Research: Bitcoin Price Is Expected To Rise Up To 98 Thousand Dollars
According to a new study conducted by the consulting firm Satis Group, which deals with ICO, the cost of Bitcoin could rise up to 98,000 dollars in the next five years. The report, written by Sherwin Dowlat and Michael Hodapp, covers cryptocurrency market analysis.
The report states over the next five years Bitcoin will reach $98000, Monero will reach $18000, and Decred will reach 535 dollars.
Bitcoin Cash is expected to decrease to $268 after its attempts to achieve brand recognition, providing minimal technological advantage for operators.
Cryptocurrency assets that have centralized ownership are expected to be of little value, so Ripple’s value is projected to be $ 0.01.
The research team believes that there will be a conflict on the Ethereum platform, which we may see in 2028.
Cryptocurrency Assets As A Means Of Saving
The latest study also expands asset valuation and provides a forecast of the market for the next ten years.
According to the report, the value of assets needed to support the economy will increase from about $ 500 billion next year to $ 3.6 trillion by 2028.
The report says that the fundamental value of supporting the cryptocurrency economy comes from options of using digital money as a means of saving.
Earlier it became known that Yahoo Finance had launched a service for buying and selling cryptocurrencies: Bitcoin, Ethereum and Litecoin. The service is available only to residents of the United States.