An unlikely suspect could raise Bitcoin's market capitalization to more than $ 1 trillion


Although the cryptography markets are currently trapped in parallel trading, many analysts and investors are keeping a close eye on some newly-formed technical levels to get a sense of where Bitcoin (BTC) will go.

However, in a long-term perspective, recent market price gains will (hopefully) be a drop in the bucket, and a prominent venture capital investor thinks that bitcoin alone will be worth $ 1 trillion when of the next bull race.

VC: Bitcoin's race is expected to bring the BTC market to a billion dollars

At the time of writing, Bitcoin's market capitalization was approximately $ 93.4 billion, or 52.8% of the total market capitalization of cryptography.

At the peak of the uptrend at the end of 2017, BTC's market capitalization peaked at $ 327 billion, nearly one-third of the coveted $ 1 trillion level that would be a monumental milestone for the cryptocurrency, if ever it should be reached.

Chris Burniske, a venture capitalist and partner at Placeholder VC, spoke of the likelihood that BTC's market capitalization would reach $ 1 trillion in a recent tweet, explaining that he felt this was a real possibility.

"Looking at the top 10 crypto-assets at the end of each year, I think #bitcoin (blue) will reach $ 1 trillion alone in the next bull market," he said.

If that happened in the next uptrend, Bitcoin's price should rise to more than $ 50,000 by BTC – a possibility that many analysts consider highly likely.

Could pensioners be the unlikely group pushing BTC's market capitalization to more than $ 1 trillion?

Although most investors and analysts are turning to institutional and corporate investors as groups that can push cryptography markets to stratospheric prices, US retirees could be an unlikely suspect that could have a significant impact on marketers. markets.

A recent survey found that nearly 90% of retirees over the age of 50 in the United States did not know what Bitcoin was or were not interested in learning more about fledgling technology.

This lack of interest on the part of a group controlling a significant portion of US wealth is probably due to the technological complexity that surrounds both the technology itself and the methodological requirements necessary for its acquisition.

Despite this, the advent of regulated and easy-to-use cryptographic exchanges, coupled with the growing involvement of US regulators in the industry, could lead more retirees to devote some of their wealth to cryptographic markets, which is could serve as fuel. for the next parabolic price rise in the cryptography market.

Featured image of Shutterstock.

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