As everyone gets used to crypto, big players and institutional investors are starting to adopt it. For example, just today the CAR launched its national cryptocurrency, and Timberlane launched an animated monkey music video called BAYC, following Snoop Dogg and Eminem.
Let's examine the potential of BTC and crypto in general. In the main picture you can compare the capitalization of different parts of the financial market. The largest capitalizations are in forex, futures, and funds. Then, with a big gap, the other components of the market go, including crypto, with a current capitalization of only about $700 billion. That is, the crypto can still get scammed)
Why isn't crypto being adopted faster? First of all, because there is no stability in it. No matter how much crypto-enthusiasts talk about Bitcoin as the new gold, in reality it is a very speculative asset and most bitcoins are in the hands of private investors. States are afraid of what they don't control, so they don't invest in crypto, but rush to issue their own digital stablecoins. - Except for El Salvador's, which everyone is laughing at (they've already bought BTC)
How much can a BTC be worth? Bitcoin is the face of the entire crypto market, as it grows and updates historic highs, it attracts new investors and more people learn about it. At the time of the bull run in 2021, at $69,000, BTC had a capitalization of just $1100 billion. To reach the desired mark of $100,000, BTC needs a capitalization of about $2100 billion at the current turnover of 21 million coins.
Even if that happens, the crypto market will still be incomparably small compared to other parts of the economy and the potential is truly great. We are the pioneers of this industry, and as we know, it is the first ones who make the most profit.
Under what conditions will the BTC break through the $100,000 mark? 1. Adaptation Cryptocurrency adaptation is when every third person will have a cryptocurrency wallet installed on their phone and will be able to use it to buy clothes or pay for groceries in the supermarket. 2. State stablecoins The launch of digital national currencies will force people to adapt to the new reality and use blockchain in their daily lives. Many people will have to learn what crypto is and how to use it. At the same time, trust towards crypto will increase. 3. Education in schools Just like now parents and teachers explain to children that every country has its own currency and that you can buy a piece of a company if you have money, in the future they will also have to explain that every country has its own stablecoin and you can buy a piece of some cool project on the blockchain.
Cryptocurrency - Blockchain - will absorb at least x10 liquidity from other markets, IT’S ONLY QUESTION OF TIME!
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