Satis Crypto Market Predictions: $500 Billion in 2019, $1 Trillion by 2021
Satis Group, an advisory firm, has issued an ICO and published a report that makes several predictions for the cryptocurrency industry. One prediction is that the total market capitalization of all cryptocurrencies combined will exceed $3.6 trillion by 2028.
A report, entitled Cryptoasset Market Coverage Initiation: Valuation, outlines a number of predictions for the virtual currency markets. The report assets that over 90 percent of “cryptoasset value will be derived from penetration of offshore deposits in the next decade” and it anticipates that such a state will propel the market capitalization of all cryptocurrency markets from $236 billion today, to $3.57 trillion in 2028.
Satis Group also predicts that the total market capitalization will be $509 next year and that the market cap will reach over $1 trillion. The report also finds that BTC will be trading at $32,913 during the next year, $96,378 in five years, and $143,900 in 2028.
Not all is good news though – Satis Group has released a poor outlook for “cryptoassets which attempt to inherit brand recognition and provide minimal technological advantage to incumbents” in addition to “cryptoassets which are misleadingly marketed, not needed within their own network, and have centralized ownership/validation.”
The report added that
“utility application-specific networks hold very little value, in their current construct” because of the “high velocity of these applications combined with a lack of value-retaining construct” will lead to a failure to garner significant use and a decrease “in value.” The platform also states that “the largest upside we see in the entire crypto asset market is in the privacy sector.”
The report also finds that,
“The use cases within the privacy markets are incredibly sticky and feed on adoption, especially when regulators and law enforcement are making efforts to increase forensic penetration into public networks.”