Bitcoin Bold Prediction: BTC Targets $5 Trillion In Market Cap
There have been all kinds of bold predictions made about the price of the king coin, and a recent one was that Bitcoin would hit $5 million.
Just the other day, we reported that this mind-blowing prediction came from a popular Bitcoin analyst and influencer – he said that the king coin could reach $5 million!
The online publication the Daily Hodl notes that the pseudonymous analyst, known in the industry as Carl the Moon, said in a new interview that this extremely bold prediction depends on the future of fiat money.
Bitcoin could hit $5 trillion in market cap
Now, another jaw-dropping prediction surfaced, and it’s been detailed by the same online publication mentioned above.
They revealed that there’s an investment firm that predicted Tesla’s meteoric rise, which is extremely bullish on Bitcoin.
They just said that the king coin would reach a market cap of $5 trillion.
New York-based thematic investment firm ARK Invest is seeing massive growth for Bitcoin despite the volatility and the bull runs that have already defied expectations.
“Our analysis suggests Bitcoin is early on its path to monetization, with substantial appreciation potential. 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.”
ARK Invest pointed out the fact that the adoption of the king coin “as a global settlement network, as a protection against asset seizure, as digital gold, or as a catalyst for demonetization in emerging markets,” can definitely fuel the massive potential for such mind-blowing growth.
Risks that threat Bitcoin’s exponential growth
They also addressed a few risks that could threaten Bitcoin’s journey to the moon.
Among the risks mentioned above, they included the following: security breached, institutional mismanagement, regulatory uncertainty, and “over-institutionalization.”
Despite the existence of these risks, ARK Invest also made sure to highlight the massive potential of BTC to print enormous gains in a decade.
We recommend that you check out their official notes in order to learn all the details that they are addressing.
At the moment of writing this article, BTC is trading in the green, and the coin is priced at $10,634.86.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.