Bitcoin [BTC] could reach a market cap of $1 trillion if volatility of May 2015 – Dec 2017 follows, claims Chris Burniske

Bitcoin [BTC] is the most dominant virtual asset in the cryptoverse, usually dictating the collective surge of the entire market. At time, the market capitalization recorded by Bitcoin [BTC] was $143 billion.

However, Chris Burniske, Founder of Venture Capital, believes that Bitcoin [BTC] is on its way to achieve $1 trillion market cap before 2021.

In an interview with Ran NeuNer of CNBC trader, Burniske stated that the scenario of reaching a $1 trillion dollar valuation was just one “potential reality” the wider cryptocurrency community could witness.

The $1 trillion expectation was assumed after taking ’s [BTC] network value at time, until the end of 2021. If the path followed by Bitcoin [BTC] was half as volatile as it was from 2015 to the end of 2017, then Bitcoin [BTC] would cross a trillion dollars.

Chris also indicated that if Bitcoin [BTC] were able to hold its current market dominance, it might even be able to cross a $2 trillion dollar evaluation by the end of 2021.

He said,

“The Bitcoin [BTC] dominance index had been falling over time not because hasn’t been growing but just because of the higher risk, the more speculative assets grow faster in bull markets.”

Additionally, he said that in terms of adoption, continued to be utilized as blocks were as full as they ever have been.

Finally, Burniske stated that the long term future of -assets was positive since the technology was “superior” to every other medium which was creating custody and transaction of digital assets.

The post Bitcoin [BTC] could reach a market cap of $1 trillion if volatility of May 2015 – Dec 2017 follows, claims Chris Burniske appeared first on AMBCrypto.

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