The fluctuations in the Bitcoin rate can reach $10,000-50,000, and the capitalization of the cryptocurrency can grow up to $1 trillion, Bloomberg analysts write.
The experts believe the current consolidation may last for several months, but growth will continue in the future. According to them, Bitcoin’s market capitalization of $1 trillion is only a matter of time.
According to their model, this could happen in the period 2021 to 2022. Also, the analysts note a significant decrease in Bitcoin volatility. The 180-day corresponding figure in recent days is only 1.8 times higher than that of gold. This suggests the first cryptocurrency is positioning itself as a stable value-store asset.
Many crypto experts have noted in the past that Bitcoin will only reach its true potential when the capitalization of the cryptocurrency is at least 10% of the capitalization of gold. Only then, the doubts and prejudice of some market participants can be adequately refuted.
In addition, the experts provided a graph showing the simultaneous growth of the hashrate and the price of Bitcoin compared against the increase in the ratio of the financial balance of world central banks in relation to global GDP.
