[2018-08-31] ICO Advisor Satis Claims $96K Bitcoin Price Possible in 5 Years

[ivanpoldark]

Initial coin offering advisory firm Satis Group believes bitcoin's price might jump to $96,000 over the next five years, according to a new report.

Satis Group published the latest report in its five-part analysis of the cryptocurrency ecosystem Friday, this time examining how the cryptocurrency market is valued and whether this valuation matches the actual assets underlying token prices. The report, written by researchers Sherwin Dowlat and Michael Hodapp, also created predictions for how the market might look over the next few years.

Notably, the report attempted to predict how different cryptocurrency prices might look over the next five years if valued based on the underlying assets rather than speculation, saying that coins like bitcoin, monero and decred should see their prices spike as they are "cryptoassets which apply unique value propositions within deep and viral markets."

On the other hand, the researchers believe that coins like bitcoin cash and other "cryptoassets which attempt to inherit brand recognition and provide minimal technological advantage to incumbents" will drop. Coins like XRP received the harshest predictions, with the Satis Group saying the token would drop to $0.01.

The report explained:

"Within the currency networks, we continue to see upside in networks that have cultivated relatively organic growth and community (such as LTC), meaningful downside from networks that have inherited brand recognition and potentially short-lived adoption during hiccups from their fork-parent (such as BCH), and very little value in networks that are misleadingly marketed and not even required for use within their own network (such as XRP)."

Read more: https://www.coindesk.com/ico-advisor-satis-claims-96k-bitcoin-price-possible-in-5-years/

[Slow death]

this news will generate a lot of noise in the cryptos forum. Let's look in parts:

Initial coin offering advisory firm Satis Group believes bitcoin's price might jump to $96,000 over the next five years, according to a new report.

Is a prediction that may be achievable. but I suggest people do not take this prediction as a financial advice, what we saw in December was something that should serve as a lesson in life

Notably, the report attempted to predict how different cryptocurrency prices might look over the next five years if valued based on the underlying assets rather than speculation, saying that coins like bitcoin, monero and decred should see their prices spike as they are "cryptoassets which apply unique value propositions within deep and viral markets."

the governments are doing everything for people not to be anonymous, so I believe that currencies like monero will be targets of the government

On the other hand, the researchers believe that coins like bitcoin cash and other "cryptoassets which attempt to inherit brand recognition and provide minimal technological advantage to incumbents" will drop.

probably. but the BCH community does not think so

Coins like XRP received the harshest predictions, with the Satis Group saying the token would drop to $0.01.

if the ripple community reads this, I'm sure they will make a lot of noise

[yatsey87]

this news will generate a lot of noise in the cryptos forum. Let's look in parts:

Really? Why? It just seems like even more largely baseless speculation based on theories and guesswork to me from a relative nobody in the crypto land. Anybody can pull a figure out of their ass and say I think bitcoin will go to this amount because x,y and z. Sure, bitcoin can go to around $100k within five years. It can go to next to zero as well. We might not ever reach $20k again. Who knows. Only time will tell. For the record, I do think there is a possibility bitcoin could go around $100k withing that time frame, but not without a hell of a lot of mainstream adoption and institutional investment. There's also the very real threat of something else coming along that takes over bitcoins dominance. What then?

[1Referee]

The same ICO advisor stated (article) that Monero will be worth $18,000 before 2023. If you throw around with such predictions you're really out to discredit yourself badly.

Don't get me wrong, I think Monero is a great coin with some potential, but I'm afraid that it will be outlawed globally within said time frame, and that will make sure way less money flows in that coin. If you can't even see that happen as 'advisor', then you're not doing your job well enough. This space is literally flooded with these hillbillies thinking to be cool.

Also, one doesn't need to be a rocket scientist to understand that Bitcoin will blast through $100,000 with the block halving and LN accelerating the process of reaching that level.