bitcoin price prediction 2030

I think the crypto market cap will get to $50T at that point. However, it’s hard to say if Bitcoin will still be around in 2030. If it is, I think it will hover between $20,000-$30,000 along with the occurrence of these 3 major changes.

1: Replacement of FIAT and Bitcoin

Have a look at this infographic.


Taking into account that all the gold in the world is worth $7.8 trillion, all money $28.6 trillion, stock markets $70 trillion, a global crypto market cap between $28.6- $70 trillion is not unrealistic.

That is if course, only if crypto actually replaces FIAT.

So, let’s say that crypto grows by 150x from today’s $300B to $50T.

I really don’t think that Bitcoin will be around till then. Some say it will function as digital gold, but the tides can change very quickly in crypto.

So, when one cryptocurrency manages to gain mass adoption, Bitcoin could be forced to decline by 98% quickly within 3 years.

I think Bitcoin will find its maximum at $70,000-$100,000 within the next year, since all bull runs make 17x return on Bitcoin on average. Afterwards, the 70% crash will come, like with all bull runs on average it may get back to $21,000- $30,000 and then probably stay between $20,000 and $40,000 for a few years.

It may slowly lose market share again, since Bitcoin’s technology is pretty bad. if Bitcoin doesn’t reach a 1,000x scalability, more energy friendly, increasingly decentralized, and faster, it will disappear.

The way it looks right now, I don’t see it being able to catch up with other cryptocurrencies which currently innovate 5x faster than Bitcoin. Bitcoin is too slow with innovation. They have hundreds of developers and every change needs to be signed off by the community. This paralyses innovation. Too many cooks…

2: Implosion and recovery of the banking industry

Since the main service of banks i.e. storing money, will likely not be as necessary anymore within the next 3 years, 80% of bankers will lose their jobs and 80% of banks will probably have to shut down.

However, a few banks will survive, the ones which create services around cryptocurrencies, such as loans, payment gateways, consulting, and security improvements.

3: Implosion of very large industries and subsequent restructuring.

The blockchain will have the biggest impact of very complex industries, especially indusries with a lot of gatekeepers and middlemen that take out money and put into their own pockets. The blockchain democratizes everything and takes the power from very few to the many.

There are 14 industries that I identified as such. These are

Voting, Healthcare, Gambling, Pension Funds, Energy, Gaming, Real-Estate, Lending, Ticketing, ISPs, Decentralized Storage, Security Identification, and the Adult entertainment industry. I wrote about this in detail here Marius Kramer's answer to What are the coolest innovations with Blockchain technology recently?

Conclusion

Crypto will likely balloon to a $50 trillion market cap from the current $300B.
Banks will likely implode and completely be restructured.
Many more industries will likely implode, and be completely restructured.
Exciting times. :)


sOURCE BY qOURA