Bloomberg researcher Mike McClone predicts that by 2025, the price of Bitcoin will reach 100,000. McClone presented his argument for past Bitcoin trends, which took four years and the price rose from $1,000 in 2017 to $10,000.
He said in Bloomberg's October "Cryptocurrency Outlook" report: "Therefore, doubling the expiration period may cost $100,000 in about five years." "Most demand and adoption measures indicate that Bitcoin The currency is more likely to be on an upward trajectory."
McClone pointed out that an excellent measure of the adoption rate is that the 30-day average of PTC addresses is approximately equal to 000 15,000, which shows that at the current price of 7 10,700, the value of the best cryptocurrency is not high. He predicts that by the end of 2020, digital assets will exceed 14,000.
According to ClassNot data, the number of active Bitcoin addresses has increased from 684,000 at the beginning of this year to 981,000, with an average property value of $7,700. The average transaction price of Bitcoin on December 23, 2018 was 800 14,800, when effective addresses reached nearly 1.1 million.
Bloomberg senior strategist McLaughlin (McLaughlin) pointed out that the increasing number of bitcoin labels, the interest of emerging institutional investors, the limited money supply and the failure of global macroeconomics are the main driving forces for future price increases. He used the Grayscale Bitcoin Foundation (GPTC) example as a "direct indicator of investor demand."
Today, the value of the trust is approximately 450,000 BTC. A year ago, it was less than half of the growing interest of institutional investors. The report said that the arrival of the largest trading platform GPTC has absorbed about 70% of the new Bitcoin supply in the third quarter of this year.
The report also predicts that by 2021, the market value of tether (USDT) will surpass Ethereum (EDH) and become the world's second largest cryptocurrency. In recent months, as more and more investors are looking for major tokens to protect its currency value, Tether's market value has reached 6 times, reaching 15.6 billion. The current market capitalization of Ethereum. 39.6 billion.
It said: "If the current trend prevails, the digital version of gold (Bitcoin) and the demand for encrypted assets such as the U.S. dollar will make the market value of Tether higher than Ethereum next year." "The increase in fixed currency acceptance is the Federal Reserve's digital currency. Pioneer, it guarantees that alternative currency speculation will be more sustainable than remaining currency speculation."
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