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Felicia Tan
June 30 18:29

Opinion: Bitcoin to reach $397,000 by 2030

Over the next ten years, the rise in the price of bitcoin to US$397,000 looks quite realistic, according to authors of Crypto Research Report.
The team of analysts from Liechtenstein also believes that until 2025, we can expect the rise of several altcoins, and their rally will last at least five years.
In the June review, analysts provided a table of expected price changes for Bitcoin, Ethereum, Litecoin (LTC), Bitcoin Cash (BCH) and Stellar (XLM) on the horizon to 2033.
If this hypothesis is true, bitcoins will grow more than 40 times from the current levels. The rise of Ethereum, Litecoin, Bitcoin Cash will be 1600%, 5000% and 5400% respectively. According to Crypto Research, the brightest prospects are looming for Stellar, which is able to rise more than 110 times.
The researchers' calculations are based on the Total Addressable Market (TAM) concept, which is used to estimate the expected future price of cryptovoltaic currencies.
The review also indicates that the growth rate of speculative transactions on the stock exchanges exceeds the growth rate of transactions for the purchase of goods and services using cryptocurrencies. Analysts have found a correlation between the price of bitcoin and activity on the cryptocurrency exchanges.
Earlier, Bloomberg Intelligence's chief commodity strategist, Mike McGlown, predicted a rapid jump in Bitcoin to a resistance level of US$13,000.