Crypto Research Expects Multiple Bitcoin Growth by 2025–2030
By CoinJoy on The Capital
Experts from Crypto Research predicted how many years investors should wait for a multiple increase in the rate of the first cryptocurrency and what would happen to altcoins in this case.
Bitcoin can rise up to $341 thousand by 2025, and up to $397 thousand by 2030. The calculations are based on the concept of the total volume of target market (Total Addressable Market), which includes money transfers, offshore accounts, savings, online transactions, cryptocurrency trading, blockchain games, consumer loans, reserve currencies, etc.
The researchers are sure that in case Bitcoin grows, altcoins will also rise in price. According to their forecasts, in five years the Ethereum rate may rise by 1,500% and exceed $3,500, and the cost of Bitcoin Cash — by 3,000%, up to $6,700. The greatest growth is expected from the Stellar token (XLM) — by 3800%, to $2.40.
In March, a similar forecast was provided by analysts at the Kraken exchange. According to their calculations, the rate of the first cryptocurrency can rise to $350,000 by 2044. This will happen as soon as the younger generation invests about $1 trillion in digital assets.
This is a new model I’m working on, it picks the start of exponential bull runs.
1) Bitcoin was setting up for a bullish run until the COVID white swan killed the party.
2) This model suggests we are close to another bullish run. Maybe another month to go. pic.twitter.com/wmoEdMVywF
- Willy Woo (@woonomic) June 27, 2020
According to cryptanalyst Willy Woo, a new “exponential” BTC rally could begin in July. This is indicated by his new price model of Bitcoin.
Meanwhile, a well-known Bitcoin critic Peter Schiff the possibility of repeating the BTC rally.
Despite Grayscale Investment Trust buying more than 100% of all the Bitcoin “mined” since the halving, the price of #Bitcoin fell. This likely indicates Bitcoin whales unloading their coins onto GBTC speculators. Distribution from strong to weak hands is very bearish for price.
- Peter Schiff (@PeterSchiff) June 26, 2020
Gold closed at an 8-year high today, up 16.5% so far this year. If gold simply repeats its percentage gain in the 1st half of the year in the 2nd, it will end 2020 above $2,000. Of course, if @realDonaldTrump loses in Nov., #gold will likely be above $2,000 on election night.
- Peter Schiff (@PeterSchiff) June 23, 2020
- Prof. Steve Hanke (@steve_hanke) June 22, 2020
Originally published at https://coinjoy.io.