Bitcoin’s First Full Market Cycle Could End With Bitcoin Being Worth $150,000 And a $3 Trillion Cap
- Bitcoin could be traded around $150,000 in the next few years
- The digital currency could also enter a bear market after hard regulations in 2021
Investors are now thinking about what is going to happen with Bitcoin in the next years and how it will be finishing the first 16 years in the market. Although it is difficult to predict a certain outcome, there are some analysts making some suppositions about that. The cryptocurrency trader and entrepreneur Bob Loukas said that Bitcoin (BTC) could be worth over $150,000 and have a market capitalization of $3 trillion.
Could Bitcoin Reach $150,000?
The entrepreneur and trader Bob Loukas wrote a series of Tweets in which he says that Bitcoin could have a market capitalization of over $3 trillion with a price per coin of around $150k. He explained that there is going to be retirement money that will be followed by a working layer 2 payments capability.
As Loukas explains, once that happens, Bitcoin will become enough of an establishment threat for governments to attack. Indeed, it would be very harmful to the economy if the government decides to ban or regulate Bitcoin in an extreme way if pension funds and other investment offices placed their funds on the asset.
Once we see Bitcoin > $150k ($3T market cap), with broad institutional participation, ETF's, retirement money, which is then followed by a working layer 2 payments capability, Bitcoin will become enough of an establishment threat for them to attack.
— Bob Loukas (@BobLoukas) June 13, 2019
A Five Year Bear Market?
As he explained, it is possible to expect heavy and coordinated regulation and/or outlawing of Bitcoin. That would mean that the bull market will have a top and that a new bear market would start, close to 2021. As Loukas explains, this bear market will continue during the next 5 years between 2021 and 2026.
About it, Loukas wrote:
“Bitcoin suffers a prolong and sustained bear market as a result. 2021-2026. Completing the first 16-year Cycle. Taking a lot off the table at the next top will be extremely important.”
In order for Bitcoin to reach that level, the digital currency would have to increase 1626% in the coming years. Which is not something impossible for the digital currency that has experienced massive gains throughout the last years.
At the time of writing, Bitcoin is being traded around $8,700 and it has a market capitalization of $154 billion. In the last 24 hours, the Bitcoin price surged 5.57% according to data from CoinMarketCap.