• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
bitcoin

Research Firm: 3 Use Cases Could Send Bitcoin To $1 Trillion

Nick Chong by Nick Chong
3 years ago
in Bitcoin
Reading Time: 3 mins read
Advertisement

Few assets are worth $1 trillion. Even still, analysts and investors in Bitcoin have long expected the market capitalization of the cryptocurrency to surmount the billions and enter the trillions.

As crazy as this may sound, a prominent investment research firm, ARK Invest, in a recent report mentioned three somewhat feasible use cases that could push BTC’s  market capitalization to $1 trillion — 525% higher than the current value of $160 billion.

Related Reading: Watch Out, This New Bitcoin Scam Is All Over Youtube

How Bitcoin Could Hit $1 Trillion: ARK Invest

Prominent investment research firm ARK Invest recently shared its “Big Ideas 2020” deck on Twitter, exploring ten technological trends and industries that are likely to become much bigger than they were this year than last year.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
No Deposit 40 FREE SPINS at Wild.io on SIGN UP. Wheel of fortune, daily bonuses, 10 BTC in prizes monthly! Start Playing Now!

One “Big Idea” the firm mentioned was Bitcoin, which the company has long been tracking as a feasible investment and potential option on the future financial system. In fact, ARK Invest was the company that got Elon Musk to laud Bitcoin in a podcast.

Anywho, in their deck, ARK Invest’s analysts gave three use cases for the cryptocurrency that could see BTC exceed a 13-digit market capitalization in a relatively short period of time.

  1. BTC as a new form of money: The company wrote that the leading cryptocurrency could become a medium of exchange and a potential catalyst for currency demonetization. With the M2 (monetary measure) of money in countries outside of the top four economies amounting to $40 trillion, BTC securing 5% of that market could see it valued at over $1 trillion.
  2. BTC as a digital store of value: ARK Invest next added that Bitcoin could feasibly become a digital store of value, a digital gold if you may. It securing 15% of gold’s $9 trillion market cap could give BTC an aggregate value of $800 billion.
  3. BTC as a non-seizable, offshore asset: Lastly, the research boutique noted that Bitcoin could soon be seen as an asset that allows the wealthy to make sure their wealth is unseizable. With the purported aggregate net worth of HNWI purported to be above $40 trillion, BTC securing a small portion of this wealth could value it well into the trillions.

In a world with 10,000 crypto currencies, bitcoin simply..refuses..to die.

Maybe its unique combination of technical and 'belief' networks endows it with some durable value.

How much? We slice it three ways and a $1T is not off the mark. pic.twitter.com/i99grrbWZn

— James Wang (@jwangARK) January 16, 2020

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Related Reading: Crypto Tidbits: Elon Musk Pokes Bitcoin Bear, Japanese Giants Delve Into Cryptocurrency Mining, Baidu’s Blockchain Beta

Is It Even Possible?

While $50,000 may seem lofty at the moment, it may come sooner than investors think, according to one tried-and-true Bitcoin price model crafted by a quantitative analyst and lauded by a German bank.

The model is the so-called stock-to-flow model, which is effectively a derivative of an asset’s inflation rate, with the stock being the above-ground supply and flow being the annual issuance.

Pioneering this model is PlanB, a pseudonymous Bitcoin analyst who claims to be a quantitative analyst at a European institution. In March, he found that Bitcoin’s scarcity can be equated to its market capitalization to a 95% R squared, statistics terms for extremely accurate.

The model predicts that after the May 2020 block reward reduction, which will once again see BTC’s inflation be cut in half, Bitcoin will have a fair value of anywhere from $50,000 to $100,000.

Should BTC trade at parity with the model’s fair value, then a $1 trillion market capitalization for the leading cryptocurrency should be had in no time.

Related Reading: This Late Night Host Just Exposed Millions to Bitcoin, Again
Featured Image from Shutterstock
Tags: ark investbitcoincryptocurrencygoldplanb
Tweet123Share232ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Related Posts

Bitcoin BTC

Time To Sell Bitcoin And Crypto? ‘Big Short’ Michael Burry Tweets ‘Sell’

4 hours ago
Bitcoin Ready To Break Trough $24K, Vital Signs Provide Clues

Bitcoin Ready To Break Trough $24K, Vital Signs Provide Clues

11 hours ago
Santiment Explains Why Bitcoin Saw A Pullback During The Past Day

Santiment Explains Why Bitcoin Saw A Pullback During The Past Day

23 hours ago
bitcoin price bull

Bitcoin Spiked to $23,960, But Traders Are Not Very Greedy

1 day ago
Bitcoin Mining

This Level Could Be Crucial For Bitcoin, PoW Pricing Model Suggests

2 days ago
Bitcoin

Bitcoin Volatility Ahead? Open Interest Registers Sharp Jump

2 days ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Big Eyes Coin Hits £20 million in Presale: Feline Friendly Crypto Dwarfs Competition

February 1, 2023

B2Broker Unveils Integrates Match-Trader into Its White Label Liquidity Offering

February 1, 2023

Optimism (OP) reaches all-time high, Coinbase fined 3.3 million euros by Dutch central bank and could Snowfall Protocol (SNW) launch earlier than the official date as investors pile in to buy up remaining supplies

February 1, 2023

Spike in Transactions causes Polygon (MATIC) price to Surge, Ethereum (ETH) loses 2.94%, and Snowfall Protocol (SNW) sells more than 90% of their phase 3 supply

February 1, 2023

Bitcoin Cash (BCH) Proponent Roger Ver Sued, Litecoin (LTC) Surpasses Ethereum’s Number Of Unique Addresses, And Snowfall Protocol (SNW) Shines 3700% Brighter

February 1, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.