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, Survey: Bitcoin’s value won’t reach 50K by 2030, Forex-News, Forex-News
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Survey: Bitcoin’s value won’t reach 50K by 2030

, Survey: Bitcoin’s value won’t reach 50K by 2030, Forex-News, Forex-News

, Survey: Bitcoin’s value won’t reach 50K by 2030, Forex-News, Forex-News

In a recent survey conducted by the firm Genesis Mining among investors, two thirds of them consider that the value of Bitcoin will not reach $ 50,000 by 2030. At the same time, 50% of them consider that the cryptocurrency will displace gold and the real estate market .

The overwhelming majority of those consulted, 70%, affirm that Bitcoin is the best store of value that exists today. Specifically, they rely more on safeguarding their capitals in the largest of the digital currencies than in the US dollar.

In this sense, in a period of 5 to 10 years, Bitcoin would leave behind the aforementioned real estate and gold markets. It is a belief that a few years ago could be considered daring. However, the recent maturity of the cryptocurrency, allows that, in a survey, it is the same investors who have such a perception.

Survey results are ambiguous regarding Bitcoin’s value

Investor confidence that the value of Bitcoin will increase goes far beyond the Genesis Mining survey. The fact that dozens of institutional investors are putting their capital in cryptocurrencies without fear of a crash can be considered as proof.

Unlike this situation, in 2017, when the price of Bitcoin reached 20,000 dollars per coin, nervousness caused the remembered collapse. That indicates that the current maturity of the cryptocurrency allows investors to put their capitals without nervousness causing volatility.

Broadly speaking, it could be said that the overwhelming majority of investors surveyed consider that there is no reason for Bitcoin to stop rising. The quantitative limitation of this asset, plus the growing demand, both from large investors and retailers, will cause a feeling of scarcity. It will be the growing driver of the value of Bitcoin, consider the participants in the survey.

Although there is practically no investor who does not see the possibility of investing in cryptocurrency with temptation, there are skeptics.

, Survey: Bitcoin’s value won’t reach 50K by 2030, Forex-News, Forex-News
Bitcoin’s value has returned approximately 160% in 2020, if it maintained that rate for 10 years, it would reach 50K in 2030, but the participants in the Genesis Mining survey expect otherwise. Source: TradingView

Not all investors see a permanent upward trend

Considering Bitcoin’s current value of $ 20,000, one might assume that 50K in 2030 will be a conservative figure, but survey participants believe otherwise. Only 17% of investors believe that this amount will be reached within 10 years.

The basis for this belief could be that, until now, the pioneering cryptocurrency has made its journey with virtually no obstacles. To the extent that it becomes an uncontrollable giant for centralized entities, the obstacles will begin to do their job.

Regulators are among these setbacks that Bitcoin could find on its way in these 10 years. Laws that could play against cryptocurrency are just looming in some countries. It will be a matter of time to test the strength of Bitcoin that its enthusiasts display.

Another obstacle in the way of Bitcoin, could be the competition. And by this he does not mean other cryptocurrencies such as Ethereum, which have little chance of beating Bitcoin in the future. In this case, it is the imminent digital currencies of central banks.

Although the survey does not take this measurement, it is likely that this is a factor in limiting the participants in relation to the value of Bitcoin.

A stalemate on the horizon

An important aspect revealed by the Genesis Mining survey, in which 50% of those consulted affirm that the value of Bitcoin will stagnate. In other words, for the next decade, the pioneering cryptocurrency would be worth $ 20,000 or less.

Another fact that draws attention is that, among these investors, a third of them consider that Bitcoin will fall again to 10K. In parallel, 11.8% believe that the cryptocurrency will collapse and will barely exceed USD 1,000.

Likewise, 16% believe that the historical cycles of Bitcoin will disappear forever. In other words, the cryptocurrency will become an extremely mature asset, absent from the volatility that has characterized it until now.

Data to take into consideration

  • If Bitcoin maintains a similar pace to 2020 for the next 10 years, its value in 2030 could reach 50K.
  • The Genesis Mining survey finds that two-thirds of consulate investors believe that the value of Bitcoin will continue to grow.
  • Although 70% of those surveyed believe that the cryptocurrency will continue to appreciate, only 17% believe that it will reach USD $ 50,000.
  • An equivalent percentage (17%) claim that Bitcoin will go down in price in the next 10 years.

, Survey: Bitcoin’s value won’t reach 50K by 2030, Forex-News, Forex-News

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, Survey: Bitcoin’s value won’t reach 50K by 2030, Forex-News, Forex-News

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