Bitcoin is trading in the green today and at the moment of writing this article, BTC is priced at $9,252.03.
There have been lots of speculations about the price of Bitcoin 10 years from now.
Bitcoin’s price in 10 years
The past 10 years have seen BTC go up and down in price various times, it saw 2 halvings, and it even hit an ATH of $20,000.
The new decade of BTC basically kicked off with the third halving of the coin and this means that we can expect massive things in the future.
The online publication Invezz notes that analysts at Crypto Research Report have decided to make their own assessment by using BTC’s target addressable market.
They ended up predicting a surge that would take the king coin to $400k by 2030.
This new report came out earlier this month and it includes BTC, and more altcoins such as Ethereum, Litecoin, Bitcoin Cash, and Stellar.
The report talks about a massive surge that would take place by 2025 and expects it to last at least 5 years.
Also, the notes state that Bitcoin is now only at the beginning of its adoption curve and “according to its price in late 2019 — $7,200 — BTC has likely only penetrated 0.44% of the addressable markets, or maybe even less than that.”
We recommend that you check out the complete report in order to learn more details.
Bitcoin is poised for a correction
In other news, we recently revealed that a crypto strategist who is known for accurately predicting the Bitcoin bear market bottom back in 2018 said that Bitcoin is about to see a significant correction.
btc and equites correlation.
i’ts hard to deny that since the feb corona virus top equites and btc have been HIGHLY correlated to each other.
I was bullish on btc here but am beginning to think a 5 wave move up and larger abc down may now be underway. pic.twitter.com/HQUqpHnHl7
— 🍄🌲Benjamin Blunts🌲🍄 (@SmartContracter) June 16, 2020
At the moment, Bitcoin continues to move in tandem with the stock market.