Pantera Capital predicts Bitcoin price rise to $ 700,000

The investment company has developed its own predictive model for the price of cryptocurrency # 1.

Investment company Pantera Capital in a letterto clients, she said that she had developed a forecast model for the price of Bitcoin (BTC), based on an analysis of the influx of investors into cryptocurrency # 1. According to the findings of this model, the price of bitcoin rises by about $ 200 for every additional million investors in this digital asset.

Pantera Capital said that their forecastthe diagram effectively displays everything that has happened to the price of bitcoin since 2010, and only once - in February 2016 - shows a result different from the market situation.

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Potential bitcoin investor base inPantera Capital was estimated at 3.5 billion people - this is the number of smartphones in the world now. Based on this, the organization calculated that bitcoin could eventually rise in price to 700 thousand dollars. Meanwhile, given that in the future, most likely, there will be an increase in the number of smartphone users in the world, then 700 thousand dollars, quite possibly, is not a limiting guideline for the price of bitcoin.

At the same time, Pantera Capital believes that the marketIt’s not just Bitcoin and Ethereum that deserve the attention of investors. The organization's analysts believe that the share of bitcoins in the total amount of cryptocurrencies may fall further below the 50% mark: they note that the share of other digital assets (not Bitcoin and Ethereum) has more than doubled over the past three months, from 16% to 34%.

Pantera Capital recommends:

"Watch the trend: this is the direction in which the maximum yield is most likely possible."

We remind that earlier the trader of the Amsterdamstock exchange Michael van de Poppe named six digital assets, in addition to Bitcoin and Ethereum, that are likely to rise significantly in price by 2022-2023: Polkadot, Chainlink, Cardano, Elrond, DIA and Ziliqa.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features &#8212; futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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