Many are scratching their heads: "WTF? When will Bitcoin come crashing down?" The thing is, if individual and institutional investors decide, in the aggregate,

Many are scratching their heads: "WTF? When will Bitcoin come crashing down?" The thing is, if individual and institutional investors decide, in the aggregate, that Bitcoin is a new kind of asset in which they want to have a tiny amount of exposure, the price could still go up much higher. Investors worldwide currently own around $300 trillion in financial assets.[a] If as a group they decide to hold, say, 2% of their wealth in Bitcoin, say, to diversify away from all countries on earth, then Bitcoin's marketcap would go up 30x, from around $200 billion to $6 trillion. The number of bitcoins is fixed, so the price would go by a similar multiple. Note that before Bitcoin it was impossible to diversify away from all countries on earth. [a] http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/ http://money.visualcapitalist.com/worlds-money-markets-one-v...