Bitcoin 30,000
Stock market capitalization $100 trillion usd. Bond market capitalization $70 trillion usd. Physical gold market cap $5 trillion usd. And plenty of worthless paper gold on top of that.
Move 1% out of that to cryptos = $ 1.7trillion usd.
Plenty of investors start allocating 1% - 5% of net worth to cryptos. To not miss out on next revolutionary tech.
Yes, crypto market trades with some premium. Some call it a bubble. But there is a fundamental value. Like in https protocol. And money will move in quickly.
We are at the beginning of new asset class. Initial $ 1.7 trillion will bring BTC to $30,000.
And it will happen faster than we think.
Posted Jul 21, 2017, 10:11 PM UTC
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