Price analysis 10/5: BTC, ETH, XRP, BNB, BCH, DOT, LINK, CRO, LTC, ADA
A recent report by ARK Investment Management LLC presents a strongly bullish case for Bitcoin’s (BTC) future value. The group projects that Bitcoin’s network capitalization will rise to $1-$5 trillion over the next five to ten years. The asset manager argues that offers one of the most attractive risk to reward ratios and should be included in well-diversified portfolios.
However, Blockstream CEO Adam Back believes that the estimation is “conservative” and Back suggested that Bitcoin could rally to a “$1 trillion market cap within 2 years” or probably sooner, implying that each Bitcoin will be worth $50,000.
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