How BitcoinBitcoin1$ 19,308.580.18%-6.01%-15.89%details will hit $1M by 2030
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This is how Bitcoin will hit $1 million by 2030.
The first thing we have to talk about is the actual math behind how much money moves the price of Bitcoin Bitcoin is a decentralized digital currency that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.Learn more – because the logic a million dollar Bitcoin is flawed when we’re looking at market caps Market capitalization is the total value of all the coins that have been mined (multiply the number of coins in circulation by a single coin).Learn more like I used to do. Here is the thing about market caps. The market cap is the total supply a coin multiplied by the current price and even though market caps are supposed to tell us how much money is in the asset in total – they don’t actually tell us that and it’s kind of confusing.
For example Bitcoin has an 800 billion dollar market cap – it does not mean that 800 billion dollars worth is actually inside of Bitcoin.
WHAT’S ACTUALLY A MARKET CAP:
All a market cap is – is the estimate of how much value there is if you were to take a Bitcoin at $42,700 and sell all 19 million of them at that price, then it would imply – 800 billion but that is impossible because you can’t sell everything at one price – without drastically affecting it’s price on the way down. Therefore Bitcoin’s real value is not its price or market cap.
HERE ARE 8 CATALYSTS THAT COULD MAKE A MILLION DOLLAR BITCOIN POSSIBLE:
Watch the video to find out!
*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.