Bitcoin 3-Year $ Path Towards $1Million/ $21 Trillion Market Cap

2017년 10월 14일

Using a variation (unorthodox approach) to traditional trend line drawing, I was looking for hidden trendlines and trajectories that could come into play for bitcoin versus the US Dollar (BTCUSD) on a logarithmic chart over the longer term. From single digits prices in 2012, bitcoin historical price trajectories extend now into the future towards 1M by 2022. With 21 million bitcoin potentially in existence by then, the market cap of bitcoin could reach $21 trillion or over four times the $5.1 trillion in average daily foreign exchange (forex) market volumes using April 2016 FX volume data from BIS.org.