This year's coin will go up to $ 50,000
It is claimed that the market value of virtual currencies will reach $ 1 trillion this year. Steven Strongkin Goldman Sachs, a director of global investment research, contradicts what he said on the same day that "the likelihood of virtual currency survival is zero."
CNBC said on Thursday (July 7) that industry experts are citing "Bitcoin will rise to $ 50,000 this year, and the market value of virtual currencies will reach $ 1 trillion."
Bitcoin has started to fall sharply since last November. Alcohols such as Stella Coin and Cardano have risen sharply this year, but Bitcoin has recently fallen to $ 7,000- $ 8,000, less than half the peak (about $ 20,000).
According to CNBC, the market cap of virtual currencies now exceeds $ 550 billion. This is a remarkable difference from dotcom bubbles (several trillion dollars), which are compared with each other due to the surge of virtual money. CNBC said, "The virtual money market is steadily stabilizing after the recent sharp decline, and industry officials are expecting another sharp upturn."
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