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URL:  https://boards.fool.com/bitcoin-now-has-a-market-cap-of-almost-120-32887176.aspx

Subject:  Re: OT-Bitcoin Date:  11/7/2017  6:13 AM
Author:  rdutt Number:  268357 of 279065

Bitcoin now has a market cap of almost $120 billion, which makes it bigger than Goldman Sachs or Morgan Stanley or Paypal or Netflix. Only 21 million bitcoins will ever be made, so the supply is going to be limited, and that will be a factor driving up the price. The supply right now is about 17 million bitcoins.

Blockchain is a breakthrough technology that potentially eliminates things like high credit card fees charged to vendors, wire transfer fees, and a whole lot of other transactional fees that banks charge. This technology is not going to go away, and it's only going to get bigger, since it's very early in the adoption cycle.

Here's a good article to learn more - https://seekingalpha.com/article/4121499-bitcoin-series-1-ba...


-Rana
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