Bitcoin Market Cap Could Reach $22 Trillion in Two Decades

Mike Novogratz, CEO of Galaxy Digital, predicts Bitcoin's market capitalization could reach $22 trillion in the next two decades, potentially surpassing gold. This forecast is influenced by a significant wealth transfer, with millennials set to inherit $90 trillion over 20 years, favoring riskier investments like cryptocurrencies.

Key points include:

Bitcoin reached an all-time high of around $109,000 recently, driven by favorable political conditions.
A subsequent correction saw Bitcoin drop to $75,000, a decrease of 25% from its peak.
Current Bitcoin prices are above $100,000, with predictions it may hit $250,000 by the end of 2025 due to rising demand and diminishing supply.
Annual supply shrinkage of Bitcoin is approximately 2.33%, leading to potential deflationary pressure in the market.

Novogratz emphasizes that the recent price correction was necessary for future growth. Analysts suggest a new bull run for Bitcoin may be imminent, reflecting strong market absorption of mined Bitcoin.

For further details on Bitcoin’s trajectory, see Bitcoin.