RATE Group | Bitcoin Economy Will Hit $8,000,000,000,000 in the Next Decade, Predicts Wealth Manager …
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Bitcoin Economy Will Hit $8,000,000,000,000 in the Next Decade, Predicts Wealth Manager …

31 Jan Bitcoin Economy Will Hit $8,000,000,000,000 in the Next Decade, Predicts Wealth Manager …

Posted at 23:14h in Cryptocurrency News by

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One of the first wealth managers to recognize Bitcoin’s potential says he believes the top cryptocurrency will likely reach an $8 trillion market cap.

In a new interview on the Citizen Bitcoin podcast, Andy Edstrom of the California-based investment advisory firm WESCAP Group says a long list of factors may boost Bitcoin (BTC) over the next 10 years. These factors include a fear of missing out on the part of speculators, geopolitical events, the devaluation of fiat currency and catalysts from banks and central governments that create a tipping point and a “speculative attack” on fiat.

“When I set the upside case from an investment point of view, I take a 10-year view. And I think the total valuation on 10 years that I use is about $8 trillion and that comes from various buckets, whether it’s taking share from gold, or taking share from fiat, or taking share from offshore assets, or slightly demonetizing other stores of value like real…

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