Report: by 2030, the price of bitcoin will be $ 397,000

Crypto Research Report analysts published the 10th anniversary report with an extremely bullish forecast for the price of the firstcryptocurrencies.

The research team believes that bitcoin is everythingstill at the beginning of the acceptance curve. Currently, the target cryptocurrency asset market is approximately $ 212 trillion. Last year, capitalization was only 0.44% of this figure. The report states that if capitalization reaches 10% of the target market, then bitcoin will cost $ 397,000. Following the first cryptocurrency, popular altcoins will also go up.

Team findings are based on simulation data.Bitcoin prices using the concept of the total volume of the target market (Total Addressable Market), which is widely used to predict prices on the cryptocurrency market based on market factors.

However, for now, according to the report, the cryptocurrency is moreattracts traders as a speculative asset rather than a long-term investment. According to analysts, there is a clear correlation between the price of Bitcoin and the activity of exchange traders. 

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