Alright so this one really blew me away. If you take a look at a monthly log chart of the total market cap of the crypto market, clone the lower prime trend line, and add in a cycle from peak to peak of the previous two cycles, we are looking at anywhere from 10-15 trillion dollar market cap in the crypto market within the next 6-12 months.
Do I think that is crazy? No I don't. If cryptos re-shape the financial system like they already are, that figure is actually not ridiculous. Why are governments, including the federal reserve, researching and implementing digital currencies. There are a lot of obvious benefits for governments to adopt cryptocurrencies and it is just a matter of time before they are the new norm (they basically are already becoming the new norm).
Do I think that is crazy? No I don't. If cryptos re-shape the financial system like they already are, that figure is actually not ridiculous. Why are governments, including the federal reserve, researching and implementing digital currencies. There are a lot of obvious benefits for governments to adopt cryptocurrencies and it is just a matter of time before they are the new norm (they basically are already becoming the new norm).