Bitcoin (BTC) could reach $ 100,000 in five years and $ 1 million by 2035, as Nugget News CEO Alex Saunders told the Cointelegraph.
In an interview with Cointelegraph Markets analyst Michael Van de Pope on November 18, Saunders called today’s conditions “the perfect backdrop” for new heights.
Saunders: Bitcoin will be worth $ 1 million by 2035
He said: “Either it will continue as it is now for the next few weeks and hit $ 20,000 very quickly, or it will have a limited area now and then we hope it will be positive next year.”
Saunders spoke as BTC / USD broke its recent high of $ 18,400 to move in a broad corridor that focused on $ 17,700. The growth was rapid, in just one week the return was up to 15%.
Looking ahead, Saunders thought that six to seven bitcoin numbers were a bit distant, but the combination of money and adoption means there is no “way out” now.
“I honestly think Bitcoin will hit $ 100,000 in the next five years, and then it will be somewhere nearby.” Well, are they really trying to shut it down, or how do they regulate and trade it? Bean.
“And if he can continue his mission and absorb all the money from around the world and become the global reserve currency … I think we can get a million dollars a coin the next day, whatever it is, in 15 years.”
Estimates look somewhat conservative compared to some of the current price projections, including the popular series are current stocks, which are expected to be at least $ 100,000 by next year.
Saunders’ concerns about the legitimacy of the rise in prices reflect the concerns of top investor Ray Dalio, whose comments on Bitcoin this week made him hugely famous.
The role of the ether in transformation?
If we talk about more ETH, the prognosis is better. Saunders believes that there is a high probability that record high levels for ETH / USD will be in a year or less.
Bitcoin and Ether indicators since the beginning of the year. Source: Cointelegraph Markets / Digital Asset Data.
Given current productivity, this will require almost 200% growth from the $ 470 press time level.
Ether, like most altcoins, has failed to replicate the latest developments in Bitcoin, despite the long-awaited rollout of Ethereum 2.0 and the associated roadmap that will transform the network.
However, Van de Poppe agrees that the future will probably be bright for ether, as the next uptrend will only stop an order of magnitude higher than the previous peak.
“The next ATTH round for ETH is likely to cost between $ 10,000 and $ 20,000,” he told Twitter followers Wednesday.