How Bitcoin Will Hit $1M By 2030

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Jeff Brown The Near Future Report

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This is how Bitcoin will reach $1 million by 2030.

THE MATH:
First, we need to discuss the math behind Bitcoin’s price movement. Because the logic of a bitcoin worth a million dollars is flawed when you look at market caps as I did. This is what market caps are. Market caps are the total supply of a coin multiplied with the current price. Although market caps should tell us how much money is in an asset, they don’t tell us this and it can be confusing.

Bitcoin, for example, has a 800 billion-dollar market cap. However, this does not necessarily mean that 800 trillion dollars is actually within Bitcoin.

WHAT’S ACTUALLY A MARKET CAP:
All a market cap is – is the estimate of how much value there is if you were to take a Bitcoin at $42,700 and sell all 19 million of them at that price, then it would imply – 800 billion but that is impossible because you can’t sell everything at one price – without drastically affecting it’s price on the way down. The real value of Bitcoin is not its market cap or price.

Here are 8 CATALYSTS WHO COULD MAKE A MILLION DOLLAR IN BITCOIN POSSIBLE.
Check out the video!

This is not intended to be used as investment advice. It’s meant for entertainment purposes only. The links above may contain affiliate commissions or referrals. I am part of an affiliate network. I receive compensation through partnering websites. Although the video was accurate at the time of posting, it may not be correct in the future.