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Bitcoin Price Prediction Forecast For The Next 5 Years

December 20, 2020 Leave a Comment

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Without question, Bitcoin is one of the most important technologies to arise in decades. Bitcoin seems to have a fairly safe future as an investment.

Bitcoin’s Promising Future

These days, Bitcoin price prediction is a big topic of discussion in investment circles. When Bitcoin first hit the scene in 2008, it was regarded as little more than a curiosity. At this point, many experts believe that cryptocurrency could change the face of modern finance. By the end of 2020, some experts believe that Bitcoin could rise as high as $50,000. When looking at the long-term forecast, it seems clear that Bitcoin will continue doing well for at least the next five years. Certain financial figures predict that Bitcoin will be trading in the six figure range by 2025. Pioneering cybersecurity figure John McAfee believes that Bitcoin prices could eventually reach as high as $1 million.

The Architecture of Bitcoin

By design, the supply of Bitcoin is fixed. This digital asset’s basic design ensures that there can never be more than 21 million Bitcoins in existence. Around the world, Bitcoin miners are steadily increasing the world’s supply of BTC. In the years ahead, demand will remain the most important factor in rising BTC prices. Every month, more and more institutions invest in Bitcoin. Still, retail investors have long driven Bitcoin trading. According to ZUBR, a prominent derivatives exchange, growth in new Bitcoin wallets has continued steadily. Throughout 2020, people have turned to Bitcoin to seek security from economic uncertainty and hardship.

Institutions Are Getting Onboard the Bitcoin Train

ZUBR predicts that within four years, demand from retail investors will consume over half of each day’s supply of fresh-mined Bitcoins. At the same time, pension funds and hedge funds are finally warming up to Bitcoin. The Bitcoin fund Grayscale Bitcoin Trust saw its capital inflows double in less than six months. Almost 90 percent of this new money came from large, institutional investors. Fidelity Investments recently found that 36 percent of institutional investors already possess some form of crypto asset. Over 25 percent of surveyed institutions reported investing specifically in Bitcoin. Billionaire Paul Tudor Jones is one investor on record as believing in Bitcoin. In a recent interview, Jones revealed that he keeps two percent of his wealth in BTC.

Investment Experts Weigh In

Paul Jones is far from the only major financial player taking BTC deadly seriously. A fair number of super-wealthy investors have lauded BTC as an excellent hedge against inflation. Antoni Trenchev is another finance expert who believes that BTC will break $50,000 in due time. Finance CEO Mark Yusko believes that BTC will reach as high as $100,000 in 2021. In an informative interview, Yusko predicted that BTC would ultimately sell for as much as $400,000 per coin.

 

According to the experts at Money Morning, “lofty Bitcoin price forecasts aren’t farfetched.” Due to its transparent nature, blockchain-based cryptocurrency provides ordinary people with a reliable place to park their money.

 

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