Bitcoin is gold and hence, it will soon disrupt gold, Tyler told CNBC in a recent interview. For this to happen, Bitcoin needs to have a market cap of $9 trillion and its price should hit. Market capitalization (often shortened to market cap) is the approximate total value of a cryptocurrency, typically shown in US dollars. The market cap of a cryptocurrency is calculated by multiplying the number of coins or tokens in existence by its current price. At that assumption, Bitcoin would have increased 40 times and surpassed gold’s market capitalization of $9 trillion, Cointelegraph reported. Bitcoin’s current market cap is $ billion, trailing.
Bitcoin value in marketBitcoin Price Prediction: $, Value With $9 Trillion Market Cap Possible, Winklevoss Twins Say
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Views Read Edit View history. The twins are in favor of further regulation in the cryptocurrency industry, in contrast to the libertarian ideals of early Bitcoin advocates.
At the Fintech Festival, Tyler asserted that the cryptocurrency industry can only grow in collaboration with banks. Still, the twins warned that overregulation is not good for the industry because it can stifle innovation. Finally, when asked to provide advice, the twins advocated for people to educate themselves about Bitcoin and cryptocurrency.
The twins plan to expand Gemini Exchange to emerging markets. The fair value of bitcoin all comes down to that: it has value because people think it has value! What does that mean? Expected value is literally the anticipated value attributed to an investment in the future--in this case, bitcoin--because they believe the underlying technology has the potential to be revolutionary.
In addition, the fair value of bitcoin can be calculated using the principles of demand and supply of bitcoin available on the blockchain. If there is a high demand that outpaces the number of new bitcoins that are mined, this pushes up the fair price for bitcoin. One expert also outlines three theories regarding how to derive the fair market value of bitcoin, based on:. The value of bitcoin is always changing, based on the demand for the cryptocurrency as well as the public perception of how much the coin itself is worth.
Investing in cryptocurrency is one of the most volatile investments, meaning, any potential investors must do their due diligence. However, for a chance to make a huge profit or simply be part of the fun , knowing how to appraise the coin's fair market value will be key. Since each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions.
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