This kind of growth could totally reshape the financial landscape, and Bitcoin, the flagship cryptocurrency, is at the center of this transformation. Morehead’s analysis points to one striking possibility: Bitcoin’s market capitalization could hit $15 billion by 2028. That is 10,000% growth, which might seem like a lot, but it is actually in line with past performance, declared Morehead in an interview with Bankless.
This is not just wishful thinking as BTC has been doubling in value every year for 11 years, and it has kept going up even as critics say it is overvalued. Morehead is confident that Bitcoin’s steady performance and its role in the bigger picture of tech and economic change are what’s driving it.
Morehead’s predictions are based on his experience in the field. Back in 2013, when BTC was still a new thing trading at around $65, he told investors to pay attention, and that letter to investors earned a legendary status in the crypto industry.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
