Although the cryptic markets are currently affected by a sideways trade, many analysts and investors are closely watching some newly created technical levels of insight into where Bitcoin (BTC) is heading next.
the futures lens, but the latest price windows that markets have incurred will (hopefully) be a drop in bucket, and a prominent venture capitalist now believes that Bitcoin alone will be worth $ 1 trillion over the next round.
VC: Bitcoin Bull Run is likely to bring BTC's market capital up to $ 1 trillion
Bitcoin's market capitalization is about $ 93.4 billion, while it accounts for 52.8% of the total capital market in the overall market.
At the height of the end of the 201
Chris Burniske, a venture capitalist and partner at Placeholder VC, talked about the likelihood that BTC's market cap will beat $ 1 trillion in a recent tweet, explaining that he thinks it's a real opportunity.
"Watching Top 10 crypto cartridges at the end of each year makes me believe that #bitcoin (blue) gets to $ 1 trillion alone in the next bull market," he noted.
– Chris Burniske (@cburniske) April 20, 2019
If this were to happen during the next round, Bitcoin's price had to increase to over $ 50,000 per BTC – a possibility that many analysts believe is very likely.
Could retirees be the unlikely group that creates BTC's market capital to over $ 1 trillion?
Although most investors and analysts look to institutional and corporate investors As the groups that have the ability to push the crypto market to stratospheric rates, US retirees may have an unlikely suspicion that could have a major impact on the markets.
A recent survey found that nearly 90% of retirees over the age of 50 in the US do not know what Bitcoin is or are not interested in learning about the emerging technology.
This lack of interest among a group that manages a significant amount of American wealth likely to stem from the technological complexity surrounding both the technology itself and methodological requirements to acquire it.
Despite this, the advent of regulated and easy-to-use crypto swappers in combination with increasing industry involvement by US regulatory authorities can lead to more retirees leading some of their assets to the crypto markets, which can serve as fuel for crypto market's next parabolic price rise.
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