Dan Held, a leading analyst at Kraken, one of the world’s largest cryptocurrency exchanges, Bitcoin (BTC) made a new prediction for
Held, Kraken’s marketing manager for growth, stated that Bitcoin’s rise will continue for years, stating that it may eventually reach a market value of between $ 50 trillion and $ 150 trillion.
Bitcoin Is Treated Like Real Estate
Stating that Bitcoin needs to be the global reserve currency or Gold 2.0 to achieve this, Held believes in BTC until the end.
According to the famous analyst, the total market value of gold is close to 10 trillion dollars and the total nominal money in circulation corresponds to 60 trillion dollars. In addition, Held stated that the total value of the real estate sector is over 250 trillion dollars.
“If anyone wants to invest $10 million in buying a property in London, they may be making that money because real estate investing has so much to do with Bitcoin, and it’s limited or semi-constrained supply and strong property rights.”
Bitcoin’s market cap has recently risen to $1.04 trillion again, but $50 trillion seems like a dream for now.
For this to happen, the unit price of Bitcoin must reach a level of $ 2,750 million. Despite this, the fact that BTC is at an incredible level compared to three years ago shows that Held may be right.