RATE Group | Bitcoin To $96,000, XRP To $0.01 By 2023, ICO Advisor Satis Group Estimates
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Bitcoin To $96,000, XRP To $0.01 By 2023, ICO Advisor Satis Group Estimates

31 Aug Bitcoin To $96,000, XRP To $0.01 By 2023, ICO Advisor Satis Group Estimates

Posted at 14:41h in Bitcoin News by

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Man looking through telescope forecasting bitcoin future. Photo Credit: Getty Creative

What bear market?

Despite downward pressure on the price of bitcoin for most of 2018, ICO advisory firm Satis Group sees bitcoin’s value proposition and market depth as strong vis-a-vis other crypto assets, and is estimating that its price could hit $96,000 by 2023 and $144,000 by 2028.

The predictions come in a new report on crypto asset valuation in which overall crypto market capitalization is estimated to grow from approximately $170 billion currently to $3.6 trillion over the next ten years.

Despite the broader bitcoin and crypto bullishness, the report’s predictions for tokens like Bitcoin Cash, XRP and application-specific utility tokens are quite downcast.

The authors see BCH trending down to $268 in five years’ time and forecast minimal traction for “cryptoassets which attempt to inherit brand recognition and provide minimal technological…

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