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Bitcoin is on course to hit a $1 trillion dollar market cap in its current cycle, and next time will beat gold, Willy Woo has said.
Cryptocurrencies in general cannot be predicted, even if it is, there is a slight chance that the predictions might not really turn out the way it should. A well-known Bitcoin blockchain analyst, Will Woo aired out his predictions for the cryptocurrency in the near future.
Will Woo who has been a dedicated Bitcoin trader since inception predicted that in 2025, Bitcoin market cap will increase to approximately $1 trillion dollars. Woo made this predictions due to the fast adoption of Bitcoin.
At the time of writing this, Bitcoin market cap is estimated to be $195 million, approximately 62.1% of the total cryptocurrencies.
When Willy Woo was invited on an episode of the coinist on July 4th, he summarized:
I think this cycle will get us past the trillion dollar cycle, and then the next cycle will be the one that takes us to breaking the gold market cap
Judging from the Woo's speech, he made that statement based on the current fluctuations of Bitcoin as it hovered around $10-11.
All in all, Bitcoin will continue to see reproach and condemnation from rivals such as gold, and other stocks.
Below is a video of Woo elaborating his predictions for Bitcoin.
Disclaimer:
This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.
Reference:
Bitcoinist.com