Btc Forecast

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Avatar for Kendimint
3 years ago

The June edition of the Crypto Research Report (CRR) reveals price predictions for several cryptocurrencies: bitcoin, bitcoin cash, ethereum, litecoin, and stellar. This is the 10th publication of the CRR report and it covers a popular valuation method used to forecast bitcoin’s future price called the “equation of exchange” model.

“The equation of exchange model is an absolute approach to valuing crypto assets,” the report begins. “This means that the model gives a target price that crypto assets should be priced at based on assumptions regarding changes in supply and demand.” Noting that “The absolute valuation approach is inspired by Mill’s equation of exchange, later formulated by Irving Fisher,” the CRR team detailed:

In this model, the percentage of the total addressable market (TAM) can be used to estimate a crypto asset’s implied future price.

After examining “all the variables and addressable markets,” the CRR researchers arrived at future price estimates for BTCETHLTCBCH, and XLM. They expect the price of bitcoin to rise to $19,044 in 2020, $341,000 in 2025, and $397,727 in 2030. Ethereum’s price is expected to reach $331, $3,549, and $3,644 respectively while bitcoin cash’s price should climb to $414, $6,690, and $13,016 during the same time periods.

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