Willy Woo, a recognized Bitcoin analyst, considers that Bitcoin (BTC) could reach $1 trillion market capitalization by 2025. Mr. Woo predicted back in 2013
Willy Woo, a recognized Bitcoin analyst, considers that Bitcoin (BTC) could reach $1 trillion market capitalization by 2025. Mr. Woo predicted back in 2013 that this was expected to happen and now he stands by this prediction. Bitcoin has surged to $20,000 in 2017 and since then it has been operating under that value. He said that during an episode of the Coinist Podcast published on July 4.
Bitcoin Could Reach $1 Trillion Market Cap
During this conversation, Woo talked about Bitcoin’s price and how he expects it will perform in the future. He does not only think that the most popular digital asset will surpass the $1 trillion mark but it will also be breaking the gold market cap as well.
On the matter, Woo stated:
“I think this cycle will get us past the trillion dollar cycle, and then the next cycle will be the one that takes us to breaking the gold market cap.”
In order for Bitcoin to surpass gold’s market capitalization, it would have to reach a valuation of $7 trillion, which is not an easy task to do. Indeed, Bitcoin has a market cap of around $200 billion at the time of writing this article, which means that it would have to grow 3,400%. Although this is not impossible, it may take a few years to happen.
Source/More: Bitcoin Could Hit $1 Trillion Market Capitalization By 2025 Says Willy Woo | UseTheBitcoin