CEO Voorhees predicts Bitcoin price in the face of Bitcoin growth

Golden Finance News - In the face of Bitcoin's current growth trend, the exchange's CEO ( Erik Voorhees ) predicts the future price of Bitcoin.

Erik Voorhees makes predictions about Bitcoin's current growth trend. Image source: Golden Finance

He believes that if Bitcoin can maintain its current market share, the price of Bitcoin, as the top digital currency, may increase to 10 times its current level in four years, exceeding $10,000.

This means that the global cryptocurrency market value will grow 10 times its current value in four years.

Voorhees gives his thoughts on Bitcoin price

"You can use Bitcoin to send billions of dollars around the world to other places without having to use the expensive, slow, censored banking network," he said.

According to statistics, on Wednesday, April 26, the total market value of all digital currencies reached $31.6 billion. Bitcoin has a dominant market share of 66.3%, and the price of each Bitcoin has even reached $1,300.

On Wednesday, the total market value of all digital currencies reached $31.6 billion. Image source: Golden Finance

According to the existing number of Bitcoins, if Bitcoin can still dominate with a 66% share, the market value of Bitcoin can reach 198 billion US dollars based on the total market value of 300 billion US dollars in 4 years. Therefore, the average price of each Bitcoin can be expected to be 10,403 US dollars.

By the end of 2021, it seems that there will be 19,031,250 Bitcoins in circulation. Image source: Golden Finance

——The World Economic Forum believes that by 2027, 10% of the world's GDP (gross domestic product) will be stored in blockchain technology - this will be a turning point, although 58% of respondents expect this to happen by 2025.

——The World Economic Forum believes that the global GDP is about 80 trillion, and the total value of Bitcoin in the blockchain accounts for about 0.025% of it, which is about 20 billion US dollars. Unlike Voorhees' view that remittances will play a role in the token market, the international organization predicts the impact of digital currencies in the future of 4 to 10 years.

They believe that: “Assets will circulate in the blockchain and reside in the blockchain for various value exchanges. At that time, the circulating assets in the blockchain will show explosive growth.”