{"id":134767,"date":"2024-08-02T19:30:39","date_gmt":"2024-08-02T16:30:39","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134767"},"modified":"2024-08-02T16:55:47","modified_gmt":"2024-08-02T13:55:47","slug":"here-is-why-we-can-expect-bitcoins-price-to-skyrocked-according-to-analyst","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/here-is-why-we-can-expect-bitcoins-price-to-skyrocked-according-to-analyst\/","title":{"rendered":"Here is Why We Can Expect Bitcoin’s Price to Skyrocked, According to Analyst"},"content":{"rendered":"

Wu suggests that Bitcoin<\/strong><\/a> could capture 3% of total global assets, which could send it to a valuation of around $700,000 for BTC.<\/p>\n

He explained that total global assets amount to $500 trillion. If Bitcoin manages to capture even a fraction of that, its value will increase significantly.<\/p>\n

Furthermore, the analyst believes Bitcoin will reach a six-figure price if its global adoption reaches between 16% and 50%, compared to the current adoption level of 4.7%.<\/p>\n\n

He referred to the S-shaped adoption curve that tracks how quickly new technologies are adopted, noting that 16% marks the early majority and 50% the late majority.<\/p>\n

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So now everyone is asking when. This is also a well known phenomena via the adoption S-curve.<\/p>\n

16% is early majority, 50% is late majority. Wealth management is somewhere in this sector.<\/p>\n

So figure out when BTC adoption enters 16%-50% world adoption based on the yellow line. pic.twitter.com\/e61FvcKlVw<\/a><\/p>\n

\u2014 Willy Woo (@woonomic) August 1, 2024<\/a><\/p><\/blockquote>\n