Here’s how much Bitcoin may be worth by the end of this decade

ambcrypto.com:

All of the cryptocurrency industry appears to be in a panic after $100 million were liquidated in around 24 hours. This has caused Bitcoin‘s price to dip 3.6% during this time, adding on to the 28% it has lost in the entire past month.

While many are fearful of a bull cycle engulfing the market, researchers at Ark Invest have painted a rather bullish narrative for the king coin going forward. In a report published earlier this week, it was predicted that it could in fact exceed a price valuation of $1 million by the end of the decade, a long shot from its current price tag of around $36,000.

To be specific, the report predicted $1.36 million per BTC with a market cap of $28.5 trillion by 2030. This estimated future valuation was reached after the researchers added up the expected values of each of Bitcoin’s eight use cases. These included Remittance Network, Emerging Market Currency, Economic Settlement Network, Nation-State Treasury, Seizure-Resistant Asset, Corporate Treasury, Institutional Investment, and Digital Gold.

Source: ARK Invest

The report predicted that by 2030, the top cryptocurrency will account for 50% of global remittances at 1.5x velocity, 10% of emerging markets’ currency, 25% of US bank settlement volumes, 1% of nation-state treasuries worldwide, 5% of global high net worth individual (HNWI) wealth, 2.55% of institutional asset base, 5% of the cash from S&P 500 companies, and 50% of gold’s total market cap.

The report noted that the Bitcoin payments infrastructure has already expanded greatly in the past year, as its cumulative transfer volume increased by 463% in 2021. This allowed BTC’s annual settlement volume to even surpass Visa’s payments volume.

Further adoption through these use cases will cause