Crypto is growing and being a part of this space we can see the growth almost every day. Last year at the same it was around 1 trillion and there is 200$% growth in the global crypto market cap. If we look at the bitcoin or ethereum price then we can see the great price appreciation in the last 1 year but this is not the end and in fact, this is just the beginning. We know the reason behind this growth is not hype instead its adoption that is happening nicely and its at the early stage. I always say that crypto is a revolution and slowly and steadily more people are coming to crypto.
Some people book the profit and they are happy that they made good money out of it but I think they will regret it after a couple of years. I am not against profit booking and its really important to take a certain percentage of profit but those who think its a great price as of now then for sure will feel back when bitcoin will be crossing 100 or 200K in the next few years and even ethereum will cross 10k price mark. Looking at the current adoption and growth its $100k bitcoin is likely to happen in 2022 and in the same way ethereum @10k is also expected in 2022.
The overall market capitalization of cryptocurrencies topped 3 trillion for the first time. However, it should be noted that these digital coins are notoriously volatile, as they achieve peak levels, only to slide by several thousand dollars.
A three trillion USD market cap is not a small thing and its a great achievement. IF we look at the global asset index as per market cap then Bitcoin is just after silver whereas Tesla and Facebook are after bitcoin. Bitcoin is bigger than Tesla or Facebook and we can see it reaching high in coming years. Even ethereum is at 15th rank and its growing so in 2022 we can see it in the top 10.
It took 15 years for Facebook to reach this level where bitcoin is 10 years old and the last 5 years have been a game-changer that means the growth ratio of bitcoin is way higher than Facebook. This is happening when not even 5% of the world population is in crypto as some countries like China are not supporting crypto as of now but maybe they join the train once again.
Although we can't expect 100% world population to be in crypto whoever just imagine if 25% of the world adopt crypto and this 3 trillion market cap will become a double-digit number and it would be difficult to predict the global crypto market cap as of now. So over the future is exciting with Crypto and we are early joiners to get more benefits.
Thank you so much
Stay Safe
Posted Using LeoFinance Beta
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
I am glad I am an early adopter too.
I see the competition between silver,Bitcoin, Facebook, and Tesla. Bitcoin is outperforming these companies and it is on its way to outperform silver too.
Yes, if 25% of the world's population adopts crypto, we are in for a massive turn around in terms of double digits.
We are getting there. Soon, we will get there.
This is great milestone and I believe the sky is not the limit, crypto will grow even more in couple of years
Posted Using LeoFinance Beta