Bitcoin Price to Hit $96K in 5 Years, ICO Advisory Firm Satis Group Reveals in a Report | Coinspeaker

Bitcoin Price to Hit $96K in 5 Years, ICO Advisory Firm Satis Group Reveals in a Report

| Updated
by Julia Sakovich · 3 min read
Bitcoin Price to Hit $96K in 5 Years, ICO Advisory Firm Satis Group Reveals in a Report
Photo: Jason Benjamin / Flickr

Though currently Bitcoin price doesn’t please investors, the forecast published by the advisory firm Satis Group is quite optimistic.

Initial coin offering advisory firm Satis has published a new report devoted to examination of the current value of the cryptocurrency market and actual value of assets underlying token prices. The published report also contains some predictions about the potential development of the market in the future and some points cannot but give hope to crypto investors.

Though at the press time, according to the data provided by CoinMarketCap, Bitcoin is traded for $6,931 having gained less than 1% over the last 24-hour period, the researchers suppose that Bitcoin’s price might jump to $96,000 over the next five years.

Of course, these predictions are not so optimistic in comparison to forecasts made by some other analysts who claim that Bitcoin may reach $1 million in the same period. They are even not so optimistic as Tom Lee’s point of view according to which Bitcoin may reach $91,000 by March 2020. But still, they sound quite positive in the current circumstances.

The report also includes some forecasts about the potential future of some other coins in the next five years. According to the report, quite a bright future is waiting not only for Bitcoin but also for such coins as Monero and Decred. The report says that their prices may increase significantly and they are “cryptoassets which apply unique value propositions within deep and viral markets.”

Nevertheless, the analysts are much less optimistic about coins like Bitcoin Cash saying that their developers are trying to get benefits of brand recognition and are not paying enough attention to their technological aspect and development. That’s why investors should be prepared to see the prices for these kind of crypto assets falling significantly.

There is no good news for coins like XRP as well. The researchers from Satis Group insist that it may fall to $0.01 while at the moment XRP is traded for $0.33 according to CoinMarketCap.

The report contains the following explanation of this predictions:

“Within the currency networks, we continue to see upside in networks that have cultivated relatively organic growth and community (such as LTC), meaningful downside from networks that have inherited brand recognition and potentially short-lived adoption during hiccups from their fork-parent (such as BCH), and very little value in networks that are misleadingly marketed and not even required for use within their own network (such as XRP).”

The analysts have also paid attention to the future of so-called platform networks like Ethereum. The specialists claim that in the following 10-year period less token projects will be developed on the base of Ethereum network and a larger number of them will be built on top of other similar networks. It’s worth mentioning that previously Satis Group reported that now approximately 86% of the market share belongs to projects being developed on top of existing platforms. Moreover, the report notes that Ethereum is currently undervalued.

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