For those of you that think Bitcoin is too pricey and can't really go much higher, check this picture out:

As you can see Bitcoin's current market cap is right around $41 billion.

Lets take a moment and see exactly how much Bitcoin would have to increase to reach the levels of some of these other items: 

At $41 billion, Bitcoin would have to multiply it's market cap by roughly 18x to reach the current market cap of Apple, and Apple is a company.

Bitcoin certainly isn't a company, instead it claims it is a new form of currency. 

Well, for Bitcoin to reach the current market cap of all the U.S. dollars in circulation, it would have to multiply it's market cap by roughly 37x from current levels.

And that is just U.S. dollars.

Some people like to say that Bitcoin isn't really a currency either. 

Instead, they say it is more comparable to Gold as a speculative asset. 

Well, for Bitcoin to reach the current market cap of Gold, it would have to multiply it's market cap by roughly 200x from current levels.

Are you seeing a trend yet?

Now lets say Bitcoin were to one day replace all the physical money that is currently in existence globally. 

For that to happen Bitcoin would have to increase it's market cap by roughly 770x from current levels.

So...

The next time someone tries to tell you that Bitcoin is maxed out at current levels in terms of price or market cap, show them this picture and bust these facts out for them.

We are not talking about the price of a speculative asset. We are talking about possibly an entire paradigm shift. 

I wonder where steem might fit on this scale... ;)

Stay informed my friends!

Sources:

http://www.marketwatch.com/story/how-big-is-bitcoin-really-this-chart-puts-it-all-in-perspective-2017-06-21

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