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21507853 No.21507853 [Reply] [Original]

So Ive been trying to find information where anons mentioned the feds stating that the cryptocurrency market is supposed to increase dramatically, some anons said 3 trillion evaluation and others said it was 1 trillion

does anyone have link to this quote from the Feds? or can anyone explain how they feel BTC is gonna moon or the market itself is gonna increase 3x for the 1T? or how long out is this change in market value?

>> No.21507897

feds said crypto market cap was going to be 20T that was from 2017

>> No.21507943
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21507943

>>21507897
>20Trillion
well thats kinda hard to believe right

>> No.21508696

>>21507897
also where was the report from that the fed stated that?

>> No.21508754

>>21507943
>it's kinda hard to believe that once these projects are actually working at scale they will go up in value
smart, anon

>> No.21508923

>>21508754
again im here asking a question in regards to where the original federal reserve quote comes from to read it in its context

and yeah even then its hard to believe itd be twice the evaluation of the S&P 500 but if your coming here with honest belief that it will happen in a decade by all means id like to here how you think the road map to that evaluation can come about

>> No.21509144

Good question. I also would like the answer. Currently without new money coming into the space I don't see the market cap ovee 1.5trillion at the peak of the bull market.

>> No.21509332

>>21508923
If you're fixated on market cap as "number too big" you're not going to make it. The calculation you need to do is:
Number of businesses disrupted by smart contracts - value of that disruption - number of disrupted businesses whose solution will use Chainlink - number of Chainlink tokens that will actually be available for sale once staking is up and running.
Then factor in that Sergey predicts that blockchains will transact more daily value than the current internet, that Novogratz and others have said MC will be 20T:
>https://bitsonline.com/novogratz-says-crypto-will-hit-20-trillion-what-would-that-look-like/

$20T is a matter of when, not if. Chainlink will have more than 10% dominance at that point as well.

>> No.21509400

>>21507853
all i remember is some dumb fucking senators spitballing said 3 trillion. That nigga was clearly into some BTC though.

>> No.21509825

>>21509332
The thing about chainlink though is it's a business usecase only. Somehow Chainlink has been shilled as "anyone can start a node and get paid to stake" but in reality anyone who's actually tried to use this shit knows this is complete bullshit and there will be like 100-200 nodes actually making money on the network. Also even with all these new partnerships no actual node is being paid by a third party, it's all coming out of the 1/3 of tokens to be used to bootstrap the network.

>> No.21509866

>>21509825
>it's a business usecase only.
and this is fud to you...

>> No.21510465

>>21509332
thanks for the link anon and I appreciate the take as well