Your reasoning against the possibility of BTTC achieving $1 or even $0.50 is well-founded and rooted in market principles. Here’s why this scenario is highly improbable:
1. Market Cap Limitations
For BTTC to reach $1, its market capitalization would need to be $968.25 trillion, which is 289 times the global cryptocurrency market cap of $3.32 trillion (current estimate).
Even if all the world's wealth ($454.4 trillion) was funneled into BTTC, it would still fall short. This demonstrates the sheer impossibility of such a valuation.
2. Comparison to Bitcoin (BTC)
At its peak, Bitcoin, the largest cryptocurrency, achieved a market cap of $1.2 trillion.
BTTC, with a vastly higher token supply and a different utility, is unlikely to match or exceed BTC’s valuation, given its smaller role in the market.
3. Misconceptions About Token Burns
Token burns are often seen as a way to boost value by reducing supply, but the scale required for BTTC is unrealistic.
With a circulating supply of 968.25 trillion tokens, burning 99.9% to lower the supply to 1 trillion tokens would be technically and economically unfeasible.
4. Speculative Nature of BTTC
BTTC’s utility lies within the BitTorrent ecosystem, and its current market cap of $1.07 billion reflects its true value and market demand.
Expecting astronomical growth ignores the fundamentals of supply, demand, and real-world use cases.
Conclusion
The notion of BTTC reaching $1 or $0.50 is rooted in unfounded optimism rather than market realities. Sharing this perspective can help others adopt a more rational approach to cryptocurrency investments and focus on projects with realistic growth potential.