Bitcoin's price will rise to more than $ 10,000 by 2021 if it holds market share.

TL;DR

As predicted by ShapShift CEO that capitalization of the global forex market could increase tenfold over the next four years, we can see that Bitcoin will surpass $ 10,000 in 2021 if crypto currencies still retain market share until then.

Erik Voorhees predicts that the value of the entire market, if considered as a kind of asset, has surpassed $ 30 billion, which will be worth more than $ 300 billion over the next four years.

To answer the question of what is the most used crypto currency, rather than investment hoarding, Voorhees identifies Bitcoin. He said that it was used to "send hundreds of millions of dollars worldwide a much more efficient, more expensive, slow, and much more expensive banking network."

According to CoinMarketCap.com, the market cap of all digital currency is on Wednesday, April 26, when it touched about $ 31.6 billion. Bitcoin's dominance is set at 66.3%, with the price of each unit reaching $ 1,300.

CRITICAL POINT

Based on the number of Bitcoins that will be exploited in the near future, there may be 19,031,250 units in circulation by the end of 2021. If Bitcoin still dominates with a 66% stake, it is expected to account for $ 198 billion With a market capitalization of $ 300 billion. This allows us to expect Bitcoin's expected price to reach $ 10,403.

The World Economic Forum has predicted that 10% of global gross domestic product (GDP) will be stored on BLockchain technology, which will appear around 2027 - even though 58% of respondents said it will happen 2 years ago.

With around US $ 20 billion, WEF brings Bitcoin's total value to about 0.025% of global GDP of about $ 80 billion. Unlike Voorhees's view that money transfers are playing an important role in the stock market, international organizations cite some of the expected impact in the next four to 10 years.

These include strengthening financial services in emerging markets, as financial services on the Blockchain play an important role. The breakdown of financial institutions as a new service and direct value exchange on Blockchain along with the explosion of commercially viable assets because " All value transactions can be made on Blockchain."