Crypto Veteran Investor Predicts Bitcoin Valuation Of $7 Billion Per Coin, Here's How He Thinks This Is Possible
Portfolio Pulse from Mehab Qureshi
Veteran investor Peter Dunworth predicts a future valuation of Bitcoin (BTC) at $7 billion per coin. His analysis is based on the daily global trade worth of $6.3 trillion divided by the 900 BTC that are minted daily. If each Bitcoin's value reaches $7 billion, the potential market capitalization would be $147 trillion. At the time of writing, BTC was trading at $27,142, up 4.56% in the last 24 hours.
September 20, 2023 | 1:10 pm
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POSITIVE IMPACT
Bitcoin's potential valuation of $7 billion per coin could significantly increase its market capitalization. Currently, BTC is trading at $27,142, up 4.56% in the last 24 hours.
The prediction of Bitcoin's future valuation at $7 billion per coin by a veteran investor could potentially influence the market sentiment positively. This could lead to an increase in demand for Bitcoin, thereby driving up its price in the short term. However, it's important to note that this is a prediction and actual market performance may vary.
CONFIDENCE 80
IMPORTANCE 100
RELEVANCE 100