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How the Bitcoin Market Cap Explains a $1 Million Price Prediction
The Bitcoin market cap plays a key role in making sense of Bitcoin value predictions of $10,000, $100,000 and even $1 million.
As of today, the Bitcoin market cap is $3.2 billion. That's 14.22 million bitcoins times $225, the price of Bitcoin on Monday afternoon. That's not a lot of money for a technology that's expected to revolutionize the world of finance.
But the way Bitcoin is designed will force the Bitcoin market cap higher as time goes on...
The Bitcoin market cap plays a key role in making sense of Bitcoin value predictions of $10,000, $100,000 and even $1 million.
As of today, the Bitcoin market cap is $3.2 billion. That's 14.22 million bitcoins times $225, the price of Bitcoin on Monday afternoon. That's not a lot of money for a technology that's expected to revolutionize the world of finance.
But the way Bitcoin is designed will force the Bitcoin market cap higher as time goes on...