Could Bitcoin Trading Volume Really 100X in Four Years?

[SRShanuka2020]

Could Bitcoin Trading Volume Really 100X in Four Years?

In its latest report cryptocurrency data provider Coin Metrics predicted that Bitcoin’s daily volume could eclipse that of the U.S. equity market, if growth rates are maintained. But how likely is it really?

The report cites Bitcoin as an asset class with incredible growth potential due its low trading volume compared with more traditional markets:

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[Nolbertino]

In the next 4 years that the increase in trading volumes will increase? And I'm sure the trading volume will continue to happen. But the increase of course does not reach 100x. Now the condition differs from the year 2017 that all the coins are experiencing a very high price hike (especially Bitcoin). Now a lot of new coins are constantly appearing so competition is tight. I will continue to try to survive in this industry because I am sure if the digital currency has a good future.

[alltalk]

I believe that Bitcoin trading volume can increase constantly in the next four years. However, I am not sure how many the increase, no one knows the definite numbers. Bitcoin trading is getting popular day after day, it must improve the volume in the market as more traders to join. As long as there is no negative news in the next future, we probably see constant improvement. Let's hope that the more adoption of Bitcoin and it can be accepted in more countries.

[wahyudi]

The volume of Bitcoin on the five exchange cryptocurrency exchanges only reached US $ 2.14 billion or equivalent to Rp 29.96 trillion (assuming US $ 1 = Rp 14,000).  This volume is the lowest since April 2017 when the trading volume broke through US $ 845.7 million ..
.So if it were really 100x it would not happen.

[Prime]

100X in four years? I'm sorry I think it is hard to happen because it is too speculative. I don't know how it can happen, moreover if there is bad news in the future. There is always good news in crypto space, there is also bad news to influence crypto market.

[debra]

NO guarantee in crypto space, so I don't think we can believe with the statement on the article saying trading volume to be 100X. Even it is four years or more, no guarantee. Just see what will happen in the next four years without too much expectation.

[Noverteno]

If Bitcoin does not have cheap and fast transactions, due to what can it increase its trading volume? Only by increasing demand for it? If demand grows, then not so much. In four years, the trading volume in bitcoin can grow several times, but not a hundred. This is unambiguous.

[Senin]

Bitcoin is unlikely to increase significantly in the volume of its trading in the near future when it is used as a means of payment. With the advent of stable coins, their use will also reduce the use of cryptocurrency as a means of payment. With this in mind, the volume of bitcoin trade in the next few years will not be able to grow a hundred times.
Traders will also not be able to increase their activity so much.

[trauchot]

I don’t think that Bitcoin trading volume can grow so fast in such a short time, and of course, Bitcoin trading volume will gradually grow, and this is already obvious, after all, the future lies with cryptocurrency and cryptocurrency technologies.

[Cryptoz]

It is too much to expect 100x in four years. I don't think it will increase so big like that just in 4 years. I think it should be more realistic, don't expect something too difficult to reach. I think Bitcoin's price may be just moving gradually and not growing so significantly currently. So, it doesn't make sense if it increases 100x.

[Rivaldi Kunkun]

100X in 4 years, I think this accomplishment is very difficult. Bitcoin will continue to increase significantly, but 4 years in the future we do not know what is happening. If we look at the situation now that Bitcoin is getting popular, despite the current pandemic conditions. A lot of negative news and I think it will slightly affect the price of Bitcoin. So you can wait for the low price of Bitcoin and then buy it. To invest long term, I think this is a good decision. I personally argue that this Bitcoin has a good future.

[tervel]

The second half of 2020 will be defining. If the bull run eventuate, not only will this increase trading volume but it will also see new investors and institutions entering the market which makes an exponential increase of 100x in the coming years all the more likely.