Analysts of the Canadian bank RBC Capital Markets Mitch Steves and Amit Daryanani believe that the current take-off of the cryptocurrency segment – this is just the beginning of the road. This is written by Yahoo Finance.
“We think that in the short term, something is difficult to predict,” they wrote in a research note. “But in the long term, the Crypto currency will remain and, most likely, will become a major market. Our long-term valuation of the Crypto-currency segment is $ 10 trillion, against today’s $ 500 bn. “
Recently, analysts and experts are giving more and more optimistic forecasts about the future of the cryptocurrency market. Many of them were forced to reconsider their forecasts, as their expectations came true much earlier than they expected. Thus, the head of Point of View Ronnie Moas, who in early November claimed that bitcoin would grow to $ 11,000 in 2018, at the end of the month raised his forecast to $ 14,000. This mark was reached in a few days.
The legendary hedge fund manager Mike Novogratz expected that this year the exchange rate of the cryptocurrency would rise to $ 10,000. Bitcoin exceeded his expectations by almost 2 times.
And one of the most courageous forecasters to date is the founder of Social Capital Chamat Palihapiti Chamat Palihapity. According to his calculations, the price of bitcoin can reach $ 100,000 in 4 years and $ 1 million in 20 years.