Host InvestAnswers sees three possible levels for Bitcoin (BTC) price in 2030, as the top crypto assets by market capitalization struggle to reclaim the $30,000 mark.
In a new video update, the analyst told his 439,000 YouTube subscribers that his “bear state” for Bitcoin in 2030 is $576,000, or about 1,886% of current prices.
“Pretty much where we are today. It’s basically 20 times, or a few dollars, which is a lot of return, but it’s still a moving target. Things change all the time. Adoption changes, network changes, competition changes. Keep that in mind. .
The cryptocurrency analyst also examines the market capitalization of gold and assumes that Bitcoin could eventually reach 40%, 60% or 100% of the market capitalization of the precious metal, which equates to $514,815, or $785,955, or 1, $30 million, respectively, by 2030. .
“The digital gold/store valuation valuation listing is very, very important. Lots of people, all top experts, this is a basic way of valuing the market…
Bitcoin adoption is faster than the internet and mobile phones at the moment. So, due to Metcalfe’s law, this is completely believable. »
The analyst also notes a third price target for Bitcoin that is derived by pushing the average of a range of popular patterns from Fidelity, ARK Invest, and others.
By combining some of the well-known patterns in the space, the host of the popular YouTube channel has reached a Bitcoin price target of $1.55 million in 2030.
Combining the three token price targets, the host finds an “expected” average target of $785,955 for Bitcoin, with $576,389 representing the lower end of the range and $1.55 million being the most optimistic prediction for BTC.
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