Bitcoin (BTC) To Hit $144,000 USD In 10 Years And Ethereum To Lose Steam, Analysts Affirm
A recent report from the Satis Group, which is an advisory firm that offers ICO services, states that Bitcoin is headed for a decade of price surges that will take it to its new all-time high despite the recent setbacks that the currency suffered and its current bear market sentiment.
Bitcoin, Monero And Dash To Grow
The report was titled “Cryptoasset Market Coverage: Valuation” and it indicates that Bitcoin will reach a normal all-time high at the end of 2019: around $33,000 USD, which would represent 400% more than it is valued today at the current $7,000 USD price range. In three years, the report indicates that Bitcoin could be priced at about $72,000 USD.
If the bullish sentiment holds for five years, the price could as high as $96,000 USD and it would reach $144,000 USD after a bull run of 10 years. Some tokens like Monero (XMR) will also have a good bull run and could rise over 38,000% in the next ten years, which could take the asset from $103 USD to almost $40,000 USD in the period.
The same could be said about Dash, which can go from $188 USD to $2,927 USD if you believe the analysts, having a 1,459% increase in price.
Ethereum To Lose Value
Not all cryptos will actually gain value, though, and it looks like Ethereum might be on the list of the losers. The Satis report suggests that some cryptos like Bitcoin Cash (BCH) will not be winning and will drop from its price to $558 USD to $180 USD in the next 10 years. Ripple (XRP) will also drop from its current price of $0.30 USD to $0.004 USD.
Ethereum, Satis explains, is focused on apps and networks, however, they do not have a lot of value at the moment, so it looks like Ethereum (ETH and EOS will likely see a decline in price as they face issues and government regulation.