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For Bitcoin to hit $1M next year we’d need another approx 18 trillion added to market cap. Is that correct ? Seems highly unlikely if so.

cuban 1y ago

I think you're right for total market cap. However there's a multiplier effect, if things get bullish and people don't sell then my guess is 5 trillion in buying would probably be enough to get the market cap up there

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Discussion

BitcoinSandy 1y ago

Still a massive amount. Be interesting to see what plays out 🤙

cuban 1y ago

yeah, unlikely imo, but bitty does what it wants

Zaikaboy 1y ago

I hear a lot of the so called multiplier effect but just like special effects, it isn't real