Sirlibz
Adams Backs, the CEO of Blockstream and also a Bitcoin Maximalist released a tweet where he stated that he believes that Bitcoin Market cap would likely see $1 Trillion leaving the price of Bitcoin at $50,000.In the tweet, he also said it is possible that it would come sooner than 2 years.
The tweet was a comment made in regards to a Forbes article where a major Tesla investor had predicted that Bitcoin would be worth more than $1 Trillion in 5 to10 years.
The prediction was made by Yassine Elmandjra, an investment management Analyst in Ark, they are popular for predicting a price target for Tesla.
“Bitcoin offers one of the most compelling risk-reward profiles among assets, as our analysis suggests it should scale from roughly $200 billion today to $1-5 trillion network capitalization during the next five to ten years,” Ark Investment Management analyst, Yassine Elmandjra, wrote in a report out last month, adding that investors shouldn’t ignore bitcoin as an asset class.
“Our analysis suggests bitcoin is early on its path to monetization, with substantial appreciation potential,” Elmandjra wrote. “In our view, bitcoin’s $200 billion market capitalization—or network value—will scale more than an order of magnitude to the trillions during the next decade.”
Best Performing Asset.
Bitcoin has maintained it’s post as the best performing in the last decade, irrespective of the fact that it did pump to over $20,000 and is currently sitting at $10,898. It is interesting to still see individuals and investment Analysis firms to still maintain their Bullish view on Bitcoin.
