In a new report from research company Crypto Research says that bitcoin price could be closer to $400,000 in the next ten years.
“We believe that bitcoin is still in the very beginning of its adoption curve,” say analysts. “The price of $7200 at the end of 2019, says that bitcoin has penetrated to less than 0.44% of all target markets [which are estimated at $212 trillion]. If this figure will reach 10%, the price should be almost $400 000”.
This will lead to an increase in the price of BTC more than 4000% in 2030. Analysts say that the price of altcoins such as ether, litecoin and Bitcoin and Cash Stellar in this scenario will increase by 1600%, 5000%, 5400% and 11,000%, respectively.
According to the report, target markets for cryptocurrencies are a means of savings, remittances, offshore deposits, games, online gambling, financial inclusion, loans, online transaction, reserve assets, micropayments, cryptotrading investing in ICO and STO.