Just read Tim Draper Predicts Total Crypto Market Cap of $80 Trillion in Next 15 Years

Tim Draper Predicts Total Crypto Market Cap of $80 Trillion in Next 15 Years

Venture capital investor Tim Draper has predicted that total cryptocurrency market capitalization will hit $80 trillion in the next 15 years, news outlet DealStreetAsia reported September 14. Speaking at the DealStreetAsia PE-VC Summit 2018 in Singapore, Draper argued that the significant slide in the cryptocurrency market in recent months is attributed to people who have not adopted digital currencies as a new asset class. The “staggering” amount of money followed a successful year in 2017, in which the market experienced 22 percent returns. Kelly asserted that while he used to see crypto as comparable to the Internet in 1995, he now understands that a better comparison is further back. He added:“I think this technology is going to work, it’s going to be game changing, but it’s very early days, so we can have this massive volatility.”At press time, total crypto market capitalization is around $202 billion, according to CoinMarketCap.

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Wednesday, September 19, 2018