world’s largest cryptocurrency exchange Binancestablecoin of BUSDafter the suspension of export bitcoin And altcoinThere have been retreats.
Throwing a needle up to the levels of $ 21,400 BTC continues its downward trend.
While the dips are happening and investors continue to be nervous about the dips, the Bitcoin development firm Adam Back, Founder and CEO of Blockstream It came up with the Bitcoin prediction.
Legendary predicting that Bitcoin’s market cap could reach $200 trillion in the next nine years bitcoin expert examined the trend of BTC over the years.
Adam Back, who said that BTC increased by an average of 2,036 times a year between January 2013 and December 2022, examined the halving event in Bitcoin.
Famous CEO, if this upward trend in Bitocin continues BTC He claimed that its price could reach $10 million by the end of the next two halvings.
“Earlier this year, I was wondering about the “average 2x Bitcoin per year” claim.
This is the result I reached by doing the following checks:
Between January 2013 and December 2022, Bitcoin increased 2,036 times per year (1200 times in ten years).
If this upward trend continues, we will surpass BTC $10 million and $200 trillion market cap at the end of 2 halvings in about 9 years.”
It is important to note that halvings have historically acted as catalysts for major bull markets in the leading cryptocurrency BTC and ignited bull runs in the crypto market on a larger scale.
The legendary name also believes that only 1-2% of the population currently has exposure to Bitcoin, and BTC He added that he believes investors will start “stacking” BTC into cold storage wallets in the coming days as its supply continues to dwindle.
“I think Bitcoin’s market cap could wildly exceed and touch one of these $100-300 trillion market caps.”
early this year i was curious of the claim “bitcoin 2x’s per year on average”. it checks: the decade jan 2013 – dec 2022 #bitcoins went up 2.036x/year (1200x in a decade). if that continues we’ll cross $10mil/BTC and $200 tril market cap by end of next 2 halvenings, about 9 years. pic.twitter.com/mqmO2SRdAv
— Adam Back (@adam3us) February 12, 2023
*Not investment advice.
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