Tell me, will bitcoin be able to grow in price up to $ 1 million?
In the meantime, you answer, let's digress a little and remember Bitcoin hype in 2017 At that time, many began to compare Bitcoin with the dotcom hype.
And it is no coincidence - the same new project thatthere was no earlier, the same rapid growth and the same “terrible” fall, which caused disappointment among those investors who had the imprudence to enter bitcoin at the end of 2017.
But now let's share a little the negative information that we constantly hear about this and the real facts. For starters, it's worth saying that dot-coms have not gone anywhere.
Yes, of course, they brought a lot of noise and were one of the main news leads in their time. Only the lazy didn't discuss the dot-com bubble ... but was it a bubble?
Let's take a look at this graph
Here you see a picture so much likebitcoin. but somehow different ... Yes indeed we see here literally the twin brother of bitcoin - and this is exactly the dot-com bubble that has been talked about so much.
But this schedule is just a stop at a certain point. Want to see what dotcoms look like today?
This is the Nasdaq index. As you can see, dot-coms have already more than 2 times exceeded their price, which reached its maximum during the last “bubble” and the situation with the beginning of growth was very similar to the current situation with Bitcoin.
But there are a number of significant differences. First, the total cryptocurrency capitalization at its peak was significantly lower than the total capitalization of the dotcom index. Secondly, almost half of the total capitalization of all cryptocurrencies belonged to bitcoin.
How much bitcoin do you think is actually traded on all exchanges?
At the peak of bitcoin activity, a huge number of people began to actively trade on exchanges, at that moment the total volume of transactions with bitcoin was the maximum for all time.
Bitcoin price approached the 20t mark. dollars and the main owners of bitcoin became fabulously rich. But did they sell their bitcoins at that moment? Of course not.
At the end of December 2019, the total number of bitcoins stored on exchanges did not exceed 15% - about 2 million tokens, with a total number of about 18 million generated bitcoins.
The real owners of bitcoins were not interested in the price of BTC at the moment.
They expect more serious trading volumes, when more and more people start using it as their usual means of payment.
Does this mean that all these people will become fabulously rich in the future?
Of course not! Most of the bitcoins are owned by a very small circle of people. we will never be able to find out exactly how many bitcoins are with the main owners, but we see that the bulk of bitcoins are stored on 138 thousand addresses.
At the same time, only 105 addresses own bitcoins in the amount of more than 10,000 and they own about 30% of all bitcoins.
Let's take a look at one more graph - here you can see how many addresses holding more amounts around 100 bitcoins.
Will Bitcoin be able to achieve the same performance in the next 10-15 years?
I think definitely. All that is required for this is just to take away bitcoins from the last major owners at the time of the next “bubble” which I expect literally in the next 5 years, where the price tag of bitcoin can be overclocked to 200 thousand per BTC.
But then a pretty strong one will be waiting for us againremission and squeezing of tokens from the pockets of large owners. Many of you will be able to see the price tag of 1 million, but believe that many will only be owners of thousandths of BTC.
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