Research Firm Says Bitcoin Price At $144,000 in 10 Years
The famous research firm Satis Group is very bullish on Bitcoin (BTC). The firm has released a new report that makes important predictions about digital currencies. As part of the predictions given, the firm sees Bitcoin prices at $144,000 in 2028.
Satis Group Bullish on Bitcoin
Virtual currencies have been in a bear market since the beginning of this year. But there are some companies that are bullish about the future of Bitcoin. Satis, for its part, used a different methodology to give value to assets.
The report was released by Sherwin Dowlat and Michael Hodapp. They use a combination of peer-based metrics, quantity theory, economic forecasting and more, in order to evaluate cryptos.
For example, the famous virtual currency, Bitcoin, will keep dominating the market. Moreover, and according to the report, Bitcoin price would be close to $96,000 dollars by 2023. Additionally, before the end of the next decade, Bitcoin could reach $144,000 dollars.
This is not the first time that a company and market figure is bullish on virtual currencies. For example, John McAfee, has predicted that Bitcoin would reach $1 million dollars in the next years.
Other Coins Analyzed
Another crypto analyzed was Monero (XMR). They believe that in five years, this currency would reach $18,000 dollars. However, in 2028, Monero may be worth $39,000 dollars.
Monero is a distinguished crypto because it offers private transactions. It is not possible to track who the sender of a transaction is or which is the exact amount transferred.
Other important cryptos that will experience important gains will be Zcash (ZEC) and Dash. Both of them will be growing in the next years. Zcash will be worth $4,400 in 2023 and $9,000 in the next ten years.
Dash, instead, may be worth $1,900 in 2023 dollars and reach $3,000 in ten years.
Litecoin (LTC), in the prediction set, will not be experiencing important gains. Indeed, the company predicts that it will never reach again its all-time high. In ten years it will only reach $225 dollars.
The second most important cryptocurrency, Ethereum (ETH) could reach $880 dollars. But in the future, the price would drop down to $100 dollars.
XRP and Stellar (XLM) will be traded close to the values they have seen in the last years. XRP, for example, would end up valued at $0,004 in just ten years. Stellar, instead, will see prices between $0.01 and $0.02.
Other currencies such as EOS would drop down to $0.05 dollars a coin. Currently, EOS is traded close to $5 dollars.
Bitcoin Cash (BCH) will follow the negative trend of other virtual currencies. BCH will never see again its all-time high, and in the next years, it would be valued close to $180 dollars.