- Most crypto experts believe that Bitcoin will exceed gold in market capitalization.
- Saylor’s 100X Bitcoin growth projection is very long-term.
Analysts have a wide range of views on the future value of Bitcoin. However, many are even more bullish, predicting that Bitcoin (BTC) will hit $1 million in value within the next decade. Forecasts and crypto expert perspectives predict that Bitcoin values will continue to grow and reach between $500,000 and $1 million during the next decade. A group of analysts is specific that Bitcoin will ultimately hit $100K, with some predicting that it will do so by the end of 2022. Famous analyst Crypto Rover recently tweeted that bitcoin will likely hit $100,000 within 10 months.
#Bitcoin will likely hit $100,000 within 10 months!
— Crypto Rover (@rovercrc) April 5, 2022
Multiple Factors to Affect the Rise
The most widely used and most prominent cryptocurrency is Bitcoin. In the previous year, its value surged by more than 400%, making up 40.54 percent of the overall market capitalization of the cryptocurrency industry. Most crypto experts believe that Bitcoin will exceed gold in market capitalization and become the de facto standard store of value by 2030, with prices expected to rise much further.
According to MicroStrategy CEO Michael Saylor, Bitcoin’s market capitalization might one day reach $100 trillion, pricing each BTC currency at $4.76 million apiece. Even though Saylor’s 100X Bitcoin growth projection is very long-term, it validates the idea that Bitcoin prices will continue to climb eternally.
Cryptocurrency analysts believe that Bitcoin (BTC) prices will be affected by several variables, including implementing CBDCs by governments, forthcoming halving events, and an infusion of institutional investors. According to CoinMarketCap, the Bitcoin price today is $45,812.93 USD with a 24-hour trading volume of $31,181,969,603 USD. Bitcoin is up 0.11% in the last 24 hours.
