Stacks: Bitcoin will never fall below $ 50,000 again

Muneeb Ali, co-founder and CEO of the Stacks platform, predicts that the price of bitcoin BTC $94,712.31 Bitcoin -0.91% Market capitalization $1.88 trillion VOL. 24 hours $2.06 billion will never fall below $ 50,000 again. According to him, the first cryptocurrency will continue to receive significant capital inflows, while most second-tier projects based on the bitcoin network may disappear within three years.

Ali believes that the crypto market is entering a phase of fierce competition, and about two-thirds of the existing blockchain projects will not survive this period. He also predicts that other first-tier blockchains, such as Ethereum ETH $2,667.71 Bridged Ether (StarkGate) -4.64% Market capitalization $0.23 billion VOL. 24 hours $1.97 billion and Solana SOL $153.61 Solana -8.40% Market capitalization $75.43 billion VOL. 24 hours $0.77 billion , will gradually lose ground as the market shifts toward bitcoin.

According to the entrepreneur, the main reason for such changes is the outflow of capital towards meme coins, which reduces funding for infrastructure projects. This puts additional pressure on altcoins and blockchains trying to remain competitive.

Earlier, Santiment analysts noted that several factors point to further growth in the value of bitcoin. These include a decrease in the number of «sleeping coins,» an increase in wallet yields, and a reduction in the supply of bitcoins on exchanges.

Although Ali’s forecasts are quite optimistic, the cryptocurrency market remains unpredictable. Dependence on macroeconomic factors, regulatory decisions, and the dynamics of institutional demand may affect the further movement of the bitcoin price.