As the adoption and use of the leading cryptocurrency Bitcoin continues to increase, this is reflected in its price.
At this point, while bolder predictions about the price are coming, the last prediction came from Bitcoin advocate Apollo co-founder Thomas Fahrer.
Sharing his bold prediction from his X account, Fahrer said that 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 expects the BTC price to increase significantly as investments increase.
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.
