Popular(US:BPOP) The Motley Foolยท2025-01-18 09:51Group 1: Cryptocurrency Market Overview - The total value of all cryptocurrencies in circulation is currently $3.5 trillion, with Bitcoin accounting for more than half of that value at nearly $2 trillion [1] - Bitcoin has gained popularity as a store of value due to its decentralized nature, capped supply, and secure blockchain system [2] Group 2: Bitcoin's Future Potential - Michael Saylor predicts Bitcoin could reach $13 million per coin by 2045, representing a potential gain of 13,031% from its current price of about $99,000 [3][6] - Saylor envisions a future where over $500 trillion worth of real assets are tokenized on the blockchain, positioning Bitcoin as the primary currency for these transactions [4][5] Group 3: Market Capitalization and Comparisons - A price of $13 million per Bitcoin would imply a market capitalization of approximately $257 trillion, significantly higher than the current total market cap of the S&P 500, which is $49.1 trillion [7] - Bitcoin's market cap would need to increase by 823% to match the total value of all gold reserves, which stands at $18.1 trillion, translating to a more realistic price target of $914,000 [12] Group 4: Challenges and Considerations - The assumption that all governments, companies, and individuals will agree to a Bitcoin-based financial system is questioned, highlighting the difficulty of achieving global consensus [8] - The potential disadvantages for weaker economies under a Bitcoin standard are noted, as they would face higher costs to acquire Bitcoin compared to stronger economies [10]