Bitcoin may be worth $ 10 million by 2032

not financial advice!

Blockstream CEO Adam Beck believes that the price of BTC could reach $ 10 million by 2032. The analyst noted that since 2013, the BTC rate has only doubled, so if this trend continues, in about nine years, the price of bitcoin will reach $ 10 million and the market capitalization will reach $ 200 trillion.

earlier this year, i was curious about the claim «bitcoin 2x's per year on average». it checks: the decade jan 2013 — dec 2022 #bitcoin went up 2.036x/year (1200x in a decade). if that continues we’ll cross $ 10mil/BTC and $ 200 tril market cap by end of next 2 halves, about 9 years. pic.twitter.com/mqmO2SRdAv

— Adam Back (@adam3us) February 12, 2023

According to Beck, in order to achieve such indicators, it is necessary to accelerate the improvement of second-tier technologies of the HTS and crypto wallet infrastructure.«We need the next billion new users of digital assets to have their own UTXO (leftover funds after transactions), personal keys, and censorship-resistant cold storage,» the crypto investor believes.

The analyst emphasized that only 1−2% of the world’s population owns bitcoin so far. Beck predicts that the vast majority of investors will keep the flagship asset on cold crypto wallets in the future. «Given the volatility, I think bitcoin could skyrocket and reach a market capitalization of $ 100−300 trillion. So I suspect that people with medium entry points will not have much incentive to sell large volumes of cryptocurrencies,» the financier explained.

Only three days ago, bitcoin set its first anti-record in 2023. Analysts believe that the price of BTC was influenced by pressure from US regulators, as Fed officials announced further interest rate hikes. And tomorrow, according to the author of the bestselling book Rich Dad, Poor Dad, Robert Kiyosaki, crypto rates will begin to plummet. february 14 is the day when the current US consumer price index is published. As a marker of inflation, the index will indicate the future direction of the Fed’s monetary policy and directly affect cryptocurrency rates.

At the time of writing, bitcoin is trading at $ 21,806 with a market capitalization of $ 420.6 billion.