Bitcoin Must Reach $20T Market Cap to Replace Traditional Currencies

Real estate mogul believes that for Bitcoin to become a functional means of exchange, its market cap must hit $20 trillion. This would price a single coin at over $1 million.

This scale is seen as necessary for Bitcoin to move beyond being a store of value and replace traditional currencies in daily commerce.

However, many argue that the technology behind Bitcoin is not built for this level of global transaction, regardless of its price.