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Right now, the market cap is nearly $5 billion. An eventual market cap of $1 trillion or higher, however, is very realistic, if global banks pick it up as their
by fragsworth 13y ago
Right now, the market cap is nearly $5 billion. An eventual market cap of $1 trillion or higher, however, is very realistic, if global banks pick it up as their default method of exchanging wealth. It effectively replaces risky physical shipments of gold and cash, and solves the (also risky) reliance on corporate/government credit worthiness for digital transfers of ownership.
- Fomite 13y agoBanks don't exchange wealth with physical shipments of gold and cash. Large scale digital transfers of money is nothing new.
- fragsworth 13y agoNo, they do. Collateral for many debts require some percentage of physical (lower risk) assets as opposed to a contract holding that carries ove risk from a third party. Physical assets get moved around all the time.
- exit 13y agohow far away is this very realistic $1 trillion market cap? 2 decades, longer?