Bitcoin to 400k By 2030 | New Crypto Research Report
Anytime I read a Bitcoin prediction or some new report about the future price of BTC, I always take it with a grain of salt. With that said, the crypto industry is so nascent and we are all often grasping at straws to try and figure out what exactly is happening to the price of crypto assets and why.
Having some rough idea of the reports that are out there and what others think has some value in my opinion. At the end of the day, markets are made up of people and emotion. The pricing of these assets is based primarily on speculation and understanding the mindset of a speculator carries some degree of value.
The June 2020 Crypto Research Report was just released and in it, they made the following price predictions for BTC, ETH and a few other assets:
These are obviously some bullish predictions. If we just take the closer case scenario and imagine a BTC price of $341,000 by 2025, that's about a 37x return for anyone who's buying Bitcoin today at around $9,000 USD. Annualized, that's a return of about 700% per year.
The Beginning of an Adoption Curve
"We believe that Bitcoin is still at the very start of its adoption curve"
700% per year is a crazy number to think about, but it's not an impossible number to think about.. which is what makes these predictions so fun. While we can take these predictions into consideration when we buy and use them as motivation to continually HODL, we can also look at data that suggests that BTC adoption is continuing to increase, despite the environment around it.
Off-chain velocity is referring to activities on exchanges (mostly speculation/trading).
On-chain velocity is referring to activities off exchanges (peer to peer, transactions, wallet tx ops, etc.).
The data suggests that we're seeing a rise in the level of speculation surrounding BTC and other cryptos and that this rise in speculation has a positive correlation to the price.
More speculators = more buying pressure = higher price? Possibly.
They also discussed this idea that crypto is growing in terms of off-chain velocity more than it is in on-chain velocity. We're seeing a vastly greater increase in the number of people who come to crypto to speculate on a rise in price as opposed to people who come to crypto to actually use it.
I'm not surprised by this at all. Crypto is still an incredibly new industry with incredibly immature technology. A lot of what's happening here is amazing, but much of it is not usable by the average individual. This idea of crypto usability will continue to be one of the most important conversations moving forward.
While speculation may be positively correlated to the price, I don't want to imagine a crypto future where everything is based on speculation (which is currently what the market is -- 99% speculation, 1% use case).
I'd rather see a future where the speculation still exists, but is just a fraction of the on-chain activities. Proving that crypto has a real-world use case where coins like BTC are used as a long-term store of value and wealth transfer and platforms like HIVE, BAT and ETH are utilized for social media, ad money redistribution and DeFi tools.
Whether or not BTC hits this $400k mark, I'll still hope for this future of crypto usability. $400k is a fun number to dream about, but unless we get some real use cases into the hands of the masses, what have we really accomplished?
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How did Stellar get on this list? :) And it will do the best of all :)
lol I'm not sure how they came up with that list in particular.
Personally, the only 2 on there that I invest in are BTC and ETH
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yeah... agree with you on that... adding ltc, bch and stellar didn't show their "expertise" valid... lol...
Anyways, I have a similar view on BTC and ETH, but I would put a bit more % on ETH price... But, time will tell... ;)
Thanks for sharing!
99% of the prediction will be off obviously. It's still fun to follow them like you say. But hey, maybe this one will be the lucky one and we will have a 400K Bitcoin. :D
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Almost fun to see these predictions.
Good write up!
I wouldn't mind selling in 2025, when it's at 341K. Will try to HODL as long as I can, although I can't promise to sell when BTC reaches 100k ;<)
Oh and before I forget, I actually like Litecoin quite a lot. It's probably the crypto that I made the most profit on, after buying loads in December 2018 ( it helped me pay for renovations on my house here in Portugal so I'm grateful for that ).
That would be insanely good!
It’s a little strange that they’re predicting a massive 5-year BTC rally, followed by a tepid 5-year yawn.
So funny. How one can even imagine he is able to predict something for the year 2033 ?
This is crypto !
Doing even 2026 predictions would be a total insanity to me
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As someone who holds more LTC than any other coin, I'd love to see it reach $2k. But what a rubbish prediction.
In all honesty, I'd love to see LTC simply reach $100 again.
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Well, I predicted that BTC on the CRIMEX would be used solely to limit price advances...
The 'futures contracts' (iirc) are basically calling for $11k in BTC. That was the furthest out I saw, but of course, if they keep selling 'futures' then it could change.
This is why I am almost solely into "Blue Chip Alts"