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.

 

 

125 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

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>