Economist Steve Hanke: Bitcoin Is Not a Currency, It’s a ...

Crypto Research expects multiple Bitcoin growth by 2025–2030

Experts from Crypto Research predicted how many years investors should wait for a multiple increase in the rate of the first cryptocurrency and what would happen to altcoins in this case.
Bitcoin can rise up to $341 thousand by 2025, and up to $397 thousand by 2030. The calculations are based on the concept of the total volume of target market (Total Addressable Market), which includes money transfers, offshore accounts, savings, online transactions, cryptocurrency trading, blockchain games, consumer loans, reserve currencies, etc.
The researchers are sure that in case Bitcoin grows, altcoins will also rise in price. According to their forecasts, in five years the Ethereum rate may rise by 1,500% and exceed $3,500, and the cost of Bitcoin Cash – by 3,000%, up to $6,700. The greatest growth is expected from the Stellar token (XLM) – by 3800%, to $2.40.
In March, a similar forecast was provided by analysts at the Kraken exchange. According to their calculations, the rate of the first cryptocurrency can rise to $350,000 by 2044. This will happen as soon as the younger generation invests about $1 trillion in digital assets.
According to cryptanalyst Willy Woo, a new “exponential” BTC rally could begin in July. This is indicated by his new price model of Bitcoin.
Meanwhile, a well-known Bitcoin critic Peter Schiff rules out the possibility of repeating the BTC rally. According to him, in 2020 gold will rise in price to a new historical maximum, while Bitcoin no longer has the strength to grow.
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Featured Image from Shutterstock Economist Steve Hanke: Bitcoin Is Not a Currency, It's a "Speculative Asset" Share. Prev Post Bitcoin Price Analysis: BTC/USD Stuck In Consolidation, What To Expect? Next Post . Crypto Derivatives Volumes Crash 36% to $393 Billion in June, a Low for 2020. You might also like More from author. Analysis. Bitcoin Just Saw A Key Technical Breakout: Big Reaction ... The well-known economist Steve Hanke believes that Bitcoin is actually a speculative asset, rather than real currency, so let’s read more on what he thought in the Bitcoin news today.. If you have read Satoshi Nakamoto’s original whitepaper, the takeaway is that BTC is a currency: “We have proposed a system for electronic transactions without relying on trust. Wirtschaftswissenschaftler widerlegt die Aussage, dass Bitcoin eine Währung ist. Am 4. Juli sagte Steve Hanke, ein Wirtschaftswissenschaftler an der John Hopkins Universität und Devisenhändler, dass er Bitcoin nicht für eine Währung hält. “#Bitcoin ist keine Währung, es ist ein spekulativer Vermögenswert. Damit eine #Krypto ... Steve Hanke, a professor of applied economics at Johns Hopkins University, once again took aim at Bitcoiners in his Oct. 5 tweet, pointing to a recent study that is supposed to expose their financial illiteracy. Hanke used the old adage about a sucker being born every minute that is widely attributed to American showman and businessman P.T. Barnum. • Professor Steve Hanke mocks Bitcoiners for being financially illiterate Cover image via www.facebook.com Steve Hanke, a professor of applied economics at . 11.7 C. Amsterdam. 5 October 2020. Home; News. News. Bitcoin Is for Suckers, Says Professor Steve Hanke. 5 October 2020. News. Bitcoin Technical Analysis: BTC/USD Poised For Recovery Above… 5 October 2020. News. Cardano’s Charles ...

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