Research firm Satis Group has released a new report claiming that Bitcoin (BTC) will hit $144,000 in ten years.
Decade-Long Predictions
The group’s evaluations are based on real-world data researched by Sherwin Dowlat and Michael Hodapp. The report also explores Monero (XMR), Zcash (ZEC), Dash (DASH), Litecoin (LTC), Ripple (XRP), Ethereum (ETH), Stellar (XLM), EOS (EOS), Cardano (ADA), and Bitcoin Cash (BCH)—all projects in the top twenty cryptocurrencies by market cap. Predictions were based upon peer-based, top-down, and bottom-up metrics:
“In an entirely new asset class, consensus around valuation methodology is still evolving. Traditional securities like stocks and bonds are often valued based on their cash streams to securities’ holders, typically using either a DCF or multiples approach relative to the cash streams. On the other hand, cryptoassets offer an expanded range of rights to their holders, and as a result valuation methodologies must vary based on the nature of each network.”
The claims look to shake up the current top ten coins, with a majority of them falling out over the next decade. Bitcoin is predicted to hit around $96,000 come 2023, before reaching $144,000 within the next ten years. Ripple may run as low as $0.004, down from its current average of $0.3 per XRP.
Ethereum looks to go up to $882 as an all-time high next year before lowering to an eventual $588 by 2028. Litecoin won’t fare much better, hitting a possible cap of $225.
Stellar is predicted to lower to $0.01 next year, while varying between that and $0.02 over the decade. EOS has an interesting fluctuation, going from $6 to $0.05 next year before rising back up to $4.8. Bitcoin Cash is also expected to fall hard from a current value of $558 down to $180 by 2028.
Cardano is similar to Stellar in that the researchers believe it will drop and stay down, going from $0.1 to $0.001 in ten years. Finally, we have Monero and Dash—both of which are predicted to experience significant growth in the decade. Monero is predicted to go from $103 to $39,584 in ten years, with Dash rising from $188 to $2,927.
Suggested Reading : Check out our cryptocurrency guides for more information on all of the above coins.
Prediction, Not Fact
Of course, Satis is making predictions on a brand new, incredibly volatile market. It’s important not to take these claims as fact, but also to note all of the research that went into this report.
The two researchers state that “cryptoassets which apply unique value propositions within deep and viral markets” will see the most success, citing Bitcoin and Monero as examples. Conversely, those that “attempt to inherit brand recognition and provide minimal technological advantage to incumbents” like Bitcoin Cash, will fail to see much long-term growth.
Ultimately, “currency and privacy networks” are expected to see the best growth due to their basic, but universal, use cases.
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