![]() ![]() The total number of bitcoin wallets at that time stood at 36 million. However, this has not decreased the total number of bitcoin wallets. Technological advances are making it easier for new investors to enter the market. This has given rise to the creation of many new investors who follow the trend of investing in cryptocurrencies. In the past few years, more and more people have been investing in bitcoin despite its high price volatility. The cryptocurrency is expected to steadily continue its growth throughout the decade, with increasing demand from investors and growing acceptance from banks and financial institutions.īy 2024, 80 million bitcoin wallets will have been created. Some predictions that have been made by different experts point to a scenario where it will end up being used as a national currency in the future or even replace national currencies altogether. BITCOIN EXPERT PREDICTIONS SERIESThe prediction was made after a series of forums were held at the Deutsche Bundesbank’s headquarters in Germany, where it recruited representatives from various banks to discuss the advantages and challenges related to virtual currencies.īy 2023, bitcoin will be accepted as legal tender in all countries of the world. The rising popularity of cryptocurrencies will make traditional financial services obsolete by 2025. The world of banking can no longer ignore the prospects offered by virtual currencies, for the time has come to take action and begin researching how bitcoin and its peers can create new opportunities. Experts predict that bitcoin will play a pivotal role in shaping the future of global monetary transactions, with some predicting its market cap to surpass traditional finance giants such as Goldman Sachs, Morgan Stanley and even Facebook. The entry of bitcoin into the mainstream will have a significant impact on the traditional finance sector. There are some who claim that the price of bitcoin could reach as high as $200,000. Bitcoin has already successfully created a number of millionaires worldwide, with many more expected to follow in their footsteps as the cryptocurrency continues its ascent from obscurity into mainstream currency status. Experts predict that bitcoin’s market capitalization could reach $400 billion by 2025. Bitcoin is predicted to grow by leaps and bounds in the coming years. Bitcoin, for one, will have a market cap of $400 billion when 2025 comes to a close. As Cointelegraph reported, Bitcoin was closing in on $53,000 on Tuesday, the day El Salvador adopted the largest cryptocurrency as legal tender, before taking a sharp dive to $43,000.In 2025, cryptocurrencies will be the go-to payment option for most goods and services. ![]() Spanos said that “there’s essentially a fire sale as a result of the dip, will almost certainly prove to be a great move.”īitcoin’s price is nearing $46,400 at the time of writing. Related: El Salvador buys the dip as Bitcoin price flash crashes to $42.9K ![]() Spanos backed the idea of a $100,000 Bitcoin price at the end of the year, adding that Ether is also looking to hit $10,000 by then. He believes in it: he bought the dip, as everyone should be.” I’m in El Salvador right now and things are looking spectacular,” he said, adding: “So here we have a president who is breaking new ground, like a top CEO, rolling out innovation. “Big finance and the media say it’s because there was a bumpy rollout in El Salvador. Nick Spanos, one of the first BTC exchange operators and co-founder of Zap Protocol, defined the Tuesday crash in the crypto market as a false dip. The research team said that Ether is “structurally” valued at $26,000–$35,000 - 10 times its current price - but BTC must reach $175,000 for that to occur. In a new report by Standard Chartered’s cryptocurrency research unit, Bitcoin is predicted to hit $100,000 “in late 2021 or early 2022,” accompanied by a huge Ether ( ETH) price spike. Industry experts see Tuesday’s crypto market plunge as a “false dip” while reiterating the $100,000 Bitcoin ( BTC) price for the end of the year. ![]()
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11/6/2023 10:18:19 am
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