The world of cryptocurrency is full of infinite imagination, but when we talk about whether $BTTC can reach $1 (or even $0.5) by 2025 or 2030, Jin Xin suggests that we should first return to reality and let the data speak.
1️⃣ Market Cap Consideration: The Gap Between Reality and Dreams
For $BTTC to sit on the throne of $1, its market cap would need to astonishingly leap to $968.25 trillion! 😮
In contrast:
The market capitalization of Bitcoin ($BTC) is approximately $1.2 trillion. The total market capitalization of the entire cryptocurrency market is only about $3.32 trillion. Currently, the market capitalization of $BTTC is only $1.07 billion.
🚩 This means that for $BTTC to reach $1, its market cap would need to be nearly 300 times the current total market cap of cryptocurrencies - this is almost an impossible task.
2️⃣ Global Wealth Perspective: The Collision of Dreams and Reality
According to the 2023 UBS Global Wealth Report, the total global wealth is about $454.4 trillion.
If $BTTC really reaches $1, its market cap would amount to more than twice the global wealth! 🌏
Such numbers inevitably lead to deep doubts about the realization of dreams.
3️⃣ Extreme Assumptions: Burning Most of the Supply
Some may wonder, would the situation be different if 99.9% of the supply were burned?
Indeed, the circulating supply would sharply decrease from 968.25 trillion tokens to 1 trillion. But even so, to reach $1, its market cap would still need to reach $1 trillion.
🚨 This remains a huge challenge - after all, Bitcoin's market cap is only $1.2 trillion.
💡 Key Insights
While memecoins and low market cap tokens can occasionally bring surprises, expecting them to reach highs of $1 or $0.5 is more often an unrealistic fantasy. The success of cryptocurrency is built on in-depth research, reasonable expectations, and wise strategies, rather than airy fantasies.
✨ Smarter Trading Advice
Focus on Fundamentals: Pay close attention to projects with strong fundamentals and realistic growth potential. Evaluate Token Economics: Before investing, ensure a comprehensive evaluation of the token's issuance, circulation, application scenarios, etc. Avoid Blindly Following Trends: Don't be misled by market hype, but rather make investment decisions based on data and in-depth insights.
With Binance - your intelligent trading partner, embark on a smarter trading journey together and maintain a leading position in the market!