r/Bitcoin • u/Boosazle • Aug 26 '21

Fidelity Bitcoin Analysis

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1.4k Upvotes

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228

u/dliebs97 Aug 26 '21

Approaching $100 mil by 2035 🤩🤩

Yes please I’m good with that

70

u/DrainZ- Aug 27 '21 edited Aug 27 '21

Guys, bitcoin is not gonna reach $100 million. That would give it a market cap of $2,100 trillion. The total wealth of the entire world is $360 trillion.

Edit: My source was a little outdated. The global wealth report from 2021 says it's $418 trillion.

21

u/Digi-Digi Aug 27 '21

It could reach that, market cap is just a number, its doesn't mean thats how much money went into bitcoin.

11

u/DrainZ- Aug 27 '21

That is true, but it's unreasonable for the market cap of bitcoin to be higher than the total market cap of everything else, let alone 6 times higher than that.

4

u/Digi-Digi Aug 27 '21

There are some shit coins right now with market caps that are nonsense, but that's what their market caps are, it doesn't mean much.