General manager of the Digital Chamber of Commerce, Bitcoin He is of the opinion that if the adoption of (BTC) continues at the current pace, it will experience a significant increase by 2029.
Crypto Perianne Boring, founder and CEO of the advocacy group, says in a new interview that BTC’s fair value price is likely somewhere between $100,000 and $210,000 per token.
Koinfinans.com According to Boring, as we reported, the combination of mass adoption and limited supply will greatly boost the top crypto asset by market cap price over the next five years.
“We use valuation models to try to understand what Bitcoin is worth today. We all know what price is… but the real question we need to understand, the question investors need to understand, is what is value? We use four different valuation models.
Today, the price of Bitcoin is valued between $100,000 and $210,000 per BTC. We also apply an S-curve analysis to look at the long-term adoption of Bitcoin. Currently, approximately 40% of US households have allocated and owned some form of cryptocurrency today.
We are on track for 90% adoption by 2029. “Once we get to that 90% adoption rate, prices could go up to $1 million per coin because, again, Bitcoin has a finite supply, which is a key feature of this technology.”
Bitcoin is trading at $42,987 at the time of writing. This figure showed a partial increase during the day. A rally towards Boring’s target would mean an increase of approximately 2,200% for the flagship digital asset.