RATE Group | New Study Provides Bullish Outlook on Bitcoin, Claiming $98,000 Possible
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New Study Provides Bullish Outlook on Bitcoin, Claiming $98,000 Possible

31 Aug New Study Provides Bullish Outlook on Bitcoin, Claiming $98,000 Possible

Posted at 04:31h in Bitcoin News by

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According to new research conducted by Initial Coin Offering (ICO) advisory firm Satis Group, the Bitcoin (BTC) price could potentially reach $98,000 in the next five years. The report written by Sherwin Dowlat and Michael Hodapp represents the fourth part of a five-part series covering the crypto space.

The report states that, in terms of upward tendencies in cryptocurrencies over the next five years, BTC will reach reach $96,000, Monero (XMR) will reach $18,000, and Decred (DCR) will hit $535.

Bitcoin Cash (BCH) is forecasted to slump to $268, after it “[attempts] to inherit brand recognition and [provides] minimal technological advantage to incumbents.” Cryptoassets, which have centralized ownership will supposedly represent little value, with a forecasted Ripple (XRP) price of $0.01.

The research team forecasts that the Ethereum “platform network” will lose share from nearly entire to half share in 2028:

“While we do acknowledge the strong community around the ETH…

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