Crypto Research report: Bitcoin to reach $397,000 in 10 years
The results were greatly influenced by the critical analysis of the indicator that was consulted to determine the expected future price of the cryptocurrency called "Target Addressable Market (TAM)". The Target Addressable Market (TAM) used by the research team includes tax evasion, value accumulation, online transactions, money transfers, micropayments, reserve currency, online scripting, online gambling, offshore accounts, consumer loans and others.
According to their analysis, Bitcoin is in a winning position to conduct a massive bullish growth, which will lead to its price up to US$397,000. According to the report, bitcoin penetrated less than 0.44% of its addressable market, which is US$212 trillion. Bitcoin is now at the beginning of its acceptance curve. For this reason, there is a high probability that a digital asset will reach nearly US$400,000 when it takes about 10% of its total addressable market.
Therefore, it is expected that Bitcoin will be traded at an extreme price by 2025 before moving to the declared price level in 2030.