surprised you are not more popular given that you most certainly have the gift.

  64. Oh my goodness! Awesome article dude! Thank you so much, However I am going through difficulties with your RSS. I don’t understand why I cannot join it. Is there anybody else having similar RSS issues? Anyone who knows the solution will you kindly respond? Thanx.

  65. Next time I read a blog, Hopefully it doesn’t disappoint me just as much as this one. After all, Yes, it was my choice to read, nonetheless I truly believed you would have something helpful to say. All I hear is a bunch of whining about something that you can fix if you weren’t too busy searching for attention.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>