Did you miss Shiba Inu (SHIB) and Dogecoin (DOGE)? This crypto could reach $1,360,000 by 2030 according to an American management company! – The ₿log

In 2017, John McAfee predicted that Bitcoin would reach $1 million, but by the end of 2020.

Bitcoin – a market cap of $28.5 trillion by 2030!

The bullish case for Bitcoin is simple: it was the first widely accepted cryptocurrency, and it remains by far the most popular. Bitcoin, with a market cap of $797 billion (as of April 21), accounts for 41% of the total value of all cryptocurrencies.

Additionally, Bitcoin has a limited supply of 21 million tokens, and any economist will tell you that scarcity increases the value of an asset. More precisely, the more the demand for a scarce good increases, the more the good appreciates.

Thereby Ark Invest predicts that by 2030 the Bitcoin market capitalization will reach $28.5 trillion. If that happens, each bitcoin will be worth around $1.36 million, which is a 33-fold increase in its size. current price $42,000 (April 21th).

A rise in Bitcoin driven by large institutions

According to a recent report by Fidelity, 71% of institutional investors plan to diversify into cryptos in the future, up from 59% last year. Even better, 37% of institutions currently own Bitcoin, making it the most popular cryptocurrency among them. Tesla and MicroStrategy, for example, owned the equivalent of $5.8 billion and $2.04 billion in Bitcoins respectively at the end of 2021.

High net worth retail investors and merchants would invest over $10 trillion in Bitcoin by 2030, according to Ark. Also, more developing economies will accept bitcoin as currency, it could happen in Russia to counter economic sanctions.

Read also Can the Shiba Inu crypto make you richer… see a millionaire?

Payment players are not left out

To accompany the great adoption of Bitcoin. Online and offline payment players must come along: PayPal, Block and MercadoLibre are among the growing number of fintech companies offering digital wallets that facilitate Bitcoin transactions.

Several crypto exchanges now offer debit cards that allow investors to spend their Bitcoins in stores and online. The Coinbase VISA card is an example.

These technologies allow users to invest in Bitcoin and use it to pay for purchases.

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Did you miss Shiba Inu (SHIB) and Dogecoin (DOGE)? This crypto could reach $1,360,000 by 2030 according to an American management company! – The ₿log

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