Confidence comes from Blockstream CEO Adam Black to see Bitcoin price reach US$10 million, but with certain conditions. Previously, ARK Invest CEO Cathie Wood saw the price of the main crypto could shoot up over US$1 million by 2030, as adoption continues to increase among institutional investors.
Bitcoin Price Requirements Become US$10 Million
Based on the Cointelegraph report, Adam Black believes that the price of BTC will be able to shoot up to US$10 million per coin by the end of the sixth halving moment in 2032.
Based on the Cointelegraph report, Adam Black believes that the price of BTC will be able to shoot up to US$10 million per coin by the end of the sixth halving moment in 2032. Adam also saw that, the price of Bitcoin tends to double on average from year to year since 10 years ago, in 2013.
If the trend continues, the CEO of Blockstream sees an opportunity for BTC's price to shoot into the eight digits, along with a jump in its market cap to US$200 trillion. It will take about nine years.
He underlined that, all of this can be realized as long as BTC's layer-2 (L2) network continues to improve and improve, and its wallet infrastructure needs to be tracked quickly and innovate more.
“I think things are going to get interesting over the next two parts and fast, we don't have much time to measure technology. We need a place for the next billion users to have their own UTXO, their own key, with sensor-resistant cold storage, without compromising the security of the main chain,” said Adam.
Adam also underlined that the Bitcoin network will probably need a sidechain as a tradeoff and maximize the use of the L2 Lightning Network.
Apart from that, Adam also claimed that, only about 1 to 2 percent of the world's population has adopted Bitcoin. It can still grow even more and institutional investors will accumulate more BTC into their cold storage , stored for the long term.
“Given the volatility, I think Bitcoin can go wild and take advantage of one of these US$100-300 trillion market caps, repair [the fall in price] and then regain more stable adoption over time…,” he added. Additionally, Adam reckons that major adoption will come to Bitcoin due to what it calls “Hyperbitcoinization.” This was the time when people suffering from hyperinflation started running into Bitcoins.
Confidence comes from Blockstream CEO Adam Black to see Bitcoin price reach US$10 million, but with certain conditions.
Previously, ARK Invest CEO Cathie Wood saw the price of the main crypto could shoot up over US$1 million by 2030, as adoption continues to increase among institutional investors.
Bitcoin Price Requirements Become US$10 Million
Based on the Cointelegraph report, Adam Black believes that the price of BTC will be able to shoot up to US$10 million per coin by the end of the sixth halving moment in 2032.
Based on the Cointelegraph report, Adam Black believes that the price of BTC will be able to shoot up to US$10 million per coin by the end of the sixth halving moment in 2032. Adam also saw that, the price of Bitcoin tends to double on average from year to year since 10 years ago, in 2013.
If the trend continues, the CEO of Blockstream sees an opportunity for BTC's price to shoot into the eight digits, along with a jump in its market cap to US$200 trillion. It will take about nine years.
He underlined that, all of this can be realized as long as BTC's layer-2 (L2) network continues to improve and improve, and its wallet infrastructure needs to be tracked quickly and innovate more.
“I think things are going to get interesting over the next two parts and fast, we don't have much time to measure technology. We need a place for the next billion users to have their own UTXO, their own key, with sensor-resistant cold storage, without compromising the security of the main chain,” said Adam.
Adam also underlined that the Bitcoin network will probably need a sidechain as a tradeoff and maximize the use of the L2 Lightning Network.
Apart from that, Adam also claimed that, only about 1 to 2 percent of the world's population has adopted Bitcoin. It can still grow even more and institutional investors will accumulate more BTC into their cold storage , stored for the long term.
“Given the volatility, I think Bitcoin can go wild and take advantage of one of these US$100-300 trillion market caps, repair [the fall in price] and then regain more stable adoption over time…,” he added. Additionally, Adam reckons that major adoption will come to Bitcoin due to what it calls “Hyperbitcoinization.” This was the time when people suffering from hyperinflation started running into Bitcoins.
Confidence comes from Blockstream CEO Adam Black to see Bitcoin price reach US$10 million, but with certain conditions.
Previously, ARK Invest CEO Cathie Wood saw the price of the main crypto could shoot up over US$1 million by 2030, as adoption continues to increase among institutional investors.
Bitcoin Price Requirements Become US$10 Million
Based on the Cointelegraph report, Adam Black believes that the price of BTC will be able to shoot up to US$10 million per coin by the end of the sixth halving moment in 2032.
Based on the Cointelegraph report, Adam Black believes that the price of BTC will be able to shoot up to US$10 million per coin by the end of the sixth halving moment in 2032. Adam also saw that, the price of Bitcoin tends to double on average from year to year since 10 years ago, in 2013.
If the trend continues, the CEO of Blockstream sees an opportunity for BTC's price to shoot into the eight digits, along with a jump in its market cap to US$200 trillion. It will take about nine years.
He underlined that, all of this can be realized as long as BTC's layer-2 (L2) network continues to improve and improve, and its wallet infrastructure needs to be tracked quickly and innovate more.
“I think things are going to get interesting over the next two parts and fast, we don't have much time to measure technology. We need a place for the next billion users to have their own UTXO, their own key, with sensor-resistant cold storage, without compromising the security of the main chain,” said Adam.
Adam also underlined that the Bitcoin network will probably need a sidechain as a tradeoff and maximize the use of the L2 Lightning Network.
Apart from that, Adam also claimed that, only about 1 to 2 percent of the world's population has adopted Bitcoin. It can still grow even more and institutional investors will accumulate more BTC into their cold storage , stored for the long term.
“Given the volatility, I think Bitcoin can go wild and take advantage of one of these US$100-300 trillion market caps, repair [the fall in price] and then regain more stable adoption over time…,” he added. Additionally, Adam reckons that major adoption will come to Bitcoin due to what it calls “Hyperbitcoinization.” This was the time when people suffering from hyperinflation started running into Bitcoins.
@amryksr you repeated your article seems you got confused or kinda sleepy when u posted go through it once again and see. Make correction and republish thank you.👍👍
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