Top Crypto Analyst Offers Three Huge Bitcoin (BTC) Price Targets in 2030

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. »

Source: InvestAnswers / YouTube

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.

screenshot 2022 05 29 at 2.12.41 am
Source: InvestAnswers / YouTube

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.

I

Check price action

Never miss a thing – sign up to receive encrypted email alerts straight to your inbox

Follow us TwitterFacebook and Telegram

Browse the Daily Hoodle Mix

nbsp

Check out the latest news headlines

Receive alerts

Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should perform their due diligence before making high-risk investments in bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may incur is your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.

Featured Image: Shutterstock/breakermaximus/Nickelser Kate

Leave a Comment