a)
potential value of cryptocurrencies from store of value point of view ($ 1,3 trillion) +
potential value of cryptocurrencies from utility point of view ($ 3,1 trillion) = $ 4,4 trillion, if we consider only narrow money supply (the most conservative case).
Now, lets calculate
the potential value of cryptocurrencies as a storage of value: a).
The purpose of this article is to look into the future and speculate on
the potential value of cryptocurrency market once it matures, in other words, make a prediction of how big the demand for blockchain technology will be in, say, 5 - 10 years.
Not exact matches
While Bitcoin and other
cryptocurrencies have tremendous
potential value as a medium
of exchange, it is the underlying distributed ledger technology, blockchain, which has emerged to truly capture the interest
of entrepreneurs, venture capital firms, financial institutions and other corporations.
While Bitcoin and other
cryptocurrencies continue to hold tremendous
potential value as a medium
of exchange, it is the underlying distributed ledger technology, blockchain, which has emerged to truly capture the interest
of entrepreneurs, venture capitalists, financial institutions and other corporations.
There have been plenty
of cryptocurrencies over the years, and they have all exhibited
potential for storing
value, operating as a unit
of account and proving a reliable medium
of exchange.
This shows the tremendous
potential of cryptocurrencies as an investment which is likely to further increase in
value.
Also identified in the document are
potential use cases for
cryptocurrencies, such as a more portable, fungible, divisible store
of value; trading that can result in capital gains or loss; payments for goods and services; and an alternative route to circumvent high transaction fees to transfer money for domestic or international purposes.
When people realize the folly that is traditional currency, its intrinsic
value and rethink the very idea
of money, they will realize the
potential of cryptocurrencies, and more so stablecoins, and physical assets like gold and silver themselves.
Blockchain technology's immense
potential, while well - documented, continues to get lost in the hype surrounding the increasing
value of cryptocurrencies and the oft - astronomical raises...
Blockchain technology's immense
potential, while well - documented, continues to get lost in the hype surrounding the increasing
value of cryptocurrencies and the oft - astronomical raises
of initial coin offerings (ICOs).
As
cryptocurrencies have become more popular, they have been praised as a technological innovation with revolutionary
potential and derided as just another speculative bubble
of doubtful underlying
value.
To deal with
potential volatility in the
value of cryptocurrencies, operators will need to establish separate player - specified deposit -, wagering - and loss - limits than those that apply to fiat currencies.
The founder and CEO
of the North Carolina - based Morgan Creek Capital Management firm states that the
cryptocurrency has the
potential of gaining
value, thanks to its technical infrastructure and other factors that are already inclined in its favor.
«We are selling the Ztudium Blockimpact platform at a significant discount to what we believe is its true
value because we are extremely excited about the opportunity to apply our team and technology to the Glance Pay rewards
cryptocurrency,» says Dinis Guarda, «We feel strongly that there is a large
potential for this in the marketplace and we feel the combinations
of our teams, technologies, and marketing capabilities are unmatched in the
cryptocurrency space today,» added Guarda.
An informed
cryptocurrency investor doesn't necessarily need to understand every detail
of how a new technology works in order to see its
potential value.
As a result
of the naivety
of the numerous
potentials in
cryptocurrencies, it has been virtually impossible to control the price in the crypto market, which has led to the rise and fall
of the market
value of these currencies.
The skyrocketing
value of the
cryptocurrency market speaks to the enormous promise that blockchain projects hold — with the
potential to disrupt everything from banking to logistics to the very way you store information.
Moreover, Fundstrat has recommended that clients buy into Bitcoin's recent dip, citing the flagship
cryptocurrency's long - term fundamentals and
potential to replace gold as a store
of value among millennials and other younger investors that are far more comfortable with the concept
of digital assets than their elders.
Yet, the real factor for
cryptocurrency's long - term survival is not the current
value of Bitcoin, but the
potential for its mass adoption.
«The Bitcoin Cash community is a unique and powerful force in
cryptocurrency; adding our support to Bitcoin Cash and allowing our
potential token buyers and future lenders and borrowers to operate in BCH, only adds to our portfolio and strengthens the
value of MoneyToken as a product for all our users»
Cryptocurrencies, such as Bitcoin, skyrocketed in
value over the course
of the year, and many governments and businesses started to realize the
potential of the blockchain.
The sell - off from investors in the South Korean
cryptocurrency exchange market in fear
of a
potential cryptocurrency trading ban, which has now been debunked by the Ministry
of Strategy and Finance, caused the
cryptocurrency market to fall in
value.
«We expect that it will take some time, just like the trajectory
of Bitcoin, before you see smart contracts being utilized to their full
potential... If these
cryptocurrencies (bitcoin and ether — CoinFox) continue to grow in
value, you will see smart contract uses grow in tandem,» CoinJournal quotes Trevor Altpeter.