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The Crypto Research Report predicts that the price of Bitcoin will be $ 397,000 by 2030

June 29, 2020

A new report from a cryptocurrency research group suggests this Bitcoin’s price could approach $ 400,000 in the next ten years, and altcoins will follow their bullish example.

According to the June 2020 issue of the Crypto Research Report, the researchers predicted this the price of Bitcoin (BTC) and other altcoins -Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and Stellar (XLM) it would have a huge increase before 2025, which could take at least five years.

“We believe that Bitcoin is still at the beginning of its introductory curve“The report says.” The price of $ 7,200 at the end of 2019 indicates that Bitcoin has penetrated less than 0.44% of its total addressable markets. [valorados en USD 212 billones]. When this penetration reaches 10%, the undiscounted prize should reach nearly $ 400,000. “

The Crypto Research Report predicts that the price of Bitcoin will be $ 397,000 by 2030The Crypto Research Report predicts that the price of Bitcoin will be $ 397,000 by 2030

Source: Crypto research report

Source: Crypto research report

This would mean a price increase of more than 4,000% for BTC by 2030 though ETH, LTC and BCH also appear to be on the rise in this scenario. with increases of approx.1,600%, 5,000% and 5,400%. However, the XLM would see the largest increase: over 11,000% from $ 0.07 to $ 7.81.

The Liechtenstein-based research group analyzed cryptocurrencies based on their Addressable Target Market (TAM), a metric that is used “to estimate the implicit future price of a crypto asset”. According to the report, TAMs for cryptocurrencies include wire transfers, tax evasion, overseas accounts, value reserves, online transactions, micro payments, crypto trading, gambling, online betting, consumer credit, reserve currency and others.

The speed inside the chain decreases and outside the chain increases

The report also found speed measurements in and out of the chain for old coins and found that “The growth in the number of speculative transactions on exchanges is faster than the growth in transactions in the public sector for the purchase of goods and services. “

“In-chain speed” is a metric measured by transactions in a blockchain, while “out-of-chain speed” is determined by doing business in crypto exchanges. The researchers observed this when analyzing Bitcoin The price of cryptocurrency and its activity on exchanges rose at around the same time:

Source: Crypto research report

Source: Crypto research report

“”When cryptocurrencies are used for long-term hoarding purposes or for short-term spending on speculation or coffee, the price of crypto assets increases“According to the Crypto Research Report.” The high speed inside the chain and the low speed outside the chain suggest this Crypto assets are increasingly being used for speculation rather than value storage“”

The September edition of the Crypto Research Report is distributed on Cointelegraph.

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