The Cryptocurrency industry entered a state of shock after Bitcoin (BTC) dropped below the coveted $ 100,000 mark. King Coin started the first week of February on a baisse -like note when BTC dipped to a low of $ 93,000. While several lost hope and sold their holdings, revealed predictions from prominent companies a promising future for BTC holders. Ark Invest, in its latest report, highlights the possibility that BTC will increase over $ 1 million.
Also read: US Congress form Crypto Task Force – Brace for new regulations!
Look at Bitcoin’s current market
In January, King Coin registered a new highest time of $ 109,114.88. BTC is currently acting at 10.28% below this peak. This may seem like a fairly low number compared to Ark Invest’s prediction.
Also read: Cardano founders suggest large crypto developments: February could be wild
Ark Invest’s prediction
According to a new report, Bitcoin is expected to trade at a maximum price of $ 1,500,000 by 2030. This is the case for King Coin. The average trading price at BTC was set at $ 700,000. Finally, the Baisse -like case for King Coin was set at $ 300,000. All of these price brands are much higher than BTC’s current price level.
Also read: Ripple: XRP on the right track to deliver big Q1 winnings: like this