Comprehensive Analysis Predicts Bitcoin Price Near $20K This Year, $398K by 2030
The June edition of the Crypto Research Report (CRR) reveals price predictions for several cryptocurrencies: bitcoin, bitcoin cash, ethereum, litecoin, and stellar. This is the 10th publication of the CRR report and it covers a popular valuation method used to forecast bitcoin’s future price called the “equation of exchange” model.
Noting that “The absolute valuation approach is inspired by Mill’s equation of exchange, later formulated by Irving Fisher,” the CRR team detailed: After examining “all the variables and addressable markets,” the CRR researchers arrived at future price estimates for BTC, ETH, LTC, BCH, and XLM. The largest use case for cryptocurrencies is as a medium of exchange, the CRR research team found, elaborating: We believe that bitcoin is still at the very start of its adoption curve.
