How Bitcoin Will Hit $1M By 2030
April 11, 2022
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as posted by the channelHow Bitcoin will hit $1M by 2030
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This is how Bitcoin will hit $1 million by 2030.
THE MATH:
The first thing we have to talk about is the actual math behind how much money moves the price of Bitcoin - because the logic a million dollar Bitcoin is flawed when we’re looking at market caps 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.
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