Someone recently tweeted out a timeline for different companies to reach trillions of dollars. These assets include Google, Apple, Microsoft, Amazon and Bitcoin. Among these assets, it took only 12 years for Bitcoin to achieve a trillion-dollar asset value. And the most amazing thing is that Bitcoin is a fully automatic system, which naturally forms a trillion-dollar asset scale. So the next very natural question is, which encrypted digital asset will be the next to reach a trillion-dollar asset size first?
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facing a lot of competitors
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Can fiat-based stablecoins be introduced early?
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Will there be a killer app soon
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Can it be quickly accepted by the institution?
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The compliance status of Polkadot tokens to be clarified
The legal status of cryptocurrencies varies across regulatory jurisdictions around the world. Polkadot's operations in different regulatory regions face compliance risks. For example, in the U.S. market, the previous encrypted digital currency rating association CRC believed that Polkadot’s security attributes were very strong in its ratings of some tokens in the market. CRC scores from 1 to 5 in this rating mechanism, the higher the score, the closer it is to being defined as a security. The rating of the Polkadot token is defined as 3.75. XRP, now being sued by the SEC, is rated 4.0. Therefore, according to the current US securities law, the probability of Polkadot tokens being defined as securities is very high.
I think that Polkadot's current market value of close to 40 billion US dollars is not a true reflection of its value, but the result of market speculation. This is the same as the current state of the encryption market. At this stage, no application has started running in the Polkadot ecosystem. Even if some applications start to run on its ecology, the popularity of these applications in the market has yet to be tested. Therefore, the current market value of Polkadot’s market value of nearly US$40 billion is highly optimistic, or it can also be said to be the result of speculation.
In general, I think Polkadot is very likely to be the next encrypted digital asset that is the first to achieve a trillion-dollar asset size, but this possibility only exists now, and there are still many risks in the future. However, Polkadot's product mechanism and the development of its current community do give it a very strong competitive advantage. At least for now, it is likely to be the next encrypted digital asset that is the first to achieve a trillion-dollar scale.
