> That's $8.7B worth of market cap that bitcoin obsoletes.
That logic doesn't really follow. It takes over all those things even if its market cap is only $1 billion. Bitcoin's market cap not related to the industries it replaces.
If it takes over rare metals, though, as an investment, it might end up worth something close to the market cap of Gold.
That logic doesn't really follow. It takes over all those things even if its market cap is only $1 billion. Bitcoin's market cap not related to the industries it replaces.
If it takes over rare metals, though, as an investment, it might end up worth something close to the market cap of Gold.