This hypothetical situation should give everyone who reads this a good idea of were we are at in the life cycle of bitcoin.
Currently Bitcoin is about 55% of the cryptocurrency market cap which equals to 242 billion dollars about half the value of facebook.
Bitcoin itself has a market cap of about 136 billion dollars which passed McDonalds recently in size. In order for bitcoin to reach 100k we have to make a few assumptions. Now i don’t want to use the max supply because that wont be reached for another 100 years, so what i will use 17.5 million circulating coins.
Once we got all those figures the math is quite easy. 100,000 * 17,500,000 = 1.75 trillion dollars about 37.5% of the market value of gold. ( gold is about 5 trillion dollars)
If you believe bitcoin has stopped its massive growth you are completely wrong!! The road to 100k is under way.
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