Famed cypherpunk Adam Back recently expressed that the market cap of Bitcoin should be around $200 trillion, a belief that raises eyebrows.
Bitcoin Market and Its Potential
Adam Back posits that Bitcoin’s market cap could eventually reach $200 trillion. This claim is intriguing given that the S&P 500's total market cap is only $40 trillion, while the global GDP is approximately $105 trillion.
Adam Back's Commitment to Bitcoin
Since 2013, Adam Back has consistently supported Bitcoin. He first learned about Bitcoin from Satoshi Nakamoto through email in August 2008, but did not take immediate action.
Comparison with Other Assets
In light of Back's predictions, it’s noteworthy that gold’s market cap is roughly $13 trillion, while the global real estate market stands at nearly $300 trillion. Back emphasizes the potential for Bitcoin’s growth amid increased money printing.
Regardless of the realism of these forecasts, Adam Back's perspective highlights the growing interest in Bitcoin and its role within the economy, particularly in the context of the global financial system.
