Re: Bitcoin prices predicted to hit $96000 in the next 5 years
As quoted by an analyst from the article (Source mentioned below)
1. A dealership in Houston Texas accepting bitcoins for the purchase of Rolls Royce cars
2. Goldman Sachs CFO says bank is working on bitcoin derivative for clients
3. Major Japanese Department Store Chain Marui Accepts Bitcoin
Goldman Sachs cryptoasset market capitalization plans seem to be inline with the analysts
claims.
Quote
"Currently, the vast majority of the total cryptoasset market capitalization is held in traditional store of value markets, with offshore deposits accounting for nearly 40% of the total," they stated in the report.
Going forward, growth in this market capitalization will come "primarily from increased store of value use case penetration," the analysts claimed.
Further, they predicted that as custody solutions "come online," the "penetration" of offshore deposits will increase "dramatically."
Adding to this I personally find it a possiblity due to the recent reports as mentioned belowGoing forward, growth in this market capitalization will come "primarily from increased store of value use case penetration," the analysts claimed.
Further, they predicted that as custody solutions "come online," the "penetration" of offshore deposits will increase "dramatically."
1. A dealership in Houston Texas accepting bitcoins for the purchase of Rolls Royce cars
2. Goldman Sachs CFO says bank is working on bitcoin derivative for clients
3. Major Japanese Department Store Chain Marui Accepts Bitcoin
Goldman Sachs cryptoasset market capitalization plans seem to be inline with the analysts
claims.
You think these three things lead will lead to this random $96000 figure he plucked out of his behind?
. A car dealership accepting bitcoins really isn't a big deaL. It's nothing at all. I really hate these pointless speculations based on nothing but wishful thinking. I wouldn't be so optimistic. I think bitcoin will reach $ 60,000 in five years. 96 000$ it sounds too good for bitcoin) IMHO
Why does 69k seem doable but 96 is a stretch? I think 60k within five years is very optimistic. I wish I was full of optimism as everyone else seems to be.