The bitcoin price has had a positive start to this decade, adding some 30% since the beginning of the year, and many traders and investors are feeling bullish. Now, one U.S. wealth manager has said he expects the bitcoin price to soar by almost 50-fold over the next ten years, meaning he thinks one bitcoin will be worth a staggering $400,000 by 2030—giving bitcoin a market capitalization of around $8 trillion. The bitcoin price has climbed by many thousands of percent over the last ten years and some expect ... [+] that to happen again of the next decade. "Whether it’s taking share from gold, or taking share from fiat, or taking share from offshore assets, or slightly demonetizing other stores of value like real estate or new uses that we haven’t thought of, or are still under construction, such as micro payments." CoinbaseHowever, Edstrom made a warning over the upcoming May bitcoin halving, suggesting it isn't necessarily something that's fundamentally good for bitcoin or the bitcoin price.

Source: Forbes February 05, 2020 00:59 UTC