Venture capitalist Tim Draper has been very visible the past few years saying that bitcoin will hit $250,000 by the end of 2022 or early 2023. Trip Chowdhry at Global Equities Research doesn’t have the following that Draper has but his $4 million price target is certainly more bullish than Draper’s.
Bitcoin technology is configured so that there will only be 21 million bitcoins created. Currently there are approximately 18.8 million in circulation priced at around $41,500. This makes the market cap of all bitcoins right around $780 billion.
To put this in a bit of perspective, Apple
If bitcoin reaches Chowdhry’s $4 million target and all bitcoins are created, that would make the cryptocurrency’s market cap $84 trillion. Even Draper’s target of $250,000 would make them