Among crypto analysts, the predictions are diverse and varied when it comes to the price of bitcoin (BTC). While many of them believe that the fall is imminent and that the support of $15,000 is in danger of being broken, the bulls see the price well beyond $100,000 or even $1 million. The particularity of those who see the BTC crossing the million dollars is that they are registering on the medium term. 2030 is a deadline on which the majority relies.
Nothing will stop bitcoin (BTC) in the medium term
Ark Investment Management analyst Yassine Elmandjra believes that bitcoin (BTC) will reach $1 million by 2030. He made this known during a interview granted to Bloomberg Crypto October 15. He joins Cathie Wood, CEO of Ark Investments, who also made a similar statement, but also Arthur Hayes. According to the latter two, this should affect fiat money and cause the economies of developed countries to collapse.
For the analyst interviewed, the sluggish market conditions will not be able to prevent the next BTC boom from occurring.
“When we look at bitcoin’s potential, we segment it into several use cases, everything from competing as a digital store of value, to a settlement tool, to an insurance policy against foreclosure. arbitrary assets. When you stack all of the use cases on top of each other, you come up with an opportunity of around $28 trillion, which translates to over $1 million per bitcoin.”explained Elmandjra.
Market conditions in 2022 have put a lot of pressure on the crypto industry. We are mainly talking about the rise in inflation rates. Many crypto businesses have either found themselves in serious financial trouble, or have been forced to close up shop. While it is true that conditions may not improve immediately, Yassine Elmandjra remains convinced that soon they will no longer affect bitcoin (BTC), which will reach the million dollar mark.
Receive a digest of news in the world of cryptocurrencies by subscribing to our new service ofdaily and weekly so you don’t miss any of the essential Tremplin.io!