New Study Provides Bullish Outlook on Bitcoin, Claiming $98,000 Possible

New Study Provides Bullish Outlook on Bitcoin, Claiming $98,000 Possible

According to the new research done by the initial coin offer (ICO) consultant firm Satis Group, the cost of Bitcoin (BTC) could potentially reach $ 98,000 in the next five years. The report written by Sherwin Dowlat and Michael Hodapp represents the fourth part of a five-part series covering the crypto space.

It has been said in the report that, in the next five years, in context of the above trends in cryptocurrencies, BTC will reach $ 96,000, Monero (XMR) will reach $ 18,000, and Decred (DCR) will reach $ 535.

Bitcoin Cash (BCH) estimates that “[Attempts] to get brand recognition”  provide minimal technical benefits to candidates. “crypto assets, which are centralized ownership, will estimate a price with an estimated Ripple (XRP) worth $ 0.01.

The research team estimates that in 2028, the Ethereum “platform network” will lose the share of almost half the stake.

The latest study also extends on the valuation of the crypto assets required to support the estimated economic and provides market conditions for the next ten years.

According to the report, the value of crypto assets required to support the economy will increase from about $ 500 billion next year to $ 3.6 trillion by 2028, while in the next ten years, 90 percent of crypto assets will be removed from the entry of offshore deposits.

Earlier this month, Sanford C. Bernstein and Company Co. suggested revealed that the revenue generated by cryptocurrency exchanges could be more than $ 4 billion in 2018, while for the second quarter of 2018, the ICO market report of ICO rating revealed that the ICO market was more than doubled in one year.

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