Bitcoin Is The New Gold? Forecast For 21-Key Growth
Bitcoins will reach $ 55,000 by 2022. Which predicts Gray 2017th for the stock market. He believes in the growth of the Bitcoins cost, but perhaps not for the same reasons as the other "bulls" of the cryptomarket.
- Bitcoin - Gold 2.0
- One reason is that cryptocurrency cannibalize demand for gold.Given our model, we estimate that the Battle price could reach values from $ 20 to $ 55,000 by 2022. - therefore, investors have to find a way to take advantage of this potential growth of cryptocurrency. "
This is definitely a big leap, compared to the current Bitcoin price, which is under 2500 dollars. However, the value jumped more than twice since the beginning of this year. Investors will turn to Bitcoins as a substitute for gold, and the fact that the available circulators are approaching the 21 million limit makes cryptocurrency even more appetizing."Offering new battles will grow even more slowly than gold.Therefore, Bitcoins's scarcity is becoming more attractive to gold."
- Bitcoins and the central banks
The 21-fold increase could also be dictated by the fact that central banks would start buying Bitcoins when its market capitalization reaches $ 500 billion."It will definitely change the game, boosting the legitimacy of the cryptocurrency, and most likely hurrying the shifting of gold."
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Well, it meant Bitcoin will carry Steem and many others coins with it, and alt coins will spike
Well said .
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Regardless of bitcoin's growth, it will have little to do with what's happening with gold.
It's not a strictly zero-sum game. Bitcoin can reach impressive heights without cannibalizing other investment vehicles.
The nature of Gold being a physical product is what made it an investment vehicle for centuries. As far as I know, nothing really "cannibalized" gold. The two timeless investment vehicles are gold and real estate. No matter how attractive any cryptocurrency or any investment vehicle could be, it will never beat the safety of gold and real estate. The vast majority of people invest in gold and real estate not because they want great returns, but because they're SAFE.
Just my two cents...please feel free to explain a bit more if you think I'm missing the point.