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.
Maybe it is hard to predict the exact value of bitcoins in the next 5 years but these are major player adopting bitcoins which will contribute significantly towards the
growth and adoption rate of bitcoins.
Is the prediction over bullish in your opinion ?
Source:https://www.forbes.com/sites/cbovaird/2018/09/10/will-bitcoin-reach-96000-by-2023/#79d5b93237dc
Personally I will not be surprised if I see Bitcoin price higher than $ 100K even in the next 3 years. No doubt that Bitcoin already have changed life of millions people and will change world financial system. May be in the future it will be replaced, but because of limited supply and unlimited demand its price will increase ten times and more. Otherwise, John McAfee will have to keep his promise. 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.
Maybe it is hard to predict the exact value of bitcoins in the next 5 years but these are major player adopting bitcoins which will contribute significantly towards the
growth and adoption rate of bitcoins.
Is the prediction over bullish in your opinion ?
Source:https://www.forbes.com/sites/cbovaird/2018/09/10/will-bitcoin-reach-96000-by-2023/#79d5b93237dc
