September 26, 2021

Copy-paste | Opinion: by 2030, Bitcoin will reach $ 397,000

Over the next ten years, the rise in the price of bitcoin to $ 397,000 looks quite realistic, according to the authors of Crypto Research Report.

The team of analysts from Liechtenstein also believes that several altcoins can be expected to rise until 2025, and their rally will last at least five years.

Crypto Research Report June 2020 ENG by ForkLog on Scribd

In a June survey, analysts presented a table of estimated price changes for Bitcoin, Ethereum, Litecoin (LTC), Bitcoin Cash (BCH) and Stellar (XLM) on the horizon until 2033.

“We believe that bitcoin is still ininitial stage of the adoption curve. At the end of 2019, its capitalization amounted to less than 0.44% of the total target market of $ 212 trillion. Provided that this indicator rises to 10%, then, without discounting, bitcoin will cost almost $ 400,000, ”the researchers write.
When implementing this hypothesis, bitcoin from the currentmarks will rise more than 40 times. The rise of Ethereum, Litecoin, Bitcoin Cash will be 1600%, 5000% and 5400%, respectively. According to Crypto Research, the most promising prospects are emerging from Stellar, which is able to rise in price by more than 110 times.

Researchers' calculations are based on the concept of the total volume of the target market (Total Addressable Market (TAM)), which is used to estimate the estimated future price of cryptocurrencies.

In this case, TAM includes:

Money transfers
tax avoidance
offshore accounts
accumulation tool
online transactions
micropayments
cryptocurrency trading
blockchain games
gambling
consumer loans
reserve currency and others.

The review also indicates that the growth rate of the numberspeculative transactions on exchanges exceed the growth rate of transactions for the purchase of goods and services using cryptocurrencies. Analysts have found a correlation between the price of bitcoin and activity on cryptocurrency exchanges.
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“Decreasing onchain-velocity of circulation (quantitytransactions on the blockchain) along with the growing off-chain circulation speed (activity on bitcoin exchanges) suggests that cryptocurrencies are still used more for speculation and not for savings, ”the report says.
Recall, Bloomberg Intelligence chief commodity strategist Mike McGlone predicted a quick spurt in Bitcoin to a resistance level of around $ 13,000.