A lot of people have been making various Bitcoin predictions for the coming year. It is quite hard to make an accurate prediction of any commodity in the long run. However, this doesn’t mean that there aren’t any trends in the future. People can look at two distinct factors and try to make some educated guesses on what might happen next. These can then be translated into possible future movements in the price of this popular virtual currency.
First of all it is important to realize that there are no real concrete predictions. This is because everything is going according to the current conditions at the moment. This includes the present status of the economy worldwide, as well as the state of the marketplace. One thing that is rather clear is that there are no fundamental reasons that would cause the price of the cryptocoins to soar to new heights or plummet.
This does not mean, however, that there are no fundamental reasons that would cause the value of this precious asset to go down. Some analysts have seen signs of a possible slowing down in China, as well as a possible gold standard scenario where the United States would start to back away from its traditional role as the world’s largest creditor. All these factors would have a major impact on how the prices of the Bitcoins would move. At the end of the day, though, it is the predictions of those who know what they are talking about that are more important than the predictions of everyone else.
So let’s take a look at some of the better-known estimates of the current market value of the cryptocoins. The current price prediction for the coming year is $2.5 billion. This figure comes from the combined market cap of all the top exchange trading platforms combined. At the time of writing this article, the combined total of all the major indicators was at around sixty-seven percent. This means that we are still very early in the global trade.
So, what does this all translate into for the digital asset research community? With such a high percentage of prediction, it is safe to say that there will be a lot of changes that come from this trade. It is highly likely that the top exchanges will have to adjust their rates to accommodate the changes that will be brought about by this shift in the global economy. In order to make sense out of this prediction, it is important to take a look at the other indicators that are included in the calculation.
Among the factors that are used in these calculations are the current price of the US dollar and the Chinese Renminbi. There are many digital asset specialists that base their predictions on the market cap of these two currencies. There are also some people that include the Euro and the Japanese Yen into their calculations, which are basically fair because the Euro and the Yen are strong international currencies that are used everywhere throughout the world and the US dollar is still the strongest currency in the world.
Since there are a lot of factors that are used in these calculations, it is pretty obvious to see how the prediction will change once the results become available. This is why a lot of people rely on this type of analysis and use it to determine where they should invest their money. Since there are a lot of fundamental factors that have been included in the calculation, it is not surprising that the predictions for the year 2140 are quite different depending on who is doing the analysis. For instance, some analysts think that the value of the virtual currency will continue to rise until it reaches a level that will allow it to replace the US dollar as the reserve currency, while others think that it will be surpassed very soon and will no longer be used as a worldwide reserve currency.
Therefore, it is up to you to decide if you want to believe the bullish or the bearish Bitcoin predictions. Just remember that most people who are bullish on the situation do so because they have seen signs that indicate that it will continue to rise. Whereas, those that are bearish have a similar reason for thinking that the value of the cryptocoins will fall. But of course, when it comes to the virtual money, it is up to your own analysis to determine which of the two types of predictions is more accurate. But no matter what happens, it is clear that the bullish and the bearish predictions are both valid at this point in time.