Crypto Market To 50 Trillion?
Keep in mind that this chart does not include market cap of Bitcoin
Is it possible for the Crypto market cap to reach 50 trillion in the future? I think so with adoption worldwide matching internet growth in the 2000s.
ibb.co/m8Rztfm
twitter.com/woonomic/status/1356310219215699968?s=20
"In terms of adoption, Bitcoin has roughly the same users as the Internet had in 1997.
But Bitcoin's growing faster. Next 4 years on the current path will bring Bitcoin users to 1b people, that's the equivalent of 2005 for the Internet."
Using Fibonacci when we can speculate a time when that could be possible ,let's start with the Fibonacci Time Zones .
Fibonacci Time Zone Dates
0-----09 November 2015
1-----08 January 2018
2-----09 March 2020
3-----09 May 2022
5-----07 September 2026
0-----08 January 2018
1-----09 March 2020
2-----09 May 2022
3-----08 July 2024
5-----06 November 2028
Fib retracements
1.618 fib comes in at 10 Trillion by May 2022 I arrive at this market cap and time based on the Resistance line coming in from the base bottom of crypto market , which I call these lines Genesis lines because they play very important part on price on the Macroscale and they always start from the beginning , Bitcoin has one to I will include the TA below which goes over this. ibb.co/HTSKWS9
So if price does correct 90% at 10 trillion market cap line last bull run that would put the next bottom at 0.786 Fib which is 780 Billion market cap , basically the prices we are right now.
As I have gone over my last TAs, a Cycle Peak from January 2022- May 2022 is where I see us putting in a Marco top for years.
Is it possible for the Crypto market cap to reach 50 trillion in the future? I think so with adoption worldwide matching internet growth in the 2000s.
ibb.co/m8Rztfm
twitter.com/woonomic/status/1356310219215699968?s=20
"In terms of adoption, Bitcoin has roughly the same users as the Internet had in 1997.
But Bitcoin's growing faster. Next 4 years on the current path will bring Bitcoin users to 1b people, that's the equivalent of 2005 for the Internet."
Using Fibonacci when we can speculate a time when that could be possible ,let's start with the Fibonacci Time Zones .
Fibonacci Time Zone Dates
0-----09 November 2015
1-----08 January 2018
2-----09 March 2020
3-----09 May 2022
5-----07 September 2026
0-----08 January 2018
1-----09 March 2020
2-----09 May 2022
3-----08 July 2024
5-----06 November 2028
Fib retracements
1.618 fib comes in at 10 Trillion by May 2022 I arrive at this market cap and time based on the Resistance line coming in from the base bottom of crypto market , which I call these lines Genesis lines because they play very important part on price on the Macroscale and they always start from the beginning , Bitcoin has one to I will include the TA below which goes over this. ibb.co/HTSKWS9
So if price does correct 90% at 10 trillion market cap line last bull run that would put the next bottom at 0.786 Fib which is 780 Billion market cap , basically the prices we are right now.
As I have gone over my last TAs, a Cycle Peak from January 2022- May 2022 is where I see us putting in a Marco top for years.
t.me/+8CRZJqXrjwU4ODA0 re-launched telegram group , it is free , just place to chillout talk about crypto bull market , will be posting trades live randomly
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.