Opinion: BTC Will Cost $397 Thousand in 10 Years

At the beginning of the new decade, the rate of Bitcoin will be almost $400,000, as they think in the Crypto Research Report.

Analyst Forecast

Experts predict that in the next five years the following altcoins rate will significantly grow: Ethereum, Litecoin (LTC), Bitcoin Cash (BCH), and Stellar (XLM). The screenshot below shows the specific forecast for these coins up to 2033.

Bitcoin: the beginning of the road

“We believe that Bitcoin is still in the initial stages of the adoption curve. At the end of 2019, its capitalisation amounted to less than 0.44% of the total target market of $212 trillion. Provided that this indicator rises to 10%, Bitcoin will cost almost $400,000 without discounting,” the researchers write.

What about profit?

If this forecast becomes reality, crypto-gold will increase in price by more than 4000%, ETH - 1600%, LTC - 5000%, BCH - 5400%. The authors of the Crypto Research Report believe Stellar cryptocurrency will be the most attractive investment asset which should grow by more than 11,000%.

What is their forecast based on?

These calculations are based on the concept of the total volume of the target market (Total Addressable Market (TAM)). The report says the number of speculative transactions on crypto exchanges is significantly more than the number of transactions for the purchase of services and goods with digital coins.

Read more:
Bill Miller: BTC rate of $9000 is as safe as never before
Bitcoin Price Falls To Monthly Low
Grayscale Buys Three Times More Bitcoins Than Miners Mine

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