Leading cryptocurrency BitcoinAs adoption and use continues to increase, this is also reflected in its price.
At this point, while more bold predictions are coming about the price, the last prediction is The Bitcoin advocate came from Apollo co-founder Thomas Fahrer.
Fahrer, who shared his bold prediction on his X account, He said he expects BTC to reach $3.5 million by 2030.
Basing his price forecast on significant growth expectations for global assets and the increasing adoption of Bitcoin as a store of value, Fahrer said that as investments increase, BTC He expects the price to increase significantly.
The Apollo partner estimates that Bitcoin accounts for 0.1% of the world’s wealth, but expects this rate to rise to 0.5%. With this increased allocation rate, the price could rise to $3.5 billion by 2030.
“Today Bitcoin accounts for 0.1% of world wealth.
It will be 5% by 2030.
Total global assets increased from $900 trillion to $1,500 trillion.
One Bitcoin = 0.05*1500 Tons / 21 Million = ~ 3.5 Million Dollars”
Bitcoin, which started the new week well, continues to be traded at $ 69,887 at the time of writing.
Watch it unfold.
Follow the adoption of #Bitcoin.
Daily coverage of all the flows 👇https://t.co/BVFbKVqvq8
—Thomas | heyapollo.com (@thomas_fahrer) June 3, 2024
*This is not investment advice.
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