{"id":411407,"date":"2020-01-18T04:00:13","date_gmt":"2020-01-18T04:00:13","guid":{"rendered":"https:\/\/wncen.com\/?p=411407"},"modified":"2024-06-11T13:40:41","modified_gmt":"2024-06-11T13:40:41","slug":"research-firm-3-use-cases-send-bitcoin-1-trillion","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/research-firm-3-use-cases-send-bitcoin-1-trillion\/","title":{"rendered":"Research Firm: 3 Use Cases Could Send Bitcoin To $1 Trillion"},"content":{"rendered":"

Few assets are worth $1 trillion. Even still, analysts and investors in Bitcoin<\/a> have long expected the market capitalization of the cryptocurrency to surmount the billions and enter the trillions.<\/p>\n

As crazy as this may sound, a prominent investment research firm, ARK Invest, in a recent report mentioned three somewhat feasible use cases that could push BTC’s\u00a0 market capitalization to $1 trillion \u2014 525% higher than the current value of $160 billion.<\/p>\n

Related Reading:\u00a0Watch Out, This New Bitcoin Scam Is All Over Youtube<\/a><\/h6>\n

How Bitcoin Could Hit $1 Trillion: ARK Invest<\/h2>\n

Prominent investment research firm ARK Invest recently shared<\/a> its “Big Ideas 2020” deck on Twitter, exploring ten technological trends and industries that are likely to become much bigger than they were this year than last year.<\/p>\n

One “Big Idea” the firm mentioned was Bitcoin, which the company has long been tracking as a feasible investment and potential option on the future financial system. In fact, ARK Invest was the company that got Elon Musk<\/a> to laud Bitcoin in a podcast.<\/p>\n

Anywho, in their deck, ARK Invest’s analysts gave three use cases for the cryptocurrency that could see BTC exceed a 13-digit market capitalization in a relatively short period of time.<\/p>\n

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  1. BTC as a new form of money:\u00a0<\/strong>The company wrote that the leading cryptocurrency could become a medium of exchange and a potential catalyst for currency demonetization. With the M2 (monetary measure) of money in countries outside of the top four economies amounting to $40 trillion, BTC securing 5% of that market could see it valued at over $1 trillion.<\/li>\n
  2. BTC as a digital store of value:\u00a0<\/strong>ARK Invest next added that Bitcoin could feasibly become a digital store of value, a digital gold if you may. It securing 15% of gold’s $9 trillion market cap could give BTC an aggregate value of $800 billion.<\/li>\n
  3. BTC as a non-seizable, offshore asset:\u00a0<\/strong>Lastly, the research boutique noted that Bitcoin could soon be seen as an asset that allows the wealthy to make sure their wealth is unseizable. With the purported aggregate net worth of HNWI purported to be above $40 trillion, BTC securing a small portion of this wealth could value it well into the trillions.<\/li>\n<\/ol>\n
    \n

    In a world with 10,000 crypto currencies, bitcoin simply..refuses..to die.<\/p>\n

    Maybe its unique combination of technical and 'belief' networks endows it with some durable value.<\/p>\n

    How much? We slice it three ways and a $1T is not off the mark. pic.twitter.com\/i99grrbWZn<\/a><\/p>\n

    — James Wang (in NYC) (@draecomino) January 16, 2020<\/a><\/p><\/blockquote>\n