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A Famous Bitcoin Supporter Makes an Astounding Price Prediction!
A Famous Bitcoin Supporter Makes an Astounding Price Prediction!
Thomas Fahrer, co-founder of Apollo and a well-known advocate for Bitcoin, has made a jaw-dropping prediction about its price. According to Fahrer, he expects BTC to reach a staggering $3.5 million by 2030.
The increasing adoption and use of Bitcoin is directly impacting its price, and Fahrer’s prediction is the latest in a series of bold forecasts. Sharing his prediction on his X account, Fahrer believes that as global assets experience significant growth and Bitcoin becomes more widely accepted as a store of value, the price of BTC will skyrocket.
Fahrer estimates that currently, Bitcoin accounts for just 0.1% of the world’s wealth. However, he anticipates that this percentage will rise to 0.5%. With this projected increase in allocation, the price of Bitcoin could surge to $3.5 million by 2030.
“Currently, Bitcoin represents 0.1% of the world’s wealth. By 2030, it will account for 5%. Total global assets have increased from $900 trillion to $1,500 trillion. Therefore, one Bitcoin will be worth approximately 0.05*1500 trillion / 21 million = ~ 3.5 million dollars.”
As of the time of writing, Bitcoin is being traded at $69,887, starting the new week on a positive note. Keep an eye on its progress and follow the adoption of Bitcoin.
For daily coverage of all the latest developments, click the link below:
https://t.co/BVFbKVqvq8
— Thomas | heyapollo.com (@thomas_fahrer)
June 3, 2024
*Please note that this is not investment advice.
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