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<strong>Bitcoin is on course to hit a $1 trillion dollar market cap in its current cycle, and next time will beat gold, Willy Woo has said.
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<h2 style="text-align: center;">Woo Stands By 2013 <a href="https://www.cryptoknowmics.com/crypto/bitcoin-price-holding-strong-whats-next-btc-prediction-eos-etrade-crypto-news/">BTC Prediction</a></h2>
<span style="font-weight: 400;">Speaking on an episode of the Coinist Podcast on July 4, Woo, who is a well-known analyst of the Bitcoin blockchain with several dedicated resources, stuck by his predictions for the cryptocurrency’s near-term future. </span>

<span style="font-weight: 400;">In 2013, Woo predicted Bitcoin’s market cap would hit the trillion dollar mark by 2025. Since then, the price has fallen as low as $200 and climbed as high as $20,000. </span>

<span style="font-weight: 400;">At press time Friday, Bitcoin’s market cap was $195 million, or 62.1% of the cryptocurrency total.</span>

<span style="font-weight: 400;">He summarized,</span>
<blockquote><span style="font-weight: 400;">I think this cycle will get us past the trillion dollar cycle, and then the next cycle will be the one that takes us to breaking the gold market cap, </span></blockquote>
<iframe title="The 10,000 Year View of Bitcoin with Willy Woo" src="https://www.youtube.com/embed/wSnTodnFOwY?feature=oembed" width="500" height="281" frameborder="0" allowfullscreen="allowfullscreen"></iframe>

<span style="font-weight: 400;">Woo was speaking as BTC/USD hovered around $11,700 before a slight downturn took markets back below $10,800. Despite its successful year, Bitcoin continues to see criticism from proponents of assets such as gold, who argue its utility will never match the precious metal. </span>

<span style="font-weight: 400;">Peter Schiff, the veteran gold bug with a particular distaste for Bitcoin, even <a href="https://bitcoinist.com/bitcoin-peter-schiff-govt-shut-down-gold/" target="_blank" rel="noopener noreferrer">predicted</a> its downfall would come as a result of government shutdowns. </span>

<span style="font-weight: 400;">Schiff is currently the subject of a <a href="https://twitter.com/APompliano/status/1146940267410288641" target="_blank" rel="noopener noreferrer">lobbying effort</a> from Bitcoin users, who have sent him $1500 in donations in an attempt to change his mind. </span>
<h2 style="text-align: center;">Bitcoin Is Internet’s ‘First Native Digital Currency’</h2>
<span style="font-weight: 400;">For Woo, however, gold merely forms one hurdle in a much longer timeline for Bitcoin’s development. For him, BTC represents the world’s first “internet-native digital currency.”</span>

<span style="font-weight: 400;">“Bankers say it’s a bubble, technologists call it a disruption; students of history would call it the dawn of the digital age,” he concluded. </span>

<span style="font-weight: 400;">Woo is far from alone in his positivity. By 2023, others see Bitcoin rising to as high as $1 million, including the infamous prediction coming from John McAfee who has promised to eat his male appendage if he turns out to be wrong. </span>

<span style="font-weight: 400;">Meanwhile, short-term projections, specifically the Mayer Multiple, see the next few months being cooler for BTC/USD. As <em>Bitcoinist</em> <a href="https://bitcoinist.com/bitcoin-price-fomo-will-start-above-20k-new-research-suggests/" target="_blank" rel="noopener noreferrer">reported</a>, the metric suggested last month that in September, Bitcoin would cost around $15,000, but that this would be “overvalued.”</span>

<span style="font-weight: 400;">By the end of the year, however, this would change to $21,000 – higher than ever before – which would nonetheless represent a “fair value.”</span>

<span style="font-weight: 400;">Another source last week claimed real public interest in Bitcoin would kick in only when such levels appeared.</span>

<strong>What do you think about Willy Woo’s predictions? Let us know in the comments below!</strong>

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<em>Images via Shutterstock, Video via Youtube @VentureCoinistPodcast</em>

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<a href="https://bitcoinist.com/bitcoin-will-hit-1t-market-cap-by-2025-willy-woo-reaffirms/" target="_blank" rel="noopener">Go to Source</a>
Author: Anja van Oosterhout

Bitcoin ‘Will Hit $1 Trillion Market Cap’ By 2025, Willy Woo Reaffirms

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Bitcoin ‘Will Hit $1 Trillion Market Cap’ By 2025, Willy Woo Reaffirms

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