Satis Group, which provides consulting services in the field of ICO, has made a forecast about the future value of bitcoin and other cryptocurrencies.
Researchers Sherwin Dowlat and Michael Hodapp of Satis Group tried to predict how much different cryptocurrencies will be worth in five years. They believe that the bitcoin (Bitcoin: BITCOIN) rate will reach $96,000 by 2023. According to the researchers, a take-off also awaits Monero (BITFINEX: XMR/USD.BITFINEX) and Decred, as they offer unique opportunities in major markets.
However, many other digital currencies have received disappointing forecasts. For example, researchers believe that Bitcoin Cash (EXANTE: BCH.EXANTE) will fall in price, and XRP (BITFINEX: XRP/USD) is headed towards a collapse as the virtual currency rate will fall to a critically low $0.01.
WHY IS IT IMPORTANT?
- High volatility is observed in the cryptocurrency market, and the forecasts of crypto experts vary greatly. Some believe that bitcoin will increase many times in price, skeptics suggest that a collapse is expected.
- Researchers from Satis Group took into account quality characteristics of the coins and not their speculative component. They see the greatest potential in crypto networks, which demonstrate organic growth and community development.