On what exactly? What are you asking. The Cardano Foundation, IOHK, or Emurgo have no economic credentials of what you speak…
One of them a software firm, another VC firm, and a third a marketing/management firm.
Profesional crypto analyst…lol… you gotta be kiddin me.
Actual economist? What do you mean actual economist. It isn’t a protected title, that would be subjective judgement, who is a “actual” economist.
Anyone can call themselves a economist.
There are plenty of “economist” out there, one example is Paul Krugman who has even won a nobel prize, who is absolutely useless and just spurring non-sense at this point. Like hurricanes creating economic growth, and a solution the economic crisis could be preparing for a fake alien invasion. Complete Keynesian nonsense. In your eyes, this is a real economist, and his words should hold value by his credentials alone.
There is just the truth, no one has ownership to the truth, and every person can be wrong - but the truth can never be wrong.
Its very simple, bitcoin didn’t reach 20k… it reached a certain market cap… market cap is everything… the price of one BTC tells you nothing, you need to know the supply and find out the market cap…
ADA reaching 20k and BTC reaching 20k is completely different… but on the surface the same. Thats why market cap is the only true reading.
One trillion USD is unrealistic, except for that project that makes it and really changes the world, like Apple did. We are still limited by market cap though, Its a very important number, and the only number that matters. Individual price of a coin means nothing. It tells you nothing.
and no, we are not entering the era of trillion dollar market caps due to the size of these companies, but because of inflation. Yes I agree with you on a few like apple, google etc… but there shouldn’t be many in that category, and there wont, It will only be due to devaluation of the dollar. If you take into account real inflation adjusted value, the picture is very different. In fact, Apple is not the first… there has been several throughout history.
There is already a set “unknown” market cap that the free market has set on the value and demand for money, this is expanding/contracting pie, but it is this pie that everything that constituted as money or currency is fighting for, a part of that pie - they do not expand the pie, they can only gain share of it - on the opposite side of the sheet, you have supply (assets and products)
In comparison the USD, the most used and biggest currency in the world, 50% of the currency supply. Has a market cap of 3.6 Trillion… Which is using M1 which is the most fairest comparison we can do… the reason to exclude M2 and M3 is that these would form by itself, if any crypto-currency was to start being used broadly. Yes fractional reserve banking would be done upon Crypto too, just without any national bank being able to print it up if needed. Which is great. But it will still form.
So for ADA to be around that in terms of real value, today. We would have to out-compete the USD for it to be there. Could it happen? yeah but dont count on it lol… and this would be far far far down the road should it ever happen.
No crypto-curcurrency will reach 1T (in today’s value) and sustain it, any time soon.
BTC could do a blow-off top and perhaps go over it some day, but sustaining it is a whole other issue - because at the end of the day, you gotta represent that value in the marketplace to sustain it.