Bitcoin(BTC) Has What It Takes To Hit 100,000USD Price In The Next Two Years

Introduction

Bitcoin (BTC) is known as the main open-source, shared advanced cryptographic money that was created and discharged by a gathering of obscure autonomous software engineers named Satoshi Nakamoto in 2008. Cryptocoin doesn’t have any unified server utilized for its giving, exchanges, and storing, as it utilizes an appropriated organize open database innovation named blockchain, which requires an electronic mark and is upheld by a proof-of-work convention to give the security and authenticity of cash exchanges. Bitcoin issuing is by only clients with mining abilities and is restricted to 21 million coins.

8,000 Bitcoin ATMs Deployed World Wild: A Major Step For Global Acceptance

Purchasing and selling digital currency is accessible through extraordinary Bitcoin exchange platforms or ATMs.The number of crypto ATMs worldwide has grown to more than 8,000, just months after passing the 7,000 marks in March. According to monitoring resource CoinATMRader, there are currently 8,208 ATMs in 73 countries allowing users to buy and sell Bitcoin (BTC) and altcoins for cash. More than 6,000 of them are in the United States. Depending on the ATM, crypto holders can purchase and withdraw Bitcoin Cash (BCH), Ether (ETH), Dash, Litecoin (LTC), Zcash (ZEC), Monero (XMR), Dogecoin (DOGE), Tether (USDT) and RXP.

Since March the number of Bitcoin ATMs deployed has risen to a 17% increase when it was reported that there exist more 7000 by Cointelegraph, this has triggered growing global reception for the coin. However much of the increase was in the United States. CoinATMRadar’s data shows the number of BTMsin Switzerland, Austria and the U.K. As of now Bitcoin’s market cap surpasses $173 billion.

Bitcoin Price Performance Within The Past Three Months

Bitcoin trading price opened at 5,227.11USD on March 18, 2020, and closed at 9,480.26USD on June. The difference in trading price amounts to 4,253.15USD  this results in a percentage increase of 81.37%.

Trader/Analyst Predictions Of Bitcoins Growth

There are a number of predictions concerning Bitcoin for both long and short time made by its most popular industry followers.

Anthony Pompliano Predicted $100,000 by 2021

Anthony Pompliano is a well Anthony Pompliano is a well-known Bitcoin personality. He’s a founder and partner at Morgan Creek Digital, a crypto-friendly asset management firm for institutional investors. He has previously claimed that he holds more than 50% of his net worth in Bitcoin, showing his belief in the cryptocurrency

Pompliano has predicted that Bitcoin will hit At the time of the prediction (February 2020), Bitcoin had just reached the $10,000 mark, meaning the currency would need a 1,000% increase — within just two years — to reach his target. His prediction would put the market cap of Bitcoin at more than $2 trillion

Tom Lee Predicted A Rise To $91,000 by 2020

Tom Lee Co-founder of the market strategy firm Fundstrat Global Advisors, and a well-known bitcoin bull. Lee initially set a Bitcoin price target for $11,500 for mid-2018, and then increased it to $20,000 as the cryptocurrency’s intrinsic value increased. These targets were instead achieved by the end of 2017.

He recently upped his prediction again, stating that Bitcoin’s price will reach $91,000 by March 2020, on the basis of a chart that shows Bitcoin’s (BTC) performances after past market dips. Lee and Fundstrat used an average of the percentage gained in price after each dip to arrive at the 2020 figure.

Ronnie Moas – $50,000 By 2020

Ronnie Moas is the founder and director of research at Standpoint Research, an equity research firm accounting for both traditional investments and new-time ones. Moas is an avid Twitter user and Wall Street analyst who has been featured on dozens of TV and radio interviews and holds an MBA in finance.

Moas projects that Bitcoin will reach a price of $50,000 by late 2020. He also believes that the market cap of all cryptocurrencies will burst up to a whopping $2 trillion (from the current $150 billion) within the next 10 years. Moas has also compared the wealth proposition of cryptocurrencies to that of the dot-com boom.

Tai Lopez-$60,000 Mid Term

Tai Lopez is a renowned investor and internet marketing expert, famed for a viral video he had filmed in his garage. He believes that if a small portion (1%) of the assets of millionaires globally is invested into Bitcoin in the upcoming months, the price of Bitcoin could justifiably grow to around $60,000.

Given that the adoption of Bitcoin as a store of value and a medium of exchange within the global finance market is increasing exponentially, $60,000 remains a viable mid-term price target even for conservative investors. Only time will tell when/if this prediction is reached, though.

Conclusion

Investors are to take advantage now and make good their investment in Bitcoin (BTC) both in the long and short term.

All opinions expressed in the above article are solely of the author’s and do not reflect the opinion of the Global Crypto Alliance Ltd., any of its affiliations or any other company. This article is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. The Global Crypto Alliance Ltd. strongly recommends that readers conduct their own research and due diligence into the company, product or service, if any, that may be mentioned in the above content.