Bitcoin Is Poised To Beat Every Crypto Over The Next Ten Years
Despite the huge market volatility, the optimistic crypto-related predictions don’t stop pouring in the crypto space.
There are various forecasts, and the most popular one is that BTC will hit $100k by 2022.
There are also predictions claiming that BTC will be hitting $1 million and so on. These are just some of the more predictions claiming that BTC will become king in the financial sector.
Earlier today, we reported that one of the predictions claims that over the next decade, the most important coin in the market is set to reach a market cap of 8 trillion dollars.
It’s been revealed that there are various factors that could boost BTC. These include the following:
* fear of missing out on the part of speculators
* geopolitical events
* the devaluation of fiat currency and catalysts from banks
* central governments that create a tipping point and a “speculative attack” on fiat
Bitcoin to become the best performing crypto
Raoul Pal former executive at Goldman Sachs, predicted that BTC would become the best performing asset over the next ten years.
He said, “If I could only own one asset for the next ten years, it would be bitcoin $BTC. It encapsulates all of my larger macro views and feels like the point on the far horizon we are headed to, in some shape or form. Yes, like gold too and many other things, but BTC risk/reward beats all.”
He continued and said that it’s worth investing in BTC even if there’s a 1% chance of success.
“I know all these macro guys, they’re all in it. They get it. They get the optionality. They may be complete believers, part believers, partial believers. But even then, if it’s a 1% chance of being right and the upside is 100x from here, you’d do this all day.”
If I could only own one asset for the next 10 years, it would be bitcoin $BTC It encapsulates all of my larger macro views and feels like the point on the far horizon we are headed to, in some shape or form. Yes, like gold too and many other things but BTC risk/reward beats all.
— Raoul Pal (@RaoulGMI) January 31, 2020
At the moment of writing this article, BTC is trading in the green, and the most important coin is priced at $9,429.27.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.