on the crypto
At the time of publication, Bitcoin recorded a value of $ 49.548, below its all-time high set a few days ago at $ 64. Despite this not-so-happy time for digital currency, many still express their bullish impressions on the future of Bitcoin.
The general consensus among industry players, supported by many fundamental metrics, is that Bitcoin will close the year at at least $ 100.000, with the possibility that the asset could double or even triple that price.
However, Bitcoin at $ 200.000 is still reasonably possible by market standards, as it would mean, among other things, that Bitcoin is actually maturing into a global asset. However, there is a lot more that could happen in the market if this price prediction were to coincide with reality.
At $ 200.000, the global number of Bitcoin billionaires will rise to 50%
At $ 200.000, half of the world's billionaires will become Bitcoin billionaires. Coinbase boss Brian Armstrong, who also made the Forbes list as one of the richest founders of Crypto with a net worth of over $ 12 billion, pointed out.
If Armstrong's claim becomes reality, over half of the world's millionaires who become Bitcoin billionaires and existing cryptocurrency billionaires, such as the likes of Chris Larsen, Jed McCaleb and Sam Bankman-Fried, all of whom have superior net worth at $ 3 billion, they could triple that value.
Satoshi Nakamoto would officially become the richest person in the world
At $ 200.000, Jeff Bezos may have to sit in the back seat of the world's richest men's car. In fact, at that point, anonymous Bitcoin founder Satoshi Nakamoto could easily steal his front row seat to become the richest person on the planet.
According to analysts' calculation, Nakamoto mined more than 1 million Bitcoins between January and July of 2009. This would mean that Nakamoto would have around $ 50 billion at the moment. But a Bitcoin that shatters $ 200.000 would take Nakamoto's net worth well above $ 199 billion. An impressive figure!
At $ 200.000, Bitcoin will become the most valued asset by market capitalization
Can Bitcoin beat Saudi Aramco, Apple, Microsoft and Amazon, and become the most valued asset by market capitalization? Most likely yes.
Bitcoin was the fastest asset to reach a market valuation of over $ 1 trillion in just 12 years. The digital asset could easily break its own record and become the first asset to reach around $ 4 trillion when prices hit $ 200.000.
And you have already started buy Bitcoins, or are you still waiting for a signal from the other (which may never come)? An advice? As the asset has fallen in the past few days, this is the best time to invest and accumulate BTC for a long-term view.
